M&A Deal Summary

IK Partners and HarbourVest Partners Acquire Consolis

On September 21, 2005, private equity firms IK Partners and HarbourVest Partners acquired building materials company Consolis from Ardian

Acquisition Highlights
  • This is IK Partners’ 2nd and HarbourVest Partners’ 1st transaction in the Building Materials sector.
  • This is IK Partners’ 2nd and HarbourVest Partners’ 1st transaction in Belgium.
Investment Fate
  • Consolis was sold to a consortium of financial buyers in 2006.
  • Consolis was sold to a consortium of financial buyers in 2016.

M&A Deal Summary

Date 2005-09-21
Target Consolis
Sector Building Materials
Buyer(s) IK Partners
HarbourVest Partners
Sellers(s) Ardian
Deal Type Secondary Buyout

Target

Consolis

Brussels, Belgium
Consolis was formed by combining Consolis Oy Ab and French Bonna Sabla. Consolis is a precast concrete based solution provider and manufacturer of structural precast concrete elements. Consolis was founded in 2005 and is based in Brussels, Belgium.

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Buyer(S) 2

Buyer

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


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

IK Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. 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 €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.


DEAL STATS #
Overall 55 of 192
Sector: Building Materials M&A 2 of 6
Type: Secondary Buyout M&A Deals 4 of 74
Country: Belgium M&A 2 of 10
Year: 2005 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-18 DYWIDAG

Luxembourg, Luxembourg

DYWIDAG is a provider of strata, geotechnical and post-tensioning control systems. Its products, which include bars, strands, wires, and meshes, are used in the construction, mining, tunnelling and civil engineering industries. DYWIDAG was formed in 1979 and is based in Luxembourg.

Buy €168M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-19 Perstorp

Malmo, Sweden

Perstorp is a provider in the production of specialty chemical additives notably for the coatings and resin industries. Perstorp was founded in 1881 and is based in Malmo, Sweden.

Sell kr9.2B
Buyer

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 147.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 26 of 214
Sector: Building Materials M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 55
Country: Belgium M&A 1 of 4
Year: 2005 M&A 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-22 Beziers

London, United Kingdom

Beziers is a provider of Integrated marketing services including consulting, design, printing and production, logistics fulfillment and ecommerce.

Buy £77M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-23 Everi

Las Vegas, Nevada, United States

Everi is a provider of cash access and related equipment services and solutions to the gaming industry. Everi was incorporated in 1998 and is headquartered in Las Vegas, Nevada.

Sell -

Seller(S) 1

SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 4 of 248
Sector: Building Materials M&A 2 of 13
Type: Secondary Buyout M&A Deals 1 of 94
Country: Belgium M&A 1 of 4
Year: 2005 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 Sotralu SAS

Muret, France

Based in Muret (France), over the past ten years the company has built up a complete range of accessories for aluminium sliding windows: the company designs and distributes standard locks, the Versus range of modulable locks includes a patented design uniting a universal lock unit with a range of front faces and adaptable handles, and a range of carriers immediately adjustable to all ranges of aluminium profile. The company's policy of continuous innovation (5% of revenues invested in R&D), the quality of its products and services, the skills of its staff and an organisation based on Total Quality Management have brought it in only a few years to the position of uncontested leader on the French market, with a market share of around 50%.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-13 Abrisud

Lsle Jourdain, France

Abrisud is a designer, developer, manufacturer, and installer of removable swimming pool enclosures in France, Germany, Belgium, the Netherlands, Luxembourg, Spain, Italy, and England. The company provides low and flat pool enclosures, such as removable, semi-retractable, telescopic, and motorized pool enclosures; and wall-mounted and end-on standing-height pool enclosures. It also offers remote control and solar panels for the motorized enclosures, and hydraulic or electric leverage struts. Abrisud was founded in 1996 and is based in Lsle Jourdain, France.

Buy -