M&A Deal Summary

Equistone Partners Europe Limited and Invex Capital Acquire DCK Concessions

On March 19, 2003, private equity firms Equistone Partners Europe Limited and Invex Capital acquired retailer DCK Concessions for 44M EUR

Acquisition Highlights
  • This is Equistone Partners Europe Limited’s 4th and Invex Capital’s 1st transaction in the Retail sector.
  • This is Equistone Partners Europe Limited’s 38th and Invex Capital’s largest (disclosed) transaction.
  • This is Equistone Partners Europe Limited’s 39th and Invex Capital’s 3rd transaction in the United Kingdom.
Investment Fate
  • DCK Concessions was sold to a consortium of financial buyers in 2005 for 55M GBP.

M&A Deal Summary
Date 2003-03-19
Target DCK Concessions
Sector Retail
Buyer(s) Equistone Partners Europe Limited
Invex Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 44M EUR

Target

DCK Concessions

Billericay, United Kingdom
website
DCK Concessions Ltd. is a fashion jewellery retailers in the world. It trades in over 3,000 concession outlets across 22 countries worldwide. DCK has one of the largest design, sourcing and buying teams for fashion jewellery worldwide

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Buyer(S) 2

Buyer

Equistone Partners Europe Limited

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
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 €200 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 69 of 253
Sector (Retail) 4 of 14
Type (Buyout (LBO, MBO, MBI)) 58 of 132
Country (United Kingdom) 39 of 100
Year (2003) 1 of 14
Size (of disclosed) 38 of 54
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-19 Lasercom

United Kingdom

Lasercom is the European systems integrator and Application Service Provider (ASP) specialising in customer communications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-01 Firstassist Insurance Services

Sutton, United Kingdom

Firstassist Insurance Services Ltd. is a provider of healthcare insurance and related assistance operations that cater to the changing health and well being needs of businesses large and small individuals throughout their life stages.

Buy -
Buyer

Invex Capital

London, United Kingdom

website

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Invex Capital LLP is a private equity firm focused on investments in smaller UK-based companies. Invex will consider a variety of transaction situations, including recapitalization, outright sales, as well as shareholder liquidity needs in a variety of sectors. Several areas of interest include business services, retail, consumer products, manufacturing, IT services, building materials, and energy. The Firm's target transaction size is £5 to £100 million. Invex Capital is based in London.

DEAL STATS #
Overall 3 of 9
Sector (Retail) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 8
Country (United Kingdom) 3 of 9
Year (2003) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-01 Crystal Windows and Doors

Romford, United Kingdom

Crystal Windows and Doors Ltd. sells and installs own-brand PVC-U windows and doors in the south east of England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-02 Salter Housewares

Tonbridge, United Kingdom

Salter is the leading brand in the UK consumer scale market and also occupies strong positions in a number of key international markets.

Sell -
Mergr

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