M&A Deal Summary

Argand Partners Acquires Oase

On October 30, 2017, private equity firm Argand Partners acquired business services company Oase from Equistone

Acquisition Highlights
  • This is Argand Partners’ 1st transaction in the Business Services sector.
  • This is Argand Partners’ 1st transaction in Germany.

M&A Deal Summary

Date 2017-10-30
Target Oase
Sector Business Services
Buyer(s) Argand Partners
Sellers(s) Equistone
Deal Type Secondary Buyout

Target

Oase

Horstel, Germany
Oase is a provider of outdoor water gardening products with a growing presence in indoor aquatics products, which are sold under their biOrb and Highline programs. Oase's products stand for cutting‐edge design and exceptional ease of use. OASE is also a leader in complex fountain technology and has extensive experience designing large‐scale projects globally, including The Island in Pigeon Forge in Tennessee, USA; Dancing Fountain at The World Towers in Mumbai, India; and Crane Dance at Sentosa Island in Singapore. Oase was founded in 1949 and is based in Horstel, Germany.

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Buyer(S) 1

Buyer

Argand Partners

Investor Investor


Category Private Equity Firm
Founded 2015
PE ASSETS 685M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argand Partners is a value-oriented private equity firm focused on acquiring controlling interests in middle-market industrial businesses that have established market leadership positions and track records of stable cash flows. Argand typically pursues complex situations involving corporate carve-outs of non-core divisions, industries that are out of favor or in transition, middle-market companies grappling with the opportunities and difficulties of global operations, good companies with overleveraged balance sheets, and family-owned businesses transitioning to professional management. Target companies generally have $15 to $50 million of EBITDA. Argand Partners was founded in 2015 and is based in New York City.


DEAL STATS #
Overall 3 of 6
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 2 of 4
Country (Germany) 1 of 2
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-05 Brintons Carpets

Kidderminster, United Kingdom

Brintons Carpets is a designer and manufacturer of luxury woven carpets for commercial and residential premises. Brintons Carpets was founded in 1783 and is based in Kidderminster, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 Concrete Pumping Holdings

Thornton, Colorado, United States

Concrete Pumping Holdings is a concrete pumping service and concrete environmental waste management solutions provider in the U.S. and U.K. Concrete Pumping Holdings is also a provider of concrete waste management services in the U.S. market, operating under the brand, Eco-Pan. Concrete Pumping Holdings was incorporated in 1983 and is based in Thornton, Colorado.

Buy -

Seller(S) 1

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, England.


DEAL STATS #
Overall 150 of 194
Sector (Business Services) 18 of 25
Type (Secondary Buyout) 70 of 91
Country (Germany) 22 of 29
Year (2017) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-12 Team ITG

Birmingham, United Kingdom

Team ITG is a marketing services and technology business that helps major brands and retailers improve the efficiency, speed, cost and control of their marketing operations. Team ITG was founded in 2009 and is based in Birmingham, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-17 BFT Mastclimbing

Leighton Buzzard, United Kingdom

BFT Mastclimbing is a provider of mobile mast climbing work platforms (MCWPs) to the UK construction industry. BFT offers an alternative solution to the more established use of scaffolding in construction, in both maintenance and new build projects. MCWP’s have a number of advantages over scaffolding that become more pronounced in taller buildings: cost, speed of erection, ease of access, health and safety. BFT’s customers include main contractors, specialist sub-contractors such as cladding suppliers, facilities management businesses and public authorities.

Buy -