Investment Summary

European Capital, CapVest, Wendel Group, Candover Investments, Cinven, Investcorp International and Lion Capital Invest In Nybron Flooring International AG

On March 27, 2006, private equity firm European Capital, private equity firm CapVest, private equity firm Wendel Group, private equity firm Candover Investments, private equity firm Cinven, asset manager Investcorp International and private equity firm Lion Capital invested in building materials company Nybron Flooring International AG for 345M USD

Investment Highlights
  • This is European Capital’s 3rd, CapVest’s 1st, Wendel Group’s 1st, Candover Investments’ 1st, Cinven’s 2nd, Investcorp International’s 4th and Lion Capital’s 1st transaction in the Building Materials sector.
  • This is European Capital’s 24th, CapVest’s 3rd, Wendel Group’s 9th, Candover Investments’ 13th, Cinven’s 52nd, Investcorp International’s 17th and Lion Capital’s 8th largest (disclosed) transaction.
  • This is European Capital’s 1st, CapVest’s 1st, Wendel Group’s 1st, Candover Investments’ 2nd, Cinven’s 1st, Investcorp International’s 3rd and Lion Capital’s 1st transaction in Switzerland.
Investment Fate
  • Nybron Flooring International AG was recapitalized in 2008.

Investment Summary

Date 2006-03-27
Target Nybron Flooring International AG
Sector Building Materials
Investor(s) European Capital
CapVest
Wendel Group
Candover Investments
Cinven
Investcorp International
Lion Capital
Deal Type Growth Capital
Deal Value 345M USD

Target

Nybron Flooring International AG

Jona, Switzerland
website
Nybron Flooring International AG is a producer of wood flooring and the world market leader in pre-finished engineered wood flooring products.

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Investor(S) 7

Investor

European Capital

London, United Kingdom

website


Category Private Equity Firm
Founded 2005
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

European Capital is the European investment affiliate of American Capital. European Capital looks to provide a variety of investment and financing solutions including unitranche debt, mezzanine capital, senior debt, and equity co-investment. Funds are typically used to support buyouts, recapitalizations, finance growth, and make acquisitions. European Capital is sector agnostic, however the Firm has a preference for investments in the consumer, technology, manufacturing, services, and distribution sectors. European Capital was formed in 2005 and is based in London.


DEAL STATS #
Overall 21 of 74
Sector (Building Materials) 3 of 3
Type (Growth Capital) 3 of 5
Country (Switzerland) 1 of 1
Year (2006) 10 of 27
Size (of disclosed) 24 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-27 Onduline

Suresnes, France

Onduline is a manufacturing and marketing bitumen based roofing materials mainly roofing sheets and roof deck sheets. Onduline develops, produces and sells light building materials produced from recycled fibers and oil. Onduline was founded in 1944 and is based in Suresnes, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-28 Cegelec SAS

Saint-Denis, France

Cegelec SAS history is closely linked to the development of the electricity and energy sectors in France and Europe.

Buy €3.0B
Investor

CapVest

London, United Kingdom

website


Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

CapVest is a UK-based private equity firm that targets investments in mid-market businesses across Europe. CapVest focuses on profitable companies with growth potential and strong management. Specific areas of interest include food/beverages (especially frozen food sector), healthcare, real estate, retail, media, hotel/leisure, and telecommunication services. CapVest is affiliated with junior capital investor, MezzVest. CapVest was formed in 1999 and is based in London.


DEAL STATS #
Overall 3 of 23
Sector (Building Materials) 1 of 1
Type (Growth Capital) 1 of 1
Country (Switzerland) 1 of 1
Year (2006) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-23 Vaasan

Helsinki, Finland

Vaasan is a bakery company in Finland and the Baltic region, with each Baltic subsidiary the market leader in its own country. Vaasan was founded in 1849 and is based in Helsinki, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-10 Findus

London, United Kingdom

Findus is a frozen food group and one of Europe’s overall food manufacturers. Through its Young's and Findus brands, category leaders within the UK, the Nordic region, and France, the Group's portfolio of leading brands is unmatched in its strength and awareness with consumers in its core markets. Findus was founded in 1945 and is based in London, United Kingdom.

Buy -
Investor
DESCRIPTION

Wendel Group is a publicly traded investment group that seeks to invest €200 to €700 in public and private companies. The Firm focuses on opportunities across France, Germany, and the Benelux, but will also consider opportunities in greater Europe, North America, and select regions of Africa. Target companies typically exhibit predictable cash-flows, high barriers to entry, and are leaders in their respective markets. Wendel was originally established in 1704 and is based in Paris.


DEAL STATS #
Overall 1 of 19
Sector (Building Materials) 1 of 1
Type (Growth Capital) 1 of 3
Country (Switzerland) 1 of 1
Year (2006) 1 of 3
Size (of disclosed) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Winoa

Le Cheylas, France

Winoa is a manufacturer of steel abrasives across the transportation, equipment, energy and construction end-markets. Winoa successfully serves a diverse customer base of over 10,000 customers worldwide. WHA Holding SAS is headquartered in Le Cheylas, France with 11 manufacturing facilities in Europe, North America, South America, Asia, and Africa.

Sell €415M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-31 Cromology

Clichy, France

Cromology designs, manufactures, sells, and distributes a wide range of decorative paints and products to professionals and consumers through its presence in eight European countries. 65% of its activity is in France, 35% in Southern Europe, and in the rest of the world. Cromology was founded in 1986 and is based in Clichy, France.

