M&A Deal Summary

TMF Group Acquires Equity Trust Holding sarl

On September 13, 2010, TMF Group acquired business services company Equity Trust Holding sarl from Arle Capital Partners and Candover Investments for 350M EUR

Acquisition Highlights
  • This is TMF Group’s 1st transaction in the Business Services sector.
  • This is TMF Group’s largest (disclosed) transaction.
  • This is TMF Group’s 1st transaction in the United States.
  • This is TMF Group’s 1st transaction in New York.

M&A Deal Summary
Date 2010-09-13
Target Equity Trust Holding sarl
Sector Business Services
Buyer(s) TMF Group
Sellers(s) Arle Capital Partners
Candover Investments
Deal Type Add-on Acquisition
Deal Value 350M EUR
Advisor(s) Simmons & Simmons LLP (Legal)

Target

Equity Trust Holding sarl

New York, New York, United States
website
Equity Trust Holding sarl is a global provider of non-advisory trust and fiduciary services to multinational corporate clients, financial institutions, high net worth individuals and intermediaries.

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Buyer(S) 1

Buyer

TMF Group

Amsterdam, Netherlands

website

Category Company
Founded 1988
Sector Business Services
Employees7,500
DESCRIPTION

TMF Group is a provider of accounting and corporate secretarial services. TMF provides locally-delivered outsourced business and compliance services (including corporate secretarial, tax & accounting, legal & administration and HR & payroll) to approximately 15,000 multi-national corporates, investment funds and high-net worth individuals globally. With a network of offices across over 80 countries, and headquartered in Amsterdam, TMF Group has the in-country expertise and knowledge to help businesses of all sizes expand and operate both within and beyond their home markets. TMF Group was founded in 1988 and is based in Amsterdam, Netherlands.

DEAL STATS #
Overall 1 of 4
Sector (Business Services) 1 of 4
Type (Add-on Acquisition) 1 of 4
State (New York) 1 of 1
Country (United States) 1 of 2
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-14 KCS

Hong Kong, China

KCS Ltd. is an independent pan-Asian corporate services provided specialising in corporate accounting, corporate secretarial and payroll services.

Buy -

Seller(S) 2

SELLER

Arle Capital Partners

London, United Kingdom

website

Category Private Equity Firm
Founded 2011
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Arle Capital Partners Ltd. Is a private equity partnership firm focuses on acquiring business located in the UK, Scandinavia, and Western Europe. The Firm targets companies operating in the fields of energy, natural resources, industrial, and business services. It seeks to invest in companies with an enterprise value of up to €1 billion. Arle Capital spun-out of Candover Investments in 2011 and currently manages all of Candover's investment interests. The Firm is based in London.

DEAL STATS #
Overall 9 of 16
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 2 of 5
State (New York) 1 of 1
Country (United States) 1 of 2
Year (2010) 2 of 2
Size (of disclosed) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-15 Ontex Group

Aalst, Belgium

Ontex Group is an European private label manufacturer of baby diapers, adult incontinence products and feminine hygiene disposables. The company is headquartered in Belgium and has more than 4,000 employees and more than 10 manufacturing plants in the EU, CEE, Turkey, Algeria and China. Ontex Group was incorporated in 1979 and is based in Aalst, Belgium.

Sell €1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-29 Capital Safety

Red Wing, Minnesota, United States

Capital Safety, Inc. is a provider of fall protection equipment for people working at height in a wide range of end user sectors including manufacturing, construction, oil and gas, and utilities.

Sell $1.1B
SELLER

Candover Investments

London, United Kingdom

website

Category Private Equity Firm
Founded 1980
PE ASSETS 8.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Candover Investments is a private equity firm that targets investments in European and Asian companies operating in broad range of industries. Candover's primary focus is on businesses located in Western Europe; including the UK, France, Germany, Italy, Scandinavia, and Spain. However, the Firm also considers opportunities in Asia and Eastern Europe. The Firm's target investment size is €150 to €500 million in businesses valued between €500 million and €5 billion. Sectors of interest include media, financial services, support services, leisure, healthcare, technology, and industrial. Candover Investments was formed in 1980 and is based in London.

DEAL STATS #
Overall 17 of 26
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 2 of 5
State (New York) 1 of 1
Country (United States) 1 of 2
Year (2010) 5 of 5
Size (of disclosed) 12 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-20 Gala Coral Group

Essex, United Kingdom

Gala Coral Group Ltd. is a fast growing UK retail gaming company, Gala operates successfully in the UK bingo casino, licensed betting offices and multimedia gaming markets. It is by some margin the largest bingo operator in the UK.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Kabel Deutschland

Unterfohring, Germany

Kabel Deutschland is the cable television operator in Germany

Sell -
Mergr

Product

Company

Legal