Divestiture • Business Services

Charterhouse Capital Partners and Crescent Capital Partners Acquire Intertek

On January 1, 1996, private equity firms Charterhouse Capital Partners and Crescent Capital Partners acquired business services company Intertek from Inchcape for 370M GBP

Acquisition Context
  • This is Charterhouse Capital Partners’ 1st and Crescent Capital Partners’ 1st transaction in the Business Services sector.
  • This is Charterhouse Capital Partners’ 16th and Crescent Capital Partners’ largest (disclosed) transaction.
  • This is Charterhouse Capital Partners’ 1st and Crescent Capital Partners’ 1st transaction in the United Kingdom.
Investment Fate
  • Intertek went public in 2002.

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M&A Deal Summary

Date January 1, 1996
Target Intertek
Sector Business Services
Buyer(s) Charterhouse Capital Partners
Crescent Capital Partners
Sellers(s) Inchcape
Deal Type Divestiture
Deal Value 370M GBP

Target Company

Intertek

London, United Kingdom
Intertek provides global testing, inspection, and certification services. The Company provides 24/7 mission-critical quality assurance solutions to our clients to ensure that they can operate with well-functioning supply chains in each of their operations. Intertek was founded in 1885 and is based in London, England.
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Buyers Overview 2

Buyer

Charterhouse Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1934
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Charterhouse Capital Partners is a large private equity firm specializing in buyouts of European industrial and commercial service companies. The Firm primarily seeks opportunities in Western Europe and the UK. Charterhouse focuses on profitable companies led by experienced management valued from €200 million to €1.5 billion. Specific areas of interest include business services, chemicals, engineering, leisure, transport and logistics. Charterhouse Capital Partners was formed in 1934 and is based in London.


Deal Context for Buyer #
Overall 1 of 52
Sector: Business Services 1 of 6
Type: Divestiture 1 of 2
Country: United Kingdom 1 of 21
Year: 1996 1 of 1
Size (of disclosed) 16 of 29
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-07-01 Metric Group

Swindon, United Kingdom

Metric is a leading company in the supply and manufacture of parking management solutions and accordingly take our products and services very seriously. With a 40 year history in the ticket issuing sector, the company is at the forefront of design and innovation, and consequently has a major presence worldwide, with the Headquarters being based at Metric House in Swindon, England.

Sell -
Buyer

Crescent Capital Partners

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 4.5B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Crescent Capital Partners is a private equity firm focused on mid-sized company investments in Australia and New Zealand. The Firm does not have any sector preferences and looks to be a 'hands on' investor in assisting portfolio companies with strategy and operation support. Crescent Capital is based in Sydney.


Deal Context for Buyer #
Overall 1 of 15
Sector: Business Services 1 of 1
Type: Divestiture 1 of 2
Country: United Kingdom 1 of 3
Year: 1996 1 of 1
Size (of disclosed) 1 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-01 Bluestone Group

Cambridge, United Kingdom

Bluestone Group is a financial services and technology business which include lending, investment and portfolio servicing . Bluestone Group was founded in 2000 and is based in Cambridge, United Kingdom.

Buy -

Seller Profile 1

SELLER

Inchcape

London, United Kingdom

Category Company
Founded 1847
Sector Distribution
Employees17,588
Revenue 9.3B GBP (2024)
DESCRIPTION

Inchcape is an automotive distributor and retailer. Inchcape was founded in 1847 and is based in London, England.


Deal Context for Seller #
Overall 1 of 3
Sector: Business Services 1 of 1
Type: Divestiture 1 of 3
Country: United Kingdom 1 of 3
Year: 1996 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-24 Baltic Motors

Farmington, Michigan, United States

Baltic Motors Corp. is a U.S. company focused on the importation and sale of Ford and Land Rover vehicles and parts throughout Latvia.

Buy -