Market Intelligence Recent Deals Deal Flow

Total Page:16

File Type:pdf, Size:1020Kb

Market Intelligence Recent Deals Deal Flow 34 | BUYOUTS | May 14, 2018 www.buyoutsnews.com MARKET INTELLIGENCE The following charts reflect transactions involving U.S.-based financial sponsors. The categories include seeking buyers, announced deals, closed transactions. The source for the data is Thomson One, a product of Thomson Reuters Markets. Please contact Paul Centopani at [email protected] with questions or comments. DEAL FLOW Seeking Buyers–U.S. Targets (April 14, 2018 - April 29, 2018) MATERIALS Date Target Name Target City Target State Target Full Business Description Target Advisors Synopsis Announced 04/25/18 Martin Marietta - Maryland Beaver Creek aggregates quarry of - US - In April 2018, Martin Marietta Materials Materials-Quar Martin Marietta Materials Inc, located in Inc, a Raleigh-based limestone quarry Western Maryland. operator, announced that it was seeking a buyer for its Beaver Creek aggregates quarry. The transaction was a condition to the completion of the acquisition of Bluegrass Materials Co LLC by Martin Marietta. 04/25/18 Tronox Ltd Kwinana Foreign Tronox Ltd, headquartred in, Kwinana - US - In April 2018, Exxaro Resources Ltd, a Beach Beach, Australia, manufactures pigments. It unit of Main Street 333(Pty)Ltd, announced is engaged in the production and marketing that it was seeking a buyer for 28.729 mil of titanium bearing mineral sands and common shares, or a 24% minority stake titanium dioxide pigment. It also produces in Tronox Ltd, a Kwinana Beach- based natural soda ash. The Company was manufacturer of pigments. founded on September 21, 2011. RECENT DEALS Announced, Pending LBOs By U.S. Sponsors (April 14, 2018 - April 29, 2018) CONSUMER PRODUCTS AND SERVICES Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil) 04/23/18 Springs Window Mnfr drapery Springs Window AEA - US - Springs Window Fashions LLC SPV, a special purpose acquisition Fashions LLC hardware,blinds Fashions LLC SPV Investors LP vehicle owned by AEA Investors LP and the Canadian state-owned British Columbia Investment Management Corp, definitively agreed to acquire Springs Window Fashions LLC (Springs), a Middleton-based manufacturer of blinds and shades, from Golden Gate Capital Inc (Golden Gate), in a secondary buyout transaction. Originally, Golden Gate acquired Springs. 04/18/18 Triplefin LLC Pvd customer Triplefin LLC SPV Water St - US - Triplefin LLC SPV, jointly owned by JLL Partners Inc and Water Street care svcs Healthcare Healthcare Partners LLC, agreed to acquire Triplefin LLC, a Cincinnati-based Partners provider of business support services, from HD Smith Wholesale Drug Co Inc, ultimately owned by AmerisourceBergen Corp, in a leveraged buyout transaction. Terms were not disclosed. CONSUMER STAPLES Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil) 04/17/18 Hearthside Food Cookie and Hearthside Food Charlesbank - US - Hearthside Food Solutions LLC SPV, a special purpose acquisition Solutions LLC Cracker Solutions LLC SPV Capital vehicle formed by Charlesbank Capital Partners LLC and Partners Group Manufacturing Partners AG, agreed to acquire Hearthside Food Solutions LLC (Hearthside), a Downers Grove- based manufacturer of cookies and crackers, from Vestar Capital Partners Inc (Vestar) and Goldman Sachs Group Inc (Goldman), in a leveraged buyout transaction. Originally, In January 2018, Vestar and Goldman was rumored to be seeking a buyer for Hearthside. 04/24/18 Food Solutions Produce Investor Group Investor - Flash: US - An investor group, comprised of Charlesbank Capital Partners Group (Global milk,milk Group LLC and Partners Group AG planned to acquire Hearthside Food Solutions Dairy Co) products LLC, a Downers Grove-based manufacturer of cookies and crackers, from Vestar Capital Partners Inc and Goldman Sachs Group Inc. www.buyoutsnews.com May 14, 2018 | BUYOUTS | 35 MARKET INTELLIGENCE ENERGY AND POWER Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil) 04/17/18 Conti Solar LLC Alternative Ares EIF Ares - US - Ares EIF Management LLC, a unit of Ares Management LLC, planned Energy Sources Management LLC Management to acquire an undisclosed majority interest in Conti Solar LLC, an Edison- LP based alternative energy sources establishment, from The Conti Group, in a leveraged buyout transaction. Terms were not disclosed. 