Peakstone Expands Debt Capital Markets Practice. Barry Dunn joins as Managing Director

December, 2022. Rising interest rates and economic uncertainty have clients turning to Peakstone for its expertise in navigating challenging markets and executing critical capital solutions. We have been increasingly active in Debt Capital Markets transactions and are expanding our team.Peakstone is pleased to announce that Barry Dunn has joined the firm as Managing Director. Barry previously was engaged with Peakstone in a Senior Advisor capacity and has been involved in several private equity and entrepreneurial activities over his career. Notably, Barry was a Managing Director at GTCR, where he launched the firm’s Capital Markets function, pioneering the role of dedicated Capital Markets Partner in the private equity industry.Peakstone offers the following Debt Capital Markets services:

  • Acquisition and growth financing – We can help secure optimal financing options for your growth strategy.
  • Shareholder buyouts and dividend recapitalizations – We can seek non-dilutive capital for shareholder liquidity.
  • Comprehensive liquidity and loan review – We will help you understand and strategize for potential risks posed by short to medium-term contractual amortization or maturity payments, covenant friction points, and floating rate exposure.
  • Refinancing – We will suggest and help explore refinancing options for any maturities due in the next 24 months.
  • Amendments, loan restructuring and distressed situations – We will help you navigate challenging situations and achieve the best available solutions for the company, lenders, and shareholders.

 

Peakstone has broad relationships with debt providers, including commercial banks, mezzanine funds, insurance companies, specialty credit funds, royalty lenders, BDCs, SBICs, family offices, and other lenders.Please contact us to schedule a discussion.

Barry Dunn
Managing Director
bdunn@peakstone.com
(312) 346-7306

About Peakstone

Peakstone is a leading investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. The team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com.

Peakstone Publishes Industry Reports

November, 2022. Peakstone’s industry reports can be accessed through the links below. We deliver sector knowledge, experience, and relationships to every client. Please contact us for additional information about our services.

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Update: Infrastructure M&A Update – November, 2022

November, 2022

For 2022 YTD, the median transaction value in Infrastructure was $63 million. For 2022 YTD, the strategic buyers accounted for 90% of transactions.

Select recent notable publicly announced M&A transactions:

– Brookfield Asset Management announced its acquisition of Scout Clean Energy for $1 billion in September 2022.

– Enbridge closed its acquisition of Tri Global Energy for $320 million in September 2022.

– DT Midstream closed its acquisition of Millennium Pipeline Company for $552 million in September 2022.

– Brookfield Asset Management closed its acquisition of Standard Solar for $540 million in September 2022.

– Spirax-Sarco Engineering announced its acquisition of Durex Industries for $342 million in September 2022.

Update: Transportation and Logistics M&A Update – November, 2022

November, 2022

For 2022 YTD, the median transaction value in Transportation & Logistics was $105 million. For 2022 YTD, the strategic buyers accounted for 90% of transactions.

Select recent notable publicly announced M&A transactions:

– Extra Space Storage closed its acquisition of Storage Express Management for $590 million in September 2022.

– Atlas Arteria announced its acquisition of Skyway Concession Company for $2 billion in September 2022.

– Hub Group closed its acquisition of TAGG Logistics for $103 million in August 2022.

– Heartland Express closed its acquisition of Transportation Resources for $525 million in August 2022.

– Apollo Global Management; J.F. Lehman and Company; Hill City Capital announced its acquisition of Atlas Air Worldwide Holdings for $5.3 billion in August 2022.

Update: Technology and Software M&A Update – November, 2022

November, 2022

For 2022 YTD, the median transaction value in Tech & Software was $45 million. For 2022 YTD, the strategic buyers accounted for 93% of transactions.

Select recent notable publicly announced M&A transactions:

– Rhodium Enterprises announced its acquisition of SilverSun Technologies for $650 million in September 2022.

– EQT Partners announced its acquisition of BTRS Holdings for $1.7 billion in September 2022.

– Vista Equity Partners Management announced its acquisition of KnowBe4 for $4.4 billion in September 2022.

– Adobe announced its acquisition of Figma for $19.4 billion in September 2022.

– Newfold Digital announced its acquisition of MarkMonitor for $303 million in September 2022.

