CorpAcq Attracts Investment from Goldman Sachs and TDR Capital
Deal News | Feb 26, 2025 | Ropes & Gray
Ropes & Gray has provided legal advisory services to Goldman Sachs Asset Management's (GSAM) Vintage Strategies on its procurement of a significant minority stake in CorpAcq, alongside TDR Capital's majority investment. The deal involved GSAM redeeming its previous portfolio financing arrangements with CorpAcq and reinvesting alongside private equity firm TDR Capital as the control sponsor. CorpAcq, founded in 2006, focuses on investments in stable UK-based SMEs, particularly in the industrial products and services sectors, housing a portfolio of over 40 diversified companies. The transaction is expected to bolster CorpAcq's future acquisition strategy. Legal support for the transaction was led by Ropes & Gray's private equity partner, Simon Saitowitz, and included contributions from tax partners and associates within the same firm.
Sectors
- Private Equity
- Legal Advisory
- Industrial Products and Services
Geography
- United Kingdom – CorpAcq is based in the UK and specializes in investments in UK SMEs, making this geography relevant.
Industry
- Private Equity – The article discusses the investments made by GSAM and TDR Capital in CorpAcq, highlighting the involvement of private equity firms in acquisitions and investments.
- Legal Advisory – Ropes & Gray's role as a legal advisor in the transaction underlines the importance of legal services in facilitating investment deals.
- Industrial Products and Services – CorpAcq has a specific focus on established SMEs in the industrial sector, highlighting its strategic investment goals.
Financials
- Significant minority stake – Describes the size of Goldman Sachs Asset Management's investment in CorpAcq.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CorpAcq | Target Company | Company | Specializes in investments in stable UK SMEs in industrial products and services. |
| Goldman Sachs Asset Management | Bidding Company | Company | Acquired a significant minority stake in CorpAcq to bolster its investment portfolio. |
| TDR Capital | Bidding Company | Company | Private equity firm that made a majority investment in CorpAcq. |
| Ropes & Gray | Legal Advisor | Company | Provided legal advisory services to Goldman Sachs Asset Management for the transaction. |
| Simon Saitowitz | Private Equity Partner | Person | Led the legal team from Ropes & Gray advising on the transaction. |
| Cormac McGrady | Associate | Person | Provided support in the legal advisory team at Ropes & Gray. |
| Elaine B. Murphy | Tax Partner | Person | Part of the tax advisory team at Ropes & Gray for the transaction. |
| Samuel M. Duncan | Tax Partner | Person | Part of the tax advisory team at Ropes & Gray for the transaction. |
| Andrew Howard | Tax Partner | Person | Part of the tax advisory team at Ropes & Gray for the transaction. |
| Denise S. Sohn | Tax Counsel | Person | Provided tax counsel in the Ropes & Gray team for the transaction. |
| Avi Laham | Tax Associate | Person | Supported the tax advisory team at Ropes & Gray for the transaction. |