Investment Summary

TowerBrook Capital Partners and Apollo Global Management Exits BMI Group

On June 24, 2014, invested in building materials company BMI Group from TowerBrook Capital Partners and Apollo Global Management

Investment Highlights
  • This is transaction in the Building Materials sector.
  • This is transaction in the United Kingdom.
Investment Fate
  • BMI Group was sold to a financial buyer in 2016.
  • BMI Group was sold to a consortium of buyers in 2016 for 1.1B EUR.

Investment Summary

Date 2014-06-24
Target BMI Group
Sector Building Materials
Sellers(s) TowerBrook Capital Partners
Apollo Global Management
Deal Type IPO

Target

BMI Group

Reading, United Kingdom
BMI Group is a supplier of pitched roofing products. The company manufactures and sells a comprehensive range of concrete and clay tiles for pitched roofs, roofing components, and chimney systems, serving the new build and renovation segments for residential and nonresidential markets. BMI Group is based in Reading, United Kingdom.

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Seller(S) 2

SELLER

TowerBrook Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 22.8B 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 20 of 47
Sector: Building Materials M&A 1 of 3
Type: IPO M&A Deals 6 of 9
Country: United Kingdom M&A 2 of 9
Year: 2014 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-17 Ironshore

Hamilton, Bermuda

Ironshore, Inc. is a provider of broker-sourced specialty property and casualty insurance coverages for varying risks on a global basis through its international platforms.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-02 Sound Physicians

Nashville, Tennessee, United States

Sound Physicians is a physician-founded and led organization providing services across the acute episode of care - through emergency medicine, critical care, hospital medicine, transitional care and advisory services. Sound Physicians was founded in 2001 and is based in Nashville, Tennessee.

Sell -
SELLER

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 17 of 77
Sector: Building Materials M&A 1 of 2
Type: IPO M&A Deals 8 of 19
Country: United Kingdom M&A 2 of 6
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-28 CSV Midstream Solutions

Calgary, Alberta, Canada

CSV Midstream Solutions offers complete midstream solutions in natural gas and natural gas liquids (NGL) processing. CSV Midstream Solutions engineer, design, construct and operate full-service infrastructure, including sour and sweet gas processing, liquids handling and fractionation, and gas gathering and transmission pipelines. CSV Midstream Solutions primary focus is the emerging development of Western Canadian natural gas. CSV Midstream Solutions was founded in 2014 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-24 Express Energy Services

Houston, Texas, United States

Express Energy Services is a provider of rental equipment and services to the oil and gas industry. Express Energy Services was founded in 2000 and is based in Houston, Texas.

Buy -