M&A Deal Summary

Warburg Pincus and Brookfield Private Equity Acquire Everise

On December 8, 2020, private equity firms Warburg Pincus and Brookfield Private Equity acquired business services company Everise from Everstone Group

Acquisition Highlights
  • This is Warburg Pincus’ 16th and Brookfield Private Equity’s 5th transaction in the Business Services sector.
  • This is Warburg Pincus’ 210th and Brookfield Private Equity’s 11th transaction in the United States.
  • This is Warburg Pincus’ 9th and Brookfield Private Equity’s 1st transaction in Florida.

M&A Deal Summary
Date 2020-12-08
Target Everise
Sector Business Services
Buyer(s) Warburg Pincus
Brookfield Private Equity
Sellers(s) Everstone Group
Deal Type Secondary Buyout

Target

Everise

Plantation, Florida, United States
Everise provides customer service for healthcare, transport, logistics, insurance, financial services, and tech businesses. The Company solves problems for the millions of customers of some of the world’s leading brands, by combining the best technology with compassionate service. Everise was founded in 2016 and is headquartered in Plantation, Florida.

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Buyer(S) 2

Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 432 of 482
Sector (Business Services) 16 of 20
Type (Secondary Buyout) 55 of 64
State (Florida) 9 of 12
Country (United States) 210 of 237
Year (2020) 17 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-20 McMakler

Berlin, Germany

McMakler is a full-service real estate company. McMakler was founded in 2015 and is based in Berlin, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 AA

Basingstoke, United Kingdom

AA is an UK insurance broker with over 2.3 million insurance policies that has a competitive advantage through sophisticated customer analysis ratings and tailored pricing capabilities based on proprietary member data. These capabilities combined with the AA brand and web presence (with over 190 million visits per annum) create a very strong offering in the insurance market. Building on these strengths the AA can provide more competitive and distinctive offers for members in the future. The company remains focused on actions to improve performance in our Motor insurance business by targeting rate reductions from the panel, improving retention performance in call centers, and improving online customer experience. Further, as part of the evolution of the insurance business model, the company will relaunch Financial Services offering to increase its footprint. AA was founded in 1905 and is based in Basingstoke, United Kingdom.

Buy £3.8B
Buyer

Brookfield Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 44.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

Brookfield Private Equity is the private equity arm of global asset management firm, Brookfield Asset Management. Brookfield Private Equity looks to acquire and invest in a variety of North American and European companies with broad sector interest in business services, industrials, and residential real estate. In addition to acquiring companies, Brookfield looks to invest in businesses through the public debt and equity markets, or by providing financing. Brookfield Private Equity is based in Toronto.

DEAL STATS #
Overall 19 of 26
Sector (Business Services) 5 of 5
Type (Secondary Buyout) 4 of 6
State (Florida) 1 of 2
Country (United States) 11 of 14
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-08 Superior Plus

Toronto, Ontario, Canada

Superior Plus is a diversified company that engages in the energy distribution and specialty chemicals business. The company operates two separate businesses: Energy Distribution and Specialty Chemicals. All of the businesses are operated on the principles of entrepreneurship, continuous improvement, executing on objectives, safety, and teamwork. Superior Plus was founded in 1989 and is headquartered in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 Enwave Energy

Toronto, Ontario, Canada

Enwave Energy is a fully-integrated, sustainable energy services provider that distributes steam and chilled water to over 140 buildings via a 40 km underground pipe network in downtown Toronto. Enwave Energy was founded in 1982 and is based in Toronto, Ontario.

Sell $3.2B

Seller(S) 1

SELLER

Everstone Group

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Everstone Group is a private equity firm focused on traditional private equity investments as well as real estate transactions. Within private equity, the Firm seeks to invest in businesses focused on domestic consumption as well as companies that are 'enablers of domestic infrastructure'. Everstone is a 'hands on' investor, willing to take an active role in managing investments. Within real estate, Everstone looks for retail, and mixed use developments, as well as industrial warehouses. Everstone Group was formed in 2006 and is based in Singapore.

DEAL STATS #
Overall 6 of 9
Sector (Business Services) 2 of 2
Type (Secondary Buyout) 2 of 3
State (Florida) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-06 Calibre Chemicals Pvt.

Mumbai, India

Founded in 1984, Calibre Chemicals is a specialty ingredients player catering to several resilient and growing end industries such as pharmaceuticals, nutrition, and personal care. Calibre’s customers span across the US, Europe, Asia, and exports contribute approximately two-third to its revenue. Calibre is headquartered in Mumbai and has state of the art manufacturing facilities at Sarigam, Gujarat conforming to globally recognized certifications and registrations such as FDA, REACH, FSSAI, and ISO.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 OmniActive Health Technologies

Mumbai, India

OmniActive Health Technologies is a provider of naturally sourced ingredients for eye health, weight management and heart health to global nutraceutical companies that provide food supplements and nutritional fortification. OmniActive Health Technologies was founded in 2005 and is based in Morristown, New Jersey.

Sell -
Mergr

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