M&A Deal Summary

Ripplewood Holdings, Ardian and Oak Hill Capital Partners Acquires RSC Equipment Rental

On October 6, 2006, private equity firm Ripplewood Holdings LLC, asset manager Ardian and private equity firm Oak Hill Capital Partners acquired business services company RSC Equipment Rental, Inc. from Atlas Copco AB for 3.8B USD

Acquisition Highlights
  • This is Ripplewood Holdings’ 1st, Ardian’s 8th and Oak Hill Capital Partners’ 4th transaction in the Business Services sector.
  • This is Ripplewood Holdings’ 1st, Ardian’s 17th and Oak Hill Capital Partners’ 1st largest (disclosed) transaction.
  • This is Ripplewood Holdings’ 2nd, Ardian’s 8th and Oak Hill Capital Partners’ 21st transaction in the United States.
  • This is Ripplewood Holdings’ 1st, Ardian’s 1st and Oak Hill Capital Partners’ 2nd transaction in Arizona.
Investment Fate
  • RSC Equipment Rental was sold to a strategic buyer in 2011 for 1.9B USD.

M&A Deal Summary

Date 2006-10-06
Target RSC Equipment Rental, Inc.
Sector Business Services
Buyer(s) Ripplewood Holdings LLC
Ardian
Oak Hill Capital Partners
Sellers(s) Atlas Copco AB
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 3.8B USD

Target

RSC Equipment Rental, Inc.

Scottsdale, Arizona, United States
website
RSC Equipment Rental serves as a vital and trusted partner for thousands of customers in construction, industrial, petrochemical, governmental, and manufacturing businesses across the United States and Canada.

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Buyer(S) 3

Buyer

Ripplewood Holdings LLC

New York, New York, United States


Category Private Equity Firm
Founded 1995
PE ASSETS 10.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Ripplewood Holdings is a private equity firm based focused on investment opportunities at all company stages. The Firm generally considers businesses located across North America, Europe, and Asia. Target sectors include entertainment, media, financial services, publishing, automotive, and manufacturing. Ripplewood Holdings was formed in 1995 and is based in New York City.


DEAL STATS #
Overall 3 of 4
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 3
State (Arizona) 1 of 1
Country (United States) 2 of 3
Year (2006) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-08 Honsel International Technologies SARL

Luxembourg, Luxembourg

Honsel International Technologies SARL is a provider of an automotive light metal parts in the light-metal processing industry with production facilities in Germany and France.

Buy €625M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-16 The Reader's Digest Association, Inc.

White Plains, New York, United States

Reader's Digest creates and delivers products and content for books, magazines, recorded music collections, DVD and video, and websites. The company sells its products in more than 70 countries and its magazines reach well over 100 million readers globally.

Buy $2.4B
Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1996
PE ASSETS 62.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 64 of 369
Sector (Business Services) 8 of 30
Type (Buyout (LBO, MBO, MBI)) 33 of 102
State (Arizona) 1 of 2
Country (United States) 8 of 55
Year (2006) 27 of 36
Size (of disclosed) 17 of 66
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-14 Champeau

Feytiat, France

Champeau is a manufacturer of wood roof truss systems used mainly in the construction of residential houses. Champeau was founded in 1929 and is based in Feytiat, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-10 Telediffusion de France S.A

Paris, France

Telediffusion de France S.A. engages in the operation and provision of audiovisual, mobile phone, and broadband services to radio and television operators, telecoms operators, and local communities in Europe. It also involves in the video shooting; analog/digital television and radio broadcasting; and the deployment, maintenance, and management of telecom networks.

Buy €5.0B
Buyer

Oak Hill Capital Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1986
PE ASSETS 9.5B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.


DEAL STATS #
Overall 25 of 64
Sector (Business Services) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 12 of 20
State (Arizona) 2 of 3
Country (United States) 21 of 57
Year (2006) 3 of 4
Size (of disclosed) 1 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-06 Metrika, Inc.

Sunnyvale, California, United States

Metrika is a manufacturer and marketer of single-use diabetes monitoring products. Using proprietary technology, Metrika integrates miniaturized digital electronics, micro-optics, and dry reagent chemistries into easy-to-use hand-held, low-cost, single-use monitoring devices.

Sell $57M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-19 ExlService Holdings, Inc.

New York, New York, United States

ExlService Holdings is a business process solutions company that looks deeper to drive business impact through integrated services and industry knowledge. EXL provides operations management, decision analytics and technology platforms to organizations in insurance, healthcare, banking and financial services, utilities, travel, and transportation and logistics, among others. ExlService Holdings was founded in 1999 and is based in New York, New York.

Sell -

Seller(S) 1

SELLER

Atlas Copco AB

Stockholm, Sweden

website


Category Company
Founded 1873
SectorMachinery
Employees40,000
Revenue 99.8B SEK (2020)
DESCRIPTION
Entrance to an Atlas Copco facility in Rock Hill, South Carolina.
Entrance to an Atlas Copco facility in Rock Hill, South Carolina.

Atlas Copco is a diversified industrial group. The Company is a manufacturer of compressors, expanders and air treatment systems, construction and mining equipment, power tools, and assembly systems. Atlas Copco was founded in 1873 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 4 of 7
Sector (Business Services) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Arizona) 1 of 1
Country (United States) 2 of 3
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-21 TBB Industrial Tools Services GmbH

Dingolfing, Germany

TBB Industrial Tools Services GmbH is a provider of measuring instruments for industrial tools.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 Rodcraft Beteiligungsgesellschaft mbH

Germany

Rodcraft Beteiligungsgesellschaft mbH is a provider of distribution services for pneumatic tools and workshop equipment in the automotive industry.

Buy -