M&A Deal Summary |
|
|---|---|
| Date | 2004-07-01 |
| Target | IRIS |
| Sector | Software |
| Buyer(s) | HgCapital |
| Sellers(s) | Lloyds TSB Development Capital |
| Deal Type | Secondary Buyout |
| Deal Value | 102M GBP |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 65.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.
| DEAL STATS | # |
|---|---|
| Overall | 17 of 137 |
| Sector (Software) | 3 of 41 |
| Type (Secondary Buyout) | 3 of 47 |
| Country (United Kingdom) | 12 of 58 |
| Year (2004) | 2 of 5 |
| Size (of disclosed) | 19 of 31 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-06-24 |
Xyratex
Hampshire, United Kingdom Xyratex is a world-leading storage technology company, focused on creating essential building blocks for data storage networks, and technology for enabling high-performance digital communication networks and storage devices. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-10-05 |
Clarion Events
London, United Kingdom Clarion is an event organizer, producing and delivering innovative and market-leading events since 1947. In more recent times the firm has grown into a truly international business, with a portfolio of events and media brands across a range of vertical markets. |
Buy | £50M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 2.0B USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Lloyds TSB Development Capital Ltd (LDC) is the private equity arm of Lloyds Banking Group Plc and invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. Lloyds TSB Development Capital Ltd was formed in 1981 and is based in London.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 188 |
| Sector (Software) | 1 of 16 |
| Type (Secondary Buyout) | 1 of 70 |
| Country (United Kingdom) | 2 of 182 |
| Year (2004) | 1 of 5 |
| Size (of disclosed) | 15 of 61 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-06-13 |
Squaregain
London, United Kingdom Squaregain Limited is the UK’s second largest online broker, the market leader in the covered warrants market and the third largest retail stock broker in the UK by share trading volumes.Squaregain Limited previously known as comdirect Limited. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-08-12 |
Aqualux Products
Wednesbury, United Kingdom Aqualux Products Ltd is the UK's leading supplier of shower enclosures and bath screens. |
Buy | - |
