Embed Size (px)
Citation preview
2
Zephyr Monthly M&A ReportGlobal Private Equity, February 2013
Zephyr is a database of M&A, IPO, private equity and venture capital deals with links to detailed financial information on companies. For more information visit www.zephyrdealdata.com.
You are free to use any data or commentary from this report in your articles as long as the source is cited as “Zephyr published by BvD”
Contact +44 161 838 9554 Zephyr Editorial: [email protected]
Zephyr Monthly M&A ReportGlobal Private Equity, February 2013
Page 1 © Zephyr
The following report details global private equity activity in February 2013 using data from the Zephyr database.
It focuses on deal activity by target company.
Click here to access the raw data in an Excel spreadsheet.
PE deal value soars to a year-high, boosted by blockbuster deals
The value of global private equity transactions more than tripled in February 2013 to a new year-high of USD 60,399 million from USD 17,992 million in January 2013, and was also more than double the USD 22,681 million recorded for February 2012.
Value was boosted by two blockbuster deals worth a combined USD 52,400 million, which accounted for 87 per cent of the month’s total.
Despite the improvement in monetary terms, volume failed to follow suit, declining 40 per cent to a new 12 month-low of just 202 deals from 337 in January. Volume was also down 27 per cent from February 2012 when 278 private equity transactions were signed off.
Deals by volume and value
Announced date No of deals Total deal value (mil USD)
Feb-13 202 60,399
Jan-13 337 17,992
Dec-12 361 33,642
Nov-12 274 25,235
Oct-12 343 25,054
Sep-12 279 12,374
Aug-12 264 32,678
Jul-12 332 28,337
Jun-12 370 29,355
May-12 368 21,983
Apr-12 333 20,269
Mar-12 353 22,455
Feb-12 278 22,681
Zephyr is a database of M&A, IPO, private equity and venture capital deals with links to detailed financial information on companies. For more information visit www.zephyrdealdata.com.
You are free to use any data or commentary from this report in your articles as long as the source is cited as “Zephyr published by BvD”
Contact +44 161 838 9554 Zephyr Editorial: [email protected]
Zephyr Monthly M&A ReportGlobal Private Equity, February 2013
Page 2 © Zephyr
Deals by volume and value
0
50
100
150
200
250
300
350
400
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13
Deal
val
ue (m
il US
D)
Total deal value (mil USD) Number of deals
Zephyr is a database of M&A, IPO, private equity and venture capital deals with links to detailed financial information on companies. For more information visit www.zephyrdealdata.com.
You are free to use any data or commentary from this report in your articles as long as the source is cited as “Zephyr published by BvD”
Contact +44 161 838 9554 Zephyr Editorial: [email protected]
Zephyr Monthly M&A ReportGlobal Private Equity, February 2013
Page 3 © Zephyr
Heinz, Dell in blockbuster deals
Berkshire Hathaway and 3G Capital Management’s acquisition of US sauce and condiments manufacturer HJ Heinz for USD 28,000 million was by far and away the largest private equity and venture capital deal in February and was worth more than the combined value of the next six highest deals by value, which included the month’s only other, much-hyped, blockbuster. Silver Lake and MSDC Management bought US computer manufacturer Dell for USD 24,400 million, the largest leveraged buyout since the financial crisis.
There was a huge gulf in value between the top two deals and February’s third-placed deal by value, which was also an acquisition and the only one to feature a Canadian target. CCMP Capital-backed Milacron bought Ontario-based hot runner controller manufacturer Mold-Masters for USD 970 million. The deal provided an exit for 3i and represented a return of 2.1 times on the money initially invested in October 2007.
US companies were targeted in 7 of the top 20 private equity deals, with Russia, China, Sweden, the Philippines, Australia, the UK, Spain and the Cayman Islands also featuring.
Of the top 20 private equity deals by value, five involved minority stake sales. These deals involved the likes of Insight Venture Partners, Valiant Capital Management, Andreessen Horowitz, Bessemer Venture Partners and FirstMark Capital.
US led by volume and value
Once again the US was the main target of private equity investment in February with 59 deals worth a combined USD 54,102 million, of which the Heinz and Dell deals accounted for 97 per cent of the country’s total value.
Despite the two blockbuster transactions, the volume of deals involving US-based companies actually weakened by 62 per cent month-on-month (January 2013: 156) and was down by 41 per cent from 100 transactions in February 2012.
There was a significant month-on-month decline in the volume of private equity deals targeting countries ranging from the UK, France and Germany to India, Canada and Italy. While the volume of transactions recorded for US-based companies fell back the most, it was still double that of the UK (24 deals worth USD 1,327 million).
Wholesale and retail value is six times higher
The value of private equity deals targeting companies operating the wholesale and retail sector amounted to USD 28,871 million in February, more than six times that of USD 4,674 million in January and eight times the USD 3,313 million recorded for February 2012. However, private equity investment also significantly favoured machinery, equipment, furniture and recycling and a total of USD 25,790 million was pumped into the industry over the four weeks (January: USD 687 million).
