Basing Bidco (TowerBrook & Warburg Pincus) Completes Acquisition of AA plc

Stonepeak Makes £450M Minority Investment in The AA

July 26, 2024

Automotive

Stonepeak has completed a £450 million minority investment in The AA at an enterprise value of approximately £4.0 billion, acquiring a non-controlling stake. The transaction provides capital to strengthen The AA's balance sheet (including repayment of £180 million Class B3 notes) and to support growth and continued digitalisation; TowerBrook Capital Partners and Warburg Pincus remain the majority shareholders.

TowerBrook Capital Partners Takes Minority Stake in GBA Group

March 29, 2019

Logistics & Distribution

TowerBrook Capital Partners has acquired a minority interest in UK-based GBA Group, a provider of end-to-end vehicle logistics services, investing through its TowerBrook Structured Opportunities Fund. The Judah family will remain strategic partners and continue to lead the business alongside TowerBrook, which will support GBA's future growth leveraging its transatlantic network and automotive sector experience.

Connect Bidco (Apax, Warburg Pincus, CPP, Ontario Teachers') Acquires Inmarsat

December 1, 2019

Telecommunications

Connect Bidco Limited, an acquisition vehicle owned by a consortium of funds advised by Apax Partners and Warburg Pincus together with the Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board, completed a recommended cash offer to acquire all issued ordinary share capital of Inmarsat. The consortium said the investment will support Inmarsat’s market leadership in maritime, aviation and defence communications and help the company capitalise on in-flight connectivity and Internet of Things opportunities.

TowerBrook Acquires Majority Stake in TXO

April 24, 2023

Industrial Services

TowerBrook Capital Partners has acquired a majority stake in TXO as one of the first investments for its dedicated impact strategy. TXO is a B2B provider of telecom network hardware and asset management, offering sourcing, maintenance, reuse, recycling and disposal services; TowerBrook said it will support TXO's international expansion, strategic acquisitions and continued ESG-focused growth.

Berkshire Partners Acquires Majority Stake in TowerNorth

October 5, 2023

Telecommunications

Berkshire Partners has made a majority growth investment in TowerNorth, a developer, owner and operator of wireless infrastructure assets across the United States and Europe. Founding investor Wincove Private Holdings re-invested in the transaction; financial terms were not disclosed.

Valesco Industries Acquires AAA Distributor, Inc.

June 17, 2021

Building Products

Valesco Industries completed a majority buyout and control recapitalization of AAA Distributor, Inc., a Philadelphia-based distributor, wholesaler and retailer of kitchen, bath and flooring products. Brookside Capital Partners and AAA management co-invested (Brookside providing subordinated debt and equity) to support AAA's growth in Philadelphia and expansion into new U.S. markets.