M&A Deal Summary

DH Private Equity Partners and KKR Acquire ATU Handels KG

On June 30, 2004, private equity firms DH Private Equity Partners and KKR acquired automotive company ATU Handels KG from DH Private Equity Partners for 1.8B USD

Acquisition Highlights
  • This is DH Private Equity Partners’ 2nd and KKR’s 2nd transaction in the Automotive sector.
  • This is DH Private Equity Partners’ and KKR’s 46th largest (disclosed) transaction.
  • This is DH Private Equity Partners’ 5th and KKR’s 5th transaction in Germany.

M&A Deal Summary

Date 2004-06-30
Target ATU Handels KG
Sector Automotive
Buyer(s) DH Private Equity Partners
KKR
Sellers(s) DH Private Equity Partners
Deal Type Secondary Buyout
Deal Value 1.8B USD

Target

ATU Handels KG

Weiden, Germany
website
Germany's leading operator of automotive retail stores and repair shops, with an expanding international footprint.

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Buyer(S) 2

Buyer

DH Private Equity Partners

London, United Kingdom

website


Category Private Equity Firm
Founded 1985
PE ASSETS 10.0B EUR
SizeMega
Type Sector Agnostic
DESCRIPTION

DH Private Equity is an independent private equity firm focused on investments in traditional private equity, real estate, and venture capital. DH private equity group targets European based mid-market businesses valued between €200 and €600 million. The Firm usually takes a majority stake in acquisitions, and looks for management participation as well. DH will consider investments across a range of industries, including building materials, packaging, energy, automotive, media, beverages, and luxury goods. DH Private Equity was formed in 1985 and has offices in London, Paris, Frankfurt, Milan, Stockholm, Luxembourg, Munich, and Madrid.


DEAL STATS #
Overall 18 of 37
Sector (Automotive) 2 of 2
Type (Secondary Buyout) 1 of 9
Country (Germany) 5 of 5
Year (2004) 2 of 4
Size (of disclosed) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-01 Umbro

Cheadle, United Kingdom

Umbro plc is a designer, marketer and full line supplier of branded and licensed soccer products. Branded products consist of uniforms, warm-up gear, footwear and active casual wear. Umbro was formed in 1924 and is headquartered in Cheadle, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-05 StandardAero

Winnipeg, Ontario, Canada

StandardAero is an independent maintenance, repair and overhaul (MRO) providers. StandardAero offers extensive MRO services and custom solutions for business aviation, commercial aviation, military, and industrial power customers.

Sell $1.4B
Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 367.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

Kohlberg Kravis Roberts & Co. LP (KKR) is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into three business segments which include private markets, public markets, and capital markets and principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will consider investments in a broad range of industries located in North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976, is based in New York City, and has offices throughout the globe.


DEAL STATS #
Overall 24 of 407
Sector (Automotive) 2 of 6
Type (Secondary Buyout) 2 of 95
Country (Germany) 5 of 21
Year (2004) 3 of 9
Size (of disclosed) 46 of 89
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-18 Wincor Nixdorf AG

Paderborn, Germany

Wincor Nixdorf is a provider of IT solutions and services to retail banks and the retail industry. The main focus of the group's comprehensive portfolio lies on business process optimization, especially in the branch operations of both sectors. The company also places great importance on building close relationships with sales partners that have an excellent knowledge of the local requirements and conditions on the customer side.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-21 Texas Genco Holdings

Houston, Texas, United States

Texas Genco Holdings, Inc., based in Houston, Texas, is an electric power generating company with over 14,000 megawatts of generation capacity. It sells electric generation capacity, energy and ancillary services in one of the nation's largest power markets, the Electric Reliability Council of Texas (ERCOT). Texas Genco has one of the most diversified generation portfolios in Texas, using natural gas, oil, coal, lignite, and uranium fuels. The company owns and operates 60 generating units at 11 electric power-generating facilities and owns a 30.8 percent interest in a nuclear generating plant.

Buy $3.7B

Seller(S) 1

SELLER

DH Private Equity Partners

London, United Kingdom

website


Category Private Equity Firm
Founded 1985
PE ASSETS 10.0B EUR
SizeMega
Type Sector Agnostic
DESCRIPTION

DH Private Equity is an independent private equity firm focused on investments in traditional private equity, real estate, and venture capital. DH private equity group targets European based mid-market businesses valued between €200 and €600 million. The Firm usually takes a majority stake in acquisitions, and looks for management participation as well. DH will consider investments across a range of industries, including building materials, packaging, energy, automotive, media, beverages, and luxury goods. DH Private Equity was formed in 1985 and has offices in London, Paris, Frankfurt, Milan, Stockholm, Luxembourg, Munich, and Madrid.


DEAL STATS #
Overall 11 of 34
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 2 of 8
Country (Germany) 4 of 4
Year (2004) 2 of 3
Size (of disclosed) 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-01 Umbro

Cheadle, United Kingdom

Umbro plc is a designer, marketer and full line supplier of branded and licensed soccer products. Branded products consist of uniforms, warm-up gear, footwear and active casual wear. Umbro was formed in 1924 and is headquartered in Cheadle, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-05 StandardAero

Winnipeg, Ontario, Canada

StandardAero is an independent maintenance, repair and overhaul (MRO) providers. StandardAero offers extensive MRO services and custom solutions for business aviation, commercial aviation, military, and industrial power customers.

Sell $1.4B