04/17/18 Fralock Corp Manufactures Arsenal Capital Arsenal - US - Arsenal Capital Partners LP planned to acquire an undisclosed power, Partners LP Capital majority interest in Fralock Corp, a Valencia- based manufacturer of power, distribution, Partners LP distribution and specialty transformers, in a leveraged buyout transaction. specialty transformers FINANCIALS Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil) 04/16/18 Tesco Personal Credit Card Avantcard DAC Apollo - IRELAND - Avantcard DAC, a unit of EVO Banco SA, planned to acquire irish Finance PLC- Issuing Global credit card portfolio of Tesco Personal Finance PLC, an Edinburgh- based Irish Credit Card Management insurance agency, ultimately owned by Tesco PLC. Portfolio LLC 04/25/18 Benefits Third Party Ascensus Inc Genstar - US - Ascensus Inc, jointly owned by Genstar Capital LLC and Aquiline Planning Administration Capital LLC Capital Partners LLC agreed to acquire Benefits Planning Consultants Inc, a Consultants Inc Of Insurance Champaign-based provider of insurance and pension funds administration and Pension services. Funds 04/29/18 Baidu Inc - Provide Investor Group Investor 1900.000 CHINA - An investor group, comprised of Taikang Insurance Group Inc, Financial Service financial Group The Carlyle Group LP, TPG Capital LP and ABC International Holdings Ltd, a Group services unit of Agricultural Bank of China Ltd, definitively agreed to acquire a 58% ownership interest in the financial service group of Baidu Inc, a Beijing- based web search portal, for an estimated CNY 12.032 bil (USD 1.9 bil). Originally in January 2018, Baidu announced that it was seeking a buyer for an undisclosed minority ownership interest in its financial service group. Terms were not disclosed but, according to people familiar with the source, the transaction was to be valued at CNY 12.8 bil (USD 2 bil). 04/19/18 Cadaret Grant & Independent Atria Wealth Lee Equity - US - Atria Wealth Solutions Inc, a unit of Lee Equity Partners LLC, agreed Co Inc broker, dealer Solutions Inc Partners LLC to acquire Cadaret Grant & Co Inc, a Syracuse-based independent broker- dealer. The transaction was to include Cadaret Grant Agency Inc and Capital Strategy Group Ltd. 04/23/18 Safeguard Investment Sierra Capital Maplewood - US - Sierra Capital Investments Lp, jointly owned by Maplewood Partners Scientifics Inc holding Investments Lp Partners LP LP and Horton Capital Partners LLC, agreed to acquire the remaining company 94.9% interest, which it did not already own, in Safeguard Scientifics Inc, a Radnor-based provider of financial investment services. HEALTHCARE Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil) 04/17/18 Zentiva NV Mnfr,whl Advent International Advent 2375.338 CZECH REPUBLIC - Advent International Corp (Advent) of the US planned pharmaceuticals Corp International to acquire Zentiva NV (Zentiva), a Prague-based manufacturer of Corp pharmaceutical preparation, from Sanofi SA (Sanofi), for CZK 48.453 bil (USD 2.375 bil) , in a leveraged buyout transaction. Originally, in January 2018, Sanofi was rumored to be seeking a buyer via auction for its Zentiva unit. Advent, BC Partners, Carlyle Group LP, Blackstone Group LP, Nordic Capital, EMS SA and Torrent Pharmaceuticals Ltd were named as rumored bidders. 04/28/18 Summit Specialty (Except Delphi Behavioral Halifax - flash: Behavioral Psychiatric Health Group LLC Group LLC Healthcare Llc and Substance Abuse) Hospitals 36 | BUYOUTS | May 14, 2018 www.buyoutsnews.com MARKET INTELLIGENCE HEALTHCARE Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil) 04/23/18 Curo Health Provides Curo Health Services Humana Inc 1400.000 US - Curo Health Services Inc SPV, a special purpose acquisition vehicle Services Inc medical and Inc SPV formed by TPG Capital LP (TPG), Humana Inc (Humana) and Welsh Carson health services Anderson & Stowe (Welsh), definitively agreed to acquire Curo Health Services Inc (Curo), a Mooresville- based provider of home health care