M&A Deal Summary

BC Partners, Electra Private Equity and Epiris Acquires Allflex Europe UK

On May 3, 2013, private equity firms BC Partners, Electra Private Equity PLC and Epiris LLP acquired technology hardware company Allflex Europe UK Ltd. from Motion Equity Partners, Electra Private Equity PLC, Intermediate Capital Group (ICG) and Epiris LLP for 1.4B USD

Acquisition Highlights
  • This is BC Partners’ 1st, Electra Private Equity’s 2nd and Epiris’ 3rd transaction in the Technology Hardware sector.
  • This is BC Partners’ 18th, Electra Private Equity’s 2nd and Epiris’ 1st largest (disclosed) transaction.
  • This is BC Partners’ 11th, Electra Private Equity’s 26th and Epiris’ 38th transaction in the United Kingdom.
Investment Fate
  • Allflex Europe UK was sold to a financial buyer in 2016.

M&A Deal Summary

Date 2013-05-03
Target Allflex Europe UK Ltd.
Sector Technology Hardware
Buyer(s) BC Partners
Electra Private Equity PLC
Epiris LLP
Sellers(s) Motion Equity Partners
Electra Private Equity PLC
Intermediate Capital Group (ICG)
Epiris LLP
Deal Type Secondary Buyout
Deal Value 1.4B USD
Advisor(s) White & Case LLP (Legal)

Target

Allflex Europe UK Ltd.

Roxburghshire, United Kingdom
website
Allflex Europe UK Ltd is a designer, producer and distributor of animal intelligence and monitoring technologies for livestock, pets, fish and other species. It designs, produces and distributes a variety of products such as radio‐frequency identification (RFID) and visual ear tags, tissue sampling devices, RFID implants, monitoring devices, milk meters, and other farm management equipment.

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Buyer(S) 3

Buyer

BC Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1986
PE ASSETS 17.0B EUR
SizeMega
Type Sector Agnostic
DESCRIPTION

BC Partners is a mega private equity firm that invests in high quality businesses with leading market positions. BC does not specialize in any particular sector and makes only a select number of investments per year (3 in 2008, 2 in 2007, 3 in 2006). Sectors of interest include healthcare, directory publishing, media, industrial products, food, distribution, manufacturing, consumer services, business services, and communications. BC Partners was formed in 1986 and has offices in London, Paris, Hamburg, and New York.


DEAL STATS #
Overall 53 of 90
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 20 of 37
Country (United Kingdom) 11 of 18
Year (2013) 2 of 5
Size (of disclosed) 18 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Antelliq Group

Vitre, France

Antelliq Group is a designer, production, and distribution of animal identification and monitoring devices for the management of livestock, pets, and fish. Antelliq Group is based in Vitre, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-19 Springer Science + Business Media GmbH & Co. KG

Berlin, Germany

Springer Science+Business Media Deutschland GmbH is a publisher of scientific research journals in Science, Technology and Medicine (STM) and a publisher of STM books. Springer is also a specialist information provider in German-speaking countries. The group publishes around 2000 journals and more than 6,500 new books per year

Buy €3.3B
Buyer

Electra Private Equity PLC

London, United Kingdom

Investor

website


Category Private Equity Firm
PE ASSETS 800M GBP
SizeLarge
Type Sector Agnostic
DESCRIPTION

Electra is an investment trust quoted on the London Stock Exchange that specializes in private equity investments. Electra's primary focus is on opportunities across Western Europe in a broad array of industries. Electra also looks to invest across the capital structure. Electra Private Equity is based in London.


DEAL STATS #
Overall 34 of 42
Sector (Technology Hardware) 2 of 2
Type (Secondary Buyout) 10 of 12
Country (United Kingdom) 26 of 31
Year (2013) 3 of 6
Size (of disclosed) 2 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-09 AXIO Data Group Holdings Ltd.

London, United Kingdom

AXIO Data Group Holdings manages a portfolio of market major information businesses. Company serve customers in a range of sectors including: healthcare, aviation, forest products and intellectual property licensing. Company provide critical, often industry-standard, information and tools to help clients make high value decisions.

Buy £103M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-01 Audiotonix Ltd.

Chessington, United Kingdom

Audiotonix is a designer and manufacturer of audio mixing consoles and ancillary products for professional end-users across a variety of applications. Audiotonix Ltd. is based in Chessington, United Kingdom.

Buy -
Buyer

Epiris LLP

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 1.5B GBP
SizeLarge
Type Sector Agnostic
DESCRIPTION

Electra Partners is a UK-based private equity firm focused on buyouts, co-investments, secondary fund purchases, and debt investing. The Firm's direct investing group looks to make majority or minority investments of £40 to £150 million in deals valued up to £500 million. Electra was formed in 1976 and is based in London.


DEAL STATS #
Overall 49 of 65
Sector (Technology Hardware) 3 of 3
Type (Secondary Buyout) 9 of 14
Country (United Kingdom) 38 of 52
Year (2013) 3 of 3
Size (of disclosed) 1 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-19 CALA Group Ltd.

