CAPITALIZATION v210604 (beta) Hotels PE / M&A

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KEYWORDS: Diamond Resorts, Hilton Grand Vacation Inc, Apollo Funds, Apollo Global Management, Colony Capital, AccorInvest, Palms Casino Resort, San Manuel Sovereign Fund

DEAL FEATURED (Diamond Resorts)

PRESS RELEASE:https://www.hiltongrandvacations.com/en/news/press-releases/hgv-to-acquire-diamond

Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or “the Company”) announced on March 10 that it has entered into a definitive agreement to acquire Diamond Resorts International, Inc. (“Diamond”) from funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) (together with its consolidated subsidiaries, “Apollo”), funds managed by affiliates of Reverence Capital Partners (“Reverence”), and other Diamond stockholders, in a stock-based transaction with an equity value of approximately $1.4 billion. Under the terms of the agreement, the Apollo Funds and other Diamond stockholders will receive 34.5 million shares of HGV common stock, subject to customary adjustments.

The acquisition will combine the strength of HGV’s brand and culture with Diamond, the largest independent timeshare operator. Diamond’s 92 leisure resorts and nearly 400,000 owners uniquely complement HGV’s 62 upscale and luxury properties and over 325,000 owners, and the combination will create the premier vacation ownership company with the broadest offering in the industry.

About Hilton Grand Vacations:

Hilton Grand Vacations Inc. (NYSE:HGV) is recognized as a leading global timeshare company. With headquarters in Orlando, Florida, Hilton Grand Vacations develops, markets and operates a system of brand-name, high-quality vacation ownership resorts in select vacation destinations. The Company also manages and operates two innovative club membership programs: Hilton Grand Vacations Club® and The Hilton Club®, providing exclusive exchange, leisure travel and reservation services for more than 325,000 club members. 

About Diamond Resorts:

Diamond Resorts offers destinations, events and experiences to help members make a habit of breaking from the routine. From unforgettable getaways to exclusive concert series to VIP receptions and dinners, members turn to Diamond to recharge, reconnect and remind each other what matters most. Our focus on quality resorts, customer service and flexibility means members can return to a favorite resort, book a cruise to explore new countries or attend a once-in-a-lifetime event with the same level of confidence and anticipation. With access to a world of entertainment and activities, a Diamond membership ensures that people are always looking forward to vacation. 

About Diamond Resorts CEO:

Mr. Michael Flaskey serves as Chief Executive Officer at Diamond Resorts. He previously held the position of Executive Vice President and Chief Sales and Marketing Officer for Diamond Resorts from 2014 to 2016, and Executive Vice President of Sales and Marketing, North America for Diamond Resorts from 2010 to 2014. Throughout Mr. Flaskey’s tenure at Diamond Resorts, the Company has achieved unprecedented growth both organically and through strategic acquisition integration, as he has shifted the traditional timeshare marketing and sales model to a hospitality-infused process that includes a high-touch upstream engagement stance, providing guests with a service-first approach to marketing and sales. Prior to Diamond Resorts, Mr. Flaskey held key senior executive roles with Starwood Vacation Ownership and Fairfield Resorts (now Wyndham Vacation Ownership). Mr. Flaskey has also successfully negotiated many strategic ambassadorial alliances with world-famous artists, Hall of Famers from Major League Baseball and the National Football League, Super Bowl MVPs, NASCAR legends and current PGA, LPGA and Champions Tour stars. Most notably, he is also the Founder and Executive Director of the Diamond Resorts Invitational.

DEALS (OTHER DEALS)

Colony Capital (Hospitality Business Portfolio):

The Hospitality Business Portfolio of Colony Capital was acquired by Cerberus Capital Management and Highgate Hotels through a $2.8 billion LBO on March 25, 2021.

AccorInvest:

The company received EUR 954 million of development capital from Saudi Arabia’s Public Investment Fund, Government of Singapore Investment Corporation (GIC), Crédit Agricole Assurances, Colony Capital and Amundi on March 24, 2021. As a part of the transaction, EUR 477 million of debt financing in the form of a state-guaranteed loan was provided by the existing banking partners.

Palms Casino Resort:

The company has entered into a definitive agreement to be acquired by San Manuel Sovereign Fund through a $650 million LBO on May 4, 2021. Previously, the company was acquired by Red Rock Resorts (NASDAQ: RRR) for $312.5 million on October 3, 2016. The company is being actively tracked by PitchBook.

