Sixth Street Partners Mergers and Acquisitions Summary

Asset Manager Profile

In the last 3 years, Sixth Street Partners has acquired 3 companies. It has also invested in 4 others.

Sixth Street Partners’ most common sectors for investment arebusiness services (30%) and internet software and services (18%) . The Firm’s most common investment types include growth capital (48%) and buyout (lbo, mbo, mbi) (18%). In total, Sixth Street Partners has invested in 8 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2021 when it acquired Talcott Resolution Life for $2.3B.

Join Mergr to view Sixth Street Partners’ full profile and discover more mega-sized asset manager investors just like it.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity17
  • Total Sectors Invested 8
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 10
  • M&A Advisors 4

Sixth Street Partners

Sixth Street Partners

345 California Street, Suite 3300,
San Francisco, California 94104
United States
www.sixthstreet.com
sixthstreetwebmaster@sixthstreet.com

Sixth Street is a global alternative asset manager and lender that offers a wide range of capital solutions to small, medium, and large companies. The Firm maintains a variety of investment vehicles focused on growth companies, infrastructure, insurance, agriculture as well as other strategies. Sixth Street was established in 2009 and is headquartered in San Francisco, California.


Investment Criteria

Sectors of Interest: Agriculture, Business Services, Communications, Consumer Products, Consumer Services, Energy Services and Equipment, Financial Services, Healthcare Services, Information Technology, Infrastructure, Internet Software and Services, Media, Renewable Energy, Software, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Growth Capital, Recapitalization, Acquisition Financing

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Scandinavia, Asia/Pacific, Australia/New Zealand

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (2.2/yr) # 6 4 4 3 - - 17
vol $1.9B $2.3B $1.4B $5.6B
Sell (0.0/yr) # - - - - - - 0
  17

Most Recent M&A

Company Date Value Type
Avid Technology, Inc. 2023-08-09 1.4B USD Going Private
Burlington, Massachusetts · www.avid.com
National Women’s Soccer League LLC 2023-04-04 - Buyout (LBO, MBO, MBI)
New York City, New York · www.nwslsoccer.com
BAFC Holdings LLC 2023-04-04 - Buyout (LBO, MBO, MBI)
Bay Area, California · www.bayfc.com
Blueprint Medicines Corp. 2022-06-30 - Stake Purchase
Cambridge, Massachusetts · www.blueprintmedicines.com
FC Barcelona 2022-06-30 - Growth Capital
Barcelona, Spain · www.fcbarcelona.com
Real Madrid C.F. 2022-05-19 - Growth Capital
Madrid, Spain · www.realmadrid.com
Nasuni Corp. 2022-03-24 - Growth Capital
Boston, Massachusetts · www.nasuni.com
VisiQuate, Inc. 2021-07-13 - Growth Capital
Santa Rosa, California · www.visiquate.com
Bloomreach, Inc. 2021-06-01 - Growth Capital
Mountain View, California · www.bloomreach.com
Talcott Resolution Life, Inc. 2021-01-20 2.3B USD Secondary Buyout
Windsor, Connecticut · www.talcottresolution.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
MindBody, Inc. 2018-12-24 ClassPass, Inc. 2021-10-13 3
San Luis Obispo, California · www.mindbodyonline.com New York, New York · www.classpass.com

M&A by Sector

Sector Current # Value All-time # Value
Business Services 5 (29%) - 5 (29%) -
Software 3 (18%) 3.3B (59%) 3 (18%) 3.3B (59%)
Internet Software and Services 3 (18%) - 3 (18%) -
Information Technology 2 (12%) - 2 (12%) -
Insurance 1 (6%) 2.3B (41%) 1 (6%) 2.3B (41%)
Food 1 (6%) - 1 (6%) -
Life Science 1 (6%) - 1 (6%) -
Retail 1 (6%) - 1 (6%) -
Total 17 $5.6B 17 $5.6B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 15 (88%) 5.6B (100%) 15 (88%) 5.6B (100%)
  California 4 (24%) 1.9B (34%) 4 (24%) 1.9B (34%)
  Massachusetts 3 (18%) 1.4B (25%) 3 (18%) 1.4B (25%)
  New York 3 (18%) - 3 (18%) -
  Connecticut 1 (6%) 2.3B (41%) 1 (6%) 2.3B (41%)
  Ohio 1 (6%) - 1 (6%) -
  Minnesota 1 (6%) - 1 (6%) -
  Florida 1 (6%) - 1 (6%) -
  Alabama 1 (6%) - 1 (6%) -
Spain 2 (12%) - 2 (12%) -
Total 17 $5.6B 17 $5.6B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 8 (47%) - 8 (47%) -
Buyout (LBO, MBO, MBI) 3 (18%) - 3 (18%) -
Going Private 2 (12%) 3.3B (59%) 2 (12%) 3.3B (59%)
Stake Purchase 2 (12%) - 2 (12%) -
Secondary Buyout 1 (6%) 2.3B (41%) 1 (6%) 2.3B (41%)
Divestiture 1 (6%) - 1 (6%) -
Total 17 $5.6B 17 $5.6B

Top M&A Advisors

Financial Deals
Deutsche Bank Corporate & Investment Banking
 1
J.P. Morgan Securities
 1
Legal Deals
Willkie Farr & Gallagher
 1
Goodwin Procter
 1

Deal Values

buy # Total
> $1B 3 $5.6B
TOTAL $5.6B
Largest Talcott Resolution Life, Inc.
$2.3B (2021-01-20)

M&A Connections

Deals
Acquired from
Investor(s)
12%
2 (12%)
Strategic(s)
12%
2 (12%)

Investor Summary

Investor Type

Asset Manager

Size

Mega

PE Assets

65.0B USD

Established

2009

Specialist/Generalist

Generalist

 Subscribe to unlock this and 193,848
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 184K M&A Transactions
  • 189K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.5K M&A Advisors
    (Investment Banks and Law Firms)
  • 72K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Mergr

Product

Company

Legal