services, from Thomas H Lee Partners LP, ultimately owned by Thomas H Lee Co, for an estimated USD 1.4 bil in cash, in a secondary buyout transaction. Upon completion, Humana was to own 40% stake in Curo. Originally, Thomas H Lee Partners LP acquired Curo. 04/18/18 Cadence Inc Manufactures Kohlberg & Co LLC Kohlberg & - US - Kohlberg & Co LLC definitively agreed to acquire Cadence Inc, a and Co LLC Staunton-based manufacturer of surgical appliance and supplies, in a wholesales leveraged buyout transaction. surgical and medical equipment and supplies 04/21/18 Sound Inpatient Hmo Medical Sound Inpatient Summit 2150.000 US - Sound Inpatient Physicians Inc SPV, led by Summit Partners LP, agreed Physicians
Recommended publications
  • UNITED STATES SECURITIES and EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A (Amendment No. 1) ANNUAL REPORT UNDER SE
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A (Amendment No. 1) ☒ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: February 29, 2020 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38402 MONAKER GROUP, INC. (Exact name of registrant as specified in its charter) Nevada 26-3509845 (State or other jurisdiction of (I.R.S. employer incorporation or formation) identification number) 2893 Executive Park Drive Suite 201 Weston, Florida 33331 (Address of principal executive offices) (954) 888-9779 (Registrant’s telephone number) Securities registered under Section 12(b) of the Exchange Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, MKGI The NASDAQ Stock Market LLC $0.00001 (Nasdaq Capital Market) Par Value Per Share Securities registered under Section 12(g) of the Exchange Act: None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. ☐ Yes ☒ No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. ☐ Yes ☒ No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Funds Raised in Q2 2016
    www.buyoutsnews.com July 11, 2016 | BUYOUTS | 59 FUNDS RAISED IN Q2 2016 The following list represents funds raised by U.S.-based LBO and mezzanine firms in 2016. The list is compiled by Buyouts’ staff from a variety of sources, including news reports, press releases, Securities and Exchange Commission filings, and conversations with general and limited partners. Buyouts attempted to contact firms on the list. The amounts below are the most current figures we could obtain at press time. Funds in black are closed. Funds in red remain open, to our knowledge. If you have any questions or comments about this list, please send them to Paul Centopani, at [email protected]. Sponsor Name of Fund Fund Type Amount Amount Target ($M) Placement Agent Legal Counsel Raised Raised- in 2015 to-Date ($M) ($M) Aberdeen Asset Aberdeen Energy & Resources Acquisitions/Buyouts (Industry 225 Management Partners IV, L.P. Focus: Energy/Power) ACON Investments ACON Equity Partners IV, L.P. Acquisitions/Buyouts 578.2 1,070 Evercore Advent International Advent Global Private Equity VIII Acquisitions/Buyouts 12,100.0 13,000.0 12,000 AE Industrial Partners AE Industrials Partners Fund I, L.P. Growth Equity (Industry Focus: 680.0 680.0 600 Eaton Partners Gibson Dunn & Industrials) (Debut Fund) Crutcher LLP Alliance Consumer Alliance Consumer Growth Fund Growth Equity (Industry Focus: 210.8 210.8 Kramer Levin Growth III LP Consumer Products/Services) Naftalis & Frankel Altaris Capital Partners Altaris Health Partners III LP Acquisitions/Buyouts 425 Alvarez
    [Show full text]
  • Investment Reporting Package
    You are Viewing an Archived Copy from the New Jersey State Library DIVISION OF INVESTME NT INVESTMENT REPORTING PACKAGE AUGUST 2011 Actual Allocation vs FY 2012 Investment Plan Target (1) 8/31/2011 Actual Allocation % Target % Difference% Allocation$ Absolute Return Hedge Funds(3) & Hedges 0.6% 2.0% -1.4% 438.05 Total Capital Preservation 0.6% 2.0% -1.4% 438.05 Cash Equivalents (4) 3.1% 2.0% 1.1% 2,181.43 US Treasuries 4.5% 2.5% 2.0% 3,154.00 Total Liquidity 7.6% 4.5% 3.1% 5,335.43 Investment Grade Credit 22.6% 20.0% 2.6% 15,925.03 High Yield Fixed Income 2.6% 2.5% 0.1% 1,867.51 Credit Orient Hedge Funds (3) You are Viewing2.1% an Archived Copy3.0% from the New -0.9%Jersey State Library1,447.92 Debt Related