3i Private Equity Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, 3i Private Equity has acquired 9 companies. It has also invested in 1 other.

3i Private Equity’s most common sectors for investment are business services (11%) and transportation (8%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (49%) and growth capital (19%). In total, 3i Private Equity has invested in 11 US states and 25 different countries. Its largest (disclosed) acquisition occurred in 2007 when it acquired IQVIA Holdings for $3.0B.

In the last 3 years, 3i Private Equity has exited 6 companies. The Firm’s most common exit type is secondary buyout (44%). 3i Private Equity’s largest (disclosed) exit occurred in 2007 when it sold Vetco Gray for $1.9B.

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M&A Summary

  • M&A Total Activity409
    • M&A Buy Activity234
    • M&A Sell Activity175
  • Total Sectors Invested 47
  • Total Countries Invested 25
  • M&A Buy/Sell Connections 109
  • M&A Advisors 30

3i Private Equity

16 Palace Street,
London, SW1E 5JD
United Kingdom
+44 (0)20 7928 3131
www.3i.com/our-business/private-equity
london@3i.com

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


Investment Criteria

Sectors of Interest: Aerospace, Airlines, Apparel/Textiles, Automotive, Beverages, Building Materials, Business Services, Chemicals, Communications, Construction, Consumer Products, Consumer Services, Distribution, Education, Electrical Equipment, Energy Services and Equipment, Engineering, Environmental, Financial Services, Food, Healthcare Services, Information Technology, Infrastructure, Insurance, Internet Software and Services, Leisure, Life Science, Machinery, Manufacturing, Marine, Marketing, Media, Medical Products, Oil/Gas Exploration, Publishing, Real Estate, Renewable Energy, Restaurants, Retail, Safety/Security, Semiconductors, Software, Technology Hardware, Test/Measurement Equipment, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Growth Capital, Add-on Acquisition

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Scandinavia, Asia/Pacific, Australia/New Zealand

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value 100 500
values in millions of EUR

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (2.4/yr) # 222 2 4 - 4 2 234
vol $16.2B $225M $18M $16.4B
Sell (2.2/yr) # 164 5 5 - 1 - 175
vol $24.7B $674M $108M $25.5B
  409

Most Recent M&A

Company Date Value Type
A-Z Gartenhaus GmbH 2020-09-22 - Buyout (LBO, MBO, MBI)
Hamburg, Germany · www.gartenhaus-gmbh.de
Sani-Tech West, Inc. 2020-07-28 - Buyout (LBO, MBO, MBI)
Camarillo, California · www.sani-techwest.com
Aspen Pumps Ltd. 2019-12-18 - Secondary Buyout
East Sussex, United Kingdom · www.aspenpumps.com
Evernex 2019-07-19 - Secondary Buyout
Paris, France · www.evernex.com
Regional Rail LLC 2019-04-01 - Secondary Buyout
Kennett Square, Pennsylvania · www.regional-rail.com
Magnitude Software, Inc. 2019-03-19 - Secondary Buyout
Austin, Texas · www.magnitude.com
MFM Capital S.r.l. 2019-01-14 18M EUR Divestiture
, Italy
Hobbs Ltd. 2017-11-07 - Add-on Acquisition
London, United Kingdom · www.hobbs.co.uk
Cirtec Medical 2017-08-04 - Secondary Buyout
Brooklyn Park, Minnesota · www.cirtecmed.com
Monitise plc 2017-06-13 108M GBP Add-on Acquisition
London, United Kingdom · www.monitise.co.uk
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Formel D GmbH 2017-05-12 CPS Quality 2019-07-16 1
Troisdorf, Germany · www.formeld.com Oyonnax, France · www.cps-quality.fr
Cirtec Medical 2017-08-04 Metrigraphics LLC 2018-12-21 4
Brooklyn Park, Minnesota · www.cirtecmed.com Lowell, Massachusetts · www.metrigraphicsllc.com
Hans Anders Retail Group BV 2017-04-10 Eyes and More NL (eyes + more) 2018-12-11 1
Gorinchem, Netherlands · www.hansanders.nl Son, Netherlands · www.eyesandmore.nl
Cirtec Medical 2017-08-04 Cactus Semiconductor, Inc. 2018-10-31 3
Brooklyn Park, Minnesota · www.cirtecmed.com Chandler, Arizona · www.cactussemiconductor.com
Weener Plastic GmbH 2015-06-04 Proenfar SAS 2018-04-23 1
Weener/Ems, Germany · www.wppg.com Bogota, Colombia · www.proenfar.com
Cirtec Medical 2017-08-04 Vascotube GmbH 2017-12-04 2
Brooklyn Park, Minnesota · www.cirtecmed.com Birkenfeld, Germany · www.vascotube.com
Cirtec Medical 2017-08-04 Top Tool Co. 2017-08-07 1
Brooklyn Park, Minnesota · www.cirtecmed.com Minneapolis, Minnesota · www.toptool.com
Q Holding Co. (dba Qure Medical) 2014-12-22 Degania Silicone Ltd. (Degania Medical) 2016-11-28 2
Twinsburg, Ohio · www.lexingtonprecision.com Emek Hayarden, Israel · www.degania-medical.com
Q Holding Co. (dba Qure Medical) 2014-12-22 Silicone Altimex Ltd. 2015-08-03 1
Twinsburg, Ohio · www.lexingtonprecision.com Stapleford, United Kingdom · www.silalt.co.uk
OneMed Group Oy 2010-12-10 Bosman Medical Devices 2015-01-09 1
Helsinki, Finland · www.onemed.com Eindhoven, Netherlands · www.bosman.com

