Veronis Suhler Stevenson Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Veronis Suhler Stevenson has acquired 4 companies. It has also invested in 7 others.

Veronis Suhler Stevenson’s most common sectors for investment are media (22%) and business services (20%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (60%) and growth capital (18%). In total, Veronis Suhler Stevenson has invested in 26 US states and 9 different countries. Its largest (disclosed) acquisition occurred in 2007 when it acquired Advanstar Communications for $1.1B.

In the last 3 years, Veronis Suhler Stevenson has exited 4 companies. The Firm’s most common exit type is trade sale (38%). Veronis Suhler Stevenson’s largest (disclosed) exit occurred in 2005 when it sold Yellow Brick Road Group Pty for $1.8B.

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M&A Summary

  • M&A Total Activity139
    • M&A Buy Activity89
    • M&A Sell Activity50
  • Total Sectors Invested 18
  • Total Countries Invested 9
  • M&A Buy/Sell Connections 42
  • M&A Advisors 6

Veronis Suhler Stevenson (VSS)

Park Avenue Plaza, 55 East 52nd Street, 33rd Floor,
New York, New York 10055
United States
(212) 935-4990
www.vss.com
stevensonj@vss.com

Veronis Suhler Stevenson (VSS) is a private equity firm that targets investments in the media, communications, education, and information services sectors. VSS looks for opportunities with valuable brand franchises, stable cash flows, and infrastructure to support add-ons. The Firm will consider businesses throughout North America and Europe valued between $50 and $750 million. Prospective investment situations include management buyouts/buy-ins, expansion or acquisition financings, recapitalizations, build-ups, going private transactions, and partnerships. Veronis Suhler Stevenson was formed in 1987 and is based in New York City.


Investment Criteria

Sectors of Interest: Business Services, Communications, Consumer Products, Consumer Services, Digital Media, Education, Electrical Equipment, Financial Services, Healthcare Services, Information Technology, Marketing, Media, Publishing, Software, Staffing

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Going Private, Growth Capital, Recapitalization, Add-on Acquisition

Geographic Preferences: East US, Midwest US, South US, West US, Canada, Western Europe, Eastern Europe

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 5 25
Investment Size 10 50
Enterprise Value 50 750
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (2.6/yr) # 76 2 3 4 4 - 89
vol $1.6B $1.6B
Sell (1.6/yr) # 42 4 3 - - 1 50
vol $5.5B $5.5B
  139

Most Recent M&A

Company Date Value Type
Connexion Point LLC 2021-01-12 - Add-on Acquisition
Sandy, Utah · www.connexionpoint.com
Really Great Reading LLC 2020-07-10 - Growth Capital
Cabin John, Maryland · www.reallygreatreading.com
BRC Recovery Family of Programs 2020-04-09 - Growth Capital
Manor, Texas · www.brc-healthcare.com
Ascent Behavioral Health 2020-02-19 - Growth Capital
Salt Lake City, Utah
Podiatry Growth Partners (PGP) 2020-01-01 - Buyout (LBO, MBO, MBI)
St Louis, Missouri · www.podiatry-partners.com
Endo 1 Partners 2019-12-10 - Recapitalization
Novato, California · www.endo1partners.com
Endo1 Partners LLC 2019-12-10 - Recapitalization
Novato, California · www.endo1partners.com
Powerhouse Retail Services 2019-10-15 - Growth Capital
Crowley, Texas · www.powerhousenow.com
Quatrro Business Support Services 2019-10-07 - Secondary Buyout
Marietta, Georgia · www.quatrrobss.com
GreenSlate LLC 2018-10-22 - Stake Purchase
New York, New York · www.gslate.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Access Intelligence LLC 2004-01-23 Fenix Media Ltd. 2020-02-06 14
Rockville, Maryland · www.accessintel.com London, United Kingdom · www.pulsarplatform.com
Ebiquity Plc 2004-05-26 Ebiquity Plc - AdIntel Unit 2018-02-13 1
London, United Kingdom · www.ebiquity.com London, United Kingdom
MetSchools, Inc. 2010-03-01 Rebecca School 2018-01-25 2
New York, New York · www.metschools.com New York, New York · www.rebeccaschool.org
MetSchools, Inc. 2010-03-01 Aaron School 2018-01-25 1
New York, New York · www.metschools.com New York, New York · www.aaronschool.org
Acrisure LLC 2017-01-10 Beach & Associates Ltd. 2018-01-10 2
Caledonia, Michigan · www.acrisure.com Toronto, Ontario · www.beachgp.com
Acrisure LLC 2017-01-10 Northrim Benefits Group LLC 2017-08-14 1
Caledonia, Michigan · www.acrisure.com Anchorage, Arkansas · www.northrimbenefits.com
Access Intelligence LLC 2004-01-23 The Social Shake-Up 2016-07-12 13
Rockville, Maryland · www.accessintel.com , United States · www.socialshakeupshow.com
Cannella Response Television LLC 2009-06-16 Media Properties Holdings, Inc. (dba MPH) 2016-02-04 1
Burlington, Wisconsin · www.drtv.com New York, New York · www.mph.tv
Access Intelligence LLC 2004-01-23 Contexo Media LLC 2013-08-28 2
Rockville, Maryland · www.accessintel.com Sandy, Utah · www.contexomedia.com
Access Intelligence LLC 2004-01-23 Red 7 Media, Inc. 2011-02-22 12
Rockville, Maryland · www.accessintel.com Norwalk, Connecticut · www.red7media.com

