M&A Deal Summary

Ardian Acquires Trigo

On April 13, 2016, private equity firm Ardian acquired business services company Trigo from IK Partners

Acquisition Highlights
  • This is Ardian’s 19th transaction in the Business Services sector.
  • This is Ardian’s 133rd transaction in France.

M&A Deal Summary

Date 2016-04-13
Target Trigo
Sector Business Services
Buyer(s) Ardian
Sellers(s) IK Partners
Deal Type Secondary Buyout
Advisor(s) Paul Hastings (Legal)

Target

Trigo

Nanterre, France
website
Trigo is a provider of components quality inspection and conformity upgrade services. Trigo’s main activity is to provide quality inspection services to automotive original equipment manufacturers (“OEMs”) on behalf of their suppliers. Trigo was founded in 1997 and is based in Nanterre, France.

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Buyer(S) 1

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 264 of 416
Sector (Business Services) 19 of 35
Type (Secondary Buyout) 81 of 135
Country (France) 133 of 185
Year (2016) 13 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-05 Insight Global

Atlanta, Georgia, United States

Insight Global is a provider of employment solutions to Fortune 500 customers across the United States and Canada. Insight Global provides long-term, short-term, temporary-to-permanent, placement staffing, and enhanced staffing services. Insight Global was founded in 2001 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-14 Hawk

Paris, France

Hawk is a provider in the real-time purchase of mobile advertising space (known as programmatic buying or real-time bidding). Hawk offers media agencies and advertisers an integrated solution that allows them to manage all their purchasing and distribution processes for mobile advertising campaigns in real-time, maximizing their return on investment across all mobile devices. Hawk was founded in 2013 and is based in Paris, France.

Buy -

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Ik Investment Partners Ltd. (Formerly Industri Kapital) is a private equity firm that targets control investments in mid-sized manufacturing and service companies located in select European countries. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The firm looks to commit €50 to €150 million of equity capital per transaction and targets companies with 'a proven ability to generate significant cash flow' as well as an ability to 'sustain growth through various economic cycles'. IK Investment Partners was formerly known as Industry Kapital. IK Investment Partners was formed in 1989 and has offices in Hamburg, London, Paris, and Stockholm.


DEAL STATS #
Overall 70 of 109
Sector (Business Services) 8 of 12
Type (Secondary Buyout) 24 of 44
Country (France) 11 of 21
Year (2016) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-04 Touristry

Stockholm, Sweden

Touristry is a provider of tourism related services. Touristry operator of sightseeing buses and boats in the Nordic capitals as well as provider of tourism related services. Touristry was founded in 2011 and is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-24 Marle

Lyon, France

Marle is an independent implant contract manufacturing company in Europe. Marle has become a major company in the orthopaedic industry. The Company provides specialised manufacturing services for the production of a wide range of hip, knee, shoulder, spine and extremities implants as well as orthopaedic instruments of the highest quality. Marle was founded in 1964 and is based in Lyon, France.

Buy -