M&A Deal Summary

Ardian and ICG Acquire `Gealan

On December 10, 2004, private equity firm Ardian and mezzanine finance firm ICG acquired building materials company `Gealan

Acquisition Highlights
  • This is Ardian’s 4th and ICG’s 2nd transaction in the Building Materials sector.
  • This is Ardian’s 3rd and ICG’s 12th transaction in Germany.
Investment Fate
  • `Gealan was sold to a consortium of financial buyers in 2011.
  • `Gealan was sold to a strategic buyer in 2014.

M&A Deal Summary

Date 2004-12-10
Target `Gealan
Sector Building Materials
Buyer(s) Ardian
ICG
Deal Type Buyout (LBO, MBO, MBI)

Target

`Gealan

Oberkotzau, Germany
Gealan is a manufacturer of plastic window systems producing frames for window manufacturers, with a growth focus on Eastern Europe. Gealan was founded in 1921 and is based in Oberkotzau, Germany.

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Buyer(S) 2

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 18 of 465
Sector: Building Materials M&A 4 of 16
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 124
Country: Germany M&A 3 of 30
Year: 2004 M&A 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-22 ModeLabs

Paris, France

Customized design manufacturer specialising in the creation and development of made-to-measure mobile telecoms terminals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Spotless Group SAS

Neuilly-sur-seine, France

Spotless Group is a manufacturer of branded laundry care, insecticides and household products.

Buy -
Buyer

ICG

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 33.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 120 of 294
Sector: Building Materials M&A 2 of 12
Type: Buyout (LBO, MBO, MBI) M&A Deals 76 of 112
Country: Germany M&A 12 of 24
Year: 2004 M&A 17 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-02 Picard

Fontainebleau, France

Picard is a frozen food retailer in France, with a product range that covers over 1,100 SKUS across nine product categories, from starters to desserts and from raw ingredients to prepared meals. Picard was founded in 1906 and is based in Fontainebleau, France.

Sell €1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-22 TeamSystem

Pesaro, Italy

TeamSystem is a provider of accounting, payroll, and business management software for accountants and small and medium-sized enterprises. TeamSystem offers a broad range of mission-critical, on-premise and cloud solutions to a diversified base of its customers. TeamSystem was founded in 1979 and is based in Pesaro, Italy.

Buy -