Buyout (LBO, MBO, MBI) • Retail

Ardian Acquires BestSecret

On August 6, 2012, private equity firm Ardian acquired retailer BestSecret

Acquisition Context
  • This is Ardian’s 11th transaction in the Retail sector.
  • This is Ardian’s 12th transaction in Germany.
Investment Fate
  • BestSecret was sold to a consortium of financial buyers in 2016.

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M&A Deal Summary

Date August 6, 2012
Target BestSecret
Sector Retail
Buyer(s) Ardian
Deal Type Buyout (LBO, MBO, MBI)

Target Company

BestSecret

Aschheim, Germany
BestSecret sells more than 3,000 designer brands at attractive prices through its website BestSecret.com as well as three stores in Munich and Vienna. Its exclusive membership is based on invitation only which creates both high-desirability and strong customer engagement, driving double-digit annual growth over the past years. BestSecret was founded in 1924 and is based in Aschheim, Germany.
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Buyer Overview 1

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


Deal Context for Buyer #
Overall 189 of 465
Sector: Retail 11 of 15
Type: Buyout (LBO, MBO, MBI) 75 of 124
Country: Germany 12 of 30
Year: 2012 13 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Frostkrone Food Group

Rietberg, Germany

Frostkrone Food Group is a specialist in the development and production of deep-frozen finger food and snack products. Frostkrone Food Group has a highly diverse product portfolio based on cheese, fish, vegetables, and meat, and sells its products in food retail outlets and in the foodservice sector. Frostkrone Food Group was founded in 1997 and is based in Rietberg, Germany.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-21 Riemser Arzneimittel AG

Greifswald - Insel Riems, Germany

Riemser Arzneimittel AG is a pharmaceutical company focuses on its activities is mainly due to the distribution and life cycle management of pharmaceuticals in therapeutic niche areas with high unmet medical needs. Riemser product range especially covers prescription drugs to treat serious diseases in the therapeutic areas of oncology, infectiology, neurology, in the cardiovascular field, in dermatology, rheumatology, tuberculosis treatment, for the treatment of obesity and primary axillary hyperhidrosis.

Buy -