M&A Deal Summary |
|
|---|---|
| Date | 2019-02-25 |
| Target | Kestra Financial |
| Sector | Financial Services |
| Buyer(s) |
Warburg Pincus
Oak Hill Capital |
| Sellers(s) | Stone Point Capital |
| Deal Type | Secondary Buyout |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1966 |
| PE ASSETS | 83.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 395 of 482 |
| Sector (Financial Services) | 39 of 47 |
| Type (Secondary Buyout) | 48 of 63 |
| State (Texas) | 34 of 39 |
| Country (United States) | 190 of 237 |
| Year (2019) | 4 of 24 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-02-20 |
Allied Universal
Santa Ana, California, United States Allied Universal is a facility services company and the largest security services provider in North America. The company provides unparalleled security services and solutions to serve, secure and care for the people and businesses in our communities. It combines people and technology to deliver tailored solutions that allow clients to focus on their core business, achieve goals, seize opportunities and exceed stakeholder expectations. Allied Universal was founded in 2016 and is based in Santa Ana, California. |
Sell | $7.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-02-28 |
Contrast Security
Los Altos, California, United States Contrast Security is a provider of differentiated technology that embeds vulnerability analysis and exploit prevention directly into modern software. Contrast’s patented deep security instrumentation enables highly accurate assessment and always-on protection of an entire application portfolio, without disruptive scanning or expensive security experts. Contrast Security was founded in 2014 and is based in Los Altos, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 9.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.
| DEAL STATS | # |
|---|---|
| Overall | 59 of 76 |
| Sector (Financial Services) | 5 of 5 |
| Type (Secondary Buyout) | 20 of 25 |
| State (Texas) | 7 of 9 |
| Country (United States) | 52 of 69 |
| Year (2019) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-02-13 |
SmartPak Equine
Plymouth, Massachusetts, United States SmartPak Equine is a provider of equine supplements and horse supplies. SmartPak Equine was founded in 1999 and is based in Plymouth, Massachusetts. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-04-08 |
Wrench Group
Marietta, Georgia, United States Wrench Group is a provider of home repair, replacement, and maintenance services specializing in heating, ventilation and air conditioning (HVAC), plumbing, water, and electrical services. Wrench Group is based in Marietta, Georgia. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 25.0B USD |
| Size | Mega |
| Type | Sector Focused |
Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $5 and $500 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 40 of 55 |
| Sector (Financial Services) | 16 of 20 |
| Type (Secondary Buyout) | 12 of 15 |
| State (Texas) | 4 of 4 |
| Country (United States) | 34 of 49 |
| Year (2019) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-26 |
Oasis Outsourcing
West Palm Beach, Florida, United States Oasis Outsourcing is a Florida-based Professional Employer Organization (PEO) serving almost 230,000 employees and 7,500 clients nationwide. Founded in 1996, it specializes in providing human resources services, employee benefits administration, payroll and tax administration, risk management services and staffing solutions to small- and medium-sized businesses throughout the United States. Oasis is accredited by the Employer Services Assurance Corporation (ESAC), ensuring the highest level of ethical, financial and operational standards in the PEO industry and has received SOC 1 Type II (formerly SAS 70) certification for its high level of accuracy and performance. Oasis, through its subsidiaries, is qualified to offer IRS-certified professional employer organization (CPEO) services. |
Sell | $1.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-07-02 |
Hodges-Mace Benefits Group
Atlanta, Georgia, United States Hodges-Mace Benefits Group, Inc. is a provider of employee benefits enrollment and administration services to large corporate clients. Hodges-Mace empowers employees and employers to make smarter benefit decisions through a combination of innovative technologies and proven employee education and enrollment services. Hodges-Mace Benefits Group, Inc. was founded in 2004 and is based in Atlanta, Georgia. |
Sell | - |