M&A by Sector

Sector Current # Value All-time # Value
Media 5 (19%) - 19 (21%) 1.3B (84%)
Business Services 4 (15%) - 17 (19%) -
Publishing 1 (4%) - 10 (11%) -
Internet Software and Services 3 (11%) - 6 (7%) -
Software - - 6 (7%) -
Communications 1 (4%) - 5 (6%) -
Education 2 (7%) - 4 (4%) -
Information Technology 2 (7%) - 4 (4%) -
Healthcare Services 3 (11%) - 3 (3%) -
Information Services - - 3 (3%) -
Marketing - - 2 (2%) 227M (14%)
Consumer Services 2 (7%) 30M (100%) 2 (2%) 30M (2%)
Digital Media 1 (4%) - 2 (2%) -
Financial Services 2 (7%) - 2 (2%) -
Aerospace - - 1 (1%) -
Consumer Products - - 1 (1%) -
Insurance 1 (4%) - 1 (1%) -
Staffing - - 1 (1%) -
Total 27 $30M 89 $1.6B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 23 (85%) 30M (100%) 70 (79%) 1.4B (88%)
  New York 4 (15%) - 13 (15%) 42M (3%)
  California 4 (15%) - 8 (9%) 1.1B (72%)
  Texas 3 (11%) - 5 (6%) -
  Illinois - - 5 (6%) -
  Missouri 2 (7%) - 4 (4%) -
  Georgia 1 (4%) - 4 (4%) -
  Florida 1 (4%) - 3 (3%) -
  Utah 1 (4%) - 3 (3%) -
  Pennsylvania - - 3 (3%) -
  Michigan 2 (7%) - 2 (2%) -
  Maryland 2 (7%) - 2 (2%) -
  Delaware - - 2 (2%) -
  Connecticut - - 2 (2%) -
  Louisiana 1 (4%) 30M (100%) 1 (1%) 30M (2%)
  Wisconsin 1 (4%) - 1 (1%) -
  Massachusetts 1 (4%) - 1 (1%) -
  New Jersey - - 1 (1%) 185M (12%)
  District of Columbia - - 1 (1%) -
  Arizona - - 1 (1%) -
  Alabama - - 1 (1%) -
  Washington - - 1 (1%) -
  Virginia - - 1 (1%) -
  Nebraska - - 1 (1%) -
  Minnesota - - 1 (1%) -
  Kentucky - - 1 (1%) -
  Kansas - - 1 (1%) -
United Kingdom 1 (4%) - 9 (10%) 185M (12%)
Spain 2 (7%) - 2 (2%) -
Netherlands 1 (4%) - 2 (2%) -
Germany - - 2 (2%) -
Canada - - 1 (1%) -
  Ontario - - 1 (1%) -
Australia - - 1 (1%) -
Finland - - 1 (1%) -
Ireland - - 1 (1%) -
Domestic 23 (85%) 30M (100%) 70 (79%) 1.4B (88%)
Cross-border 4 (15%) - 19 (21%) 185M (12%)
Total 27 $30M 89 $1.6B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 12 (44%) 30M (100%) 53 (60%) 72M (5%)
Growth Capital 9 (33%) - 16 (18%) -
Secondary Buyout 2 (7%) - 11 (12%) 1.5B (95%)
Recapitalization 2 (7%) - 3 (3%) -
Consolidation 1 (4%) - 2 (2%) -
Divestiture - - 1 (1%) -
PIPE - - 1 (1%) -
Stake Purchase 1 (4%) - 1 (1%) -
Venture - - 1 (1%) -
Total 27 $30M 89 $1.6B

Exits by Deal Type

Type Total # Value
Secondary Sale 19 (38%) 3.4B (62%)
Trade Sale 19 (38%) 154M (3%)
Trade Sale - Public Company 8 (16%) 1.9B (35%)
IPO 1 (2%) -
Merger 1 (2%) -
Shut Down 1 (2%) -
Sold to Management 1 (2%) -
Total 50 $5.5B

Top M&A Advisors

Financial Deals
Morgan Stanley
 1
Jefferies LLC
 1
Legal Deals
Proskauer Rose LLP
 2
Kirkland & Ellis LLP
 1
Lowenstein Sandler LLP
 1

Deal Values

buy # Total
> $1B 1 $1.1B
$100M to $1B 2 $370M
< $100M 2 $72M
TOTAL $1.6B
Largest Advanstar Communications, Inc.
$1.1B (2007-03-29)
sell # Total
> $1B 1 $1.8B
$100M to $1B 8 $3.6B
TOTAL $5.5B
Largest Yellow Brick Road Group Pty Ltd.
$1.8B (2005-07-01)

M&A Connections

Deals
Acquired from
Investor(s)
12%
11 (12%)
Strategic(s)
1%
1 (1%)
Exited to
Investor(s)
36%
18 (36%)
Strategic(s)
38%
19 (38%)

Investor Summary

Size

Large

PE Assets

3.0B USD

Established

1981

Specialist/Generalist

Generalist

Leadership

Jeffrey Stevenson

Managing Partner

David Bainbridge

Managing Director

Lacey Mehran

Managing Director

Patrick Turner

Managing Director

R. Trent Hickman

Managing Director

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