M&A Deal Summary

American Express Acquires Loyalty Partner

On March 1, 2011, American Express acquired business services company Loyalty Partner from Palamon Capital Partners and Intermediate Capital Group for 685M USD

Acquisition Highlights
  • This is American Express’ 1st transaction in the Business Services sector.
  • This is American Express’ largest (disclosed) transaction.
  • This is American Express’ 1st transaction in Germany.

M&A Deal Summary
Date 2011-03-01
Target Loyalty Partner
Sector Business Services
Buyer(s) American Express
Sellers(s) Palamon Capital Partners
Intermediate Capital Group
Deal Type Add-on Acquisition
Deal Value 685M USD

Target

Loyalty Partner

Munich, Germany
Loyalty Partner GmbH is a provider of customer relationship management solutions.

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Buyer(S) 1

Buyer

American Express

New York, New York, United States
Category Company
Founded 1850
Sector Financial Services
Employees74,600
Revenue 60.4B USD (2023)
DESCRIPTION
American Express' regional offices in downtown Sydney, Australia.
American Express' regional offices in downtown Sydney, Australia.

American Express is a global financial services company offering payment and credit services to consumers and businesses. The Company's principal products and services are charge and credit payment card products and travel-related services. American Express was incorporated in 1850 and is based in New York City.

DEAL STATS #
Overall 8 of 18
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 6 of 13
Country (Germany) 1 of 1
Year (2011) 1 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-04 Accertify

Itasca, Illinois, United States

Accertify is a provider of fraud prevention, chargeback management, account protection, and payment gateway solutions. Accertify's technologies help protect many businesses and increase their operational efficiency. Accertify is based in Itasca, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-20 Sometrics

Los Angeles, California, United States

Sometrics, Inc., a wholly-owned subsidiary of American Express, helps publishers monetize online games through virtual currency with the industry's most advanced in-game payment and optimization platform and consumer digital goods marketplace.

Buy $30M

Seller(S) 2

SELLER

Palamon Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 1.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Palamon Capital Partners LP is a private equity firm that targets investments in high-growth service-oriented businesses throughout Europe. Palamon specifically looks for companies operating in business services, financial services, media and communications, leisure and entertainment, information technology, and healthcare. The Firm's target investment size is €30 to €100 million. Funds are generally used to support development needs, however, Palamon will also consider investing in early-stage businesses, recapitalizations, deleveraging transactions, turnarounds, and buyouts. Palamon Capital Partners LP was formed in 1999 and is based in London.

DEAL STATS #
Overall 10 of 30
Sector (Business Services) 2 of 5
Type (Add-on Acquisition) 6 of 14
Country (Germany) 2 of 8
Year (2011) 1 of 4
Size (of disclosed) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-27 mydentist

Manchester, United Kingdom

mydentist is a provider of dental treatments for patients through a network of National Health Service(NHS). mydentist was founded in 1996 and is based in Manchester, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-07 dress-for-less

Kelsterbach, Germany

dress-for-less GmbH is an online designer fashion outlets, selling primarily end-of-season apparel from over 250 designer labels.

Sell -
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 118 of 217
Sector (Business Services) 6 of 15
Type (Add-on Acquisition) 30 of 67
Country (Germany) 11 of 17
Year (2011) 4 of 11
Size (of disclosed) 32 of 73
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-01 Courtepaille

Courcouronnes, France

Courtepaille is a chain of grill restaurants across France that follow a uniform concept. Courtepaille was established in 1961 and is based in Courcouronnes, France.

Buy $160M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-15 Quorn Foods

Westport, Connecticut, United States

Quorn Foods trades under the brands Quorn and Cauldron. Quorn is a UK market leader in meat-alternative foods and is one of the largest meat-alternative brands in the world.

Buy £205M
Mergr

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Company

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