M&A Deal Summary

TowerBrook Capital Partners, Sagard and Bpifrance Investissement Acquire Sabena Technics

On January 23, 2019, private equity firm TowerBrook Capital Partners, asset manager Sagard and Bpifrance Investissement acquired aerospace company Sabena Technics

Acquisition Highlights
  • This is TowerBrook Capital Partners’ 3rd, Sagard’s 2nd and Bpifrance Investissement’s 1st transaction in the Aerospace sector.
  • This is TowerBrook Capital Partners’ 11th, Sagard’s 25th and Bpifrance Investissement’s 33rd transaction in France.

M&A Deal Summary
Date 2019-01-23
Target Sabena Technics
Sector Aerospace
Buyer(s) TowerBrook Capital Partners
Sagard
Bpifrance Investissement
Deal Type Buyout (LBO, MBO, MBI)

Target

Sabena Technics

Paris, France
website
Sabena Technics is a provider of maintenance, repair, and overhaul (MRO) services for both the military and civil aerospace sector. Sabena Technics was founded in 1968 and is based in Paris, France.

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Buyer(S) 3

Buyer

TowerBrook Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2001
PE ASSETS 17.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TowerBrook Capital Partners is a private equity firm focused on leveraged buyouts, leveraged build-ups and distressed situation investments throughout North America and Europe. TowerBrook prefers control-oriented investments and actively pursues complex situations that other firms may avoid. Target sectors include consumer services, distribution, beverages, pharmaceuticals, media, technology, communications, software, and healthcare. TowerBrook Capital Partners was established in 2001 and is headquartered in New York City.

DEAL STATS #
Overall 62 of 92
Sector (Aerospace) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 29 of 33
Country (France) 11 of 17
Year (2019) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 Orchid

Vero Beach, Florida, United States

Orchid is a managing general underwriter providing specialty property and casualty insurance products to homeowners, high net worth individuals and small businesses, primarily in coastal regions throughout the U.S. and the Caribbean. Orchid provides proprietary insurance solutions for hard-to-place risks to a growing, national network of retail agents and other strategic distribution partners. Orchid was founded in 1998 and is based in Vero Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-25 GSE Group

Avignon, France

GSE is a provider of complex turnkey facilities for large logistics and distribution companies in Western Europe. GSE simplifies the process of expanding and building new facilities for its customers by taking the full ownership of the project from conception to delivery, offering a fixed price and project deadline.

Sell -
Buyer

Sagard

Paris, France

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 2001
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Sagard is a multi-strategy alternative investment manager that invests across a variety of asset classes. These include private equity, public equity, private credit, royalties, and venture capital. Prospective transactions typically include buyouts or growth capital financings, where Sagard will consider either majority or minority positions. Sagard was formed in 2001 and is based in Montreal, Quebec.

DEAL STATS #
Overall 29 of 36
Sector (Aerospace) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 13 of 15
Country (France) 25 of 29
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 Les Délices des 7 Vallées

Tincques, France

Les Délices des 7 Vallées is a provider of premium frozen desserts that are sold in speciality department stores, retail outlets, and restaurants in France, as well as in export markets (22% of sales). The company produces around 700 different dessert items and is the leader in the French market for mini-doughnuts and mini-muffins. Les Délices des 7 Vallées was founded in 1996 and is based in Tincques, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 Vulcain Ingénierie

Neuilly- Sur- Seine, France

Vulcain Ingénierie is a French engineering consultancy group. Vulcain Ingénierie specializes in the energy, oil and gas, pharmaceutical and transportation sectors. The business has grown into a key market player and has established a strong reputation with its customers, providing them with dedicated and specialised engineering resources. SA Vulcain Ingénierie was founded in 1998 and is based in Neuilly- Sur- Seine, France.

Buy -
Buyer

Bpifrance Investissement

website

Category Private Equity Firm
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 33 of 76
Sector (Aerospace) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 10 of 21
Country (France) 33 of 75
Year (2019) 1 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-19 UNITe

Lyon, France

UNITe is an independent electricity producer and operates a portfolio of 21 hydroelectric facilities, making it one of the leading independents in France, and two wind farms. The entity has 42 MW in installed capacity and generates 148 GWh in electricity from renewable sources. UNITe is based in Lyon, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-29 LPCR Group

Clichy, France

LPCR Group is a fast-growing childcare provider operating a network of more than 110 nurseries. The company either operates its own nurseries, for corporations ready to sponsor cradles for their employees (private nurseries), or manages nurseries on behalf of local authorities (outsourced nurseries). LPCR Group was founded in 2000 and is based in Clichy, France.

Buy -
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