M&A Deal Summary

PAI Partners Acquires M Group Services

On May 18, 2018, private equity firm PAI Partners acquired utilities company M Group Services from First Reserve

Acquisition Highlights
  • This is PAI Partners’ 2nd transaction in the Utilities sector.
  • This is PAI Partners’ 9th transaction in the United Kingdom.

M&A Deal Summary

Date 2018-05-18
Target M Group Services
Sector Utilities
Buyer(s) PAI Partners
Sellers(s) First Reserve
Deal Type Secondary Buyout

Target

M Group Services

Hertfordshire, United Kingdom
website
M Group Services is a service provider to the regulated infrastructure markets in the UK and Ireland through its utilities, transport, telecom, and data divisions. The Company operates through its subsidiaries that include Morrison Utility Services, Morrison Data Services, Dyer & Butler, Magdalene, PMP Utilities and M Group Services Plant & Fleet Solutions. M Group Services was formed in 1847 and is based in Hertfordshire, England.

Search 192,349 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

PAI Partners

Paris, France

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1998
PE ASSETS 16.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.


DEAL STATS #
Overall 59 of 90
Sector (Utilities) 2 of 2
Type (Secondary Buyout) 20 of 44
Country (United Kingdom) 9 of 14
Year (2018) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-08 World Freight

Roissy, France

World Freight is a Global Sales and Services Agents (“GSSA”) market. WFCI markets the cargo freight capacity of more than 190 airline customers serving every major air cargo market globally. It has played a signficant role in consolidating the GSSA market and operates through its subsidiaries including Air Logistics, Kales Group, ATC, Worldwide GSA, Hermes, and Platinum. World Freight was formed in 2004 and is based in Roissy, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-20 Asmodee

Guyancourt, France

Asmodee is an international publisher and distributor for board games, trading cards, and digital board games with over 39 million games sold annually in more than 50 countries. Through 22 fully owned studios and 300+ IPs, the company creates a dynamic transmedia experience for players across a variety of digital and physical platforms. Asmodee has a portfolio of 970+ games, of which some of the iconic game titles include Catan, Ticket to Ride, Pandemic, Dixit, Splendor, 7 Wonders, Just One, Dobble/Spot it!, Azul, Unlock!, Bezzerwizzer and Exploding Kittens. It also establishes licensing and distribution partnership with leading entertainment and technology companies on successful IPs such as Pokémon, Magic: The Gathering, Disney, Harry Potter, Lord of the Rings, Star Wars, Marvel, Dungeons & Dragons and Carcassonne. Asmodee was formed in 1995 and is based in Guyancourt, France.

Buy -

Seller(S) 1

SELLER

First Reserve

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1983
PE ASSETS 32.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

First Reserve is a specialist private equity firm focused on investments in energy companies. First Reserve targets equity investments of $50 to $500 million in companies valued from $100 million to $10 billion. Target areas of interest within the energy industry include energy manufacturing and services (drilling service providers and wellhead equipment manufacturers), energy infrastructure, energy reserves, renewable energy and alternative fuels, and energy related insurance and financial products. First Reserve was established in 1983 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 43 of 54
Sector (Utilities) 1 of 1
Type (Secondary Buyout) 5 of 6
Country (United Kingdom) 4 of 4
Year (2018) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-10 CHA

Albany, New York, United States

CHA is a diversified, full-service engineering consulting firm providing a wide range of technology-enhanced planning and design services to public, private and institutional clients. CHA was ranked the 36th largest design firm in the United States in 2017 by Engineering News Record and has annual revenue of $290 million. With technical personnel and offices throughout the United States and Canada, CHA offers engineering, architectural, survey, construction, and other services necessary to complete projects on time and within budget. CHA was founded in 1955 and is based in Albany, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Texas American Resources

Austin, Texas, United States

Texas American Resources Company is a privately held, independent oil & gas exploration & production company owns, manages, and operates producing and developable Eagle Ford and Austin Chalk assets in South Texas. As a multi-disciplined team specializing in geology, engineering, finance, and land, TARC uses a subsurface driven approach, utilizing the latest technology to maximize the recovery of hydrocarbons in an efficient and a responsible manner. Company headquartered in Austin, Texas and founded in 1990.

Sell -