Click below to see full report! SAMPLE AD: Know of an EBITDA company that needs a turnaround? Contact Jack D, or Charlotte F to set up a call about turning around your hotel. Must have had EBITDA or strong growth in last 3 years. DISCLAIMER: This is the beta of future media company The Capitalization Report with its own website soon “TheCapitalizationReport.com” or “CapitalizationReport.com” coming soon!

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Continue reading “CAPITALIZATION v210604 (beta) Hotels PE / M&A”

BETA Capitalization Report v20.05.04

KEYWORDS: Apollo Global Management, Advent International, The Blackstone Group, HealthpointCapital, Spectrum Equity, Cinven, KPS Capital Partners, Warburg Pincus, General Atlantic

NEW FROM EDITOR: Look for good news on May 7th!  Our LinkedIn group “Sell Your Company” will be changing it name soon as it reaches 9,983 members.  Please join us with M&A news at the following URL: https://www.linkedin.com/groups/2593533/

PRIVATE EQUITY NEWS:

  • Apollo Global Management is investing $300 million in Cimpressan Irish printing services provider. Financial terms weren’t disclosed.
  • Blackstone acquired a near 7% stake in Energy Transfer, a transporter of natural gases and crude oils, including shares held by Harvest Fund Advisors, per Bloomberg citing sources. Financial terms weren’t disclosed.
  • HealthpointCapital acquired IlluminOss Medicalan East Providence, RI-based provider of technologies for fracture repairs.
  • Cinven and Advent, the private equity firms behind planned Europe’s largest deal in a decade, are seeking other investors to help them pay for the €17.2 billion acquisition for Thyssenkrupp’s elevator business, per the Financial Times citing sources.
  • KPS Capital Partners agreed to acquire Lufkin, a Missouri City, Texas-based maker of rod lift products, from Baker Hughes (NYSE: BKR).  Financial terms weren’t disclosed.
  • Ocean Link, Warburg Pincus, and General Atlantic have offered to buy 58.com, a Chinese classified ads marketplace, for roughly $8.2 billion.
  • AE Industrial Partners acquired Adcole Maryland Aerospace, a Marlborough, Mass.-based provider of satellite components. Financial terms weren’t disclosed.
  • Spectrum Equity invested in OurFamilyWizard, a Minneapolis, Minn.-based co-parenting application. Financial terms weren’t disclosed.
  • Vander-Bend Manufacturing, a portfolio company of Aterian Investment Partners, acquired TMK Manufacturing, a Santa Clara, Calif.-based specialty prototyping and precision machining provider. Financial terms weren’t disclosed.
  • Macquarie Capital Principal Finance ​acquired a majority stake in Multifuels Midstream Group, a Houston-based operator of lateral natural gas pipelines and related infrastructure in the U.S. Financial terms weren’t disclosed.
  • MPK Equity Partners and Princeton Equity Group invested in Restoration 1, a Waco, Texas-based property restoration company and sister brand Bluefrog Plumbing + Drain, a plumbing franchise.
  • Warburg Pincus invested in Polyplus-transfection SA, a Illkirch, France-based, developer of gene and cell therapies, alongside the existing majority shareholder, ArchiMed. Financial terms weren’t disclosed.

Contact us about our search for funding EBITDA growth companies.  The Capitalization Report is still under beta and we hope to provide a more regular report in the near future.

 

 

 

REPOST: RHC Pipeline Report

We are happy to see one of our friends A round investment grow to an IPO and now M&A growth! JD Morris always says, “Roll or Get Rolled!”

Contact Victoria via LinkedIn or at Victoria@RedHookCapital.co to share our rock and roll strategy!

URL For Full Weekly RHC Pipeline Report:

http://redhookcapital.co/2019/04/rhc-pipeline-report-v19-04-19/

RHC PIPELINE HIGHLIGHT

Coupa Software (NASDAQ: COUP), a San Mateo, CA-based business spend management (BSM) company, is to acquire Exari, a provider of contract lifecycle management

Press Release: https://www.coupa.com/newsworthy/press-releases/coupa-announces-intent-to-acquire-contract-lifecycle-management-leader-exari/

(Coupa Software – SEA Link)

RHC PIPELINE REPORT

  • Apollo Global Management will acquire Smart & Final Stores Inc (NYSE:SFS) for approximately $1.1 billion, including debt.
  • Gen.Ga Playa Vista, Calif.-based esports organization, raised $46 million in funding. Investors include Will Smith, Los Angeles Clippers minority owner Dennis Wong, New Enterprise Associates, Conductive Ventures, Battery Ventures, Canaan Partners, SVB Capital, and Stanford University.