Private Equity (2) 1.2% 1.5% -0.3% 874.20 Total Income 28.5% 27.0% 1.5% 20,114.66 Commodities and Other Real Assets (2) 2.2% 4.0% -1.8% 1,537.11 TIPS 2.2% 3.5% -1.3% 1,577.55 Real Estate 4.0% 5.0% -1.0% 2,819.65 Total Real Return 8.4% 12.5% -4.1% 5,934.31 US Equity 24.5% 23.5% 1.0% 17,287.30 Non-US Developed Markets Equity 14.6% 15.0% -0.4% 10,319.24 Emerging Markets Equity 4.7% 5.0% -0.3% 3,302.22 Equity Oriented Hedge Funds (3) 3.1% 5.0% -1.9% 2,155.40 Buyouts/Venture Capital(2) 6.4% 5.5% 0.9% 4,486.14 Total Global Growth 53.2% 54.0% -0.8% 37,550.30 Police and Fire Mortgage Program (2, 5) 1.6% 0.0% 1.6% 1,135.64 Other Cash and Receivables 0.1% 0.0% 0.1% 85.24 Total Pension Fund 100.0% 100.0% 0.0% 70,593.63 (1) Figures are unaudited and are subject to change (2) Reflects the most recent market values available (3) Values as of July
    [Show full text]
  • NB Private Equity Partners: Overview Presentation
    NB Private Equity Partners: Overview Presentation Financial Information as of 30 September 2019, Unless Otherwise Noted November 2019 Why Invest in NBPE? Key Investment Merits Access to a portfolio of direct private equity investments, sourced from over 55 distinct private equity firms; diversified private company exposure without single GP risk Sourcing and execution through Neuberger Berman’s ~$80 billion private equity business Strong Historic Performance Capital appreciation from equity investments and income through dividend No second layer of management fees or carried interest on vast majority of direct investments, offering significant fee efficiency vs listed fund of funds vehicles1 1. Approximately 98% of the direct investment portfolio (measured on 30 September 2019 fair value) is on a no management fee, no carry basis to underlying third-party GPs. Key Information Document is available on NBPE’s website. NB PRIVATE EQUITY PARTNERS INVESTOR UPDATE 2 NBPE Position in the Listed Private Equity Landscape NBPE is focused on direct investments, invested alongside over 55 private equity sponsors Hyper Diversified Fund of Funds • Primary & Secondary, some co-investment NB Private Equity Partners exposure • Dual fee layer • Multi-Sponsor Exposure • Need to over-commit or • Single layer of fees on majority of 1 suffer cash drag direct investments Direct Focus, Single GP • Single GP Concentration Concentrated • Single fee layer at vehicle level, carry typically higher than NBPE Lower Higher Fee Efficiency Note: as of 30 September 2019. The above graphic is intended to be a representation of the funds’ investment strategy of direct vs fund investments and investments into third-party or funds managed by an affiliated investment manager of the listed company.
    [Show full text]
  • The Rise of Latham & Watkins
    The M&A journal - Volume 7, Number 5 The Rise of Latham & Watkins In 2006, Latham & Watkins came in fifth in terms of deal value.” the U.S. for deal value in Thompson Financial’s Mr. Nathan sees the U.S. market as crucial. league tables and took second place for the num- “This is a big part of our global position,” he says, ber of deals. “Seven years before that,” says the and it is the Achilles’ heel of some of the firm’s firm’s Charles Nathan, global co-chair of the main competitors. “The magic circle—as they firm’s Mergers and Acquisitions Group, “we dub themselves—Allen & Overy, Freshfields, weren’t even in the top twenty.” Latham also Linklaters, Clifford Chance and Slaughters— came in fourth place for worldwide announced have very high European M&A rankings and deals with $470.103 million worth of transactions, global rankings, but none has a meaningful M&A and sixth place for worldwide completed deals presence in the U.S.,” Mr. Nathan says. Slaughter Charles Nathan worth $364.051 million. & May, he notes, has no offices abroad. What is behind the rise of Latham & Watkins Similarly, in the U.S., Mr. Nathan says that his in the world of M&A? firm has a much larger footprint than its domestic “If you look back to the late nineties,” Mr. rivals. “Unlike all the other major M&A firms,” Nathan says, “Latham was not well-recognized he says, “we have true national representation. as an M&A firm. We had no persona in M&A.
