Add-on Acquisition • Leisure

Appia Acquires Welcome Break Group

On April 3, 2008, Appia acquired leisure company Welcome Break Group from Investcorp

Acquisition Context
  • This is Appia’s 1st transaction in the Leisure sector.
  • This is Appia’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date April 3, 2008
Target Welcome Break Group
Sector Leisure
Buyer(s) Appia
Sellers(s) Investcorp
Deal Type Add-on Acquisition

Target Company

Welcome Break Group

Newport Pagnell, United Kingdom
Second largest operator of motorway service areas in the UK.
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Buyer Overview 1

Buyer

Appia

Durham, North Carolina, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

Appia, Inc. is a provider of cross platform, open app store and content marketplace with a catalog of more than 140,000 paid and free titles and relationships with more than 32,000 developers.


Deal Context for Buyer #
Overall 1 of 1
Sector: Leisure 1 of 1
Type: Add-on Acquisition 1 of 1
Country: United Kingdom 1 of 1
Year: 2008 1 of 1

Seller Profile 1

SELLER

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


Deal Context for Seller #
Overall 40 of 111
Sector: Leisure 1 of 1
Type: Add-on Acquisition 21 of 49
Country: United Kingdom 4 of 14
Year: 2008 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-30 Randall-Reilly

Tuscaloosa, Alabama, United States

Randall-Reilly is a provider of data and data-driven marketing solutions for industrial end markets including heavy-duty trucking, construction equipment, agricultural equipment, and machine tools. Randall-Reilly’s unique data assets and highly customizable digital marketing solutions enable clients to identify and target sales, marketing, and recruiting prospects. Randall-Reilly was founded in 1934 and is based in Tuscaloosa, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-14 Aurora Systems

San Jose, California, United States

Aurora Systems is a fabless manufacturer of microdisplay semiconductors used to generate high definition video for projection televisions and projectors. Based on heavily patented technology, Aurora has developed a Liquid Crystal on Semiconductor (LCOS) solution which has the advantage of producing televisions at lower cost and with superior picture quality when compared to LCD, Plasma, and DLP technologies.

Buy -