M&A Deal Summary

LBO France and Arkea Capital Partners Acquire Moustache Bikes

On February 26, 2019, asset manager LBO France and private equity firm Arkea Capital Partners acquired consumer products company Moustache Bikes from Initiative & Finance for 150M EUR

Acquisition Highlights
  • This is LBO France’s 5th and Arkea Capital Partners’ 2nd transaction in the Consumer Products sector.
  • This is LBO France’s 10th and Arkea Capital Partners’ largest (disclosed) transaction.
  • This is LBO France’s 62nd and Arkea Capital Partners’ 33rd transaction in France.

M&A Deal Summary
Date 2019-02-26
Target Moustache Bikes
Sector Consumer Products
Buyer(s) LBO France
Arkea Capital Partners
Sellers(s) Initiative & Finance
Deal Type Secondary Buyout
Deal Value 150M EUR

Target

Moustache Bikes

Thaon-les-Vosges, France
website
Moustache Bikes is an electric bike manufacturer. Moustache Bikes was founded in 2011 and is based in Thaon-les-Vosges, France.

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Buyer(S) 2

Buyer

LBO France

Paris, France

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1985
PE ASSETS 5.4B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

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 73 of 91
Sector (Consumer Products) 5 of 7
Type (Secondary Buyout) 30 of 35
Country (France) 62 of 76
Year (2019) 1 of 5
Size (of disclosed) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 IKKS Group

Saint-Macaire-en-Mauges, France

IKKS Group is a provider of premium and affordable luxury apparel pieces for women, children, and men through the IKKS Women, IKKS Junior, IKKS Men, One Step, X and O, and I.Code brand names, offering creative and contemporary collections. IKKS Group was founded in 1986 and is based in Saint-Macaire-en-Mauges, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-15 Passman

Villeurbanne, France

Passman is a provider of broadband Internet access solutions for hospitality and healthcare facilities (hotels, campsites, clinics, etc). Passman was founded in 1995 and is based in Villeurbanne, France.

Buy -
Buyer

Arkea Capital Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2011
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Arkéa Capital Partners is the private equity investment arm of diversified financial services company Crédit Mutuel Arkéa. Arkéa Capital looks to make long-term investments in established, market leading companies. The Group does not have any sector preferences. Arkéa Capital Partners does not have any sector preferences and is headquartered in Brest.

DEAL STATS #
Overall 33 of 76
Sector (Consumer Products) 2 of 6
Type (Secondary Buyout) 8 of 11
Country (France) 33 of 74
Year (2019) 1 of 13
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 Malherbe

Rots, France

Malherbe is a provider of goods transportation and chartering services. Malherbe was founded in 1953 and is based in Rots, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-07 SRS

Antibes, France

SRS mission is to invest in healthcare companies for the long term. The group provides them with long-term support in their national and international development. SRS contributions are spread over the entire care pathway for vulnerable people (age, disability, illness). SRS was founded in 1983 and is based in Antibes, France.

Buy -

Seller(S) 1

SELLER

Initiative & Finance

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
Size Small
Type Sector Agnostic
DESCRIPTION

Initiative & Finance is a private equity firm that targets small and mid-sized companies in France, Belgium, and Switzerland across all sectors. The Firm considers all types of buyouts and growth projects as a majority or minority shareholder. The Firm's investment horizon is 4 to 7 years. Initiative & Finance looks to invest between €2 and €50 million in businesses with revenue of €5 to €200 million. Initiative & Finance was established in 1984 and is headquartered in Paris, France.

DEAL STATS #
Overall 3 of 5
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (France) 3 of 5
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Fil Rouge Agence Trade Marketing

Carrière sur Seine, France

Fil Rouge Agence Trade Marketing is a provider of field marketing services. The company offers marketing services at places of sale and merchandising such as pharmacies, convenience stores, optics stores, and banking agencies. Fil Rouge was founded in 2000 and is based in Carrière sur Seine, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-17 Azman Groupe

Maisons-Alfort, France

Azman Groupe provides Installation, rental, and maintenance of electronic monitoring equipment. Azman was formed in 2008 adn is based in Maisons-Alfort, France.

Sell -
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