M&A Deal Summary

The Blackstone Group Acquires Averys SA

On July 2, 2018, private equity firm The Blackstone Group acquired furniture company Averys SA from Equistone Partners Europe Limited

Acquisition Highlights
  • This is The Blackstone Group’s 1st transaction in the Furniture sector.
  • This is The Blackstone Group’s 2nd transaction in France.

M&A Deal Summary

Date 2018-07-02
Target Averys SA
Sector Furniture
Buyer(s) The Blackstone Group
Sellers(s) Equistone Partners Europe Limited
Deal Type Secondary Buyout

Target

Averys SA

94, Boulevard du Montparnasse, France
website
Averys SA is a European manufacturer of customised racking and storage solutions for warehouses. Averys is a European group with 1,700 employees and is involved in the conception, production and installation of storage systems: racks, warehouse automation and metallic furniture.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 95.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group LP is a global alternative investment management firm comprised of three business segments. These groups include corporate private equity, real estate, and alternative asset management. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 241 of 305
Sector (Furniture) 1 of 2
Type (Secondary Buyout) 45 of 69
Country (France) 2 of 3
Year (2018) 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-19 Audio Visual Services Group LLC

Schiller Park, Illinois, United States

PSAV engages in event experiences, providing creative, production, advanced technology and staging services to help meeting planners deliver more dynamic and impactful experiences at their meetings, trade shows and special events. The team consists of more than 9,000 professionals across 1,500 on-site venue locations and 49 branch offices within the United States, Canada, Mexico, Europe, the Caribbean, and the Middle East. It is the trusted partner and exclusive on-site provider of choice at leading venues worldwide. PSAV was recently named to the Forbes 2018 America’s Best Employer list. The company is headquartered in Schiller Park, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-24 Ideal Shopping Direct Ltd.

Peterborough, United Kingdom

Ideal Shopping Direct Ltd. is a multi-channel retailer that engages in selling products to consumers through digital television home shopping channels and the Internet in the United Kingdom and internationally. Ideal Shopping Direct Ltd. was founded in 1980 and is based in Peterborough, United Kingdom.

Sell -

Seller(S) 1

SELLER

Equistone Partners Europe Limited

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 6.7B EUR
SizeMega
Type Sector Agnostic
DESCRIPTION

Equistone Partners Europe Ltd is a private equity firm that invests in small to mid-sized companies with valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €125 million in a variety of transactions, including buyouts, growth capital financings, and recapitalizations. Equistone Partners Europe Ltd. (formerly Barclays Private Equity Ltd) was formed in 1997 and is based in London.


DEAL STATS #
Overall 154 of 173
Sector (Furniture) 1 of 1
Type (Secondary Buyout) 75 of 88
Country (France) 49 of 54
Year (2018) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 Nylacast Ltd.

Leicester, United Kingdom

Nylacast is a designer and manufacturer of precision-engineered polymer solutions. Nylacast offers a wide range of cast nylon polymer products. Cast nylon has many advantages over alternative materials, being lightweight, versatile, anti-corrosive and durable.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-17 Caseking GmbH

Berlin, Germany

Caseking GmbH is a supplier of high-performance PC-gaming equipment and peripherals, maintains a track record of strong organic growth, excellent market understanding and successful product placement supporting the future growth of the Company. Caseking has displayed consistent growth, both organically as well as through add-on acquisitions, becoming a leading platform for PC-gaming equipment in Europe. Operations are based in Germany, Great Britain, Sweden, Finland, Hungary, Portugal and Taiwan. The Company processes 540.000 orders and sells approximately 4 million products worldwide per year. Products sold include own brands, brands exclusively available at Caseking and third-party brands.

Sell -