M&A Deal Summary

Sagard, Equistone Partners Europe Limited and Intermediate Capital Group Acquires FläktGroup Holding

On September 20, 2007, private equity firm Sagard, private equity firm Equistone Partners Europe Limited and mezzanine finance firm Intermediate Capital Group (ICG) acquired building materials company FläktGroup Holding GmbH from Compass Partners International for 460M EUR

Acquisition Highlights
  • This is Sagard’s 3rd, Equistone Partners Europe Limited’s 3rd and Intermediate Capital Group’s 9th transaction in the Building Materials sector.
  • This is Sagard’s 4th, Equistone Partners Europe Limited’s 2nd and Intermediate Capital Group’s 40th largest (disclosed) transaction.
  • This is Sagard’s 1st, Equistone Partners Europe Limited’s 2nd and Intermediate Capital Group’s 6th transaction in Switzerland.
Investment Fate
  • FläktGroup Holding was sold to a financial buyer in 2016.

M&A Deal Summary

Date 2007-09-20
Target FläktGroup Holding GmbH
Sector Building Materials
Buyer(s) Sagard
Equistone Partners Europe Limited
Intermediate Capital Group (ICG)
Sellers(s) Compass Partners International
Deal Type Secondary Buyout
Deal Value 460M EUR
Advisor(s) Canaccord Genuity Corp. (Financial)

Target

FläktGroup Holding GmbH

Geneva, Switzerland
website
FläktGroup is a provider of ventilation and air climate solutions for buildings as well as air movement solutions for industry and infrastructure applications. Fläkt has built up expertise in applications by delivering top BREEAM, LEED, DGNB or HQE solutions for major projects for: offices, hotels, hospitals, airports, and commercial construction projects including specialist applications like data-centers, pharmaceutical, marine, nuclear, oil and gas all over the world.

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Buyer(S) 3

Buyer

Sagard

Paris, France

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 2.0B EUR
SizeLarge
Type Sector Agnostic
DESCRIPTION

Sagard is a private equity firm that targets mid-sized Western European businesses that can benefit from the knowledge base of Sagard's investment professionals. Prospective transactions typically include buyouts or growth capital financings, where Sagard will consider either majority or minority positions. Sagard was formed in 2001 and is based in Paris, France.


DEAL STATS #
Overall 17 of 33
Sector (Building Materials) 3 of 3
Type (Secondary Buyout) 7 of 15
Country (Switzerland) 1 of 1
Year (2007) 6 of 6
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-25 CEVA Sante Animale SA

Libourne, France

CEVA Sante Animale SA is a veterinary health company focused on the research, development, production and marketing of pharmaceutical products and vaccines for pets, livestock, swine, and poultry. CEVA Sante Animale was founded in 1999 and is based in Libourne, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-16 Compagnie Europeenne de Prestations Logistiques

Beville-le-Comte, France

CEPL is a contract logistics company specializing in the high-growth, detailed picking segment of the warehouse logistics industry with operations in France and Germany. CEPL was founded in 1998 and is based in Beville-le-Comte, France.

Sell -
Buyer

Equistone Partners Europe Limited

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 6.7B EUR
SizeMega
Type Sector Agnostic
DESCRIPTION

Equistone Partners Europe Ltd is a private equity firm that invests in small to mid-sized companies with valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €125 million in a variety of transactions, including buyouts, growth capital financings, and recapitalizations. Equistone Partners Europe Ltd. (formerly Barclays Private Equity Ltd) was formed in 1997 and is based in London.


DEAL STATS #
Overall 133 of 245
Sector (Building Materials) 3 of 7
Type (Secondary Buyout) 21 of 77
Country (Switzerland) 2 of 6
Year (2007) 13 of 18
Size (of disclosed) 2 of 53
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-18 Groupe Retif Developpement SAS

Villeneuve-Loubet, France

Groupe Retif Developpement SAS is a retailer of furniture, lighting, signage, labeling, security equipment, displays, stacking solutions, packing, disposable items, and maintenance products. Retif was established in 1968 and is based in Villeneuve-Loubet, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 Promovacances SA

Paris, France

Karavel-Promovacances is France's major online tourism group with more than 7 million unique visitors across all of its platforms. The Group owns specialised brands in distinct ranges and segments, including its flagship brand Promovacances as well as ABCroisiere and Partir Pas Cher, among others.

Buy -
Buyer

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 197 of 274
Sector (Building Materials) 9 of 12
Type (Secondary Buyout) 53 of 104
Country (Switzerland) 6 of 7
Year (2007) 26 of 33
Size (of disclosed) 40 of 80
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-18 Groupe Retif Developpement SAS

Villeneuve-Loubet, France

Groupe Retif Developpement SAS is a retailer of furniture, lighting, signage, labeling, security equipment, displays, stacking solutions, packing, disposable items, and maintenance products. Retif was established in 1968 and is based in Villeneuve-Loubet, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-24 The Hoyts Corporation Pty. Ltd.

Sydney, Australia

Hoyts manages entertainment corporations. The company owns and operates 45 cinemas with over 400 screens and approximately 75,000 seats in Australia and New Zealand. In both of these countries it is the largest independent film distributor and provider of cinema advertising.

Buy $440M

Seller(S) 1

SELLER

Compass Partners International

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 850M EUR
SizeLarge
Type Sector Agnostic
DESCRIPTION

Compass Partners International is a European private equity firm that targets investments in middle-market industrial manufacturing and services companies. Compass seeks controlling interests in 'under-managed' or capital-constrained businesses valued from €100 million to €750 million. Areas of interest include infrastructure, HVAC, aerospace/defense, capital goods, vending, controls/components, and machinery/equipment. The Firm will consider a variety of transaction situations, including turnarounds, recapitalization, corporate carve-outs, and growth capital financings. Compass Partners International was formed in 1997 and is based in London.


DEAL STATS #
Overall 6 of 8
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 3 of 4
Country (Switzerland) 1 of 1
Year (2007) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-25 ECO SpA

Udine, Italy

ECO SpA is a manufacturer of coils and coolers for the Heating, Ventilation, Air-Conditioning and Refrigeration industries (HVACR).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Drake Beam Morin, Inc.

New York, New York, United States

Drake Beam Morin, Inc. is a service provider in the career transition, talent development services.

Sell €149M