Falkirk, United Kingdom

CALA Group Ltd. is a provider of high quality homes in the North, East and West of Scotland, in the Midlands and in the South East of England, with a focus on high quality, well designed homes in prime locations, from starter homes to luxury detached family properties.

Buy £210M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-31 Laboratoires Chemineau SA

Vouvray, France

Laboratoires Chemineau is an operator and manufacturer of pharmaceutical products.

Sell -

Seller(S) 4

SELLER

Motion Equity Partners

Paris, France

Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 700M EUR
SizeLarge
Type Sector Agnostic
DESCRIPTION

Motion Equity Partners is a European private equity firm that targets large buyouts and turnaround situations valued up to €250 million. Broad areas of interest include consumer (leisure, retail, household and consumer goods, food/beverages), industrial (building materials, automotive, manufacturing, chemicals), business services (outsourced services, logistics and transportation, facilities management), and healthcare services and equipment. Motion prefers opportunities located in France, the UK, Germany, and Italy and looks to commit €20 to €80 per transaction. Motion Equity Partners was established in 2001 and is headquartered in Paris.


DEAL STATS #
Overall 23 of 29
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 9 of 12
Country (United Kingdom) 12 of 13
Year (2013) 1 of 1
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-01 BOCM Pauls Ltd.

Wherstead, United Kingdom

BOCM Pauls (Agricola) is a blue chip name in the agriculture sector, supplying farmers with a wide range of animal feed products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-18 Omni-Pac GmbH

Allaire, France

Omni-Pac is a European spearhead of eco-responsible packaging by offering innovative and sustainable alternatives in molded cellulose (natural, recyclable, and biodegradable material) for various markets. Omni-Pac is was founded in 2012 and is based in Allaire, France.

Buy -
SELLER

Electra Private Equity PLC

London, United Kingdom

Investor

website


Category Private Equity Firm
PE ASSETS 800M GBP
SizeLarge
Type Sector Agnostic
DESCRIPTION

Electra is an investment trust quoted on the London Stock Exchange that specializes in private equity investments. Electra's primary focus is on opportunities across Western Europe in a broad array of industries. Electra also looks to invest across the capital structure. Electra Private Equity is based in London.


DEAL STATS #
Overall 15 of 25
Sector (Technology Hardware) 1 of 2
Type (Secondary Buyout) 10 of 14
Country (United Kingdom) 11 of 19
Year (2013) 1 of 1
Size (of disclosed) 3 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-09 AXIO Data Group Holdings Ltd.

London, United Kingdom

AXIO Data Group Holdings manages a portfolio of market major information businesses. Company serve customers in a range of sectors including: healthcare, aviation, forest products and intellectual property licensing. Company provide critical, often industry-standard, information and tools to help clients make high value decisions.

Buy £103M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-01 Audiotonix Ltd.

Chessington, United Kingdom

Audiotonix is a designer and manufacturer of audio mixing consoles and ancillary products for professional end-users across a variety of applications. Audiotonix Ltd. is based in Chessington, United Kingdom.

Buy -
SELLER

Intermediate Capital Group (ICG)

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 27.2B EUR
SizeMega
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 135 of 200
Sector (Technology Hardware) 2 of 2
Type (Secondary Buyout) 55 of 75
Country (United Kingdom) 45 of 55
Year (2013) 1 of 7
Size (of disclosed) 14 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-23 Euro Cater AS

Svenstrup, Denmark

Euro Cater is a Nordic foodservice wholesaler, with more than 30 distribution sites across Denmark and Sweden, offering a full range of food products for restaurants, hotels, caterers and other professional kitchens.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-29 Franklin Offshore International Pte. Ltd.

Singapore

Franklin is the provider of rigging, lifting and mooring services to the offshore and marine industries in South East Asia.

Sell -
SELLER

Epiris LLP

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 1.5B GBP
SizeLarge
Type Sector Agnostic
DESCRIPTION

Electra Partners is a UK-based private equity firm focused on buyouts, co-investments, secondary fund purchases, and debt investing. The Firm's direct investing group looks to make majority or minority investments of £40 to £150 million in deals valued up to £500 million. Electra was formed in 1976 and is based in London.


DEAL STATS #
Overall 31 of 48
Sector (Technology Hardware) 1 of 2
Type (Secondary Buyout) 6 of 9
Country (United Kingdom) 25 of 39
Year (2013) 3 of 5
Size (of disclosed) 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-19 CALA Group Ltd.

Falkirk, United Kingdom

CALA Group Ltd. is a provider of high quality homes in the North, East and West of Scotland, in the Midlands and in the South East of England, with a focus on high quality, well designed homes in prime locations, from starter homes to luxury detached family properties.

Buy £210M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-31 Laboratoires Chemineau SA

Vouvray, France

Laboratoires Chemineau is an operator and manufacturer of pharmaceutical products.

Sell -