M&A Deal Summary |
|
|---|---|
| Date | 2006-04-28 |
| Target | Cegelec SAS |
| Sector | Energy Services and Equipment |
| Buyer(s) |
Alpha Group
European Capital LBO France |
| Sellers(s) |
Charterhouse Strategic Partners
Qualium Investissement Intermediate Capital Group |
| Deal Type | Secondary Buyout |
| Deal Value | 3.0B EUR |
| Advisor(s) | Canaccord Genuity Corp. (Financial) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1985 |
| PE ASSETS | 2.0B EUR |
| Size | Large |
| Type | Sector Agnostic |
Alpha Group is a European private equity firm specializing in LBOs and development capital investments. The Firm seeks to invest in companies throughout Europe, including Germany, Switzerland, Italy, France, and Benelux as well as some eastern European countries. The Firm seeks to commit €50 to €125 million in companies valued between €100 and €500 million. Alpha typically takes majority control and arranges for founders or key managers to co-invest. Sectors of interest include Consumer & Leisure, Fashion & Design, Industrial Manufacturing and Service & Distibution. Alpha Group was formed in 1985 and is based in Paris.
| DEAL STATS | # |
|---|---|
| Overall | 48 of 77 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Secondary Buyout) | 4 of 15 |
| Country (France) | 26 of 36 |
| Year (2006) | 3 of 7 |
| Size (of disclosed) | 1 of 57 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-04-01 |
Mecatherm SA
Baremabach, France Mecatherm SA develops, assembles and installs automated production lines for industrial bakery products (baguettes, artisan bread, cakes, etc.) worldwide. |
Buy | €91M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-06-01 |
eterna Mode
Passau, Germany eterna Mode GmbH is an european provider of non-iron men's & women's shirts. |
Buy | €91M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 1.2B EUR |
| Size | Large |
| Type | Sector Agnostic |
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 | 22 of 74 |
| Sector (Energy Services and Equipment) | 3 of 3 |
| Type (Secondary Buyout) | 5 of 28 |
| Country (France) | 8 of 31 |
| Year (2006) | 11 of 27 |
| Size (of disclosed) | 3 of 32 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-03-27 |
Onduline
Suresnes, France Onduline is a manufacturing and marketing bitumen based roofing materials mainly roofing sheets and roof deck sheets. Onduline develops, produces and sells light building materials produced from recycled fibers and oil. Onduline was founded in 1944 and is based in Suresnes, France. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-05-10 |
Findus
London, United Kingdom Findus is a frozen food group and one of Europe’s overall food manufacturers. Through its Young's and Findus brands, category leaders within the UK, the Nordic region, and France, the Group's portfolio of leading brands is unmatched in its strength and awareness with consumers in its core markets. Findus was founded in 1945 and is based in London, United Kingdom. |
Buy | - |
| Category | Asset Manager |
|---|---|
| Founded | 1985 |
| PE ASSETS | 5.4B EUR |
| Size | Mega |
| Type | Sector Agnostic |
LBO France is an independent private equity group focused on acquiring majority stakes in French firms, or companies with French management. LBO France manages several funds, each targeting different types of businesses. The Firm's mid-market fund looks to acquire majority or minority stakes in companies valued from €100 million to €2.5 billion. The mid-market fund generally looks at companies with predictable sales, profits and cash flow, but will also consider businesses with under-utilized assets. LBO France's small cap fund targets majority stakes in smaller, profitable businesses valued from €10 to €100 million, with strong potential for growth or consolidation. In addition to its equity funds, LBO France also invests in real estate and provides LBO loans issued by medium-sized European companies (enterprise value between €150m and €2bn). LBO France was formed in 1985 and is based in Paris.
| DEAL STATS | # |
|---|---|
| Overall | 19 of 91 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Secondary Buyout) | 5 of 35 |
| Country (France) | 16 of 76 |
| Year (2006) | 3 of 7 |
| Size (of disclosed) | 1 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-02-01 |
Gault et Fremont SAS
St Pierre des Corps, France Gault et Fremont SAS is a manufacturer of packaging paper and cardboard destined for bakery - pastry (printing, cutting, folding, gluing). Gault & Frémont was established in 1850 and is based in St Pierre des Corps, France. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-06-01 |
Seni SARL
Le Kremlin Bicetre, France Seni is one of the main players in the clean and multi-service social housing in Ile de France. The Group has also developed activities related to replacement of building superintendents, maintenance of all building trades and electronic security. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1973 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Charterhouse Strategic Partners is a private equity firm that targets investments in middle market companies located throughout North America. Charterhouse typically pursues companies valued between $25 and $150 million, however the firm will also consider new platform companies valued less than $50 million if there is the possibility for rapid expansion (organic or through acquisitions). Target companies generally possess highly motivated management with a proven track record, scalable business models, sustainable competitive advantages (brand recognition/proprietary products), and a leading position in a growing market. Broad sectors of interest include business services, healthcare services, consumer products, and consumer services. Charterhouse was founded in 1973 and is based in Summit, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 16 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 6 |
| Country (France) | 1 of 1 |
| Year (2006) | 2 of 2 |
| Size (of disclosed) | 2 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-04-10 |
Camelot Education
East Dripping Springs, Texas, United States Camelot Education is a provider of services to youth and adolescent populations in both the behavioral health and education markets. Camelot conducts its operations through residential treatment facilities, therapeutic day schools and alternative education and community-based programs. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-07-07 |
Suddenlink
St. Louis, Missouri, United States Suddenlink is a major U.S. cable broadband provider, supporting the information, communication and entertainment demands of approximately 1.3 million customers in North Carolina, West Virginia, Missouri, Arkansas, Louisiana, Texas, Oklahoma and California. Suddenlink was formed in 2003 and is based in St. Louis, Missouri. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 1.6B EUR |
| Size | Large |
| Type | Sector Agnostic |
Qualium Investissement is a large private equity firm focused on acquiring and investing in French companies. The Firm does not have any sector preferences and prefers buyouts of family-owned or closely held companies that are seeking a change of ownership. Qualium's looks to invest €20 to €75 million in transactions valued up to €250 million. Qualium Investissement is based in Paris.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 36 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Secondary Buyout) | 3 of 24 |
| Country (France) | 4 of 34 |
| Year (2006) | 2 of 5 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-03-01 |
THOM Europe
Paris, France THOM Europe is a jewellery retailer in shopping centres, operating in the generalist affordable precious jewellery segment of the market where average ticket prices are below €300 but represent over 50% of the market in France. THOM Europe was founded in 1981 and is based in Paris, France. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-06-01 |
Autodistribution
Arcueil, France Autodistribution is a distributor of car and heavy goods vehicle parts in France. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 74.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 62 of 217 |
| Sector (Energy Services and Equipment) | 1 of 4 |
| Type (Secondary Buyout) | 20 of 82 |
| Country (France) | 18 of 58 |
| Year (2006) | 5 of 17 |
| Size (of disclosed) | 2 of 73 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-04-21 |
OREFI
Lyon, France Orefi distributes industrial supplies. OREFI was founded in 1987 and is based in Lyon, France. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-05-01 |
CPL Industries
Sheffield, United Kingdom CPL Industries Ltd. is a manufacturer and distributor of smokeless solid fuels and coal briquettes across the UK. Manufacturing 21 different solid fuels, predominantly smokeless, CPL is a coal merchant and wholesaler, selling to over 60,000 end users together with around 15 wholesalers, 400 merchants and 2,000 retailers. |
Sell | - |
