M&A Deal Summary

3i Private Equity and ICG Acquire Ambea

On April 22, 2005, private equity firm 3i Private Equity and mezzanine finance firm ICG acquired consumer services company Ambea from Priveq for 207M EUR

Acquisition Highlights
  • This is 3i Private Equity’s 2nd and ICG’s 6th transaction in the Consumer Services sector.
  • This is 3i Private Equity’s 24th and ICG’s 59th largest (disclosed) transaction.
  • This is 3i Private Equity’s 9th and ICG’s 7th transaction in Sweden.
Investment Fate
  • Ambea was sold to a consortium of financial buyers in 2010 for 5.2B SEK.
  • Ambea went public in 2017.

M&A Deal Summary

Date 2005-04-22
Target Ambea
Sector Consumer Services
Buyer(s) 3i Private Equity
ICG
Sellers(s) Priveq
Deal Type Secondary Buyout
Deal Value 207M EUR

Target

Ambea

Solna, Sweden
Ambea is an elderly and disabled care services provider. Ambea was formed in 1993 and is based in Solna, Sweden.

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Buyer(S) 2

Buyer

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 100 of 251
Sector: Consumer Services M&A 2 of 6
Type: Secondary Buyout M&A Deals 9 of 43
Country: Sweden M&A 9 of 16
Year: 2005 M&A 13 of 33
Size (of disclosed) 24 of 64
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-19 Polyconcept

Roelofarendsveen, Netherlands

Polyconcept supplies a wide range of promotional, lifestyle and gift products to more than 10,000 advertising distributors across Europe, as well as to various retail channels. End-users range from large corporations to small enterprises and consumers. Polyconcept was founded in 1973 and is based in Roelofarendsveen, Netherlands.

Buy €365M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-26 Boxer TV Access AB

Stockholm, Sweden

Boxer is Sweden’s fastest-growing digital TV operator and offers access to the ten most popular TV channels in the country.Founded in 1998, Boxer has shown impressive growth in recent years and now boasts more than 530,000 customers, a number that is rapidly increasing.

Buy -
Buyer

ICG

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 33.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 130 of 294
Sector: Consumer Services M&A 6 of 13
Type: Secondary Buyout M&A Deals 22 of 115
Country: Sweden M&A 7 of 11
Year: 2005 M&A 9 of 28
Size (of disclosed) 59 of 82
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-21 Molnlycke Health Care

Gothenburg, Sweden

Mölnlycke Health Care Group ("MHCG") is a medical products company which manufactures and markets single-use wound care and surgical products for the professional health care sector. Molnlycke Health Care was founded in 1849 and is based in Gothenburg, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-26 Aviagen Group

Newbridge, United Kingdom

Aviagen Group Ltd. provides breeder of poultry stock for meat production and operates production facilities across the globe.

Sell -

Seller(S) 1

SELLER

Priveq

Stockholm, Sweden

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 6.3B SEK
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Priveq is a private equity firm that invests in privately owned, small and medium-sized Scandinavian companies. Priveq targets profitable businesses with strong market positions and growth potential. The Firm looks to invest SEK 5 – 200 million in companies with sales typically greater than SEK 100 million. Priveq generally seeks equity between 30 and 70 percent in portfolio companies. The Firm will invest in a wide range of industries, but avoids real estate. Prospective transaction types include MBOs and growth capital financings. Priveq Investment was formerly known as Skandia Investment AB. The Firm was formed in 1983 and is based in Stockholm.


DEAL STATS #
Overall 1 of 34
Sector: Consumer Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 10
Country: Sweden M&A 1 of 31
Year: 2005 M&A 1 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-18 Swedish Orphan International

Sweden

Swedish Orphan International engages in the research, development, production, distribution, and marketing of specialty pharmaceuticals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-09 NovAseptic AB

Nodinge, Sweden

NovAseptic AB provides solutions for aseptic processing applications in biotech and pharmaceutical manufacturing operations.

Sell -