Joanna Nolasco March 23, 2016
Although we haven’t quite reached the end of the first quarter, 2016 has already seen private equity firms close some massive deals. According to the PitchBook Platform, PE investors have completed a handful of buyouts so far this year worth at least $2 billion, amounting to almost 1% of closed deals.
A JAB-led investor group acquired the personal beverage system company for $92 per share in cash. The deal closed in early March, and co-investors included Mondelez International and BDT Capital Partners. Keurig, perhaps best known for its single-serve coffee dispensing technology, operates independently as part of JAB's global coffee platform, which includes Peet's Coffee & Tea and Caribou Coffee Company, among others.
The Carlyle Group completed its acquisition of the information management system provider in late January. The firm had initially agreed to purchase the company for $8 billion when the deal was announced last August, but the terms were revised prior to close. Co-investors include GIC, Singapore’s sovereign wealth fund.
Vista Equity Partners closed its purchase of the company earlier this month; other key investors included Koch Equity Development and an affiliate of Goldman Sachs. Solera provides risk and asset management software & services to the automotive and property marketplace.
Silver Lake Partners and Thoma Bravo bought the IT management software provider for $60.10 per share; the transaction closed in February. Founded in 1999, SolarWinds has a customer base that spans large enterprises, small businesses, government agencies and educational organizations.
Pamploma Capital Management completed its acquisition of the healthcare performance improvement company in January. The deal was for $31.35 per share. MedAssets' network spans more than 4,500 hospitals and 123,000 non-acute healthcare providers.
PitchBook users can click here to view the full list of buyouts closed this year in the U.S. and Europe. Do you want this data? Contact us today to set up a personalized walkthrough and free trial of our platform.