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M&A Deal Summary

TPG Acquires Vita Group

On March 28, 2005, private equity firm TPG acquired manufacturer Vita Group for 668M GBP

Acquisition Highlights
  • This is TPG’s 1st transaction in the Manufacturing sector.
  • This is TPG’s 71st largest (disclosed) transaction.
  • This is TPG’s 6th transaction in the United Kingdom.
Investment Fate
  • Vita Group was sold to a consortium of financial buyers in 2016.

M&A Deal Summary
Date 2005-03-28
Target Vita Group
Sector Manufacturing
Buyer(s) TPG
Deal Type Going Private
Deal Value 668M GBP

Target

Vita Group

Manchester, United Kingdom
Vita Group is a manufacturer and processes a wide assortment of polymers, including cellular foams, synthetic fiber fillings, specialized and coated textiles, and polymer compounds and moldings. The company's products are used in furniture, carpet underlay, bedding, apparel, automobile seat cushions, and more. Vita Group is made up of three divisions: the industrial group makes thermoplastic sheet goods, the fiber and fabric division makes products used in clothing and construction industries, and the foam group makes cellular polymer products. Vita Group was founded in 1949 and is based in Manchester, England.

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Buyer(S) 1

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 57 of 453
Sector: Manufacturing M&A 1 of 2
Type: Going Private M&A Deals 5 of 40
Country: United Kingdom M&A 6 of 20
Year: 2005 M&A 3 of 15
Size (of disclosed) 71 of 114
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-09 FIS Global

Jacksonville, Florida, United States

FIS Global is a provider of core processing for financial institutions, card issuers, and transaction processing services, and outsourcing services to financial institutions and retailers. FIS Global was incorporated in 1968 and is based in Jacksonville, Florida.

Buy $4.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-31 Lenovo Group

Quarry Bay, China

Lenovo Group is a provider of IT hardware. The Group engages primarily in the manufacturing and sale of desktop computers, notebook computers, mobile handsets, servers and peripherals. Lenovo Group was founded in 1984 and is based in Quarry Bay, China.

Buy -
Mergr

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