Update: Pet M&A Update – November, 2022

November, 2022

For 2022 YTD, the median transaction value in Pet was $260 million. For 2022 YTD, the strategic buyers accounted for 87% of transactions.

Select recent notable publicly announced M&A transactions:

– Dechra Pharmaceuticals closed its acquisition of Med-Pharmex for $260 million in August 2022.

– Colgate-Palmolive Company announced its acquisition of Three Dry Pet Food Manufacturing Plants in the U.S. for $700 million in August 2022.

– Dechra Pharmaceuticals closed its acquisition of Piedmont Animal Health for $210 million in July 2022.

– Clayton, Dubilier & Rice; TPG Global closed its acquisition of Covetrus for $3.6 billion in May 2022.

– Swedencare closed its acquisition of The Garmon Corporation for $468 million in January 2022.

Update: Packaging M&A Update – November, 2022

November, 2022

For 2022 YTD, the median transaction value in Packaging was to $32 million. For 2022 YTD, the strategic buyers accounted for 90% of transactions.

Select recent notable publicly announced M&A transactions:

– Altium Packaging closed its acquisition of Plastic Industries for $5 million in August 2022.

– CKF closed its acquisition of MFT-CKF for $32 million in July 2022.

– Becton, Dickinson and Company closed its acquisition of Parata Systems for $1.5 billion in June 2022.

– An unknown buyer closed its acquisition of Transit Packaging’s Kiwiplan business of Crown Holdings for $182 million in April 2022.

– Intertape Polymer Group closed its acquisition of Substantially All of Operating Assets of Syfan Manufacturing for $18 million in March 2022.

Update: Industrials and Manufacturing M&A Update – November, 2022

November, 2022

For 2022 YTD, the median transaction value in Industrials & Manufacturing was $42 million. For 2022 YTD, the strategic buyers accounted for 91% of transactions.

Select recent notable publicly announced M&A transactions:

– Spirax-Sarco Engineering announced its acquisition of Durex Industries for $342 million in September 2022.

– H&E Equipment Services announced its acquisition of One Source Equipment Rentals for $130 million in September 2022.

– Extra Space Storage closed its acquisition of STORAGE Express Management for $590 million in September 2022.

– Gulf Energy announced its acquisition of Jackson Generation for $410 million in September 2022.

– Mullen Automotive closed its acquisition of Bollinger Motors for $57 million in September 2022.

Update: Healthcare M&A Update – November, 2022

November, 2022

For 2022 YTD, the median transaction value in healthcare was $64 million. For 2022 YTD, the strategic buyers accounted for 91% of transactions.

Select recent notable publicly announced M&A transactions:

– The Jack and Nancy Dwyer Workforce Development Center closed its acquisition of 50 Skilled Nursing Facility Portfolio in Texas for $590 million in September 2022.

– CARISMA Therapeutics announced its acquisition of Sesen Bio for $189 million in September 2022.

– Walgreens Boots Alliance announced its acquisition of Shields Specialty Pharmacy Holdings for $1.3 billion in September 2022.

– McKesson Corporation announced its acquisition of Rx Savings for $875 million in September 2022.

– MedProperties Holdings; Physicians Realty Trust closed its acquisition of Calko Medical Center for $82 million in September 2022.

Update: Food and Beverage M&A Update – November, 2022

November, 2022

For 2022 YTD, the median transaction value in Food & Beverage was $25 million. For 2022 YTD, the strategic buyers accounted for 90% of transactions.

Select recent notable publicly announced M&A transactions:

– House Foods America Corporation announced its acquisition of Keystone Natural Holdings for $110 million in September 2022.

– Kerry Group announced its acquisition of B2B Powdered Cheese Business and Related Assets of The Kraft Heinz Company for $108 million in August 2022.

– InvestIndustrial closed its acquisition of Significant Portion of Meal Preparation business of TreeHouse Foods for $950 million in August 2022.

– Del Monte Foods closed its acquisition of Certain Assets Associated with the Kitchen Basics Brand of Ready-to-use Stock and Broth of McCormick for $99 million in August 2022.

– Mondelez International announced its acquisition of Clif Bar & Company for $2.9 billion in June 2022.