M&A Deal Summary |
|
|---|---|
| Date | 2018-07-30 |
| Target | Discovery Midstream |
| Sector | Energy Services and Equipment |
| Buyer(s) |
KKR
Williams |
| Sellers(s) | TPG |
| Deal Type | Secondary Buyout |
| Deal Value | 1.2B USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1976 |
| PE ASSETS | 510.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 280 of 428 |
| Sector (Energy Services and Equipment) | 9 of 11 |
| Type (Secondary Buyout) | 58 of 102 |
| State (Texas) | 17 of 23 |
| Country (United States) | 125 of 189 |
| Year (2018) | 23 of 35 |
| Size (of disclosed) | 63 of 94 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-07-26 |
Bay Clubs
San Francisco, California, United States Bay Clubs is an operator of luxury health, fitness, and athletic sports club resorts on the West Coast, serving over 50,000 members. Bay Clubs was founded in 1977 and is based in San Francisco, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-07-31 |
Five Star Group
Chennai, India Five Star Group is a non-bank finance company providing loans to nearly 40,000 customers. The company focuses on lending to the under-banked population, which typically lacks the financial records necessary to participate in the organized financial sector. Five Star Group was founded in 1984 and is headquartered in Chennai, India. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1908 |
| Sector | Energy Services and Equipment |
| Employees | 4,739 |
| Revenue | 10.6B USD (2021) |
Williams is a North American energy infrastructure company. It owns interests in or operates 15,000 miles of interstate gas pipelines, 1,000 miles of NGL transportation pipelines, and more than 10,000 miles of oil and gas gathering pipelines. Williams was formed in 1908 and is based in Tulsa, Oklahoma.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 10 |
| Sector (Energy Services and Equipment) | 2 of 4 |
| Type (Secondary Buyout) | 1 of 1 |
| State (Texas) | 2 of 4 |
| Country (United States) | 6 of 10 |
| Year (2018) | 1 of 2 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-02-02 |
Access Midstream Partners
Oklahoma City, Oklahoma, United States Access Midstream Partners is a natural gas services provider with operations focused on owning, operating, developing and acquiring midstream energy assets in the United States. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-08-10 |
Williams Partners
Tulsa, Oklahoma, United States Williams Partners LP is a provider of energy infrastructure services to connect North American natural gas and natural gas products to growing demand for cleaner fuel and feedstocks. Williams Partners was founded in 2005 and is based in Tulsa, Oklahoma. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 137.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.
| DEAL STATS | # |
|---|---|
| Overall | 181 of 245 |
| Sector (Energy Services and Equipment) | 3 of 4 |
| Type (Secondary Buyout) | 20 of 34 |
| State (Texas) | 19 of 24 |
| Country (United States) | 129 of 182 |
| Year (2018) | 14 of 22 |
| Size (of disclosed) | 36 of 71 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-07-30 |
Pathology Asia
Singapore, Singapore Pathology Asia is one of the largest diagnostic service providers in Southeast Asia with laboratories in Singapore, Malaysia, Vietnam, and Australia. Pathology Asia was founded in 2018 and is based in Singapore. |
Buy | AU$279M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-07-31 |
Eze Software
Boston, Massachusetts, United States Eze Castle Software LLC is a provider of investment management software solutions designed to optimize operational and investment alpha throughout the entire investment process. Eze Software provides the platform for growth for the entire investment management community, maximizing efficiencies across order management, trade execution & analytics, portfolio analytics & modeling, compliance & regulatory reporting, commission management, and portfolio & investor accounting. Eze Castle Software was formed in 1995 and is based in Boston, Massachusetts. |
Sell | $1.5B |