M&A by Sector

Sector Current # Value All-time # Value
Business Services 6 (10%) 18M (< 1%) 24 (10%) 425M (3%)
Transportation 4 (7%) 986M (25%) 17 (7%) 1.8B (11%)
Retail 5 (9%) 225M (6%) 13 (6%) 256M (2%)
Manufacturing 5 (9%) - 13 (6%) 53M (< 1%)
Healthcare Services 1 (2%) 310M (8%) 10 (4%) 1.1B (7%)
Machinery 2 (3%) 933M (23%) 8 (3%) 1.4B (8%)
Consumer Products 3 (5%) - 8 (3%) 225M (1%)
Information Technology 1 (2%) - 8 (3%) 215M (1%)
Media 3 (5%) - 8 (3%) -
Energy Services and Equipment 2 (3%) - 7 (3%) 925M (6%)
Electrical Equipment 2 (3%) - 7 (3%) 30M (< 1%)
Food 1 (2%) - 7 (3%) 24M (< 1%)
Life Science 2 (3%) - 6 (3%) 3.6B (22%)
Oil/Gas Exploration - - 6 (3%) 849M (5%)
Financial Services 1 (2%) - 6 (3%) 256M (2%)
Distribution 1 (2%) - 5 (2%) 791M (5%)
Chemicals 1 (2%) 152M (4%) 5 (2%) 489M (3%)
Apparel/Textiles - - 5 (2%) 300M (2%)
Construction 1 (2%) - 5 (2%) 42M (< 1%)
Consumer Services 2 (3%) 854M (21%) 4 (2%) 885M (5%)
Engineering 2 (3%) - 4 (2%) 274M (2%)
Publishing - - 4 (2%) -
Building Materials 1 (2%) 417M (10%) 3 (1%) 571M (3%)
Environmental 1 (2%) - 3 (1%) 285M (2%)
Beverages - - 3 (1%) 270M (2%)
Leisure 1 (2%) - 3 (1%) 154M (1%)
Marine - - 3 (1%) 62M (< 1%)
Restaurants 1 (2%) - 3 (1%) 20M (< 1%)
Automotive - - 3 (1%) -
Communications - - 3 (1%) -
Insurance 1 (2%) - 3 (1%) -
Internet Software and Services - - 3 (1%) -
Aerospace - - 2 (1%) 479M (3%)
Test/Measurement Equipment - - 2 (1%) 329M (2%)
Medical Products 2 (3%) 81M (2%) 2 (1%) 81M (< 1%)
Marketing - - 2 (1%) 31M (< 1%)
E-Commerce 2 (3%) - 2 (1%) -
Furniture 1 (2%) - 2 (1%) -
Plastics 2 (3%) - 2 (1%) -
Renewable Energy - - 2 (1%) -
Safety/Security - - 2 (1%) -
Software 1 (2%) - 2 (1%) -
Information Services - - 1 (< 1%) 123M (1%)
Electronics - - 1 (< 1%) 35M (< 1%)
Education - - 1 (< 1%) -
Packaging - - 1 (< 1%) -
Real Estate - - 1 (< 1%) -
Total 58 $4.0B 235 $16.4B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United Kingdom 7 (12%) 854M (21%) 67 (29%) 4.0B (24%)
France 7 (12%) 569M (14%) 28 (12%) 1.7B (10%)
Spain 7 (12%) - 21 (9%) 378M (2%)
Germany 8 (14%) - 17 (7%) 338M (2%)
United States 7 (12%) 110M (3%) 17 (7%) 3.2B (20%)
  Texas 2 (3%) - 3 (1%) -
  Ohio 1 (2%) - 2 (1%) -
  California 1 (2%) - 2 (1%) -
  New York - - 2 (1%) 126M (1%)
  New Jersey - - 2 (1%) -
  Wisconsin 1 (2%) 110M (3%) 1 (< 1%) 110M (1%)
  Pennsylvania 1 (2%) - 1 (< 1%) -
  Minnesota 1 (2%) - 1 (< 1%) -
  North Carolina - - 1 (< 1%) 3.0B (18%)
  Massachusetts - - 1 (< 1%) -
Sweden 1 (2%) - 15 (6%) 415M (3%)
Netherlands 3 (5%) 535M (13%) 13 (6%) 1.7B (11%)
Finland 1 (2%) - 8 (3%) 274M (2%)
India 5 (9%) - 7 (3%) -
China 3 (5%) 81M (2%) 7 (3%) 166M (1%)
Italy 2 (3%) 841M (21%) 7 (3%) 864M (5%)
Denmark 3 (5%) 986M (25%) 6 (3%) 986M (6%)
Belgium 1 (2%) - 4 (2%) 540M (3%)
Switzerland 1 (2%) - 3 (1%) 479M (3%)
Singapore 1 (2%) - 3 (1%) -
Norway - - 3 (1%) 1.2B (7%)
Brazil 1 (2%) - 1 (< 1%) -
Canada - - 1 (< 1%) -
  Ontario - - 1 (< 1%) -
Australia - - 1 (< 1%) -
Bermuda - - 1 (< 1%) -
Channel Islands - - 1 (< 1%) -
Hong Kong - - 1 (< 1%) -
Ireland - - 1 (< 1%) -
Luxembourg - - 1 (< 1%) -
Romania - - 1 (< 1%) -
Domestic 7 (12%) 854M (21%) 67 (29%) 4.0B (24%)
Cross-border 51 (88%) 3.1B (79%) 168 (71%) 12.3B (76%)
Total 58 $4.0B 235 $16.2B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 19 (33%) 310M (8%) 114 (48%) 5.0B (31%)
Growth Capital 12 (21%) - 44 (19%) 237M (1%)
Secondary Buyout 16 (28%) 2.7B (67%) 37 (16%) 4.9B (30%)
Stake Purchase 9 (16%) 986M (25%) 17 (7%) 986M (6%)
Divestiture 1 (2%) 18M (< 1%) 8 (3%) 1.8B (11%)
Recapitalization - - 5 (2%) 3.0B (18%)
Venture 1 (2%) - 5 (2%) 30M (< 1%)
Going Private - - 4 (2%) 315M (2%)
PIPE - - 2 (1%) 11M (< 1%)
Total 58 $4.0B 236 $16.3B

