M&A Deal Summary |
|
|---|---|
| Date | 2010-08-26 |
| Target | Sterling Financial |
| Sector | Financial Services |
| Buyer(s) |
Warburg Pincus
Thomas H. Lee Partners |
| Sellers(s) | PNC |
| Deal Type | Recapitalization |
| Deal Value | 730M USD |
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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 | 170 of 475 |
| Sector (Financial Services) | 10 of 46 |
| Type (Recapitalization) | 2 of 7 |
| State (Pennsylvania) | 3 of 9 |
| Country (United States) | 94 of 234 |
| Year (2010) | 19 of 32 |
| Size (of disclosed) | 20 of 47 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-08-02 |
SCM Insurance Services
Edmonton, Alberta, Canada SCM Insurance Services is a provider of claims adjusting, third-party adjusting (TPA), risk management, investigative, surveillance, risk mitigation, medical services, forensic engineering services, and risk intelligence. SCM Insurance Services was formed in 1986 and is based in Edmonton, Alberta. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-09-07 |
Cortview Capital Securities
Richmond, Virginia, United States Cortview Capital Securities LLC (“CCS”) is a fixed-income focused broker-dealer, based in Richmond, VA, with offices in New York, Charlotte, NC and Boca Raton, FL, dedicated to providing superior, regionally-focused sales, trading, origination, securitization and advisory services to a national, middle-markets client base. CCS is a wholly-owned subsidiary of Cortview Capital Holdings, Inc., which is a portfolio company of Warburg Pincus. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1974 |
| PE ASSETS | 25.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Thomas H. Lee Partners, LP (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. Thomas H. Lee Partners, LP was formed in 1974 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 36 of 83 |
| Sector (Financial Services) | 3 of 6 |
| Type (Recapitalization) | 3 of 11 |
| State (Pennsylvania) | 4 of 7 |
| Country (United States) | 28 of 71 |
| Year (2010) | 4 of 5 |
| Size (of disclosed) | 24 of 27 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-08-04 |
inVentiv Health
Burlington, Massachusetts, United States inVentiv Health, Inc. is a provider of best-in-class clinical, commercial and consulting services to companies seeking to accelerate performance. inVentiv offers convergent services that deliver extraordinary outcomes to clients whose goal is improving human life. |
Buy | $1.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-10-30 |
Systems Maintenance Services
Charlotte, North Carolina, United States Systems Maintenance Services is a global provider of multivendor IT asset lifecycle services and support solutions. SMS’ advanced service portfolio includes: asset management, deployment, relocation, disposition, recycling, erasure, maintenance, and managed network and VOIP services. SMS supports more than 3,000 clients globally with physical locations across North America, Asia and Europe. SMS’ solutions include support for most datacenter brands including Cisco, IBM, HP, Dell, Oracle, EMC, Hitachi, NetApp, Lexmark and Xerox. Systems Maintenance Services was founded in 1981 and is based in Charlotte, North Carolina. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1852 |
| Sector | Financial Services |
| Employees | 49,549 |
| Revenue | 19.1B USD (2021) |
PNC is a diversified financial services organizations providing consumer and business banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services. PNC was formed in 1922 and is based in Pittsburgh, Pennsylvania. PNC was founded in 1852 and is based in Pittsburgh, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 5 |
| Sector (Financial Services) | 3 of 5 |
| Type (Recapitalization) | 1 of 1 |
| State (Pennsylvania) | 1 of 3 |
| Country (United States) | 3 of 5 |
| Year (2010) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-07-01 |
Albridge
Pennington, New Jersey, United States Albridge is a provider of data management and financial technology solutions for financial services companies. Using patent-pending, state-of-the-art technology, Albridge Solutions collects, cleanses, and normalizes the transaction and position-level securities data it receives from settlement and clearing firms, data custodians, product companies as well as internal proprietary systems. Albridge was founded in 1999 and is based in Pennington, New Jersey. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-06-20 |
RBC Bank
Raleigh, North Carolina, United States RBC Bank (USA), Inc. is a provider of financial services and advice to individuals, businesses, and public institutions in the Southeast. |
Buy | $3.5B |
