Buyout (LBO, MBO, MBI) • Automotive

Perfectis Private Equity Acquires Holding Trophy SA

On November 1, 2003, private equity firm Perfectis Private Equity acquired automotive company Holding Trophy SA for 15M EUR

Acquisition Context
  • This is Perfectis Private Equity’s 1st transaction in the Automotive sector.
  • This is Perfectis Private Equity’s largest (disclosed) transaction.
  • This is Perfectis Private Equity’s 6th transaction in France.
Investment Fate
  • Holding Trophy SA was sold to a consortium of financial buyers in 2008.
  • Holding Trophy SA was sold to a strategic buyer in 2011.

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M&A Deal Summary

Date November 1, 2003
Target Holding Trophy SA
Sector Automotive
Buyer(s) Perfectis Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 15M EUR

Target Company

Holding Trophy SA

Gennevilliers, France
Holding Trophy is one of the European leaders for motocycle accessories (Bagster trade mark) and motocycle rider equipement (Bering, Segura, BLH trade marks). Bering (jackets and accessories) is the leading brand in France with a market share of nearly 25 %. Holding Trophy designs and distributes in France (76 % of sale) and in Europe (26 %) via wholesalers, agents or independent distributor networks. Manufacturing is outsourced in Asia. Since its creation in 1993, Holding Trophy increased its turnover by broadening its range of products and its distribution networks, through internal and external growth (acquisition of Segura in 2004 and Bagster in 2006), to reach 38 million euros of sales in 2008. Holding Trophy will benefit from the development of the scooter market (16 % growth in France over the period 2005/2008) and increased need of safety equipment by addressing the segments with specific product ranges . The commercial synergies between the brands, export markets and the development of B to B sales represent other subjects of focus.
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Buyer Overview 1

Buyer

Perfectis Private Equity

Paris, France

Category Private Equity Firm
Founded 2000
PE ASSETS 200M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Perfectis Private Equity is an independent private equity firm focused on investing in private, lower middle-market businesses located in France. Perfectis primarily looks for control situations and prefers companies with strong 'internal or external growth prospects'. The Firm's target investment size is between EUR5 and EUR18 million in businesses genrerating sales of EUR15 to EUR150 million and EBIT of EUR1.5 to EUR6 million. Perfectis Private Equity was formed in 2000 and is based in Paris, France.


Deal Context for Buyer #
Overall 6 of 25
Sector: Automotive 1 of 1
Type: Buyout (LBO, MBO, MBI) 6 of 22
Country: France 6 of 25
Year: 2003 3 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 SAM+ SA

Morangis, France

Sam+ Specialiste Architecture Metal is a company of fine metalworking and has the leadership in Paris and its region. Sam+ differentiates itself through its global offer, associating building and maintenance activities. Experience and high level technical conception allows Sam+ to handle major and costly work sites.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Techniline SA

Gennevilliers, France

Techniline SA is a developer, and distributor of camera material and accessories.

Buy -