M&A Deal Summary

Cinven, ICG and The Cypress Group Acquire Mcbride

On July 1, 1993, private equity firm Cinven, mezzanine finance firm ICG and private equity firm The Cypress Group acquired consumer products company Mcbride

Acquisition Highlights
  • This is Cinven’s 2nd, ICG’s 1st and The Cypress Group’s 1st transaction in the Consumer Products sector.
  • This is Cinven’s 33rd, ICG’s 7th and The Cypress Group’s 1st transaction in the United Kingdom.
Investment Fate
  • Mcbride went public in 1995.

M&A Deal Summary

Date 1993-07-01
Target Mcbride
Sector Consumer Products
Buyer(s) Cinven
ICG
The Cypress Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Mcbride

Manchester, United Kingdom
Mcbride is a manufacturer of private label and minor brand household and personal care products. McBride was founded in 1860 and is based in Manchester, England.

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Buyer(S) 3

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 40 of 186
Sector: Consumer Products M&A 2 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 36 of 77
Country: United Kingdom M&A 33 of 88
Year: 1993 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-07-01 Sharelink

Staffordshire, United Kingdom

Sharelink was the largest and most successful execution-only share dealing operation in the UK.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1993-08-01 Comstack

London, United Kingdom

Comstack Limited Previously known as City Technology Limited and owned by City University, the business designed and manufactured gas sensor elements. In August 1993 its management, led by its managing director and supported by Cinven?s investors, bought out the business. At the time of its buyout, Comstack was the world market leader in high performance electro-chemical gas sensors.

Buy -
Buyer

ICG

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 33.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 10 of 294
Sector: Consumer Products M&A 1 of 11
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 112
Country: United Kingdom M&A 7 of 81
Year: 1993 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-07-01 Sharelink

Staffordshire, United Kingdom

Sharelink was the largest and most successful execution-only share dealing operation in the UK.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1993-11-01 ArjoHuntleigh AB

Lund, Sweden

Arjo, based in Sweden, is the world's largest supplier of integrated bathing, hygiene, lifting and moving equipment for use by individuals who have restricted movement (primarily the elderly).

Sell -
Buyer

The Cypress Group

New York, New York, United States

Category Private Equity Firm
Founded 1989
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Cypress Group is a private equity firm that acquires businesses in a range of industries. Broad sectors of interest include consumer services, financial services, and manufacturing. The Cypress Group was formed in 1989 and is headquartered in New York, New York.


DEAL STATS #
Overall 1 of 12
Sector: Consumer Products M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 4
Country: United Kingdom M&A 1 of 2
Year: 1993 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-05-01 Mcbride

Manchester, United Kingdom

Mcbride is a manufacturer of private label and minor brand household and personal care products. McBride was founded in 1860 and is based in Manchester, England.

Sell -