M&A Deal Summary |
|
|---|---|
| Date | 2011-06-29 |
| Target | BJ s |
| Sector | Retail |
| Buyer(s) |
CVC Capital Partners
Charlesbank Capital Partners Leonard Green & Partners |
| Deal Type | Going Private |
| Deal Value | 2.8B USD |
| Advisor(s) | Morgan Stanley (Financial) Wilmer Cutler Pickering Hale and Dorr LLP (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 82.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €250 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.
| DEAL STATS | # |
|---|---|
| Overall | 139 of 297 |
| Sector (Retail) | 14 of 19 |
| Type (Going Private) | 7 of 14 |
| State (Massachusetts) | 1 of 2 |
| Country (United States) | 10 of 40 |
| Year (2011) | 2 of 8 |
| Size (of disclosed) | 8 of 54 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-06-01 |
Samsonite International
Luxembourg, Luxembourg Samsonite International designs, manufactures, and distributes luggage. The Company's products include suitcases, garment bags, casual bags, business cases, clothing, shoes, and accessories. Samsonite also licenses their trademarks for use on products such as travel accessories, leather goods, handbags, clothing, and furniture. Samsonite International was incorpoprated in 1910 and is based in Luxembourg City, Luxembourg. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-07-01 |
PT Link Net
Jakarta, Indonesia PT Link Net is one pf the largest two-way hybrid fibre-coaxial cable providers in Indonesia, delivering high speed internet access services to retail and business customers, including the delivery of data communication services over its fibre optic lines, and cable TV services. PT Link Net was founded in 1996 and is based in South Jakarta, Indonesia. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $1.5 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 39 of 77 |
| Sector (Retail) | 3 of 4 |
| Type (Going Private) | 2 of 2 |
| State (Massachusetts) | 4 of 7 |
| Country (United States) | 34 of 70 |
| Year (2011) | 3 of 3 |
| Size (of disclosed) | 1 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-06-22 |
Sound United
Vista, California, United States Sound United is a designer and marketer of premium home-theater loudspeakers and consumer-branded vehicle security and convenience systems. Sound United's broad portfolio of high-performance home audio products, including speakers, surround sound systems, soundbars, and personal audio devices, is marketed under the Polk Audio and Definitive Technology brands. Sound United is based in Vista, California. |
Buy | $305M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-10-04 |
WorldStrides
Charlottesville, Virginia, United States WorldStrides, Inc. is a provider of experiential learning to over 400,000 students per year covering academic, professional, performing arts, and athletic programming. The company partners with more than 7,000 K-12 schools and 800 universities, including top MBA programs. Since its founding in 1967, more than seven million students have travelled with WorIdStrides. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 70.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.
| DEAL STATS | # |
|---|---|
| Overall | 38 of 85 |
| Sector (Retail) | 14 of 19 |
| Type (Going Private) | 12 of 14 |
| State (Massachusetts) | 1 of 2 |
| Country (United States) | 37 of 80 |
| Year (2011) | 3 of 3 |
| Size (of disclosed) | 7 of 26 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-06-15 |
FP Holdings
Las Vegas, Nevada, United States Palms Casino Resort is a 37-acre Las Vegas hotel & casino consisting of The Palms Casino Resort (420 rooms, 1,874 slots and 69 table games), The Fantasy Tower (285 rooms and new pool and concert venue) and Palms Place (599 condos). Palms Casino Resort was formed in 2001 and is based in Las Vegas, Nevada. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-07-29 |
Varsity Brands
Memphis, Tennessee, United States Varsity Brands is a provider of goods and services to the school spirit industry. Varsity designs, markets and manufactures cheerleading and dance team uniforms and accessories. With a mission to inspire achievement and create memorable experiences for young people, Varsity Brands elevates the student experience, promotes participation and celebrates achievement through three unique but interrelated businesses: BSN SPORTS; Varsity Spirit; and Herff Jones. Together, these businesses promote personal, school and community pride through their customizable products and programs to elementary and middle schools, high schools, and colleges and universities, as well as church organizations, professional and collegiate sports teams and corporations. |
Sell | - |