    [Show full text]
  • Overview Presentation Financial Information As of 31 August 2019, Unless Otherwise Noted October 2019 Why Invest in NBPE? Key Investment Merits
    NB Private Equity Partners: Overview Presentation Financial Information as of 31 August 2019, Unless Otherwise Noted October 2019 Why Invest in NBPE? Key Investment Merits Access to a portfolio of direct private equity investments, sourced from over 55 distinct private equity firms; diversified private company exposure without single GP risk Sourcing and execution through Neuberger Berman’s $74 billion private equity business Strong Historic Performance: 13.0% YTD IRR on direct equity investments; total portfolio 11.5% YTD IRR. Three year direct equity investments gross IRR of 18.6%; three year total portfolio gross IRR of 15.1% Capital appreciation from equity investments and income through dividend No second layer of management fees or carried interest on vast majority of direct investments, offering significant fee efficiency vs listed fund of funds vehicles1 1. Approximately 98% of the direct investment portfolio (measured on 31 August 2019 fair value) is on a no management fee, no carry basis to underlying third-party GPs. Key Information Document is available on NBPE’s website. NB PRIVATE EQUITY PARTNERS INVESTOR UPDATE 2 NBPE Position in the Listed Private Equity Landscape NBPE is focused on direct investments, invested alongside over 55 private equity sponsors Hyper Diversified Fund of Funds • Primary & Secondary, some co-investment NB Private Equity Partners exposure • Dual fee layer • Multi-Sponsor Exposure • Need to over-commit or • Single layer of fees on majority of 1 suffer cash drag direct investments Direct Focus, Single GP • Single GP Concentration Concentrated • Single fee layer at vehicle level, carry typically higher than NBPE Lower Higher Fee Efficiency Note: as of 31 August 2019.
    [Show full text]
  • Private Equity Newsletter Quarterly Special | Edition 1+2/2021 Dear Friends
    PRIVATE EQUITY Newsletter QUARTERLY SPECIAL | EDITION 1+2/2021 SIGNED DEALS for 2020 and Q1/2021 within the German-speaking region EUROPEAN PE MARKET Interview with Senior Partner Christof Huth and Principal Dr Thorsten Groth as well as digital expert Dr Ulrich Kleipaß MOST RECENT STUDIES by Roland Berger Private Equity Newsletter Quarterly Special | Edition 1+2/2021 Dear Friends, Christof Huth dear Clients, What a start to the year! The first quarter of 2021 has broken almost every record so far. This edition of the Newsletter provides an overview of the tremendous deal flow in the first quarter of 2021 in com- parison to last year and examines various developments influencing the PE market. Additionally, it offers an overview of recent Roland Berger studies. Dr Sascha Haghani The 2020 PE year (197 transactions) saw lower deal activity overall than 2019 (253 transactions), driv- en by declines in the first half of 2020 in particular. In the second half of 2020, there was a quick recovery in PE-related deal-making in German-speaking Europe, which continues into 2021 so far. With 90 deals, Q1 of 2021 not only surpassed the already strong Q3 of 2020 but represents the strongest quarter in the long history of the PE Newsletter. Economically, the dominant topic for 2020 was COVID-19 and its impact on deal-making, on portfo- Sven Kleindienst lio companies and on daily life. By now the PE industry has become used to successfully dealing with COVID-19-related restrictions during deal-making and is focused on companies’ development outlook beyond COVID-19.
