M&A Deal Summary

Cinven Acquires Hozelock

On July 1, 1990, private equity firm Cinven acquired machinery company Hozelock for 24M GBP

Acquisition Highlights
  • This is Cinven’s 1st transaction in the Machinery sector.
  • This is Cinven’s 61st largest (disclosed) transaction.
  • This is Cinven’s 19th transaction in the United Kingdom.
Investment Fate
  • Hozelock was sold to a consortium of financial buyers in 1999 for 85M GBP.
  • Hozelock was sold to a publicly-traded strategic buyer in 2012 for 200M GBP.

M&A Deal Summary

Date 1990-07-01
Target Hozelock
Sector Machinery
Buyer(s) Cinven
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 24M GBP

Target

Hozelock

Birmingham, United Kingdom
Hozelock Ltd. is a designer, manufacturer and marketer of garden equipment for domestic use. This included garden watering equipment, garden sprayers, pond equipment, garden lighting and indoor and outdoor clothes drying equipment.

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Buyer(S) 1

Buyer

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor


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 21 of 186
Sector: Machinery M&A 1 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 18 of 77
Country: United Kingdom M&A 19 of 88
Year: 1990 M&A 1 of 2
Size (of disclosed) 61 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1989-09-01 Partco Group

Birmingham Business Park, United States

Partco Group PLC regional newspaper publishing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1990-08-01 Artfresh

United Kingdom

Artfresh was a business that provided short break package holidays. It operated under two brands, Superbreak and Goldenrail, addressing respectively the upper and lower tiers of the market.

Buy -