However, this increased private equity value came at the expense of sectors such as education and health, gas, water and electricity, food, beverages and tobacco and insurance, among others.
Zephyr is a database of M&A, IPO, private equity and venture capital deals with links to detailed financial information on companies. For more information visit www.zephyrdealdata.com.
You are free to use any data or commentary from this report in your articles as long as the source is cited as “Zephyr published by BvD”
Contact +44 161 838 9554 Zephyr Editorial: [email protected]
Zephyr Monthly M&A ReportGlobal Private Equity, February 2013
Page 4 © Zephyr
Top 20 private equity deals by value
Deal value (mil USD) Deal type Target Target
country Equity provider Deal status
1. 28,000 Acquisition 100% HJ Heinz Company US Berkshire Hathaway Inc.; 3G Capital Management Inc. Pending
2. 24,400 Acquisition 100% Dell Inc. US Silver Lake Partners LP; MSDC Management LP Pending
3. 970 Acquisition 100% Mold-Masters (2007) Ltd CA CCMP Capital Advisors LLC Pending
4. 688 Acquisition 100% 7 Days Group Holdings Ltd KY Carlyle Group LP; Actis LLP; Sequoia Capital China Pending
5. 605 IBO 100% The Principal Hayley Group GB Starwood Capital Group LLC Completed
6. 600 Minority stake 20% Russkaya Mednaya Kompaniya ZAO RU Tempest Capital AG Completed
7. 400 Minority stake 360buy Jingdong Inc. CN Kingdom Holdings Company Completed
8. 363 IBO 100% Ellos AB SE NC Advisory AB Pending
9. 320 IBO 100% SPi Global Holdings, Inc.'s business process outsourcing business
PH CVC Capital Partners Ltd Announced
10. 278 Acquisition increased 18% to 100% 3SBio Inc. KY CITIC Private Equity Funds Management Co., Ltd Pending
11. 278 IBO 100% Assisted Living Concepts Inc. US TPG Capital LP Pending
12. 276 IBO 100% Lend Lease Group's aged care business AU Archer Capital Ltd Announced
13. 252 IBO 100% UBM plc's portfolio of data services businesses GB Electra Partners LLP Pending
14. 246 IBO 100% Victory Capital Management Inc. US Crestview Advisors LLC Pending
15. 221 IBO 100% Ormet Corporation's assets US Wayzata Investment Partners LLC Announced
16. 219 IBO 100% SSE plc's 4 wind farms in UK and Ireland GB Greencoat Capital LLP Announced
17. 200 Minority stake AirWatch LLC US Insight Venture Partners Completed
18. 200 Minority stake Pinterest Inc. US Bessemer Venture Partners; FirstMark Capital LLC; Valiant Capital Management LP; Andreessen Horowitz
Completed
19. 155 IBO majority stake Hydrasun Ltd GB Investcorp SA Holding Pending
20. 108 Minority stake 30% Softonic International SL ES Partners Group Holding AG Completed
Zephyr is a database of M&A, IPO, private equity and venture capital deals with links to detailed financial information on companies. For more information visit www.zephyrdealdata.com.
You are free to use any data or commentary from this report in your articles as long as the source is cited as “Zephyr published by BvD”
Contact +44 161 838 9554 Zephyr Editorial: [email protected]
Zephyr Monthly M&A ReportGlobal Private Equity, February 2013
Page 5 © Zephyr
Target sectors by volume
Target sector Feb-12 Jan-13 Feb-13
Other services 103 148 80
Machinery, equipment, furniture, recycling 44 52 38
Wholesale & retail trade 26 29 18
Education, health 9 20 10
Chemicals, rubber, plastics 21 15 9
Food, beverages, tobacco 7 10 8
Metals & metal products 11 11 6
Banks 9 10 6
Hotels & restaurants 4 7 5
Construction 14 4 5
Gas, water, electricity 6 6 4
Wood, cork, paper 0 3 3
Primary sector 4 7 3
Transport 7 9 3
Publishing, printing 3 3 3
Insurance companies 7 1 2
Post and telecommunications 0 0 0
Public administration and defence 0 0 0
Textiles, wearing apparel, leather 5 3 0
Target sectors by value
Target sector Feb-12 (mil USD)
Jan-13 (mil USD)
Feb-13 (mil USD)
Wholesale & retail trade 3,313 4,674 28,871
Machinery, equipment, furniture, recycling 683 687 25,790
Other services 11,422 7,299 2,216
Hotels & restaurants 44 822 1,298
Metals & metal products 214 196 822
Education, health 514 1,400 622
Gas, water, electricity 549 359 328
Construction 391 41 118
Chemicals, rubber, plastics 3,095 150 106
Wood, cork, paper 0 2 102
Banks 1,900 796 72
Primary sector 101 680 50
Food, beverages, tobacco 193 625 17
Publishing, printing 32 0 2
Post and telecommunications 0 0 0
Public administration and defence 0 0 0
Transport 175 241 0
Textiles, wearing apparel, leather 104 6 0
Insurance companies 236 15 0
Zephyr is a database of M&A, IPO, private equity and venture capital deals with links to detailed financial information on companies. For more information visit www.zephyrdealdata.com.