Read More via Red Hook Capital’s “RHC Pipeline Report” via this URL:

http://redhookcapital.co/2019/04/rhc-pipeline-report-v19-04-19/

Happy Travels and Networking,

JD Morris

JD Morris

Vice Chairman & Host of Investor Network Destinations

Join him via LinkedIn at https://www.linkedin.com/in/jdmorris/

Pipeline PEG 2018-07-16

Still a Beta Blog and working on a new strategy for 3q2018 format.  However here a few deals that closed!

Private Equity Pipeline

• General Atlantic invested $250 million in Greensilla London-based provider of working capital finance to businesses. The deal values the company at $1.64 billion.

• TA Associates made an investment in Prudent Corporate Advisory Services, an India-based distributor of mutual fund and other wealth products. Financial terms weren’t disclosed.

• SSP Innovations, which is backed by Warren Equity Partners, acquired TC Technology, a Carlsbad, Calif.-based IT services and software company. Financial terms weren’t disclosed.

• RSE Ventures made an investment in Bluestone Lane, an Australia-based lifestyle and hospitality brand. Financial terms weren’t disclosed.

• Arconic (NYSE:ARNC) is receiving takeover interest from private equity firms including Apollo Global Management, according to the Wall Street Journal.

• FTV Capital invested $54.5 million in A-LIGN, a Tampa, Fla.-based provider of security and compliance solutions.

• Arrowhead Engineered Products, which is backed by Riverside Co and Investcorp, acquired Ratioparts, a Germany-based distributor of aftermarket replacement parts for outdoor power equipment and forestry applications.

DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a beta blog and will not be updated.

Happy Investing and Networking,

Investor Network by JD

Investor Network by JD

Pipeline plus delta future

NOTE: Posting just for fun!

A lot of the future will already happened in the future, so focus on what you can change.  Your company will pay taxes, but the amount you pay depends on a lot on the money you make for your company!  Plus good accounting!

ACTION: Look at what you know will happen for sure in the future and list five things you can add to make it better = greater success (what percentage or how large a delta can you make)!

blog-posting

PIPELINE ( Private Equity)

• Quantum Energy Partners agreed to invest $489 million in FourPoint Energy, a Denver-based oil exploration and production company.

• Apollo Global Management agreed to acquire Sun Country Airlines, the largest privately-held fully independent airline in the United States. (IN knows Apollo)

• Goldman Sachs recapitalized Financeit Canada, a Toronto-based point-of-sale financing provider. Goldman is now a majority owner. Financial terms weren’t disclosed.

• Thomas H. Lee Partners agreed to invest in Guaranteed Rate, a Chicago-based retail mortgage company. Financial terms weren’t disclosed.

• St. George Logistics, a portfolio company of Wind Point Partners, acquired, Channel Distribution Corpa Benesville, Ill.-based provider of the ocean and air CFS solutions. Financial terms weren’t disclosed.

• L Catterton agreed to invest in Ganni, a Danish contemporary fashion brand. Financial terms weren’t disclosed.

• Feeney Brothers Utility Services, a portfolio company of CAI private equity, acquired DDS Companiesa Rochester, N.Y.-based provider of telecom services. Financial terms weren’t disclosed.

DISCLAIMER:  This information is provided by AP, Bloomberg, Forbes, Fortune,  preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources.  Please check with the company website as this a beta blog and will not be updated.

Happy Investing and Networking,

Investor Network by JD

 

PEG Deals that Close 2016-06-30

Investor Network by JD

Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Reuters, and other sources.  Please check company website for best information.

• Apollo Global Management has agreed to acquire Diamond Resorts International Inc. (NYSE: DRII), a Las Vegas-based operator of timeshare properties. The deal is valued at around $2.2 billion, or $30.25 per share (58% premium to closing price for Diamond Resorts stock on Feb. 24, when the company said publicly that it was exploring strategic options).