Exits by Deal Type

Type Total # Value
Secondary Sale 84 (48%) 12.2B (48%)
Trade Sale 31 (18%) 6.8B (27%)
Trade Sale - Public Company 26 (15%) 5.9B (23%)
IPO 18 (10%) -
Sold to Management 9 (5%) 22M (< 1%)
Unknown 3 (2%) -
Sold to Existing Investors 2 (1%) -
Stake Sale 1 (1%) 603M (2%)
1 (1%) -
Merger 1 (1%) -
Total 176 $25.4B

Top M&A Advisors

Financial Deals
Canaccord Genuity Corp.
7
Robert W. Baird & Co., Inc.
5
Close Brothers Group plc
3
Legal Deals
Clifford Chance LLP
5
Addleshaw Goddard LLP
3
Willkie Farr & Gallagher LLP
2

Deal Values

buy # Total
> $1B 1 $3.0B
$100M to $1B 37 $12.5B
< $100M 24 $866M
TOTAL $16.4B
Largest IQVIA Holdings, Inc.
$3.0B (2007-12-21)
sell # Total
> $1B 4 $6.2B
$100M to $1B 45 $18.4B
< $100M 21 $953M
TOTAL $25.5B
Largest Vetco Gray
$1.9B (2007-02-23)

M&A Connections

Deals %
Acquired from
PE Firm(s)
88%
49 88%
Strategic(s)
13%
7 13%
Exited to
PE Firm(s)
64%
96 64%
Strategic(s)
36%
53 36%

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