M&A Deal Summary

SIG Acquires Larivière SAS

On May 23, 2007, SIG acquired building materials company Larivière SAS from Ardian and Intermediate Capital Group for 300M EUR

Acquisition Highlights
  • This is SIG’s 1st transaction in the Building Materials sector.
  • This is SIG’s 0th largest (disclosed) transaction.
  • This is SIG’s 1st transaction in France.

M&A Deal Summary

Date 2007-05-23
Target Larivière SAS
Sector Building Materials
Buyer(s) SIG
Sellers(s) Ardian
Intermediate Capital Group
Deal Type Add-on Acquisition
Deal Value 300M EUR

Target

Larivière SAS

Angers, France
website
Larivière is France’s second largest distributor of roofing materials.

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Buyer(S) 1

Buyer

SIG

Sheffield, United Kingdom

website


Category Company
Founded 1957
Sector Distribution
Employees6,446
Revenue 2.7B GBP (2022)
DESCRIPTION

SIG is a distributor of specialist building products in Europe, with strong positions in its core markets of insulation & energy management, interiors and exteriors. The Group principally operates in 9 countries in Europe and has trading operations in a further 6, including countries in the Middle East, serving a wide range of trades in the building and construction markets. SIG was founded in 1957 and is based in Sheffield, United Kingdom.


DEAL STATS #
Overall 6 of 10
Sector (Building Materials) 1 of 3
Type (Add-on Acquisition) 6 of 10
Country (France) 1 of 1
Year (2007) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-16 Wodan Sp. z o.o

Portugal

Wodan Sp. z o.o is a distributor of interior products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-13 Buildspan

Camberley, United Kingdom

Buildspan is a wholesaler offering more than 300 building product for the reinforced concrete markets and civil engineering companies and contractors.

Buy -

Seller(S) 2

SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
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 14 of 219
Sector (Building Materials) 3 of 13
Type (Add-on Acquisition) 2 of 51
Country (France) 10 of 105
Year (2007) 4 of 7
Size (of disclosed) 22 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-22 Camaieu

Roubaix, France

Camaieu is a women's fashion retail chain. It offers affordable ready-to-wear, easy-to-buy apparel for women between 25 and 50 years of age operating a network of 745 stores, of which 495 are in France. Camaieu is a trend follower and a pricing leader. The company's sophisticated systems and processes (procurement, logistics, restocking, and product mix) enable it to optimise sales through a continuous flow of competitively priced products at high volumes. Camaieu was founded in 1988 and is based in Roubaix, France.

Sell €1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 Stokomani

Creil, France

Stockomani is a “soft-discount” retailer with a network of supermarket stores outside urban cities. The group offers a diversified range of 25,000 products in segments such as clothing, house equipment, personal care and food. Stokomani was founded in 1962 and is based in Creil, France.

Buy -
SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 84 of 217
Sector (Building Materials) 1 of 9
Type (Add-on Acquisition) 20 of 67
Country (France) 26 of 58
Year (2007) 10 of 16
Size (of disclosed) 51 of 73
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-14 Tes Global

London, United Kingdom

Tes Global is an international provider of software services to make life easier for schools and teachers. All products and services are built with teachers and schools needs at the core, ensuring they are innovative, trusted education solutions. Tes Global products play a critical role helping teachers and school leaders deal with the challenges of teaching, including safeguarding and compliance, smart pupil management, and staff management. This dedication and focus supports educators across the globe in providing high quality education to millions of children using smart, flexible, and cost-effective solutions. A global Company, Tes Global was formed in 1910 and and operates across 10 offices, including in London, Sheffield, Hong Kong, Melbourne, Sydney, and Dubai.

Sell £235M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-25 eismann

Mettmann, Germany

eismann is a frozen food home delivery company. eismann was founded in 1974 and is based in Mettmann, Germany.

Buy -