M&A Deal Summary

21 Invest Acquires Interflora

On July 1, 2006, private equity firm 21 Invest acquired consumer services company Interflora from 3i Private Equity and Equistone for 66M GBP

Acquisition Highlights
  • This is 21 Invest’s 1st transaction in the Consumer Services sector.
  • This is 21 Invest’s largest (disclosed) transaction.
  • This is 21 Invest’s 14th transaction in France.
Investment Fate
  • Interflora was sold to a consortium of financial buyers in 2011.
  • Interflora was sold to a consortium of financial buyers in 2015.
  • Interflora was sold to a consortium of financial buyers in 2020.

M&A Deal Summary

Date 2006-07-01
Target Interflora
Sector Consumer Services
Buyer(s) 21 Invest
Sellers(s) 3i Private Equity
Equistone
Deal Type Secondary Buyout
Deal Value 66M GBP

Target

Interflora

Lyon, France
Interflora is a flower and gift digital platform that operates a portfolio of complementary gifting brands including Interflora, the iconic European flower and gift brand in France, Denmark, Italy, Spain, Portugal, Luxembourg, Iceland, and Romania. MyFlower is the holding company of the Interflora France group operating the Interflora brand, a leader in floral transmission in Europe, which also owns the online pure-player “Bebloom”, as well as “Renaud Distribution”, a leader in distributing supplies to florists, and cadeaux.com, the leader in online distribution of personalized gifts. Interflora was formed in 1991 and is based in Lyon, France.

Search 215,058 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

21 Invest

Treviso, Italy

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

21 Invest is a private equity firm that targets investments in growth-oriented, middle-market Italian, French, and Polish companies operating in a variety of industries. The Firm invests in French businesses through 21 Centrale Partners, Italian companies through 21 Partners SGR, and Polish companies through 21 Concordia. The Firm targets transactions requiring at least €10 million of capital typically in the form of development capital for growth companies, buyout capital for managers, or replacement capital for companies facing succession issues or needing shareholder liquidity. 21 Invest was founded in 1992 and is based in Treviso, Italy.


DEAL STATS #
Overall 23 of 89
Sector: Consumer Services M&A 1 of 2
Type: Secondary Buyout M&A Deals 4 of 13
Country: France M&A 14 of 48
Year: 2006 M&A 5 of 9
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 Atos

Paris, France

Leading French manufacturer of metal cabinets and external bays for the electronics and telecommunications industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-28 Batisante

Neuilly-Plaisance, France

Batisante offers compliance and safety services for multi-unit residential buildings, as well as professional buildings. Batisanté offers inspection and diagnostic services for asbestos, termites, and parasites, professional risk, water quality, gas installation safety, paint lead content, elevator code compliance, and energy efficiency. Batisante was founded in 1987 and is based in Neuilly-Plaisance, France.

Buy -

Seller(S) 2

SELLER

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1945
PE ASSETS 21.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


DEAL STATS #
Overall 43 of 196
Sector: Consumer Services M&A 1 of 5
Type: Secondary Buyout M&A Deals 20 of 83
Country: France M&A 5 of 21
Year: 2006 M&A 11 of 26
Size (of disclosed) 55 of 78
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-15 Land Instruments International

Dronfield, United Kingdom

LAND Instruments International provides design and application of infrared temperature measurement for industry. Land is known as both innovators and manufacturers of high quality precision radiation thermometers and thermometer systems; Land's position is unrivalled with over 60 years experience in temperature measurement. Land products are used extensively in applications as diverse as steel, glass, electronics, mineral processing, power generation, utility and aircraft gas turbines, and a wide range of other industries. Ongoing development creates products for new applications and the continuous improvement of an expanding product range.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 Vijai Electricals

Hyderabad, India

Vijai Electricals is a power transmission and distribution equipment industry. Vijai Electricals was founded in 1973 and is based in Hyderabad, India.

Buy -
SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies 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 €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 57 of 206
Sector: Consumer Services M&A 4 of 6
Type: Secondary Buyout M&A Deals 19 of 96
Country: France M&A 17 of 62
Year: 2006 M&A 5 of 13
Size (of disclosed) 42 of 59
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-28 Alvest

Paris, France

Alvest designs, manufactures, and distributes technical products for the aviation industry, which include aviation ground support equipment, spare parts and services, and technical adhesives and markings for the aerospace and industrial markets. Alvest was founded in 2006 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-07 ratioform Verpackungen

Pliening, Germany

Ratioform is the No. 1 mail order company in Germany for shipping packaging. Its catalogue is regarded as 'the bible' in the shipping packaging industry, with over 2,300 product lines.

Buy -