M&A Deal Summary

ACON Investments Acquires Florimex International BV

On November 1, 2001, private equity firm ACON Investments acquired distribution company Florimex International BV

Acquisition Highlights
  • This is ACON Investments’ 1st transaction in the Distribution sector.
  • This is ACON Investments’ 1st transaction in the Netherlands.
Investment Fate
  • Florimex International BV was sold to a consortium of financial buyers in 2005.

M&A Deal Summary

Date 2001-11-01
Target Florimex International BV
Sector Distribution
Buyer(s) ACON Investments
Deal Type Special Situations/Distressed

Target

Florimex International BV

Aalsmeer, Netherlands
Florimex is one of the largest distributors of fresh cut flowers, bouquets, potted plants and decorative foliage in Europe and one of the leaders in its sector around the world. The company is headquartered in the Netherlands and operates 20 subsidiaries involved in various segments of the flower, plant and foliage value chains.

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Buyer(S) 1

Buyer

ACON Investments

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.


DEAL STATS #
Overall 7 of 74
Sector: Distribution M&A 1 of 2
Type: Special Situations/Distressed M&A Deals 1 of 3
Country: Netherlands M&A 1 of 1
Year: 2001 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-01 DeRemate

Buenos Aires, Argentina

DeRemate is an online auction site in Latin America with a presence in all major regional markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-04-12 Telemundo Communications Group

Hialeah, Florida, United States

Telemundo Communications Group, Inc. is an American television network that broadcasts in Spanish. The network is the second-largest Spanish-language content producer in the world.

Sell $2.7B