Sparring Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

Sparring Capital’s most common sectors for investment aretransportation (14%) and distribution (10%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (44%) and secondary buyout (44%). In total, Sparring Capital has invested in 3 different countries. Its largest (disclosed) acquisition occurred in 2003 when it acquired Eutelsat Communications S.A. for $237M.

In the last 3 years, Sparring Capital has exited 2 companies. The Firm’s most common exit type is secondary buyout (48%). Sparring Capital’s largest (disclosed) exit occurred in 2007 when it sold Fraikin Groupe SA for $1.5B.

Join Mergr to view Sparring Capital’s full profile and discover more middle-market private equity firm investors just like it.

M&A Summary

  • M&A Total Activity49
    • M&A Buy Activity30
    • M&A Sell Activity19
  • Total Sectors Invested 19
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 12
  • M&A Advisors 2

Sparring Capital

6 Avenue Marceau,
Paris, 75008
France
+33 1 58 36 49 50
www.sparringcapital.com
contact@sparringcapital.com

Sparring Capital Capital is a private equity firm focused on acquiring majority positions in private medium-sized French companies. Pragma looks to fund leveraged buyouts and development capital financings of businesses with high barriers to entry and that lead their respective market niches. The Firm typically seeks companies with at least €10 million in revenue and at least €2 million of EBITDA. Sparring Capital was formed in 2002 and is based in Paris.


Investment Criteria

Sectors of Interest: Building Materials, Business Services, Communications, Construction, Consumer Products, Distribution, Electrical Equipment, Engineering, Financial Services, Food, Healthcare Services, Information Technology, Insurance, Leisure, Life Science, Machinery, Manufacturing, Marine, Packaging, Publishing, Real Estate, Restaurants, Retail, Safety/Security, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Secondary Buyout

Geographic Preferences: Western Europe

Transaction Criteria Min Max
Target Revenue 10 -
Target EBITDA 2 -
Investment Size - -
Enterprise Value - -
values in millions of EUR

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 29 1 - - - - 30
vol $349M $349M
Sell (0.4/yr) # 17 - 1 - 1 - 19
vol $1.5B $1.5B
  49

Most Recent M&A

Company Date Value Type
Pure Trade SAS 2023-07-28 - Secondary Sale
Paris, France · www.pure-trade.com
TVH Consulting SAS 2021-09-06 - Secondary Sale
Maisons-Laffitte, France · www.tvhconsulting.com
Pure Trade SAS 2020-02-27 - Secondary Buyout
Paris, France · www.pure-trade.com
Nalys Group 2019-09-10 - Buyout (LBO, MBO, MBI)
Brussels, Belgium · www.nalys-group.com
Cesacap SAS 2019-05-07 - Secondary Buyout
Paris, France · www.cesa-groupe.com
Intermèdes Group 2019-04-14 - Buyout (LBO, MBO, MBI)
Paris, France · www.intermedes.com
gsri informatique 2018-01-01 - Secondary Buyout
Chelles, France · www.gsri.fr
GSRI Group SAS 2018-01-01 - Buyout (LBO, MBO, MBI)
Pantin, France · www.infraneo.com
Trefilaction SA 2017-11-01 - Unknown
Aubervilliers, France
IMX Distribution Group 2017-10-04 - Secondary Buyout
Pantin, France · www.imxpostal.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Transportation 1 (13%) - 4 (13%) -
Distribution - - 3 (10%) -
Business Services - - 2 (7%) -
Engineering 2 (25%) - 2 (7%) -
Information Technology 1 (13%) - 2 (7%) -
Leisure 1 (13%) - 2 (7%) -
Marine 1 (13%) - 2 (7%) -
Retail - - 2 (7%) -
Communications - - 1 (3%) 237M (68%)
Manufacturing - - 1 (3%) 113M (32%)
Building Materials - - 1 (3%) -
Electrical Equipment 1 (13%) - 1 (3%) -
Insurance - - 1 (3%) -
Life Science - - 1 (3%) -
Machinery - - 1 (3%) -
Packaging - - 1 (3%) -
Publishing - - 1 (3%) -
Real Estate 1 (13%) - 1 (3%) -
Restaurants - - 1 (3%) -
Total 8 - 30 $349M

Acquisitions By Geo

State/Country Current # Value All-time # Value
France 7 (88%) - 28 (93%) 349M (100%)
Belgium 1 (13%) - 1 (3%) -
Luxembourg - - 1 (3%) -
Domestic 7 (88%) - 28 (93%) 349M (100%)
Cross-border 1 (13%) - 2 (7%) -
Total 8 - 30 $349M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 5 (63%) - 13 (43%) 113M (32%)
Secondary Buyout 3 (38%) - 13 (43%) -
Growth Capital - - 2 (7%) -
Divestiture - - 1 (3%) 237M (68%)
Going Private - - 1 (3%) -
Total 8 - 30 $349M

Exits by Deal Type

Type Total # Value
Secondary Sale 9 (47%) 1.5B (100%)
Trade Sale 4 (21%) -
Sold to Management 3 (16%) -
Unknown 2 (11%) -
IPO 1 (5%) -
Total 19 $1.5B

Top M&A Advisors

Financial Deals
Natixis Partners España
1
Legal Deals
Weil Gotshal & Manges LLP
1

Deal Values

buy # Total
$100M to $1B 2 $349M
TOTAL $349M
Largest Eutelsat Communications S.A.
$237M (2003-03-05)
sell # Total
> $1B 1 $1.5B
TOTAL $1.5B
Largest Fraikin Groupe SA
$1.5B (2007-02-01)

M&A Connections

Deals
Acquired from
Investor(s)
40%
12 (40%)
Strategic(s)
3%
1 (3%)
Exited to
Investor(s)
47%
9 (47%)
Strategic(s)
11%
2 (11%)

FAQ

When was Sparring Capital founded?

Sparring Capital was founded in 2002.

What type of investor is Sparring Capital?

Sparring Capital is a private equity firm.

Where is Sparring Capital headquartered?

Sparring Capital is headquartered in Paris, France.

How much capital does Sparring Capital have under management?

Sparring Capital has 850M EUR under management.

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