M&A Deal Summary

Alpha Group Acquires Europart

On May 12, 2017, private equity firm Alpha Group acquired automotive company Europart from Triton Partners and Paragon Partners

Acquisition Highlights
  • This is Alpha Group’s 5th transaction in the Automotive sector.
  • This is Alpha Group’s 18th transaction in Germany.

M&A Deal Summary
Date 2017-05-12
Target Europart
Sector Automotive
Buyer(s) Alpha Group
Sellers(s) Triton Partners
Paragon Partners
Deal Type Secondary Buyout

Target

Europart

Hagen, Germany
Europart is a trading company for spare parts and accessories for commercial vehicles, buses and special vehicles of all classes in Europe. In addition, Europart supplies its main customer groups in vehicle garages, transport companies and fleet operators with a wide range of workshop requirements, including in the areas of chemicals, workshop/office equipment, fastening technology, operational safety equipment etc. for day-to-day work. Europart was founded in 1948 and is based in Hagen, Germany.

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Buyer(S) 1

Buyer

Alpha Group

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Alpha Group is a European private equity firm specializing in LBOs and development capital investments. The Firm seeks to invest in companies throughout Europe, including Germany, Switzerland, Italy, France, and Benelux as well as some eastern European countries. The Firm seeks to commit €50 to €125 million in companies valued between €100 and €500 million. Alpha typically takes majority control and arranges for founders or key managers to co-invest. Sectors of interest include Consumer & Leisure, Fashion & Design, Industrial Manufacturing and Service & Distibution. Alpha Group was formed in 1985 and is based in Paris.

DEAL STATS #
Overall 71 of 78
Sector (Automotive) 5 of 5
Type (Secondary Buyout) 12 of 15
Country (Germany) 18 of 18
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-10 Nexeye

Gorinchem, Netherlands

Nexeye is an optical retail chain. The company offers a range of private label and branded spectacles, as well as hearing aids, contact lenses and sunglasses, at average price points significantly below its major competitors. Nexeye was established in 1982 and is based in Gorinchem, Netherlands.

Sell €200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-15 Maillefer

Vantaa, Finland

Maillefer engages in manufacturing solutions and production systems for copper communication cables and energy wires and cables. Maillefer also produces systems for plastic pipes. Maillefer is based in Vantaa, Finland.

Sell -

Seller(S) 2

SELLER

Triton Partners

Frankfurt, Germany

Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 15.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Triton Partners is an investment firm focused on investing in medium-size companies headquartered in Western and Northern Europe. This includes businesses in Germany, Switzerland, Austria, Denmark, Finland, Norway, and Sweden. Triton generally pursues market leading companies with the potential for change, as well as growth opportunities through operational improvements. Sectors of interest include business services, consumer products, consumer services, healthcare, and industrials. Triton Partners was formed in 1997 and is based in Frankfurt, Germany.

DEAL STATS #
Overall 28 of 51
Sector (Automotive) 2 of 2
Type (Secondary Buyout) 6 of 12
Country (Germany) 12 of 20
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-31 Ambea

Stockholm, Sweden

Ambea is an elderly and disabled care services provider. Ambea was formed in 1996 and is based in Stockholm, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-15 Werner

Itasca, Illinois, United States

WernerCo is a fully-integrated, international manufacturer and distributor of access products, fall protection equipment, secure storage systems and light duty construction equipment. Its portfolio of industry leading brands include Werner, KNAACK®, WEATHER GUARD®, Youngman®, BoSS®, Centaure, Duarib, Haemmerlin and Bailey. WernerCo is based in Itasca, Illinois.

Buy -
SELLER

Paragon Partners

Munich, Germany

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Paragon Partners is an independent private equity group focused on investments within German speaking Europe (Germany, Austria, Switzerland). The Firm does not have any sector preferences, generally targeting profitable companies (EBIT of €5 to €70 million) with attractive business models and 'outstanding' management. Paragon Partners was formed in 2004 and is based in Munich.

DEAL STATS #
Overall 15 of 25
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 7 of 8
Country (Germany) 14 of 20
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-06 Anti-Germ International

Memmingen, Germany

Anti-Germ International GmbH is a manufacturer of cleaning and disinfecting products and corresponding service concepts for professional applications in the food and beverage industry and in agriculture. Anti-Germ International was established in 1998 and is based in Memmingen, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-25 WEMAS

Gutersloh, Germany

WEMAS is a manufacturer of products for mobile passive security of construction sites mainly in public road traffic situations. The company supplies both wholesalers as well as roadsafety service providers responsible for the road safety of highway construction sites, infrastructure and construction sites, predominantly in the DACH region and adjacent markets. WEMAS was founded in 1971 and is based in Gutersloh, Germany.

Buy -
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