M&A Deal Summary

Diversified Systems Group Acquires F Group AS

On September 11, 2006, Diversified Systems Group acquired retailer F Group AS from IK Partners for 175M DKK

Acquisition Highlights
  • This is Diversified Systems Group’s 1st transaction in the Retail sector.
  • This is Diversified Systems Group’s largest (disclosed) transaction.
  • This is Diversified Systems Group’s 1st transaction in Denmark.

M&A Deal Summary
Date 2006-09-11
Target F Group AS
Sector Retail
Buyer(s) Diversified Systems Group
Sellers(s) IK Partners
Deal Type Add-on Acquisition
Deal Value 175M DKK

Target

F Group AS

Herlev, Denmark
website
F Group was formed through the merger of Fona Gruppen (held by the Industri Kapital 1997 Fund) and Fredgaard Radio in June 2001. The new group is a leader in Danish high street brown goods retailing and a provider of consumer financing.

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Buyer(S) 1

Buyer

Diversified Systems Group

Issaquah, Washington, United States

website

Category Company
Sector Retail
Employees40,000
DESCRIPTION

Diversified Systems Group, Inc. specialist electrical retailing group.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Denmark) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Ik Investment Partners Ltd. (Formerly Industri Kapital) is a private equity firm that targets control investments in mid-sized manufacturing and service companies located in select European countries. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The firm looks to commit €50 to €150 million of equity capital per transaction and targets companies with 'a proven ability to generate significant cash flow' as well as an ability to 'sustain growth through various economic cycles'. IK Investment Partners was formerly known as Industry Kapital. IK Investment Partners was formed in 1989 and has offices in Hamburg, London, Paris, and Stockholm.

DEAL STATS #
Overall 38 of 110
Sector (Retail) 3 of 5
Type (Add-on Acquisition) 16 of 41
Country (Denmark) 3 of 6
Year (2006) 4 of 6
Size (of disclosed) 22 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 Cerba European Lab

Saint-Ouen-l'Aumône, France

Laboratoire CERBA SA is active in all three segments of the clinical pathology business, namely esoteric, routine and central lab. CEL operates in 34 locations across Europe, the United States, South Africa, Australia and China. It has a staff of over 1,300 employees, including 85 clinical pathologists and performs 85,000 tests daily.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-04 Attendo

Danderyd, Sweden

Attendo offers financed care services for older people in nursing homes and home care. The company's services include care for older people, care for people with disabilities, individual and family care, as well as healthcare. Attendo was formed in 1985 and is based in Danderyd, Sweden.

Buy -
Mergr

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