    [Show full text]
  • NB Private Equity Partners Investor Presentation November 2020 THIS PRESENTATION CONTAINS FORWARD LOOKING STATEMENTS
    NB Private Equity Partners Investor Presentation November 2020 THIS PRESENTATION CONTAINS FORWARD LOOKING STATEMENTS THIS PRESENTATION HAS BEEN CREATED WITH THE BEST AVAILABLE INFORMATION AT THIS TIME. INFORMATION FLOW IN THE PRIVATE EQUITY ASSET CLASS OFTEN LAGS FOR SEVERAL MONTHS. THE PRESENTATION CONTAINS A LARGE AMOUNT OF FORWARD LOOKING STATEMENTS, PROJECTIONS AND PRO FORMA INFORMATION BASED UPON THAT AVAILABLE INFORMATION. THERE CAN BE NO ASSURANCE THAT THOSE STATEMENTS, PROJECTIONS AND PRO FORMA NUMBERS WILL BE CORRECT; ALL OF THEM ARE SUBJECT TO CHANGE AS THE UNDERLYING INFORMATION DEVELOPS. THE INFORMATION IN THIS PRESENTATION IS PRIMARILY BASED ON THE 31 AUGUST 2020 MONTHLY ESTIMATE IN WHICH 86% OF THE PRIVATE EQUITY FAIR VALUE IS BASED ON 30 JUNE 2020 PRIVATE VALUATION INFORMATION, AND 14% IS BASED ON 31 AUGUST 2020 VALUATION INFORMATION (6% IN PUBLIC SECURITIES AND 8% IN ROLLED FORWARD DEBT POSITIONS). THE 30 SEPTEMBER 2020 NBPE ESTIMATED MONTHLY NAV UPDATE WHICH WAS PUBLISHED ON 15 OCTOBER 2020 CONTAINED ONLY 14% OF VALUATION INFORMATION AS OF Q3 2020. AS A RESULT THE SEPTEMBER MONTHLY NAV UPDATE IS NOT DIRECTLY COMPARABLE TO PRIOR YEAR FIGURES WHICH HAVE BEEN UPDATED WITH FULL QUARTERLY INFORMATION. THE MAJORITY OF THIS PRESENTATION REMAINS BASED ON 31 AUGUST 2020 VALUATIONS. 2 NB Private Markets Overview An Industry Leader With An Attractive Track Record • 30+ years as a private market investor Co-investments $19 bn(1) Primaries $26 bn(1) • Committed ~$10 billion annually to private markets over the past 3 years Over $90 Secondaries • Unique position in the private market (1) Billion $12 bn ecosystem • A recognized private equity manager within Direct Private Credit the industry $6 bn Direct Specialty Strategies $7 bn GP Manager Stakes $22 bn _______________________ Note: As of June 30, 2020.
    [Show full text]
  • 2018 Financial Services Industry Review
    NEW YORK 535 Madison Avenue, 19th Floor New York, NY 10022 +1 212 207 1000 SAN FRANCISCO One Market Street, Spear Tower, Suite 3600 San Francisco, CA 94105 +1 415 293 8426 DENVER 999 Eighteenth Street, Suite 3000 Denver, CO 80202 +1 303 893 2899 MEMBER, FINRA / SIPC SYDNEY Level 18, 1 Castlereagh Street Sydney, NSW, 2000 +61 283 200 841 BERKSHIRE CAPITAL SECURITIES LLC (ARBN 146 206 859) IS A LIMITED LIABILITY COMPANY INCORPORATED IN THE UNITED STATES AND REGISTERED AS A FOREIGN COMPANY IN AUSTRALIA UNDER THE CORPORATIONS ACT 2001. BERKSHIRE CAPITAL IS EXEMPT FROM THE REQUIREMENTS TO HOLD AN AUSTRALIAN FINANCIAL SERVICES LICENCE UNDER THE AUSTRALIAN CORPORATIONS ACT IN RESPECT OF THE FINANCIAL SERVICES IT PROVIDES. BERKSHIRE CAPITAL IS REGULATED BY THE SEC UNDER US LAWS, WHICH DIFFER FROM AUSTRALIAN LAWS. LONDON 11 Haymarket, 2nd Floor London, SW1Y 4BP United Kingdom +44 20 7828 2828 BERKSHIRE CAPITAL SECURITIES LIMITED IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (REGISTRATION NUMBER 188637). 2018 FINANCIAL SERVICES INDUSTRY REVIEW www.berkcap.com CONTENTS ABOUT BERKSHIRE CAPITAL 1. Introduction: 2017 Market Overview Berkshire Capital is an independent employee-owned investment bank specializing in M&A in the financial services sector. With more completed transactions in the asset management 2. Investment Management and securities space than any other investment bank, we help clients find successful, long- a. Traditional Investment Management lasting partnerships. b. Wealth Management Founded in 1983, Berkshire Capital is headquartered in New York with partners located in London, Sydney, San Francisco, Denver and Philadelphia. Our partners have been with the c.