You are free to use any data or commentary from this report in your articles as long as the source is cited as “Zephyr published by BvD”
Contact +44 161 838 9554 Zephyr Editorial: [email protected]
Zephyr Monthly M&A ReportGlobal Private Equity, February 2013
Page 6 © Zephyr
Top target countries by volume
Target country Feb-12 Jan-13 Feb-13
US 100 156 59
UK 27 26 24
France 22 40 20
Germany 17 12 10
Spain 6 3 9
India 14 14 9
Canada 8 10 9
Israel 2 9 6
Netherlands 4 9 5
Italy 9 8 5
Sweden 10 5 3
Egypt 0 0 3
Russia 3 2 3
Cayman Islands 0 1 3
Norway 2 1 3
Belgium 3 2 3
South Korea 2 1 2
Denmark 2 2 2
Portugal 0 3 2
Malaysia 0 0 2
UAE 0 0 2
Austria 0 1 2
Top target countries by value
Target country Feb-12 (mil USD)
Jan-13 (mil USD)
Feb-13 (mil USD)
US 13,840 10,061 54,102
UK 289 2,060 1,327
Cayman Islands 0 53 1,066
Canada 493 366 983
Russia 130 0 605
China 644 244 400
Sweden 2,356 32 365
Philippines 0 0 320
Australia 1,987 11 276
South Korea 98 47 146
Spain 471 1 136
France 14 62 132
Netherlands 0 1,099 105
Israel 41 34 86
India 358 129 80
Belgium 34 1 74
Cyprus 0 0 61
Italy 502 1,688 30
Portugal 0 63 23
Austria 0 0 20
Germany 221 15 20
Zephyr is a database of M&A, IPO, private equity and venture capital deals with links to detailed financial information on companies. For more information visit www.zephyrdealdata.com.
You are free to use any data or commentary from this report in your articles as long as the source is cited as “Zephyr published by BvD”
Contact +44 161 838 9554 Zephyr Editorial: [email protected]
Zephyr Monthly M&A ReportGlobal Private Equity, February 2013
Page 7 © Zephyr
Top 20 private equity providers
Equity provider Number of deals Number with consideration Total deal value (mil USD) Average deal value (mil USD)
1 Berkshire Hathaway Inc. 1 1 28,000 28,000
2 3G Capital Management Inc. 1 1 28,000 28,000
3 Silver Lake Partners LP 1 1 24,400 24,400
4 MSDC Management LP 1 1 24,400 24,400
5 CCMP Capital Advisors LLC 1 1 970 970
6 Carlyle Group LP 1 1 688 688
7 Actis LLP 1 1 688 688
8 Sequoia Capital China 1 1 688 688
9 Starwood Capital Group LLC 1 1 605 605
10 Tempest Capital AG 1 1 600 600
11 Kingdom Holdings Company 1 1 400 400
12 NC Advisory AB 1 1 363 363
13 CVC Capital Partners Ltd 1 1 320 320
14 Insight Venture Partners 2 2 280 140
15 CITIC Private Equity Funds Management Co., Ltd 1 1 278 278
16 TPG Capital LP 1 1 278 278
17 Archer Capital Ltd 1 1 276 276
18 Electra Partners LLP 1 1 252 252
19 Crestview Advisors LLC 1 1 246 246
20 Wayzata Investment Partners LLC 1 1 221 221
Zephyr is a database of M&A, IPO, private equity and venture capital deals with links to detailed financial information on companies. For more information visit www.zephyrdealdata.com.
You are free to use any data or commentary from this report in your articles as long as the source is cited as “Zephyr published by BvD”
Contact +44 161 838 9554 Zephyr Editorial: [email protected]
Zephyr Monthly M&A ReportGlobal Private Equity, February 2013
Page 8 © Zephyr
Notes to editors
Activity is based on the activity of the target company
Deal status is announced within the time period
The sector breakdown uses targets’ activities as defined to be ‘Major Sectors’ by Zephyr
![ntu tm. 2016.05 Ibo: Ibo: < nEUJ Ibo: Ibo: Ibo: 3 < < E lib L ...newgame-anime.com/assets/special/newspaper/newgame...nEUJ Ibo: Ibo: Ibo: 3 < < E lib L) ? 4 [CV:LlJÜä] A < L -z ô](https://img.dokumen.tips/doc/110x75/5aeab52e7f8b9a36698d5fcf/ntu-tm-201605-ibo-ibo-neuj-ibo-ibo-ibo-3-e-lib-l-newgame-animecomassetsspecialnewspapernewgameneuj.jpg)
