Most companies move from private to public to expand their business and ensure growth and sustainability of the company however in this article of Insider Monkey most of these companies went private because of an acquisition. This often happens when a company is being undervalued in the public market and the buyer knows that the company can be acquired for cheap.
Here is a summary of Insider Monkey’s 12 Most Famous Companies That Went Private.
Barracuda Networks went private in 2017 when it was purchased by Thomas Bravo LLC; they provide security, storage and networking.
Jo-Ann Stores is one of the largest crafts and fabrics stores in the United States. It was delisted in the stock exchange after being acquired by Leonard Green, a deal worth $1.6 billion. They went private in 2011
Kinder Morgan is an energy infrastructure company. In 2006, the company underwent a leveraged buyout which was management led and was worth $2.2 billion.
Reader’s Digest went private in 2007 when a consortium of private-equity investors led Ripplewood Holdings bought the company.
Burger King is one of the most popular fast food chains in the world. It was purchased by 3G Capital for $3.26 billion and later on merged with Tim Hortons. They went private in 2014.
Toys “R” Us has been arguably the most popular toy store chain in the entire world with almost 800 stores worldwide but filed bankruptcy in 2017. In 2005, a consortium joined to conduct a leveraged buyout of the company which was worth $6.6 billion.
Panera Bread went private in 2017 when JAB Holdings acquired them in a $7 billion deal.
Alliance Boots is a pharmaceutical company in Europe. It was delisted in 2007 when AB Acquisitions Limited bought out the company with a deal worth $22.2 billion. They went private in 2012.
Heinz is the most famous and the oldest condiment company in the world. In 2013, Heinz was taken private by Berkshire Hathaway and the Brazilian company 3G Capital, worth $23 billion.
Dell went private in 2013 because of a leveraged buyout led by the founder of the company Michael Dell. It was relisted in 2016 after a merge with EMC Corporation
Hilton Worldwide Holdings is one of the most famous and biggest hotel chains in the world. They were bought by Blackrock for $26 billion in 2007.
EQ Office is a real estate company with the largest owner of office space in the US. It was bought by Blackstone for $39 billion back in 2007.
Read more of Insider Monkey 12 Most Famous Companies That Went Private here.