M&A Deal Summary

Rutland Partners and Beringea Acquires Maplin Electronics

On June 27, 2014, private equity firms Rutland Partners LLP and Beringea acquired retail company Maplin Electronics Ltd. from Montagu Private Equity LLP for 85M GBP

Acquisition Highlights
  • This is Rutland Partners’ 3rd and Beringea’s 1st transaction in the Retail sector.
  • This is Rutland Partners’ 0th and Beringea’s 1st largest (disclosed) transaction.
  • This is Rutland Partners’ 21st and Beringea’s 30th transaction in the United Kingdom.

M&A Deal Summary

Date 2014-06-27
Target Maplin Electronics Ltd.
Sector Retail
Buyer(s) Rutland Partners LLP
Beringea
Sellers(s) Montagu Private Equity LLP
Deal Type Secondary Buyout
Deal Value 85M GBP

Target

Maplin Electronics Ltd.

Rotherham, United Kingdom
website
Maplin Electronics Ltd. is a specialist retailer of consumer electronics. Its national network of stores are a goldmine of useful consumer technologies and gadgets.

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Buyer(S) 2

Buyer

Rutland Partners LLP

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1986
PE ASSETS 650M GBP
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Rutland Partners is a generalist private equity firm focused on investing in mid-market companies based in or with a significant presence in the UK. Rutland looks to commit £10-50 million of equity capital in companies valued up to £150 million. Prospective transactions can take the form of take privates, management buyouts, management buy-ins, replacement capital, turnarounds, and secondary purchases. Rutland Partners was formed in 1986 and is based in London.


DEAL STATS #
Overall 25 of 33
Sector (Retail) 3 of 3
Type (Secondary Buyout) 3 of 4
Country (United Kingdom) 21 of 29
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-02 Millbrook Proving Ground Ltd.

Bedford, United Kingdom

Millbrook Proving Ground Ltd. provides virtually every test, validation, and homologation service necessary for today’s demanding programs. Millbrook Group provides vehicle test, validation, and engineering services to customers in the automotive, transport, tire, petrochemical, defense, and security industries. Millbrook Proving Ground was founded in 1970 and is based in Bedford, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-16 Cedo Ltd.

Shropshire, United Kingdom

Cedo Ltd. is a manufacturer of household disposables, manufacturing both own-label and proprietary products such as refuse sacks, bin liners and other speciality kitchen and household disposable products including nappy sacks, cling film and aluminium foil. It holds strong supply relationships with the majority of Europe’s largest supermarkets and discounters. Cedo was established in 1965 and is based in Shropshire, United Kingdom.

Sell -
Buyer

Beringea

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 715M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Beringea LLP is a private equity firm focused on growth-oriented company investments in the Midwest US and the UK. Beringea looks to invest $2 to $10 million of equity or junior capital in profitable companies with 5 million and higher in revenue. Funds are used to support business expansions and growth, ownership transitions, leveraged buyouts, recapitalization, and refinancings. The Firm does not have any sector preferences and generally seeks businesses with proven business models and defensible market positions. Beringea was formed in 1988 and is based in London.


DEAL STATS #
Overall 56 of 99
Sector (Retail) 1 of 2
Type (Secondary Buyout) 3 of 3
Country (United Kingdom) 30 of 60
Year (2014) 11 of 19
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-23 MyOptique Group Ltd.

London, United Kingdom

MyOptique Group Ltd. is an online optical segment with a full offering covering all three major segments in the eyewear market prescription glasses, contact lenses and sunglasses via its Glasses Direct, Sunglasses Shop, LensOn and MyOptique websites.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-10 Perfect Channel Ltd.

London, United Kingdom

Perfect Channel Ltd. is a enterprise auction platform, providing auction technology for some of the world’s biggest brands. Perfect Channel provides an end-to-end auction solution for businesses, with services across auction design, auction management and post-auction analytics. Its platform is designed for scale, managing up to 60,000 simultaneous bidders, across a variety of different verticals on a global basis.

Buy -

Seller(S) 1

SELLER

Montagu Private Equity LLP

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
PE ASSETS 4.0B EUR
SizeMega
Type Sector Agnostic
DESCRIPTION

Montagu Private Equity is an independent private equity firm focused on European management buyouts and other private equity transactions. The Group looks for opportunities valued between €100 million and €1 billion. Sectors of interest include waste management, business services, consumer goods, food/beverage, aerospace/defense, media, healthcare, transportation, technology hardware, distribution, industrial, energy, and retail. Montagu is owned by its managers as well as HSBC, which owns a 20% stake in the firm. Montagu Private Equity dates back to 1968 and maintains offices in London, Manchester, Paris, Dusseldorf, and Stockholm.


DEAL STATS #
Overall 58 of 70
Sector (Retail) 3 of 3
Type (Secondary Buyout) 22 of 28
Country (United Kingdom) 35 of 40
Year (2014) 1 of 3
Size (of disclosed) 21 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-02 Sebia SA

Lisses, France

Sebia is a provider of clinical protein electrophoresis equipment and reagents, a technology used for in-vitro diagnostic testing. Its systems analyse proteins in order to screen and monitor various diseases and conditions; primarily oncology (Multiple Myeloma), metabolic disorders such as Diabetes and also Hemoglobinopathy and rare pathologies. The company is headquartered in Lisses, France, and operates across more than 120 countries.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-01 Euromedic International NV

Amsterdam, Netherlands

Euromedic International is a provider of diagnostic imaging and hemodialysis treatment services in Central and Eastern Europe, with healthcare centers located in Poland, Hungary, Romania, Russia, Croatia, Bosnia-Herzegovina, Greece, Turkey and the Czech Republic. Euromedic International was founded in 1998 and is based in Amsterdam, Netherlands.

Sell -