M&A Deal Summary

Alpha Group Acquires Feu Vert

On February 22, 2016, private equity firm Alpha Group acquired automotive company Feu Vert from Intermediate Capital Group and Qualium Investissement

Acquisition Highlights
  • This is Alpha Group’s 4th transaction in the Automotive sector.
  • This is Alpha Group’s 34th transaction in France.

M&A Deal Summary

Date 2016-02-22
Target Feu Vert
Sector Automotive
Buyer(s) Alpha Group
Sellers(s) Intermediate Capital Group
Qualium Investissement
Deal Type Secondary Buyout

Target

Feu Vert

Ecully, France
Feu Vert is a provides network of 450+ maintenance & repair autos centers spread over France, Spain, and Portugal. Feu Vert business covers both the workshop activity which accounts for the bulk of its business, as well as the distribution of car spare parts and accessories. Feu Vert was founded in 1972 and is based in Madrid, France.

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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 70 of 78
Sector: Automotive M&A 4 of 5
Type: Secondary Buyout M&A Deals 11 of 15
Country: France M&A 34 of 36
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-16 Financière Cofidim

Ecully, France

Financière Cofidim is a provider of automobile maintenance and repair services through its subsidiaries Feu Vert, Impex, and Mondial Pare-Brise.

Buy -
FOLLOWING 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

Seller(S) 2

SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B 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 STATS #
Overall 170 of 225
Sector: Automotive M&A 4 of 4
Type: Secondary Buyout M&A Deals 62 of 86
Country: France M&A 43 of 59
Year: 2016 M&A 5 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-25 Icopal

Herlev, Denmark

Icopal is an international manufacturer of flat roofing materials. The Company also provides products and solutions for the residential roofing, building membranes, below grade waterproofing and civil engineering markets. Icopal was formed in 1876 and is based in Herlev, Denmark.

Sell €1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-03 Van Geloven

Tilburg, Netherlands

Van Geloven is a producer of frozen snacks and appetizers in the Benelux market. The company produces various ragouts products (such as croquettes and bitterballs), satay, nasi and bami products (ethnic Indonesian fried rice, respectively, noodle dish) and minced-meat rolls (frikadellen, hamburgers). Van Geloven was formed in 1960 and is based in Tilburg, Netherlands.

Sell -
SELLER

Qualium Investissement

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Qualium Investissement is a large private equity firm focused on acquiring and investing in French companies. The Firm does not have any sector preferences and prefers buyouts of family-owned or closely held companies that are seeking a change of ownership. Qualium's looks to invest €20 to €75 million in transactions valued up to €250 million. Qualium Investissement is based in Paris.


DEAL STATS #
Overall 30 of 38
Sector: Automotive M&A 2 of 2
Type: Secondary Buyout M&A Deals 19 of 26
Country: France M&A 28 of 36
Year: 2016 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-17 Le Groupe Frères Blanc

Paris, France

Le Groupe Frères Blanc group currently runs 15 top restaurants in Paris, the rest of France and internationally, renowned for their dining experience, hospitality, cuisine and French art de vivre.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-17 Vulcanic

Neuilly sur Marne, France

Vulcanic is a designer and manufacturer of low and medium-volume series of electrical heating and cooling solutions for the industry (heating elements, industrial radiators, thermo regulators, etc. Vulcanic was founded in 1956 and is based in Neuilly Sur Marne, France.

Buy -