M&A Deal Summary

Teslin Capital Management and KKR Acquire Accell Group

On July 20, 2022, asset manager Teslin Capital Management and private equity firm KKR acquired consumer products company Accell Group

Acquisition Highlights
  • This is Teslin Capital Management’s 2nd and KKR’s 16th transaction in the Consumer Products sector.
  • This is Teslin Capital Management’s 9th and KKR’s 15th transaction in the Netherlands.

M&A Deal Summary

Date 2022-07-20
Target Accell Group
Sector Consumer Products
Buyer(s) Teslin Capital Management
KKR
Deal Type Going Private

Target

Accell Group

Heerenveen, Netherlands
website
Accell Group is an entity which owns several European bicycle manufacturers. In addition to producing bikes, the Accell Group is also involved in the production of fitness equipment and other consumer products. Accell Group is based in Heerenveen, Netherlands.

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Buyer(S) 2

DESCRIPTION

Teslin Capital Management is an investment firm focused on small to medium-sized listed company investments. The Firm targets businesses throughout the Netherlands and nearby regions with an emphasis on sustainable value creation. Teslin Capital Management was founded in 1991 and is based in Maarsbergen, the Netherlands.


DEAL STATS #
Overall 10 of 10
Sector (Consumer Products) 2 of 2
Type (Going Private) 2 of 2
Country (Netherlands) 9 of 9
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-05 HyET Solar

Arnhem, Netherlands

HyET Solar is a manufacturer and developer of photovoltaic films. HyET Solar is based in Arnhem, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-21 Ordina

Nieuwegein, Netherlands

Ordina is a provider of consulting, solutions, and IT in the Netherlands, Belgium, and Luxembourg. Ordina was founded in 1973 and is based in Nieuwegein, Netherlands.

Sell -
Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B 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 409 of 429
Sector (Consumer Products) 16 of 16
Type (Going Private) 28 of 31
Country (Netherlands) 15 of 16
Year (2022) 10 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-14 Essential Accessibility

Toronto, Ontario, Canada

Essential Accessibility is an accessibility-as-a-Service platform that makes digital assets conform with WCAG and compliant with ADA, AODA, Section 508, and other anti-discrimination laws. Its comprehensive solution provides everything you need to create and maintain fully accessible web, mobile, and product experiences to ensure customers of all abilities have equal access. Essential Accessibility is based in Toronto Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-05 NetSPI

Minneapolis, Minnesota, United States

NetSPI is a provider of application and network security testing solutions that support organizations in scaling and operationalizing their threat and vulnerability management programs. The solution portfolio includes both security testing services and a software platform, CorrelatedVM®, trusted by many of the Fortune 250. NetSPI's clients consist of financial institutions, healthcare providers, retailers, and technology companies. NetSPI was founded in 2001 and is based in Minneapolis, Minnesota and has additional offices in New York and Portland.

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