M&A Deal Summary

CBPE Capital Acquires Sparrows Offshore

On March 31, 2008, private equity firm CBPE Capital acquired energy services and equipment company Sparrows Offshore for 142M GBP

Acquisition Highlights
  • This is CBPE Capital’s 1st transaction in the Energy Services and Equipment sector.
  • This is CBPE Capital’s largest (disclosed) transaction.
  • This is CBPE Capital’s 23rd transaction in the United Kingdom.
Investment Fate
  • Sparrows Offshore was sold to a consortium of financial buyers in 2012.
  • Sparrows Offshore was sold to a strategic buyer in 2022.

M&A Deal Summary
Date 2008-03-31
Target Sparrows Offshore
Sector Energy Services and Equipment
Buyer(s) CBPE Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 142M GBP

Target

Sparrows Offshore

Aberdeen, United Kingdom
website
Sparrows Offshore is a supplier of crane and lifting equipment maintenance and support services to the offshore oil & gas sector. It has presence in the North Sea, Gulf of Mexico, South America, Caspian, Middle East, West Africa and Asia/Pacific regions.

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Buyer(S) 1

Buyer

CBPE Capital

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
PE ASSETS 1.3B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

CBPE Capital is a private equity firm that seeks investments in mid-sized UK-based businesses. CBPE focuses on transactions valued at between £25 million and £150 million and will consider opportunities in a variety of industries. Sectors of interest include support services (inspection testing, training/education, oil/gas services, business process outsourcing, IT, environmental services, utility services); transportation/distribution (transport infrastructure, transport services, wholesale and distribution); consumer (food/beverage, household products, media, retail); industrial (chemicals, building products, electronics/engineering, paper, packaging, aerospace/defense, automotive, capital goods); healthcare (pharmaceuticals, medical products, diagnostics); and leisure (restaurants, gaming, holiday parks, cinemas, hotels). CBPE was formed in 1984 and is based in London.

DEAL STATS #
Overall 23 of 54
Sector (Energy Services and Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 21 of 29
Country (United Kingdom) 23 of 49
Year (2008) 2 of 3
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-01 Away Resorts

Hemel Hempstead, United Kingdom

Away Resorts is a holiday park owner and operator in the UK. It operates six major resorts in prime UK destinations, including Tattershall Lakes in Lincolnshire and Whitecliff Bay on the Isle of Wight, hosting almost 200,000 holiday-makers each year. Away Resorts was founded in 2007 and is based in Hemel Hempstead, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-01 Warwick International

Flintshire, United Kingdom

Warwick consists of two separate businesses, a speciality chemical manufacturer and a broad network of niche chemical distributors based across Europe and Asia. The chemical manufacturing business is the global market leader in the production of bleach activators used in the laundry detergents market. The distribution business supplies a broad range of products used in markets including, construction, industrials, polymer, refinery, refracting and personal care.

Buy £129M
Mergr

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