M&A Deal Summary

Advent International, Brera Capital Partners and CD&R Acquire Italtel Group

On June 30, 2000, private equity firms Advent International, Brera Capital Partners and CD&R acquired communications company Italtel Group from Telecom Italia for 1.0B EUR

Acquisition Highlights
  • This is Advent International’s 13th, Brera Capital Partners’ 1st and CD&R’s 1st transaction in the Communications sector.
  • This is Advent International’s 21st, Brera Capital Partners’ 0th and CD&R’s 20th largest (disclosed) transaction.
  • This is Advent International’s 4th, Brera Capital Partners’ 1st and CD&R’s 1st transaction in Italy.

M&A Deal Summary

Date 2000-06-30
Target Italtel Group
Sector Communications
Buyer(s) Advent International
Brera Capital Partners
CD&R
Sellers(s) Telecom Italia
Deal Type Divestiture
Deal Value 1.0B EUR

Target

Italtel Group

Milan, Italy
website
Italtel Group SpA is a suppliers of telecommunication systems worldwide. Italtel's core business is the design, development and implementation of new-generation integrated multi-service networks (voice/data/video), accompanied by a full range of support services. Its solutions are intended for traditional carriers, emerging telecom operators, Internet Service Providers and major corporations.

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Buyer(S) 3

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 71 of 330
Sector (Communications) 13 of 18
Type (Divestiture) 3 of 37
Country (Italy) 4 of 10
Year (2000) 8 of 15
Size (of disclosed) 21 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-01 MFM Sp.z o.o.

Warsaw, Poland

MFM Sp.z o.o. Radio Kolor is Warsaw-based radio broadcaster.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-12 Resort Sports Network

Portland, Michigan, United States

Resort Sports Network, Inc. is a national cable TV and Web network for outdoor enthusiasts in resort communities.

Buy -
Buyer

Brera Capital Partners

New York, New York, United States

website


Category Private Equity Firm
Founded 1997
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Brera Capital Partners LLC is a private equity firm that seeks controlling positions in companies with strong growth potential. Brera Capital Partners LLC was formed in 1997 and is based in New York City.


DEAL STATS #
Overall 3 of 4
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
Country (Italy) 1 of 1
Year (2000) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-17 GAB Robins Group of Companies

Parsippany, New Jersey, United States

GAB Robins is a provider of services to insurance companies, self-insured corporations and government entities.The Company is the second largest independent loss adjustment provider and a independent provider of third-party claims administration for the alternative risk market.

Buy $165M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-11 2-10 Home Buyers Warranty

Denver, Colorado, United States

2-10 Home Buyers Warranty is a provider of warranty services to builders, realtors, and homeowners and is the only market participant offering both new home and pre-owned home warranty products and home service contracts on a nationwide basis. 2-10 Home Buyers Warranty was founded in 1980 and is based in Denver, Colorado.

Buy -
Buyer

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.


DEAL STATS #
Overall 7 of 90
Sector (Communications) 1 of 1
Type (Divestiture) 5 of 24
Country (Italy) 1 of 1
Year (2000) 2 of 2
Size (of disclosed) 20 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-13 Fairchild Aerospace

San Antonio, Texas, United States

Fairchild Aerospace Corporation was a manufacturer of jet and turboprop aircraft for the airline, corporate and government markets and provides a wide range of sales, support, production, and engineering services for the aviation industry. In addition to its facilities in San Antonio, Texas, and Oberpfaffenhofen, Germany, Fairchild Aerospace has offices in Washington, D.C. and other locations worldwide.

Buy $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-01 Brakes Bros

Ashford, United Kingdom

Brakes Bros is a food supplier to caterers in the UK and France. Its strong understanding of the needs of the catering industry, combined with innovation in both products and service, has seen Brakes develop into the major supplier of frozen, fresh and ambient foods to caterers across the UK.

Buy -

Seller(S) 1

SELLER

Telecom Italia

Rome, Italy

website


Category Company
Founded 1908
Sector Communications
Employees52,392
Revenue 15.8B EUR (2022)
DESCRIPTION

Telecom Italia is a provider of telephone and data services on fixed-line and mobile networks for final customers (retail) and other operators (wholesale) in Italy. Telecom Italia was founded in 1908 and is based in Rome, Italy.


DEAL STATS #
Overall 1 of 5
Sector (Communications) 1 of 3
Type (Divestiture) 1 of 3
Country (Italy) 1 of 1
Year (2000) 1 of 1
Size (of disclosed) 1 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-01 Loquendo

San Francisco, California, United States

Loquendo is a Telecom Italia company.

Buy -