M&A Deal Summary

Duke Street Private Equity Acquires Xafinity

On July 1, 2005, private equity firm Duke Street Private Equity acquired business services company Xafinity from Hogg Robinson for 124M GBP

Acquisition Highlights
  • This is Duke Street Private Equity’s 2nd transaction in the Business Services sector.
  • This is Duke Street Private Equity’s 10th largest (disclosed) transaction.
  • This is Duke Street Private Equity’s 13th transaction in the United Kingdom.
Investment Fate
  • Xafinity was sold to a consortium of financial buyers in 2010 for 190M GBP.
  • Xafinity was sold to a consortium of financial buyers in 2012.
  • Xafinity went public in 2017 for 220M GBP.

M&A Deal Summary
Date 2005-07-01
Target Xafinity
Sector Business Services
Buyer(s) Duke Street Private Equity
Sellers(s) Hogg Robinson
Deal Type Divestiture
Deal Value 124M GBP

Target

Xafinity

Crawley, United Kingdom
website
Xafinity provides consulting, software, resourcing, training and business process outsourcing services that enable public and private sector organisations to deliver employee benefits more efficiently.

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Buyer(S) 1

Buyer

Duke Street Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 3.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Duke Street Private Equity is a European private equity firm that targets investments in mid-market UK and French businesses valued between €50 and €350 million. Duke Street looks to build companies through organic growth and acquisitions. Sectors of interest include business services and outsourcing, retail and consumer, food, industrial, healthcare, leisure, and financial services. Duke Street Private Equity was founded in 1988 and is based in London.

DEAL STATS #
Overall 27 of 54
Sector (Business Services) 2 of 4
Type (Divestiture) 3 of 6
Country (United Kingdom) 13 of 32
Year (2005) 2 of 3
Size (of disclosed) 10 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 Groupe B&B Hotels Sas

Cedex, France

Groupe B&B Hotels Sas is a budget hotels chain in Europe operating a network of more than 486 budget hotels, across 12 countries with a total of 42,832 rooms. B&B is at the "high-end" of the budget hotel segment, offering high quality at a competitive price, to meet the needs of both business and leisure travelers.

Sell €385M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 Groupe Proclif SAS

Paris,, France

Groupe Proclif is a french private hospital group operates healthcare facilities, which include Centre médical chirurgical et obstétrical d'Evry (CMCO) and Polyclinique Villeneuve-Saint-Georges (PVSG).

Buy -

Seller(S) 1

SELLER

Hogg Robinson

Farnborough, United Kingdom

website

Category Company
Founded 1845
Sector Business Services
Revenue 318M GBP (2016)
DESCRIPTION

Hogg Robinson Ltd. is a global B2B services company specializing in travel, payments and expense management. The company helps companies, governments, and financial institutions manage and control their expenditure. The company combines high-quality service delivered by experienced staff with the very latest digital solutions based on our own technology. Hogg Robinson was formed in 1845 and is based in Farnborough, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-24 eWings.com

Berlin, Germany

eWings.com GmbH is an online ticketing platform that allows users to search, compare and book flights. eWings.com GmbH was established in 2013 and is headquartered in Berlin, Germany.

Buy -
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