Divestiture • Automotive

Accent Equity and Cerea Partners Acquire Mont Blanc Group

On December 18, 2007, private equity firms Accent Equity and Cerea Partners acquired automotive company Mont Blanc Group from JAC Products

Acquisition Context
  • This is Accent Equity’s 2nd and Cerea Partners’ 1st transaction in the Automotive sector.
  • This is Accent Equity’s 20th and Cerea Partners’ 1st transaction in Sweden.
Investment Fate
  • Mont Blanc Group was sold to a strategic buyer in 2016.

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M&A Deal Summary

Date December 18, 2007
Target Mont Blanc Group
Sector Automotive
Buyer(s) Accent Equity
Cerea Partners
Sellers(s) JAC Products
Deal Type Divestiture

Target Company

Mont Blanc Group

Boras, Sweden
Mont Blanc Group is a provider of car load-carrying equipment for recreational and sporting purposes. The company's products include RoofBars, BikeCarriers, Skicarriers, RoofBoxes, Dogguards etc. Mont Blanc Group was founded in 1947 and is based in Boras, Sweden.
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Buyers Overview 2

Buyer

Accent Equity

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Accent Equity Partners is a middle-market private equity firm that targets buyout and expansion capital investments in Scandinavia. Accent Equity is sector agnostic and generally prefers acquiring controlling positions. Accent Equity was formed in 1994 and is based in Stockholm.


Deal Context for Buyer #
Overall 23 of 69
Sector: Automotive 2 of 5
Type: Divestiture 3 of 13
Country: Sweden 20 of 55
Year: 2007 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-29 EuroFlorist

Malmo, Sweden

EuroFlorist is a flower retailer provides delivery services in 10 European countries. EuroFlorist Sverige was founded in 1982 and is based in Malmo, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-15 Candyking International AB

Solna, Sweden

Candyking International AB is a provider of an integrated pick-and-mix full service concept for confectionery, natural snacks and premium chocolates to grocery retailers, cinemas, service stations and other outlets.

Buy -
Buyer

Cerea Partners

Neuilly sur Seine, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 1.5B EUR
Size Large
Type Sector Focused
DESCRIPTION

Cerea Partners is a specialist investment firm focused on investing in and providing finance to agriculture and related sustainable food businesses. Cerea primarily targets companies in Western Europe and looks to invest in companies valued between €20 and €500 million. Prospective transaction situations includes LBOs, LBIs, OBOs, and spin-offs. Cerea Partners was formed in 2004 and is based in Paris, France.


Deal Context for Buyer #
Overall 12 of 72
Sector: Automotive 1 of 1
Type: Divestiture 1 of 7
Country: Sweden 1 of 1
Year: 2007 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-01 Solina

Bréal-Sous-Monfort, France

Solina is a European manufacturer of ingredient and seasoning blends for the food industry. The company serves more than eighteen thousand clients with 2, 250 employees across twenty-seven sites across Europe and Canada. It is exposed to resilient food consumption markets and to secular growth trends fuelled by the shift in food consumption towards more premium and natural ingredients. Solina puts sustainability at the center of its activities by creating healthier food solutions and more sustainable diets as well as by contributing to the development of meat alternatives. Solina was formed in 1988 and is based in Bréal-Sous-Monfort, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-01 Frial

Bayeux, France

Frial engages in premium frozen food, focused on developing unique, creative, and tasty recipes. Frial was established in 1980 and is based in Bayeux, France.

Buy €225M

Seller Profile 1

SELLER

JAC Products

Pontiac, Michigan, United States

Category Company
Founded 1967
Sector Automotive
DESCRIPTION

JAC Products is a global designer and manufacturer of original equipment roof racks systems, with expanded product offerings in cargo management systems, running boards and steps rails. The company supplies OEM manufacturers worldwide with engineering, sales, manufacturing, and partnership locations in North America, Europe, China, Japan and South America. JAC Products was founded in 1967 and is based in Pontiac, Michigan.


Deal Context for Seller #
Overall 1 of 1
Sector: Automotive 1 of 1
Type: Divestiture 1 of 1
Country: Sweden 1 of 1
Year: 2007 1 of 1

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