M&A Deal Summary

KKR Acquires Hilding Anders

On September 30, 2013, private equity firm KKR acquired furniture company Hilding Anders from Candover Investments, Arle Capital Partners and European Capital

Acquisition Highlights
  • This is KKR’s 1st transaction in the Furniture sector.
  • This is KKR’s 2nd transaction in Sweden.

M&A Deal Summary
Date 2013-09-30
Target Hilding Anders
Sector Furniture
Buyer(s) KKR
Sellers(s) Candover Investments
Arle Capital Partners
European Capital
Deal Type Secondary Buyout

Target

Hilding Anders

Malmo, Sweden
Hilding Anders is a bed and mattress manufacturer which sells both branded and private-label products in over 40 markets and has delivered strong growth over the past decade. Hilding Anders was founded in 1939 and is based in Malmo, Sweden.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 132 of 484
Sector (Furniture) 1 of 2
Type (Secondary Buyout) 24 of 107
Country (Sweden) 2 of 4
Year (2013) 14 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 Haier

Qingdao, China

Haier is a manufacturer and distributor of home appliances. Haier provides refrigerators, freezers, washing machines, dryers, household, and commercial air-conditioners, purifiers, fresh air systems, electric water heaters, gas water heaters, solar water heaters, heat pump water heaters, vacuum cleaners. Haier was founded in 1984 and is based in Qingdao, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-09 Weststar Aviation Services

Kuala Lumpur, Malaysia

Weststar Aviation Services is a providers of offshore helicopter transportation services to oil and gas companies in the South East Asia region. Weststar Aviation Services was formed in 2003 and is based in Kuala Lumpur, Malaysia.

Buy -

Seller(S) 3

SELLER

Candover Investments

London, United Kingdom
Category Private Equity Firm
Founded 1980
PE ASSETS 8.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Candover Investments is a private equity firm that targets investments in European and Asian companies operating in broad range of industries. Candover's primary focus is on businesses located in Western Europe; including the UK, France, Germany, Italy, Scandinavia, and Spain. However, the Firm also considers opportunities in Asia and Eastern Europe. The Firm's target investment size is €150 to €500 million in businesses valued between €500 million and €5 billion. Sectors of interest include media, financial services, support services, leisure, healthcare, technology, and industrial. Candover Investments was formed in 1980 and is based in London.

DEAL STATS #
Overall 21 of 26
Sector (Furniture) 1 of 1
Type (Secondary Buyout) 11 of 12
Country (Sweden) 2 of 2
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 Qioptiq Group

Kroll, Luxembourg

Qioptiq designs and manufactures photonic products and solutions that serve a wide range of markets and applications in the areas of medical and life sciences, industrial manufacturing, defense and aerospace, and research and development.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-27 DX Group

Datchet, United Kingdom

DX Group provides parcel, freight, secure courier, and logistics services in the United Kingdom and Ireland. The company operates through two segments, DX Freight and DX Express. DX Group was founded in 1975 and is based in Datchet, the United Kingdom.

Sell -
SELLER

Arle Capital Partners

London, United Kingdom
Category Private Equity Firm
Founded 2011
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Arle Capital Partners Ltd. Is a private equity partnership firm focuses on acquiring business located in the UK, Scandinavia, and Western Europe. The Firm targets companies operating in the fields of energy, natural resources, industrial, and business services. It seeks to invest in companies with an enterprise value of up to €1 billion. Arle Capital spun-out of Candover Investments in 2011 and currently manages all of Candover's investment interests. The Firm is based in London.

DEAL STATS #
Overall 11 of 16
Sector (Furniture) 1 of 1
Type (Secondary Buyout) 7 of 7
Country (Sweden) 2 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-29 Capital Safety

Red Wing, Minnesota, United States

Capital Safety, Inc. is a provider of fall protection equipment for people working at height in a wide range of end user sectors including manufacturing, construction, oil and gas, and utilities.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-27 DX Group

Datchet, United Kingdom

DX Group provides parcel, freight, secure courier, and logistics services in the United Kingdom and Ireland. The company operates through two segments, DX Freight and DX Express. DX Group was founded in 1975 and is based in Datchet, the United Kingdom.

Sell -
SELLER

European Capital

London, United Kingdom
Category Private Equity Firm
Founded 2005
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

European Capital is the European investment affiliate of American Capital. European Capital looks to provide a variety of investment and financing solutions including unitranche debt, mezzanine capital, senior debt, and equity co-investment. Funds are typically used to support buyouts, recapitalizations, finance growth, and make acquisitions. European Capital is sector agnostic, however the Firm has a preference for investments in the consumer, technology, manufacturing, services, and distribution sectors. European Capital was formed in 2005 and is based in London.

DEAL STATS #
Overall 31 of 54
Sector (Furniture) 1 of 2
Type (Secondary Buyout) 13 of 24
Country (Sweden) 1 of 3
Year (2013) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 Qioptiq Group

Kroll, Luxembourg

Qioptiq designs and manufactures photonic products and solutions that serve a wide range of markets and applications in the areas of medical and life sciences, industrial manufacturing, defense and aerospace, and research and development.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-02 Biscuit International

Paris, France

Biscuit International is a European manufacturer of private-label sweet biscuits, including traditional, as well as organic, low-sugar and eco-friendly products. Biscuit International is based in Paris, France.

Sell -
Mergr

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