M&A Deal Summary

AP Capital Investments and Kartesia Acquire PlanetHome Group

On March 3, 2020, private equity firm AP Capital Investments and lender Kartesia acquired real estate company PlanetHome Group from Praesidian Capital

Acquisition Highlights
  • This is AP Capital Investments’ 1st and Kartesia’s 1st transaction in the Real Estate sector.
  • This is AP Capital Investments’ 1st and Kartesia’s 3rd transaction in Germany.

M&A Deal Summary

Date 2020-03-03
Target PlanetHome Group
Sector Real Estate
Buyer(s) AP Capital Investments
Kartesia
Sellers(s) Praesidian Capital
Deal Type Secondary Buyout
Advisor(s) DC Advisory (Financial)

Target

PlanetHome Group

Munich, Germany
PlanetHome Group is a real estate service provider with a network of highly qualified and permanent real estate consultants who looks after real estate customers personally. The company bridges the gap between experience and the use of innovative tools to guide customers to their goals quickly and individually. PlanetHome Group was founded in 2000 and is based in Munich, Germany.

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Buyer(S) 2

DESCRIPTION

AP Capital Investments is a private investment firm focused on pursuing buy and build investment strategies in the US and Europe. The Firm targets platform companies with at least €50 million in revenue and €5 to €25 million of EBITDA. Sectors of interest include manufacturing, distribution, aerospace, defense, industrial automation, testing/measurement, medical devices, and clean technology. AP Capital Investments has offices in Los Angeles, California and Munich, Germany.


DEAL STATS #
Overall 1 of 1
Sector: Real Estate M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2020 M&A 1 of 1
Buyer

Kartesia

Investor Investor Investor Investor Investor


Category Lender
Founded 2013
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Kartesia is a private investment group and lender that looks to invest in lower middle-market companies throughout the European Union and Central Europe. The Firm is industry agnostic and seeks to commit €10 to €100 million in profitable companies with at least €5 million of EBITDA. Proceeds are typically invested alongside sponsors to support buyouts, recapitalizations, shareholder liquidity needs, or restructurings. Kartesia was established in 2013 and is headquartered in London.


DEAL STATS #
Overall 13 of 36
Sector: Real Estate M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 16
Country: Germany M&A 3 of 7
Year: 2020 M&A 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Cosmetique Totale

Alphen aan den Rijn, Netherlands

Cosmetique Totale is specialised in the field of skin therapy, laser treatments and medical peels. Cosmetique Totale was founded in 2004 and is based in Alphen aan den Rijn, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-22 Pyrex

Chateauroux, France

Pyrex is a manufacturer and distributor of glassware and cookware for domestic and professional use. The Company offers a range of heat-resistant glass and metal products including oven dishes, bakeware, pots, pans, and food storage containers for cooking, baking, and meal preparation. Pyrex was founded in 1915 and is based in Chateauroux, France.

Buy -

Seller(S) 1

SELLER

Praesidian Capital

Oklahoma City, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Praesidian Capital is a mezzanine debt provider for middle-market companies throughout the US and Europe. Praesidian looks to provide junior capital to businesses with revenues between $3 and $100 million and EBITDA between $250k and $20 million. Capital is typically used to support acquisitions, management/leveraged buyouts, recapitalizations, and restructurings. Praesidian will not invest in oil & gas exploration, financial services, real estate, or start-ups. Praesidian Capital was formed in 2002 and is based in New York City.


DEAL STATS #
Overall 25 of 32
Sector: Real Estate M&A 1 of 1
Type: Secondary Buyout M&A Deals 10 of 14
Country: Germany M&A 1 of 1
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-26 Granite Seed Co.

Lehi, Utah, United States

Granite Seed Co. specializes in the supply of seed and erosion control products and services for land reclamation and erosion prevention associated with a variety of natural and man-made disturbances. Granite Seed was established in 1988 and is based in Lehi, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-25 Round 2

South Bend, Indiana, United States

Round 2 is an innovative collectibles company that produces model kits, including classic cars and spaceships, die-cast cars, slot cars, and other hobby products. Round 2 was founded in 2007 and is based in South Bend, Indiana.

Buy -