Buyout (LBO, MBO, MBI) • Business Services

Advent International and ICG Acquire Hune Rental SLU

On July 1, 2006, private equity firm Advent International and mezzanine finance firm ICG acquired business services company Hune Rental SLU

Acquisition Context
  • This is Advent International’s 12th and ICG’s 12th transaction in the Business Services sector.
  • This is Advent International’s 4th and ICG’s 5th transaction in Spain.
Investment Fate
  • Hune Rental SLU was sold to a strategic buyer in 2016.

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M&A Deal Summary

Date July 1, 2006
Target Hune Rental SLU
Sector Business Services
Buyer(s) Advent International
ICG
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Hune Rental SLU

Madrid, Spain
Hune Rental SLU is one of the major equipment rental companies in Spain with a network of 35 branches. It also operates branch networks in Portugal, France and joint-ventures in Saudi Arabia and Colombia.
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Buyers Overview 2

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


Deal Context for Buyer #
Overall 134 of 353
Sector: Business Services 12 of 21
Type: Buyout (LBO, MBO, MBI) 87 of 156
Country: Spain 4 of 7
Year: 2006 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 Netlogistik S.A. de C.V.

Polanco, Mexico

Netlogistik, S.A. de C.V. provides marketplace for truck cargo serving in Latin American market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-20 KeyMaster Technologies

Kennewick, Washington, United States

KeyMaster Technologies, located in Kennewick, Washington, develops and manufactures portable hand-held X-ray fluorescence (XRF) systems for numerous applications, including: metals and alloy analysis used in various metal processing industries, including automotive, scrap sorting and others; Positive Material Identification (PMI) required for example in the aerospace and power industries; Restrictions of Hazardous Substances (RoHS) analysis required under European regulations; environmental metals-in-soil or lead-in-paint (LiP) analysis; art, museum and archaeological analysis; and elemental taggant analysis for tracing of origin and security applications.

Sell -
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 Context for Buyer #
Overall 164 of 294
Sector: Business Services 12 of 24
Type: Buyout (LBO, MBO, MBI) 91 of 112
Country: Spain 5 of 13
Year: 2006 15 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 Cerba

Frepillon, France

Cerba is a laboratory in specialized biology, offers a comprehensive range of tests with high medical value, covering a wide range of specialties. It is active in all three segments of the clinical pathology business, namely esoteric, routine and central lab. Cerba was founded in 1967 and is based in Frepillon, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-12 Visma

Oslo, Norway

Visma offers software and services that simplify and digitize core business processes in the private and public sectors. Visma was founded in 1985 and is based in Oslo, Norway.

Buy £382M