M&A wrap: TA, Genstar, Carlyle, SoftBank, Ampere, Great Hill

taassociates

TA Associates, led by chairman and managing partner Brian Conway, features in much of Mergers & Acquisitions' current content. The firm invests in some of the most fertile sectors driving middle-market M&A these days: technology, healthcare, financial services, consumer and business services industries, typically investing $70 million to $500 million in businesses valued at $100 million to $3 billion. In 2018, TA delivered a record year, as the firm celebrated turning 50 and completed its 500th investment, earning it our M&A Mid-Market Award for Private Equity Firm of the Year. Reflecting the high level of dealmaking activity, TA ranked among the top private equity firms compiled by PitchBook, based on volume of completed deals in 2018. We also featured the firm among 10 private equity firms that shared their strategies for tech M&A.

DEAL NEWS
Ampere, which says it is "designing the future of hyperscale cloud and edge computing," has raised a new round of funding, led by existing investor The Carlyle Group (NASDAQ: CG) and including participation from new investor Arm, a subsidiary of SoftBank Group. This marks the second major investment round for Ampere, which was launched in 2017. "Born in and built for the cloud with a modern architecture, Ampere gives customers the freedom to accelerate the delivery of the most memory-intensive applications such as artificial intelligence, big data, machine learning and databases in the cloud," according to the company.

Great Hill Partners, a growth-oriented private equity firm, has acquired the Gizmodo Media Group and The Onion, a collection of premium digital content producers, from Univision Communications Inc., for undisclosed terms. The combined assets will form a new company named G/O Media Inc. that will be led by digital content industry veteran James Spanfeller, who will also be a significant investor in the company.

Industrial and Institutional Sales Group, an Osceola Capital portfolio company, has acquired Cinpak, a provider of outsourced sales and marketing services. Headquartered in Austin, Texas, Cinpak’s product offerings include disposable take-out packaging, pizza boxes, cutlery, cups, plates, bowls, gloves, wipes, bags and buffet supplies. Cinpak is the third acquisition within the I&I Sales Group platform – joining Henson Sales Group and Bull’sEye. I&I Sales Group continues to expand its footprint nationally through the organic growth of new sales offices and aggressively executing acquisitions. This strategy has resulted in the expansion of the company’s geographic footprint from 13 Mid-Atlantic states at the inception of I&I’s partnership with Osceola to now 26 states spanning from Maine to New Mexico. The company has also broadened its product offerings from janitorial and sanitation to now include disposables, safety, equipment and supply products.

FEATURED CONTENT
Excelled. Innovated. Inspired. That’s what the eight winners of Mergers & Acquisitions’ 12th Annual M&A Mid-Market Awards did in 2018. Our awards honor the leading dealmakers and deals that set the standard for transactions in the middle market. In addition to Nike, award winners include: Nike, Fortive, TA Associates, the Riverside Co., Harris Williams, Monroe Capital, Goodwin and Luminate Capital Partners' Hollie Haynes. Read our full coverage: Meet the winners of the M&A Mid-Market Awards: Nike, Fortive, TA, Harris Williams.

Related: Read more about Mergers & Acquisitions' three annual special reports, including the M&A Mid-Market Awards, the Rising Stars of Private Equity, and the Most Influential Women in Mid-Market M&A.

Genstar Capital, Audax, HarbourVest ranked as the top U.S. private equity firms of 2018, based on volume of completed deals, according to PitchBook. Check out Mergers & Acquisitions' profiles of 21 firms that led the league tables. Top private equity firms: Genstar, Audax, HarbourVest and more

Also see: Top investment banks in PE-backed deals: KPMG, Houlihan, GS, William Blair.

Technology permeates dealmaking today. “Tech is, more or less, touching everything,” as the authors of The 2019 BDO Technology Outlook Survey put it. You can see the impact of tech throughout the 2018 winners of Mergers & Acquisitions’ M&A Mid-Market Awards especially: Luminate Capital Partners founder Hollie Hayne’s scoring Dealmaker of the Year for raising a second fund to invest in enterprise software companies; and TA Associates’ winning Private Equity Firm of the Year for investing a record $2.8 billion in new portfolio companies, most of which are infused with technology one way or the other.

Related: Why private equity firms still love technology
Related: 10 private equity firms share strategies for tech M&A.

Mergers & Acquisitions has named 36 leaders the 2019 Most Influential Women in Mid-Market M&A, including Kainos Capital's Sarah Bradley, Kayne Anderson Capital Advisors' Nishita Cummings and Pelham S2K Managers' Venita Fields. All 36 are outstanding dealmakers both inside and outside of their firms. This year, we asked the featured dealmakers to tell their own stories through Q&As, including their advice for women. Related: Meet the 2019 Most Influential Women in Mid-Market M&A.

EVENTS
ACG Boston hosts a 40th Anniversary Celebration and inaugural awards reception at the Boston Harbor Hotel's Wharf Room on April 24.

InterGrowth 2019 takes place May 6-8 at the Waldorf Astoria & Hilton Bonnet Creek in Orlando, Florida.

Innovation Works holds its second annual AI/Robotics Venture Fair in Pittsburgh May 15-16.

ACG Chicago hosts the Midwest Capital Connection, at The Marriott Downtown Magnificent Mile, May 21-22.

ACG New York, ACG Boston and ACG Philadlephia are holding the Industrial Conference with Value Creation at the Infor in New York on June 6. The event is part of the Northeast Industry Tour.

ACG Minnesota hosts the The Upper Midwest ACG Capital Connection at the Renaissance Minneapolis Hotel, The Depot, June 10-11.

ACG Boston brings together 700-plus dealmakers for DealFest Northeast and DealSource Select 2019 at the Cyclorama & The State Room, June 12-13.

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