M&A Deal Summary |
|
|---|---|
| Date | 2024-12-23 |
| Target | Lexmark International |
| Sector | Technology Hardware |
| Buyer(s) | Xerox |
| Sellers(s) |
PAG Capital Partners
Ninestar |
| Deal Type | Divestiture |
| Deal Value | 1.5B USD |
| Advisor(s) | Morgan Stanley (Financial) Dechert (Legal) |
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| Category | Company |
|---|---|
| Founded | 1906 |
| Sector | Business Services |
| Employees | 18,700 |
| Revenue | 6.9B USD (2023) |
Xerox is a provider of business process and document management services worldwide. Xerox was founded in 1906 and is based in Norwalk, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 50 of 50 |
| Sector (Technology Hardware) | 3 of 3 |
| Type (Divestiture) | 4 of 4 |
| State (Kentucky) | 1 of 1 |
| Country (United States) | 33 of 33 |
| Year (2024) | 2 of 2 |
| Size (of disclosed) | 2 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-10-17 |
ITsavvy
Addison, Illinois, United States ITsavvy is a technology solutions provider that delivers frictionless IT experiences to clients across multiple segments and industries. ITsavvy leverages the power of its partner ecosystem to design, develop and deliver technology infrastructure solutions that accelerate business outcomes on behalf of its clients. ITsavvy was founded in 2004 and is based in Addison, Illinois. |
Buy | $400M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2009 |
| Size | Small |
| Type | Sector Agnostic |
PAG Capital Partners LLC is an operationally oriented private investment firm focused on acquiring lower middle market companies throughout North America. PAG seeks companies with proven business models, sustainable free cash flows, growth opportunities (organic and acquisitions), and defensible market positions. The Firm generally looks for businesses with up to $75 million in revenue and at least $1 million in EBITDA. Areas of interest include consumer products, manufacturing, distribution, and business/consumer services. Types of transactions include leveraged acquisitions, recapitalizations and growth capital financings. PAG Capital Partners LLC is a subsidiary of The Peakstone Group. PAG Capital Partners LLC was formed in 2009 and is based in Chicago.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Technology Hardware) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Kentucky) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2024) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-06 |
Corporate Technology Solutions
Tempe, Arizona, United States Corporate Technology Solutions designs and installs advanced structured cabling systems for voice, data, video, and security networks in the healthcare, education, government, and commercial sectors. Corporate Technology Solutions was founded in 1998 and is based in Tempe, Arizona. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 2000 |
| Sector | Semiconductors |
| Employees | 21,997 |
| Revenue | 24.1B CNY (2023) |
Ninestar is a manufacturer and systematic solution provider for the global aftermarket imaging supplies channel. Ninestar offers inkjet/laserjet cartridge chips and cost-saving solutions for worldwide remanufacturers and distributors. Ninestar was founded in 2000 and is based in Zhuhai, China.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Technology Hardware) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Kentucky) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2024) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-19 |
Lexmark International
Lexington, Kentucky, United States Lexmark International is a manufacturer and supplier of printing, imaging, device management, managed print services (MPS), document workflow, and business process and content management solutions. Lexmark International was founded in 1990 and is based in Lexington, Kentucky. |
Buy | $4.0B |
