M&A Deal Summary

Epiris and Legal & General Group Acquire CALA Group

On April 19, 2013, private equity firm Epiris and Legal & General Group acquired real estate company CALA Group for 210M GBP

Acquisition Highlights
  • This is Epiris’ 5th and Legal & General Group’s 1st transaction in the Real Estate sector.
  • This is Epiris’ 8th and Legal & General Group’s largest (disclosed) transaction.
  • This is Epiris’ 37th and Legal & General Group’s 3rd transaction in the United Kingdom.
Investment Fate
  • CALA Group was sold to a consortium of buyers in 2017.

M&A Deal Summary

Date 2013-04-19
Target CALA Group
Sector Real Estate
Buyer(s) Epiris
Legal & General Group
Deal Type Divestiture
Deal Value 210M GBP

Target

CALA Group

Falkirk, United Kingdom
website
CALA Group is a provider of high quality homes in the North, East and West of Scotland, in the Midlands and in the South East of England, with a focus on high quality, well designed homes in prime locations, from starter homes to luxury detached family properties. CALA Group was founded in 1875 and is based in Falkirk, United Kingdom.

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Buyer(S) 2

Buyer

Epiris

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra Partners is a UK-based private equity firm focused on buyouts, co-investments, secondary fund purchases, and debt investing. The Firm's direct investing group looks to make majority or minority investments of £40 to £150 million in deals valued up to £500 million. Electra was formed in 1976 and is based in London.


DEAL STATS #
Overall 48 of 73
Sector (Real Estate) 5 of 5
Type (Divestiture) 4 of 13
Country (United Kingdom) 37 of 60
Year (2013) 2 of 3
Size (of disclosed) 8 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-10 esure

Reigate, United Kingdom

esure is a motor insurer offering car, home, pet and travel insurance over the internet and by phone through the esure and Sheilas’ Wheels brands. esure was formed in 2000 and is based Reigate, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-03 Allflex Europe

Roxburghshire, United Kingdom

Allflex Europe is a designer, producer and distributor of animal intelligence and monitoring technologies for livestock, pets, fish and other species. It designs, produces and distributes a variety of products such as radio‐frequency identification (RFID) and visual ear tags, tissue sampling devices, RFID implants, monitoring devices, milk meters, and other farm management equipment. Allflex Europe was founded in 1973 and is based in Roxburghshire, United Kingdom.

Sell $1.4B
Buyer

Legal & General Group

London, United Kingdom

website


Category Company
Founded 1836
Sector Financial Services
Employees11,498
Revenue 45.5B GBP (2021)
DESCRIPTION

Legal & General Group is a large insurance and investment management company. Legal & General is divided into four business segments. These include Legal & General Retirement, Legal & General Investment Management, Legal & General Capital, and Legal & General Insurance. Legal & General was founded in 1836 and is based in London, the United Kingdom.


DEAL STATS #
Overall 4 of 9
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 3 of 7
Year (2013) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-11 Suffolk Life Group

Ipswich, United Kingdom

Suffolk Life Group Ltd. is a provider and administrator of specialist pension products, primarily Self-Invested Personal Pensions (SIPPs). It has total assets exceeding £5 billion. Suffolk Life owns over 2,700 properties for over 4,000 SIPP investors.

Buy £62M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-09 New Life Home Finance

Solihull, United Kingdom

New Life Home Finance Ltd. is a provider of lifetime mortgages designed to assist homeowners to raise cash against the security of their property while continuing to own and live in their homes.

Buy £5M