M&A Deal Summary

Bain Capital Private Equity Acquires Consolis

On December 23, 2016, private equity firm Bain Capital Private Equity acquired building materials company Consolis from LBO France and Bayside Capital

Acquisition Highlights
  • This is Bain Capital Private Equity’s 1st transaction in the Building Materials sector.
  • This is Bain Capital Private Equity’s 2nd transaction in Belgium.

M&A Deal Summary

Date 2016-12-23
Target Consolis
Sector Building Materials
Buyer(s) Bain Capital Private Equity
Sellers(s) LBO France
Bayside Capital
Deal Type Secondary Buyout

Target

Consolis

Brussels, Belgium
Consolis was formed by combining Consolis Oy Ab and French Bonna Sabla. Consolis is a precast concrete based solution provider and manufacturer of structural precast concrete elements.

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Buyer(S) 1

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 148 of 233
Sector (Building Materials) 1 of 2
Type (Secondary Buyout) 30 of 65
Country (Belgium) 2 of 3
Year (2016) 13 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 Epic Health Services

Dallas, Texas, United States

Epic Health Services, Inc. is a provider of pediatric services are designed to provide a high quality, lower cost alternative to prolonged hospitalization for medically fragile and chronically ill children.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 MSX International

Detroit, Michigan, United States

MSX Internationa is an international provider of consulting, business process outsourcing, technical staffing, and vendor management services and solutions to the automotive industry. MSX International is based in Detroit, Michigan.

Buy -

Seller(S) 2

SELLER

LBO France

Paris, France

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1985
PE ASSETS 5.4B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

LBO France is an independent private equity group focused on acquiring majority stakes in French firms, or companies with French management. LBO France manages several funds, each targeting different types of businesses. The Firm's mid-market fund looks to acquire majority or minority stakes in companies valued from €100 million to €2.5 billion. The mid-market fund generally looks at companies with predictable sales, profits and cash flow, but will also consider businesses with under-utilized assets. LBO France's small cap fund targets majority stakes in smaller, profitable businesses valued from €10 to €100 million, with strong potential for growth or consolidation. In addition to its equity funds, LBO France also invests in real estate and provides LBO loans issued by medium-sized European companies (enterprise value between €150m and €2bn). LBO France was formed in 1985 and is based in Paris.


DEAL STATS #
Overall 39 of 55
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 24 of 31
Country (Belgium) 1 of 1
Year (2016) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-29 Groupe Mom

Paris, France

Groupe Mom is a Paris based provider of healthy snacks, fruit pouches, and squeezable applesauce.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-24 Chryso

Issy-les-Moulineaux, France

Chryso is an international producer of additives and admixtures which improve the performance of concrete and cement, and construction systems for the repair and maintenance of buildings. Additives and admixtures are used in concrete and cement in order to improve properties such as ease of handling, setting/dying time, fluidity, and resistance to mechanical damage. Formulations are manufactured for use in concrete repair, flooring, adhesives, and waterproofing. Chryso is based in Issy-les-Moulineaux, France.

Sell -
SELLER

Bayside Capital

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Lender
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bayside Capital is the credit affiliate of mega-sized private equity firm, HIG Capital. The Firm is split into three groups, Bayside Credit Partners, Bayside Fixed Income, and Bayside Special Situations. Within its operating segments, the Firm provides a variety of equity and debt financing solutions to a variety of private and public companies. Bayside typically targets businesses with revenues in excess of $50 million and will invest $10 to $100 million per transaction. Bayside will invest in companies across a broad spectrum of industries, including business services, manufacturing, healthcare, retail, food/agriculture, and specialty finance. The Firm will not invest in start-up enterprises, real estate ventures, or project finance. Although Bayside seeks to purchase a controlling interest in its portfolio companies, the firm will consider promising minority investments. Bayside prefers companies with substantial operations in the United States and Canada, but will consider opportunities in Europe. Bayside Capital has offices in Miami, Atlanta, Boston, and San Francisco.


DEAL STATS #
Overall 5 of 8
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 1 of 2
Country (Belgium) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 Pendum

Elmhurst, Illinois, United States

Pendum is a national independent ATM service provider for ATMs and other cash automation equipment for national and community banks, credit unions, off-premise deployers, gaming and retail establishments. Pendum draws on more than 25 years of dedicated service to the ATM industry to bring customers flexible, consultative solutions that reduce costs and improve uptime.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-23 Ready Pac Foods

Irwindale, California, United States

Ready Pac Foods, Inc. is a producer and marketer of high-quality fresh foods, including cut, washed, packaged and ready-to-eat produce. With facilities around the country.

Sell -