M&A Deal Summary

Advent International Acquires Rubix

On May 15, 2017, private equity firm Advent International acquired distribution company Rubix from PAI Partners

Acquisition Highlights
  • This is Advent International’s 8th transaction in the Distribution sector.
  • This is Advent International’s 32nd transaction in the United Kingdom.

M&A Deal Summary

Date 2017-05-15
Target Rubix
Sector Distribution
Buyer(s) Advent International
Sellers(s) PAI Partners
Deal Type Secondary Buyout

Target

Rubix

London, United Kingdom
Rubix is a pan-European distributor of industrial maintenance, repair, and overhaul products and services. Rubix was founded in 1987 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B 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 STATS #
Overall 246 of 340
Sector (Distribution) 8 of 9
Type (Secondary Buyout) 36 of 53
Country (United Kingdom) 32 of 36
Year (2017) 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-26 Integer.pl

Kraków, Poland

Integer.pl is an operator of a network of automated parcel machines (parcel lockers) and courier services in Poland and internationally. Integer.pl is based in Kraków, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-02 Faerch

Holstebro, Denmark

Faerch is a provider of plastic packaging for ready meals and protein food trays. Faerch has taken the lead in making rigid food packaging circular with products made from up to 100% recycled content and fully recyclable to new food grade products. As an integrated recycler, Faerch recycles food trays back into new food grade products at industrial scale. Faerch was founded in 1969 and is based in Holstebro, Denmark.

Buy -

Seller(S) 1

SELLER

PAI Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 16.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.


DEAL STATS #
Overall 35 of 50
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 16 of 25
Country (United Kingdom) 5 of 8
Year (2017) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-11 ELITech Group

Puteaux, France

ELITech Group provides a fully integrated diagnostics platform developing equipment and reagents with strong positions in niche and growing sub-segments of molecular diagnostics, microbiology, and clinical chemistry. It has developed a razor-razorblade model through the placement of diagnostic instruments which provide a resilient revenue stream from reagents, consumables, spare parts, and services. ELITech Group was founded in 1987 and is based in Puteaux, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-08 DomusVi

Suresnes, France

DomusVi is a provider of services to elderly people. It provides a full range of services to 42 000 residents and customers with 315 nursing homes, 16 residential facilities, 5 mental care facilities and 50 home care agencies throughout France, Spain and China. DomusVi was founded in 1983 and is based in Suresnes, France.

Sell -