Add-on Acquisition • Distribution

Accell Group Acquires Currie Acquisitions

On March 6, 2012, Accell Group acquired distribution company Currie Acquisitions from Main Street Capital

Acquisition Context
  • This is Accell Group’s 2nd transaction in the Distribution sector.
  • This is Accell Group’s 1st transaction in the United States.
  • This is Accell Group’s 1st transaction in California.

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M&A Deal Summary

Date March 6, 2012
Target Currie Acquisitions
Sector Distribution
Buyer(s) Accell Group
Sellers(s) Main Street Capital
Deal Type Add-on Acquisition
Advisor(s) G.C. Andersen Partners (Financial)

Target Company

Currie Acquisitions

Chatsworth, California, United States
Currie Technologies is a designer and distributor of electric bicycles and electric scooters for personal mobility. Currie Technologies owns patented and proprietary hybrid-electric drive systems allowing for more functionality at lower price points and its products are sold throughout the U.S. and internationally.
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Buyer Overview 1

Buyer

Accell Group

Heerenveen, Netherlands

Category Company
Sector Consumer Products
Employees3,100
Revenue 1.3B EUR (2020)
DESCRIPTION

Accell Group is an entity which owns several European bicycle manufacturers. In addition to producing bikes, the Accell Group is also involved in the production of fitness equipment and other consumer products. Accell Group is based in Heerenveen, Netherlands.


Deal Context for Buyer #
Overall 4 of 6
Sector: Distribution 2 of 2
Type: Add-on Acquisition 4 of 6
State: California 1 of 1
Country: United States 1 of 1
Year: 2012 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-12 Van Nicholas The Titanium Bike Co.

Numansdorp, Netherlands

Van Nicholas The Titanium Bike Co. is specialized in the development, design and assembly of titanium bicycles (mountain bikes, racing bikes and touring bikes).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-26 Raleigh Bicycle

Nottingham, United Kingdom

Raleigh Bicycle is a designer, manufacturer and marketer of bicycles. Raleigh Bicycle was formed in 1887 and is based in Nottingham, England.

Buy $100M

Seller Profile 1

SELLER

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 8.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Main Street Capital is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $125 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital was formed in 1997 and is based in Houston, Texas.


Deal Context for Seller #
Overall 12 of 48
Sector: Distribution 2 of 3
Type: Add-on Acquisition 6 of 22
State: California 1 of 3
Country: United States 12 of 48
Year: 2012 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-05 Enverus

Austin, Texas, United States

Enverus is a data, software, and insights company focused on the energy industry. The Company’s products are used by engineers, executives, investors, and accountants to manage a variety of mission critical workflows in the energy world, including asset valuation, asset development, energy production, ESG compliance, strategic sourcing, and back-office automation. Enverus was founded in 1999 and is based in Austin, Texas.

Sell $165M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-14 Ameritech College of Healthcare

Draper, Utah, United States

AmeriTech is a private, for-profit college focused on providing healthcare training programs such as nursing, medical assisting, medical billing and coding, surgical technicians, and dental assisting. With two traditional campuses located in Draper, Utah, and Provo, Utah, and through its online programs, AmeriTech offers associate degrees as well as diplomas and is accredited with the Department of Education and nationally accredited with specialty healthcare education accrediting agencies. AmeriTech was formed in 1979 and is based in Provo, Utah.

Buy -