Investment Summary

aPriori Capital Partners, Intermediate Capital Group, Cinven, Candover Investments, Permira and ATP Private Equity Partners Invest In The Gala Group

On October 9, 2005, private equity firm aPriori Capital Partners, mezzanine finance firm Intermediate Capital Group, private equity firm Cinven, private equity firm Candover Investments, private equity firm Permira and private equity firm ATP Private Equity Partners invested in leisure company The Gala Group

Investment Highlights
  • This is aPriori Capital Partners’ 1st, Intermediate Capital Group’s 3rd, Cinven’s 6th, Candover Investments’ 1st, Permira’s 2nd and ATP Private Equity Partners’ 1st transaction in the Leisure sector.
  • This is aPriori Capital Partners’ 4th, Intermediate Capital Group’s 54th, Cinven’s 68th, Candover Investments’ 8th, Permira’s 17th and ATP Private Equity Partners’ 2nd transaction in the United Kingdom.
Investment Fate
  • The Gala Group merged with another company in 2010.

Investment Summary

Date 2005-10-09
Target The Gala Group
Sector Leisure
Investor(s) aPriori Capital Partners
Intermediate Capital Group
Cinven
Candover Investments
Permira
ATP Private Equity Partners
Deal Type Stake Purchase

Target

The Gala Group

Nottingham, United Kingdom
The Gala Group is a provider of bingo and casino operations in the UK.

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Investor(S) 6

Investor

aPriori Capital Partners

Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

aPriori Capital Partners (formerly DLJ Merchant Banking Partners) is a middle-market private equity firm focused on middle-market buyouts in the US and Europe. Sectors of interest include healthcare, retail, consumer, energy, business services, and industrial. aPriori was originally established in 1985 and has offices in New York and Los Angeles.


DEAL STATS #
Overall 38 of 56
Sector (Leisure) 1 of 1
Type (Stake Purchase) 6 of 8
Country (United Kingdom) 4 of 6
Year (2005) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-26 Caledonia Oil & Gas

London, United Kingdom

Caledonia was a U.K. based natural gas company focused on the acquisition, operation and exploitation of producing natural gas fields and transportation systems located in the Southern Gas Basin of the North Sea.

Sell $846M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-13 CRC Health

Cupertino, California, United States

CRC Health Group is a provider of treatment and educational programs for addiction and related behavioral health disorders.

Sell $720M
Investor

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 147 of 292
Sector (Leisure) 3 of 6
Type (Stake Purchase) 4 of 12
Country (United Kingdom) 54 of 79
Year (2005) 26 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-03 Tes Global

London, United Kingdom

Tes Global is an international provider of software services to make life easier for schools and teachers. All products and services are built with teachers and schools needs at the core, ensuring they are innovative, trusted education solutions. Tes Global products play a critical role helping teachers and school leaders deal with the challenges of teaching, including safeguarding and compliance, smart pupil management, and staff management. This dedication and focus supports educators across the globe in providing high quality education to millions of children using smart, flexible, and cost-effective solutions. A global Company, Tes Global was formed in 1910 and and operates across 10 offices, including in London, Sheffield, Hong Kong, Melbourne, Sydney, and Dubai.

Buy £235M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-31 Environmental Resources Management

London, United Kingdom

Environmental Resources Management is a global provider of environmental, health, safety, risk, and social consulting services. Environmental Resources Management was founded in 1871 and is based in London, United Kingdom.

Sell $535M
Investor

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.


DEAL STATS #
Overall 100 of 184
Sector (Leisure) 6 of 7
Type (Stake Purchase) 3 of 5
Country (United Kingdom) 68 of 87
Year (2005) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-01 Eutelsat Group

Issy-les-Moulineaux, France

Eutelsat Group is a satellite operator that provides transponder capacity for video broadcasters, European Direct-to-Home (DTH) operators, European governments, and the US government, as well as for corporate data networks and other voice and data providers. Eutelsat Group was founded in 1977 and is based in Issy-les-Moulineaux, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-20 Frans Bonhomme

Joué lès Tours, France

Frans Bonhomme is a provider in the distribution of plastic pipes and fittings. Frans Bonhomme was founded in 1935 and is based in Joué lès Tours, France.

Buy €893M
Investor

Candover Investments

London, United Kingdom

Category Private Equity Firm
Founded 1980
PE ASSETS 8.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Candover Investments is a private equity firm that targets investments in European and Asian companies operating in broad range of industries. Candover's primary focus is on businesses located in Western Europe; including the UK, France, Germany, Italy, Scandinavia, and Spain. However, the Firm also considers opportunities in Asia and Eastern Europe. The Firm's target investment size is €150 to €500 million in businesses valued between €500 million and €5 billion. Sectors of interest include media, financial services, support services, leisure, healthcare, technology, and industrial. Candover Investments was formed in 1980 and is based in London.


DEAL STATS #
Overall 16 of 30
Sector (Leisure) 1 of 2
Type (Stake Purchase) 2 of 2
Country (United Kingdom) 8 of 9
Year (2005) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-22 Swissport International AG

Opfikon, Switzerland

Swissport International Ltd. provides ground services for around 224 million passengers and handles 4.1 million tonnes of cargo a year on behalf of some 700 client-companies in the aviation sector.

Sell Fr.1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-04 Grupo Corporativo ONO S.A.

Madrid, Spain

Grupo Corporativo ONO S.A. is a broadband service provider. It offers direct access telephony, pay television and internet access services to the residential market where, ONO offers advanced voice, data and value-added services across its own high capacity local access and national backbone networks.

Buy €2.3B
Investor

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 49 of 161
Sector (Leisure) 2 of 4
Type (Stake Purchase) 4 of 10
Country (United Kingdom) 17 of 34
Year (2005) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-01 Jet Aviation

Zurich, Switzerland

Jet Aviation is a Swiss-based international business aviation services company. The company provides maintenance, completions and refurbishment, engineering and fixed base operations, along with aircraft management, charter services, aircraft sales and personnel services.

Buy €1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-01 TDC Group

Copenhagen, Denmark

TDC Group is a provider of communications and entertainment solutions. TDC Group has become two companies, each with its own core areas, which work towards a digital future, TDC NET delivers the best mobile network and the fastest fixed-line connections – and represents Denmark’s digital future with a roll-out of fiber and 5G. Nuuday is the leading service provider of digital services within TV, broadband, network, and telephony for private customers and businesses and consists of nine-strong brands.

Buy $15.8B
Investor

ATP Private Equity Partners


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

ATP Private Equity Partners is a Danish institutional investment firm focused on investing in private equity funds across Europe, North America, and select emerging markets. The Firm is supported by ATP, Denmark's largest pension fund. In addition to investing in private equity funds, ATP also looks to for co-investment situations. ATP Private Equity Partners was formed in 2001 and is headquartered in Copenhagen, Denmark.


DEAL STATS #
Overall 4 of 44
Sector (Leisure) 1 of 1
Type (Stake Purchase) 1 of 2
Country (United Kingdom) 2 of 2
Year (2005) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-04 Sanitec

Helsinki, Finland

Sanitec is a European multi-brand group that designs, manufactures, and markets bathroom ceramics and bath and shower products. Sanitec was founded in 1990 and is based in Helsinki, Finland.

Buy €951M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-04 Grupo Corporativo ONO S.A.

Madrid, Spain

Grupo Corporativo ONO S.A. is a broadband service provider. It offers direct access telephony, pay television and internet access services to the residential market where, ONO offers advanced voice, data and value-added services across its own high capacity local access and national backbone networks.

Buy €2.3B