• Berkshire Partners has acquired Parts Town, an Addison, Ill.-based parts distributor in the foodservice equipment market, from Summit Partners (which will retain a minority equity stake). No financial terms were disclosed.www.partstown.com

• Blackboard, an education technology company backed by Providence Equity Partners, has agreed to acquire Higher One Holdings Inc. (NYSE: ONE), a -based provider of online payment software for tuition and fees. The all-cash deal is valued at around $260 million, or $5.15 per share. www.blackboard.com

• Bruin Sports Capital has acquired Deltatre, an Italy-based sports media services company. No financial terms were disclosed. www.deltatre.com

• Clayton Dubilier & Rice and WM Holding have made a binding takeover offer for French furniture retailer BUT Group. No financial terms were disclosed. Read more.

• Freeman Spogli & Co. has acquired City Barbeque, a Dublin, Ohio-based fast-casual barbeque restaurant chain with 26 locations. No financial terms were disclosed. www.citybbq.com

• TA Associates has acquired a majority stake in Kiwoko, a Madrid-based pet care retailer, from Prine Capital and Corpfin Capital. No financial terms were disclosed. www.kiwoko.com

Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Reuters, and other sources.  Please check company website for best information.

Happy Networking,

JD Morris

JD Morris

Join me on LinkedIN:  http://www.linkedin.com/in/jdmorris

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Bimbo can not eat Twinkies! Plus other deals that closed!

RED HOOK CAPITAL UPDATE:

Red Hook Capital continues to look at investing in EBITDA positive deals and provide several referrals to other firms.  Our portfolio company The Morris Team is looking for great 1031 exchange deals for clients ( contact: JD.Morris@KW.com for real estate and deals@RedHookCapital.com for EBITDA deals ).

DEALS THAT CLOSED:

Thoma Bravo Logo NEW 10.21.08 reduced for website

  • Bridge ( www.bridge.sg )a social investment group focused on the rural Philippines, has launched with $24 million in equity funding from Accion, Bamboo Finance, DEG, FMO and chairman Paul Kocourek.  
  • Energy Capital Partners (www.ecpartners.com/ ) has agreed to acquire three merchant generation power stations fromDominion (NYSE: D). No financial terms were disclosed. The stations are in Illinois and Massachusetts.www.dom.com 
  • Equistone Partners Europe (www.equistonepe.com ) has acquired a majority stake in Bretèche Industrie Group, a France-based provider of manufacturing and production equipment for the agro-food, pharmaceutical and cosmetics industries. The seller was Azulis Capital, while Céréa Capital co-invested alongside Equistone. No financial terms were disclosed. www.breteche.com
  • Heart to Heart Hospice, ( www.hearttohearthospice.com )  a Plano, Texas-based provider of hospice care, has secured a minority equity investment from Summit Partners.
  • Hostess Brands (www.hostess.com ) formally announced that it would sell its snack cake business, including Twinkies, toApollo Global Management and C. Dean Metropoulos. The two firms had previously been named “stalking horse” bidders, and Hostess says it did not receive any subsequent offers. 
  • Source Refrigeration & HVAC (www.sourcerefrigeration.com ) a portfolio company of Arsenal Capital Partners, has acquired TP Electrical, a White, Ga.-based provider of electrical and EMS contracting to commercial clients in the Southeastern United States. 
  • Thomsons Online Benefits Ltd. ( www.vss.com ) a provider of SaaS-based benefit and pension administration, workflow and reporting solutions, has raised an undisclosed amount of private equity funding from Veronis Suhler Stevenson.
  • TPG Capital ( www.tpg.com )has won the auction for Australian poultry producer Inghams Enterprises at an enterprise value reported to be between A$900 million and $1 billion. TPG beats out The Blackstone Group, in a process managed by Investec Bank. www.inghams.com.au

tpg capital 

  • TripWire (www.tripwire.com) , a provider of IT security and compliance automation software, has acquired nCircle, a San Francisco-based provider of information risk and security performance management solutions. No financial terms were disclosed. TripWire is owned by Thoma Bravo, while nCircle raised VC funding from such firms as Alta Partners, JK&B Capital, Guide Ventures and Menlo Ventures. 
  • W.H. Smith Co. (www.whsmithco.com )a maker of hose assemblies and other products for the U.S. Department of Defense and commercial clients, has acquired the IP and select assets of LaBargeProducts Inc., a St. Louis-based maker of critical systems and components for expeditionary military operations. No financial terms were disclosed. W.H. Smith is a portfolio company of JWI Capital

Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Rueters, and other sources.  Please check company website for best information.

Contact Red Hook Capital about board of advisor, board of director, consulting, valuations, 1031 exchanges, and other service at INFO@RedHookCapital.com for more detail.

Happy Investing & Networking,

JD Morris

JD Morris

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