M&A Deal Summary

Intermediate Capital Group, 3i Private Equity and Electra Acquire Tensar International

On January 1, 1994, mezzanine finance firm Intermediate Capital Group, private equity firm 3i Private Equity and private equity firm Electra acquired manufacturer Tensar International for 7M GBP

Acquisition Highlights
  • This is Intermediate Capital Group’s 1st, 3i Private Equity’s 1st and Electra’s 1st transaction in the Manufacturing sector.
  • This is Intermediate Capital Group’s 81st, 3i Private Equity’s 61st and Electra’s 21st largest (disclosed) transaction.
  • This is Intermediate Capital Group’s 8th, 3i Private Equity’s 3rd and Electra’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 1994-01-01
Target Tensar International
Sector Manufacturing
Buyer(s) Intermediate Capital Group
3i Private Equity
Electra
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 7M GBP

Target

Tensar International

United Kingdom
Tensar International is a worldwide leader with over 20 years experience in the provision and manufacture of best value civil engineering solutions for soil reinforcement and ground stabilisation, and installations in roads, railways, runways and embankments across the globe. Formerly the Netlon Group, Tensar International was founded in Blackburn, UK, in 1952.

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Buyer(S) 3

Buyer

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
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 11 of 293
Sector (Manufacturing) 1 of 12
Type (Buyout (LBO, MBO, MBI)) 9 of 112
Country (United Kingdom) 8 of 80
Year (1994) 1 of 4
Size (of disclosed) 81 of 82
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-01-01 McDonnell Information Systems

United Kingdom

McDonnell Information Systems is a Information technology business supplying total computing solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1994-02-01 Entrelec SA

France

Entrelec manufactures and distributes low tension electrical connecting devices for industrial uses in sectors such as utilities, transport, automotive, and chemistry. Entrelec is the leading French operator and ranks 3 worldwide. Management improved productivity through a systematic outsourcing policy. Entrelec was ultimately taken over by the ABB Group in 2001.

Buy -
Buyer

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1945
PE ASSETS 16.7B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.

DEAL STATS #
Overall 3 of 249
Sector (Manufacturing) 1 of 13
Type (Buyout (LBO, MBO, MBI)) 2 of 115
Country (United Kingdom) 3 of 71
Year (1994) 1 of 1
Size (of disclosed) 61 of 64
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1988-01-01 Omega Red Group

Nottingham, United Kingdom

Omega Red Group is the U.K. market leader in the specialist design, supply, installation, testing and maintenance of electrical earthing and lightning protection systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 Gerposa S.A.

Santander, Spain

Gerposa S.A. provides truck transportation services.

Buy -
Buyer

Electra

London, United Kingdom

Investor

Category Private Equity Firm
PE ASSETS 800M GBP
Size Large
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 Private Equity is based in London.

DEAL STATS #
Overall 2 of 36
Sector (Manufacturing) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 18
Country (United Kingdom) 2 of 27
Year (1994) 1 of 1
Size (of disclosed) 21 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1988-12-01 Gower Furniture

West Yorkshire, United Kingdom

Gower manufactures own label kitchen and bathroom furniture solutions and generates value by utilising economies of scale, leveraging Group competencies on areas such as raw material sourcing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-10-01 PHS Group

Caerphilly, United Kingdom

PHS Group Plc provides washroom services (cleaning and maintenance) to customers across the UK.

Buy -
Mergr

Product

Company

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