M&A Deal Summary

Brookfield Private Equity Acquires Cupa Group

On February 1, 2022, private equity firm Brookfield Private Equity acquired building materials company Cupa Group from The Carlyle Group

Acquisition Highlights
  • This is Brookfield Private Equity’s 1st transaction in the Building Materials sector.
  • This is Brookfield Private Equity’s 1st transaction in Spain.

M&A Deal Summary

Date 2022-02-01
Target Cupa Group
Sector Building Materials
Buyer(s) Brookfield Private Equity
Sellers(s) The Carlyle Group
Deal Type Secondary Buyout
Advisor(s) Morgan Stanley (Financial)
Linklaters (Legal)

Target

Cupa Group

Ourense, Spain
CUPA Group is a global producer of roofing slates. The company also owns the second-largest distributor of roofing materials in the UK and is present in the distribution of natural stone products in France and Spain. Cupa Group was founded in 1892 and is based in Ourense, Spain.

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Buyer(S) 1

DESCRIPTION

Brookfield Private Equity is the private equity arm of global asset management firm, Brookfield Asset Management. Brookfield Private Equity looks to acquire and invest in a variety of North American and European companies with broad sector interest in business services, industrials, and residential real estate. In addition to acquiring companies, Brookfield looks to invest in businesses through the public debt and equity markets, or by providing financing. Brookfield Private Equity is based in Toronto.


DEAL STATS #
Overall 20 of 24
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 5 of 6
Country (Spain) 1 of 1
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 Enwave Energy

Toronto, Ontario, Canada

Enwave Energy is a fully-integrated, sustainable energy services provider that distributes steam and chilled water to over 140 buildings via a 40 km underground pipe network in downtown Toronto. Enwave Energy was founded in 1982 and is based in Toronto, Ontario.

Sell $3.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-06 Watermark Lodging

Chicago, Illinois, United States

Watermark Lodging is a self-managed non-traded real estate investment trust with a portfolio of high-quality lodging assets. Our premier portfolio, which is primarily focused on Luxury and Upper Upscale properties, was built over a decade through investing in high barrier to entry and growth markets as well as intensive asset management.

Buy $3.8B

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 440 of 480
Sector (Building Materials) 8 of 9
Type (Secondary Buyout) 98 of 117
Country (Spain) 8 of 8
Year (2022) 2 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-27 Thomas Scientific

Swedesboro, New Jersey, United States

Thomas Scientific is a distributor of laboratory products and equipment used by the scientific and research community. Products include laboratory equipment, consumables, chemicals, and safety products. Thomas Scientific was founded in 1900 and is based in Swedesboro, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-08 shopware

Schöppingen, Germany

shopware is a digital commerce software solutions provider that is highly flexible and has a rich set of features, supporting complex B2C, D2C, B2B, and services-driven business models. shopware was founded in 2000 and is headquartered in Schöppingen, Germany.

Buy -