Buy €1.0B
Investor

Candover Investments

London, United Kingdom

website


Category Private Equity Firm
Founded 1980
PE ASSETS 8.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Candover Investments is a private equity firm that targets investments in European and Asian companies operating in broad range of industries. Candover's primary focus is on businesses located in Western Europe; including the UK, France, Germany, Italy, Scandinavia, and Spain. However, the Firm also considers opportunities in Asia and Eastern Europe. The Firm's target investment size is €150 to €500 million in businesses valued between €500 million and €5 billion. Sectors of interest include media, financial services, support services, leisure, healthcare, technology, and industrial. Candover Investments was formed in 1980 and is based in London.


DEAL STATS #
Overall 20 of 30
Sector (Building Materials) 1 of 1
Type (Growth Capital) 1 of 1
Country (Switzerland) 2 of 3
Year (2006) 2 of 4
Size (of disclosed) 13 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Get AS

Oslo, Norway

Get AS (“Get”) is a provider of cable TV, high-speed broadband internet and telephony services to residential customers in Norway. The company serves approximately 375,000 households, with a footprint spanning each of Norway 's five largest cities. Get's core service offering is Pay TV; all of its customers subscribe to it. It also offers broadband and voice services. Get operates a fully digitized network, and is the only significant local loop provider outside of telecom incumbent Telenor.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 EurotaxGlass s International AG

Freienbach, Switzerland

EurotaxGlass's International AG is a provider of data and intelligence on cars. EurotaxGlass's International AG is based in Freienbach, Switzerland.

Buy €480M
Investor

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.


DEAL STATS #
Overall 103 of 181
Sector (Building Materials) 2 of 3
Type (Growth Capital) 2 of 6
Country (Switzerland) 1 of 2
Year (2006) 1 of 8
Size (of disclosed) 52 of 61
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-09 Ahlsell

Stockholm, Sweden

Ahlsell is a distributor of heating & plumbing and electrical installation products. The company is focused on five core markets: Heating & Plumbing, Electrical, Tools & Machinery, Refrigeration and DIY, and has built leading market positions in a number of these sectors across the Nordic region. Ahlsell's diversified customer base has access to over 125,000 products from the company's 216 outlets across the region and can access a further 200,000 products from Ahlsell's suppliers. Ahlsell was founded in 1877 and is based in Stockholm, Sweden.

Buy €1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-06 GE AVIO S.r.l.

Rivalta, TO, Italy

Avio is a designers and manufacturers of components and systems for commercial, military and space launch engines. Its activities include jet derivative engines and automation systems for naval and industrial applications, power generation and a highly successful maintenance, repair and overhaul operation for civil and military clients.

Buy €2.6B
Investor

Investcorp International

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1982
PE ASSETS 21.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp International, Inc. is a publicly traded global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 59 of 175
Sector (Building Materials) 4 of 7
Type (Growth Capital) 1 of 19
Country (Switzerland) 3 of 5
Year (2006) 3 of 11
Size (of disclosed) 17 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-10 CCC Intelligent Solutions

Chicago, Illinois, United States

CCC Intelligent Solutions is a Software as a Service provider to the automotive, insurance, and collision repair industries. CCC brings together what matters most connections into the industry’s leading automotive claims network, superior productivity through the innovative cloud, mobile, hyper-scale technologies, and apps, and insights to make the best decisions. CCC Intelligent Solutions was founded in 1980 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-01 Kgb

New York, New York, United States

Kgb is an independent provider of directory assistance and enhanced information services. kgb delivers solutions to wireless and landline carriers, corporations and educational institutions in North America, handling the majority of the '411' calls in the US that are delivered through a mobile phone. Furthermore, in the UK, 'The Number' 118 118 has become Britain's leading directory assistance service for consumers and businesses. The company also has operations in France, Germany, Ireland, Switzerland, Austria, and Italy. Kgb was founded in 1992 and is based in New York City.

Buy -
Investor

Lion Capital

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
PE ASSETS 4.3B EUR
Size Mega
Type Sector Focused
DESCRIPTION

Lion Capital LLP is a specialist private equity firm focused on consumer-oriented opportunities throughout Europe and North America. Specific areas of interest include apparel, accessories, luxury goods, food, and specialty retail. Lion Capital LLP was formed in 2004 and is based in London. The Firm has an additional office in New York City.


DEAL STATS #
Overall 7 of 42
Sector (Building Materials) 1 of 1
Type (Growth Capital) 1 of 7
Country (Switzerland) 1 of 2
Year (2006) 2 of 4
Size (of disclosed) 8 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-10 La Senza

Middlesex, United Kingdom

La Senza owner of the La Senza brand in the United Kingdom and Europe, was a specialist retailer of bras, matching briefs, nightwear and bra accessories and the largest independent retailer in the United Kingdom focused on the lingerie market. La Senza operated a network of over 200 retail outlets, consisting primarily of directly-owned stores and concessions in the United Kingdom and Ireland, and franchises in fourteen countries across Europe. La Senza was founded in 1990 and is based in Middlesex, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-26 Personna American Safety Razor

Cedar Knolls, New Jersey, United States

Personna American Safety Razor Company has manufacturing facilities located around the world and is one of the largest producers of shaving, medical, and industrial blades.Personna American Safety Razor Company is committed to QUALITY and makes every effort to ensure that its products meet the highest international standards for safety and quality.

Buy $625M