M&A Deal Summary

Ardian and Intermediate Capital Group Acquire Löwen Play

On June 5, 2008, private equity firm Ardian and mezzanine finance firm Intermediate Capital Group acquired gaming company Löwen Play from Waterland Private Equity

Acquisition Highlights
  • This is Ardian’s 2nd and Intermediate Capital Group’s 3rd transaction in the Gaming sector.
  • This is Ardian’s 8th and Intermediate Capital Group’s 22nd transaction in Germany.

M&A Deal Summary
Date 2008-06-05
Target Löwen Play
Sector Gaming
Buyer(s) Ardian
Intermediate Capital Group
Sellers(s) Waterland Private Equity
Deal Type Secondary Buyout

Target

Löwen Play

Bingen, Germany
Löwen Play is a gaming arcade operator. Löwen Play operates around 240 amusement arcades that provide gaming, sports, and amusement machines. Löwen Play was founded in 1949 and is based in Bingen, Germany.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B 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 €150 million 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 STATS #
Overall 108 of 418
Sector (Gaming) 2 of 2
Type (Secondary Buyout) 28 of 137
Country (Germany) 8 of 30
Year (2008) 7 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-04 Prodware

Paris, France

Prodware is an AUTODESK partner in France specializing in digital transformation, 3D digital twins’ expertise, virtual and augmented reality, AI and Metaverse latest innovation. Prodware is based in Paris.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-15 Talaris

Basingstoke, United Kingdom

Talaris Ltd. designs, manufactures, sells and maintains cash management solutions with customers across the banking, retail and gaming sectors.

Buy £360M
Buyer

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 214 of 293
Sector (Gaming) 3 of 3
Type (Secondary Buyout) 62 of 115
Country (Germany) 22 of 24
Year (2008) 9 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-01 Veinsur SA

Almería, Spain

Veinsur SA is a dealer of Volvo trucks in Europe allows us to provide not only a large variety of Volvo vehicles, maintained in our network of workshops, but also many other makes of vehicles.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-18 Craegmoor

London, United Kingdom

Craegmoor Ltd. is an operator of elderly and specialist long term care homes in the UK.

Sell £290M

Seller(S) 1

SELLER

Waterland Private Equity

Bussum, Netherlands

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Waterland Private Equity Investments BV is a private equity firm focused on mid-sized company investments in Central Europe. Waterland looks for businesses with €10 to €200 million in revenue and generally seeks companies operating in fragmented markets or industries undergoing change as a result of: outsourcing, the aging population, and a growing population with increased purchasing power. The Firm typically partners with entrepreneurs and management teams to accelerate the growth of their businesses or complete buyouts and consolidation strategies. Waterland Private Equity Investments was formed in 1999 and is based in Bussum, the Netherlands.

DEAL STATS #
Overall 5 of 45
Sector (Gaming) 1 of 2
Type (Secondary Buyout) 4 of 24
Country (Germany) 2 of 12
Year (2008) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-02 Aevitae BV

Eindhoven, Netherlands

Aevitae BV is an insurance mandated ('gevolgmachtigde') company specialized in health insurances and employee benefits solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 Excent Tandtechniek Het Groene Hart

Gouda, Netherlands

Excent Tandtechniek Het Groene Hart is a dental laboratory group, supplying Dutch dentists with partial and full dentures, crowns, bridges, facings and implant work using the latest (CAD/CAM) technology. Excent Tandtechniek Het Groene Hart was founded in 1910 and is based in Gouda, Netherlands.

Sell -
Mergr

Product

Company

Legal