    [Show full text]
  • Investor Profile Report FOUR SEASONS HOTEL, LAS VEGAS
    Investor Profile Report PRESENTED BY FOUR SEASONS HOTEL, LAS VEGAS February 17-19 American Capital Special Situations 2 Monroe Capital 24 Aterian Investment Partners 3 New State Capital Partners 25 Atlas Holdings 4 Peak Rock Capital 26 Balmoral Funds 5 Prophet Equity 27 Blue Wolf Capital 6 Prudential Capital Partners 28 CapitalSource 7 Renovo Capital 29 CenterGate Capital 8 Resilience Capital Partners 30 Charlesbank Capital Partners 9 Skyview Capital 31 Comvest Partners 10 Summit Investment Management 32 Crystal Financial 11 Superior Capital Partners 33 DW Partners 12 The Anderson Group 34 Enhanced Capital 13 The Gores Group 35 Excelsior Capital Partners 14 TPG Special Situations Partners 36 Garrison Investment Group 15 Turnspire Capital Partners 37 H.I.G. WhiteHorse 16 Versa Capital Management 38 Harren Equity Partners 17 Victory Park Capital 39 Highland Capital Management 18 White Oak Global Advisors 40 Insight Equity 19 Wingate Partners 41 JLL Partners 20 Wynnchurch Capital 42 Lantern Asset Management 21 LBC Credit Partners 22 Maven Court Partners 23 American Capital Investor type: PE/Buyout | Year founded: 1986 American Capital is a private equity firm specializing in Contact Primary contact management buyouts, employee buyouts, 2 Bethesda Metro Center Andrew Flesch recapitalizations and acquisitions, as well as in 14th Floor Principal, Special Situations Group providing mezzanine, senior debt and subordinated Bethesda, MD 20814 [email protected] +1 (301) 841-1491 debt financing for buyouts led by private equity firms.
    [Show full text]
  • Ft Northamerica Innovativelawyers 2014
    DECEMBER 4 2014 FT NORTH AMERICA INNOVATIVE LAWYERS 2014 www.ft.com/innovative-lawyers-north-america RESEARCH PARTNER SUPPORTED BY FINANCIAL TIMES Thursday 4 December 2014 FTReports | 3 North America Innovative Lawyers 2014 Changeisextendingscopeandimpact Welcome to the Financial Times North These reports and rankings are interviewed and sought feedback from nearly The 2014 report shows fascinating signs of America Innovative Lawyers report for 2014. meticulously researched. Law firms and 440 clients, experts and lawyers. structural change as firms move to embrace We started publishing the unique ranking of in-house legal teams submit entries The picture that has emerged is of a big data, new technology and the potential for US law firms four years ago. Now, for the first highlighting their most innovative work, then profession in transition. The information radical efficiencies, while engaging in time, we have broadened the report’s scope to our research partner, RSG Consulting, revolution is changing the world. There are intensive debate about how to add value for include Canada and Mexico, reflecting the conducts extensive assessments and new applications of technology, such as clients. important role these economies play in global interviews in order to apply a bespoke driverless cars, new assaults on data security The stakes are high. What is on offer to business. methodology that produces the rankings. and privacy, and new forms of partnership. firms that change through innovation is the The FT series of Innovative Lawyers This year saw greater engagement than The law has yet to catch up with many of chance to be in the vanguard of a reports is also extending its global reach.
    [Show full text]
  • Private Equity Investment in the Landscape Industry February 2016 PRIVATE EQUITY INVESTMENT in the LANDSCAPE INDUSTRY
    Private Equity Investment in the Landscape Industry February 2016 PRIVATE EQUITY INVESTMENT IN THE LANDSCAPE INDUSTRY PRIVATE EQUITY INVESTMENT IN THE LANDSCAPE INDUSTRY Index To our clients and friends ........................................................................... 2 Private Equity Investment in the Landscape Industry ................... 3 A Survey of Private Equity Investment ................................................. 4 Recent Transactions ...................................................................................... 4 International Activity .................................................................................... 5 Transaction Structures ................................................................................. 5 Valuation Trends ............................................................................................. 6 How Private Equity Approaches Business Development .............. 6 Typical Targets ................................................................................................ 7 Conclusion .......................................................................................................... 8 Table 1 – Private Equity Investment in the Landscape Industry and Related .......................................................................... 9 Table 2 – Private Equity Investment in the Landscape Industry and Related – Exits ........................................................ 11 Private Equity Terminology ...................................................................
    [Show full text]