M&A Deal Summary

KKR Acquires Hilding Anders International AB

On September 30, 2013, private equity firm KKR & Co. L.P. acquired furniture company Hilding Anders International AB from Arle Capital Partners, European Capital and Candover Investments Plc

Acquisition Highlights
  • This is KKR’s 1st transaction in the Furniture sector.
  • This is KKR’s 2nd transaction in Sweden.

M&A Deal Summary

Date 2013-09-30
Target Hilding Anders International AB
Sector Furniture
Buyer(s) KKR & Co. L.P.
Sellers(s) Arle Capital Partners
European Capital
Candover Investments Plc
Deal Type Secondary Buyout

Target

Hilding Anders International AB

Malmo, Sweden
website
Hilding Anders is a bed and mattress manufacturer which sells both branded and private-label products in over 40 markets and has delivered strong growth over the past decade. Hilding Anders was founded in 1939 and is based in Malmo, Sweden.

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Buyer(S) 1

Buyer

KKR & Co. L.P.

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 367.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

Kohlberg Kravis Roberts & Co. LP (KKR) is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into three business segments which include private markets, public markets, and capital markets and principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will consider investments in a broad range of industries located in North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976, is based in New York City, and has offices throughout the globe.


DEAL STATS #
Overall 131 of 399
Sector (Furniture) 1 of 2
Type (Secondary Buyout) 25 of 91
Country (Sweden) 2 of 4
Year (2013) 15 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 Haier Smart Home Co. Ltd.

Qingdao, China

Haier is a manufacturer and distributor of home appliances. Haier provides refrigerators, freezers, washing machines, dryers, household, and commercial air-conditioners, purifiers, fresh air systems, electric water heaters, gas water heaters, solar water heaters, heat pump water heaters, vacuum cleaners. Haier was founded in 1984 and is based in Qingdao, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-09 The Crosby Group LLC

Tulsa, Oklahoma, United States

The Crosby Group is a global provider of highly engineered solutions for lifting and rigging applications across the oil and gas, construction, mining, and industrial sectors. The Crosby Group was founded in 1885 and is headquartered in Tulsa, Oklahoma.

Buy -

Seller(S) 3

SELLER

Arle Capital Partners

London, United Kingdom

website


Category Private Equity Firm
Founded 2011
PE ASSETS 2.0B EUR
SizeLarge
Type Sector Agnostic
DESCRIPTION

Arle Capital Partners Ltd. Is a private equity partnership firm focuses on acquiring business located in the UK, Scandinavia, and Western Europe. The Firm targets companies operating in the fields of energy, natural resources, industrial, and business services. It seeks to invest in companies with an enterprise value of up to €1 billion. Arle Capital spun-out of Candover Investments in 2011 and currently manages all of Candover's investment interests. The Firm is based in London.


DEAL STATS #
Overall 11 of 16
Sector (Furniture) 1 of 1
Type (Secondary Buyout) 7 of 7
Country (Sweden) 2 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-29 Capital Safety, Inc.

Red Wing, Minnesota, United States

Capital Safety, Inc. is a provider of fall protection equipment for people working at height in a wide range of end user sectors including manufacturing, construction, oil and gas, and utilities.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-27 DX Group plc

Datchet, United Kingdom

Continuing deregulation in the UK postal sector plus high barriers to entry are presenting real opportunities for mail delivery companies. When Candover was first introduced to SMS we liked the company but felt the deal was, by itself, too small for our fund. Rather than pass up the opportunity, we identified a potential partner in DX Services. The successful merger has created the UK's largest private mail operator. DX Group was founded in 1975 and is based in Datchet, the United Kingdom.

Sell -
SELLER

European Capital

London, United Kingdom

website


Category Private Equity Firm
Founded 2005
PE ASSETS 1.2B EUR
SizeLarge
Type Sector Agnostic
DESCRIPTION

European Capital is the European investment affiliate of American Capital. European Capital looks to provide a variety of investment and financing solutions including unitranche debt, mezzanine capital, senior debt, and equity co-investment. Funds are typically used to support buyouts, recapitalizations, finance growth, and make acquisitions. European Capital is sector agnostic, however the Firm has a preference for investments in the consumer, technology, manufacturing, services, and distribution sectors. European Capital was formed in 2005 and is based in London.


DEAL STATS #
Overall 30 of 52
Sector (Furniture) 1 of 2
Type (Secondary Buyout) 13 of 24
Country (Sweden) 1 of 3
Year (2013) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 Qioptiq Group

Kroll, Luxembourg

Qioptiq designs and manufactures photonic products and solutions that serve a wide range of markets and applications in the areas of medical and life sciences, industrial manufacturing, defense and aerospace, and research and development.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-02 Biscuit International S.A.S.

Paris, France

Biscuit International S.A.S. is a manufacture of private label biscuits (MDD), with a wide range of products with a European or local presence according to the ranges - traditional biscuits, nutrition (organic, gluten-free, without added sugar, without palm oil), waffles, etc. and with a strong culture of innovation.

Sell -
SELLER

Candover Investments Plc

London, United Kingdom

website


Category Private Equity Firm
Founded 1980
PE ASSETS 8.7B EUR
SizeMega
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 21 of 26
Sector (Furniture) 1 of 1
Type (Secondary Buyout) 11 of 12
Country (Sweden) 2 of 2
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 Qioptiq Group

Kroll, Luxembourg

Qioptiq designs and manufactures photonic products and solutions that serve a wide range of markets and applications in the areas of medical and life sciences, industrial manufacturing, defense and aerospace, and research and development.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-27 DX Group plc

Datchet, United Kingdom

Continuing deregulation in the UK postal sector plus high barriers to entry are presenting real opportunities for mail delivery companies. When Candover was first introduced to SMS we liked the company but felt the deal was, by itself, too small for our fund. Rather than pass up the opportunity, we identified a potential partner in DX Services. The successful merger has created the UK's largest private mail operator. DX Group was founded in 1975 and is based in Datchet, the United Kingdom.

Sell -