M&A Deal Summary |
|
|---|---|
| Date | 2008-01-18 |
| Target | PFG |
| Sector | Distribution |
| Buyer(s) |
Wellspring Capital Management
The Blackstone Group Quilvest Capital Partners |
| Deal Type | Going Private |
| Deal Value | 1.4B USD |
| Advisor(s) | Evercore Group (Financial) Bass, Berry & Sims (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 4.5B USD |
| Size | Large |
| Type | Sector Agnostic |
Wellspring Capital Management is a mega-sized private equity firm that focused on a variety of transaction situations. The Firm will consider buyouts of private companies, acquisitions of divisions or subsidiaries of public companies, shareholder liquidity needs, partnering with entrepreneurs for growth opportunities, and special situations. Wellspring does not have any sector preferences and is capable of pursuing transactions valued up to $1 billion. Wellspring Capital Management was formed in 1995 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 53 |
| Sector (Distribution) | 2 of 4 |
| Type (Going Private) | 4 of 5 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 16 of 48 |
| Year (2008) | 1 of 2 |
| Size (of disclosed) | 1 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-05-25 |
Edwin Watts Golf Shops
Fort Walton Beach, Florida, United States Edwin Watts Golf Shops, LLC is a retailer of golf equipment, apparel and accessories. Founded in 1968, Edwin Watts markets its products through 59 company-owned stores located primarily in the Southeastern U.S. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-05-27 |
Vistar
Centennial, Colorado, United States Vistar Corp. (formerly known as Multifoods Distribution Group, Inc.), is one of the largest distributors of food and other products to the foodservice and vending industries in the United States. |
Sell | $1.4B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 131.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 121 of 336 |
| Sector (Distribution) | 1 of 3 |
| Type (Going Private) | 12 of 36 |
| State (Virginia) | 3 of 7 |
| Country (United States) | 84 of 211 |
| Year (2008) | 2 of 14 |
| Size (of disclosed) | 76 of 172 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-01-01 |
Caesars Entertainment
Las Vegas, Nevada, United States Caesars Entertainment is a diversified casino entertainment provider with casinos and resorts in the US, South America, Europe, and the Middle East. In addition to casinos, Caesars' facilities typically include hotel and convention space, restaurants, and non-gaming entertainment facilities. Caesars Entertainment Corp. was established in 1937 and is headquartered in Las Vegas, Nevada. |
Buy | $30.7B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-02-20 |
Allcargo Logistics
Mumbai, India Allcargo Logistics is a private-sector logistics operator. Right from transporting your cargo across the globe with international supply chain and air freight solutions. Allcargo Logistics was founded in 1993 and is based in Mumbai, India. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1972 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Quilvest Capital Partners is the private equity investment arm of asset management firm Quilvest. Quilvest Capital Partners invests in private equity and debt funds as well as makes direct investments. The direct investment group looks for opportunities in the US, Europe, and 'opportunistically' in Asia with a preference for buyout, growth capital, and venture transactions. Quilvest Capital Partners will consider both minority and majority positions. Quilvest Capital Partners was established in 1972 and is based Paris.
| DEAL STATS | # |
|---|---|
| Overall | 54 of 98 |
| Sector (Distribution) | 2 of 4 |
| Type (Going Private) | 2 of 6 |
| State (Virginia) | 1 of 3 |
| Country (United States) | 20 of 43 |
| Year (2008) | 3 of 11 |
| Size (of disclosed) | 5 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-01-16 |
Pay-O-Matic
Syosset, New York, United States Pay-O-Maticis a check cashing and related financial services company that provides check changing services, prepaid administrations, an offer of cash orders, shopper charge installments and travel toll cards. Pay-O-Matic was founded in 1950 and is based in Syosset, New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-02-01 |
21st Century Oncology
Fort Myers, Florida, United States 21st Century Oncology is a provider of cancer care services across multiple modalities, the largest radiation oncology provider and one of the largest groups of urologists in the U.S. 21st Century Oncology was founded in 1983 and is based in Fort Myers, Florida. |
Buy | $1.1B |
