M&A Deal Summary

Eurazeo PME and Cathay Capital Private Equity Acquire DESSANGE International

On July 1, 2008, private equity firms Eurazeo PME and Cathay Capital Private Equity acquired franchising company DESSANGE International from NiXEN Partners

Acquisition Highlights
  • This is Eurazeo PME’s 1st and Cathay Capital Private Equity’s 1st transaction in the Franchising sector.
  • This is Eurazeo PME’s 14th and Cathay Capital Private Equity’s 4th transaction in France.

M&A Deal Summary

Date 2008-07-01
Target DESSANGE International
Sector Franchising
Buyer(s) Eurazeo PME
Cathay Capital Private Equity
Sellers(s) NiXEN Partners
Deal Type Secondary Buyout

Target

DESSANGE International

Paris, France
website
DESSANGE International operates and franchises a network of salons and beauty institutes in France and internationally. With around 1,600 salons in 47 countries, DESSANGE International bases its growth on the DESSANGE, Camille Albane, Fantastic Sams, and Phytodess brands. DESSANGE International was founded in 1954 and is based in Paris, France.

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Buyer(S) 2

DESCRIPTION

Eurazeo PME, formerly known as OFI Private Equity Capital. Eurazeo PME invests equity and mezzanine capital in secondary buyout transactions of unlisted French companies. The Firm looks for opportunities valued between €50 and €250 million. Areas of interest include chemicals, financial services, consumer services, retail, manufacturing, distribution, and life science. Eurazeo PME was formed in 1997 and is based in Paris.


DEAL STATS #
Overall 16 of 80
Sector (Franchising) 1 of 1
Type (Secondary Buyout) 4 of 30
Country (France) 14 of 53
Year (2008) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-01 Physitek Devices

Voisins-le-Bretonneux, France

Physitek Devices is a manufacturer and distributor of portable and laboratory equipment used for the analysis and control of materials. The products are marketed to property diagnosticians, manufacturers, laboratories, and environmental control professionals. Physitek Devices was founded in 1982 and is based in Voisins-le-Bretonneux, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 Auto Escape Group

London, United Kingdom

Auto Escape is a French car rental broker. Auto Escape Group offers leisure customers all-inclusive car hire services via its two brands: Auto Escape and Car del Mar. The company enjoys an international reach, ensuring rental car availability with almost 300 suppliers in 125 countries. Through its multi-channel model, Auto Escape Group provides negotiated prices and packages.

Sell -
Buyer

Cathay Capital Private Equity

Paris, France

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2006
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cathay Capital Private Equity SAS is a French Chinese private equity firm focused on acquiring businesses in France, Hong Kong, and China. Cathay looks to help Western companies leverage opportunities in China and help Chinese companies leverage Western best practices and partnerships. The Firm looks to invest in businesses generating €5 to €150 million in revenues. Areas of interest include retail, consumer goods, electrical equipment, medical devices, pharmaceuticals, animal healthcare, translation, food, consumer services, and software. Cathay Capital Private Equity SAS was formed in 2007 and is based in Paris. The firm has additional offices in New York and Shanghai.


DEAL STATS #
Overall 4 of 99
Sector (Franchising) 1 of 1
Type (Secondary Buyout) 1 of 16
Country (France) 4 of 41
Year (2008) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-01 C.C.D. International

Paris, France

C.C.D. International is a pharmaceutical laboratory specialized in women's healthcare: disposable (gynecological) devices, prescription/OTC drugs and care products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-01 Shandong Sinder Technology

Qingdao, China

Shandong Sinder Technology Co., Ltd. is a provider of an animal health solution for livestock and poultry breeding industry.

Buy -

Seller(S) 1

SELLER

NiXEN Partners

Paris, France

Investor

website


Category Private Equity Firm
Founded 1998
PE ASSETS 600M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

NiXEN is a French private equity group that targets investments in middle-market companies valued between €30 and €300 million. iXEN looks to invest €20 to €25 million of equity capital to support management buyouts/buy-ins, leveraged build-ups, owner buy-outs (OBOs), and public to private deals. The Firm is a 'hands-on' investment group and will consider opportunities in a variety of sectors, including manufacturing, consumer goods, specialist retailing, restaurants, and services. iXEN is supported by Natixis Private Equity and was formerly known as Natexis Industrie. The Firm was formed in 1998 and is based in Paris.


DEAL STATS #
Overall 6 of 27
Sector (Franchising) 1 of 1
Type (Secondary Buyout) 3 of 17
Country (France) 6 of 25
Year (2008) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-23 Maisons du Monde

Vertou, France

Maisons du Monde is a creator of inspirational lifestyle universes in the homeware industry, offering distinctive and affordable decoration and furniture collections that showcase multiple styles. The Group develops its business through an integrated and complementary omnichannel approach, leveraging its international network of stores, websites and catalogs. The Group was founded in France in 1996 and has profitably expanded across Europe since 2003. Maisons du Monde was founded in 1996 and is based in Vertou, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-23 Labco

Paris, France

Labco is a provider of medical diagnostic services. Labco also operates a large portfolio of hospital outsourcing contracts in Europe, providing services to both ambulatory care and hospitals. Labco was founded in 2003 and is based in Paris, 75010, France.

Buy €150M