M&A Deal Summary

Argos Wityu and Indigo Capital Acquire Eau Ecarlate SAS

On September 1, 2000, private equity firm Argos Wityu and mezzanine finance firm Indigo Capital acquired consumer products company Eau Ecarlate SAS for 59M EUR

Acquisition Highlights
  • This is Argos Wityu’s 1st and Indigo Capital’s 1st transaction in the Consumer Products sector.
  • This is Argos Wityu’s 0th and Indigo Capital’s 5th largest (disclosed) transaction.
  • This is Argos Wityu’s 2nd and Indigo Capital’s 3rd transaction in France.
Investment Fate
  • Eau Ecarlate SAS was sold to a consortium of financial buyers in 2001.
  • Eau Ecarlate SAS was sold to a consortium of financial buyers in 2005.
  • Eau Ecarlate SAS was sold to a strategic buyer in 2010.

M&A Deal Summary
Date 2000-09-01
Target Eau Ecarlate SAS
Sector Consumer Products
Buyer(s) Argos Wityu
Indigo Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 59M EUR

Target

Eau Ecarlate SAS

Genevieve- des Bois, France
Eau Ecarlate is a highly recognized brand for a group of stain removers and other cleaning products distributed primarily in France.

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Buyer(S) 2

Buyer

Argos Wityu

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Argos Soditic is a private equity firm that seeks majority or minority investments in small to medium sized companies headquartered throughout Europe. Argos Soditic will consider investments in public or private companies generating revenue of €20 to €600 million. The Firm's target investment size is €10 to €100 million. Funds are typically used to support management buyouts/buy-ins, divestitures, and growth capital needs. Argos Soditic is a generalist investor with interest in aerospace, manufacturing, distribution, business services, chemicals, marketing, industrial products, packaging, staffing, medical products, and healthcare services. Argos Soditic was formed in 1989 and is headquartered in Paris.

DEAL STATS #
Overall 2 of 80
Sector (Consumer Products) 1 of 10
Type (Buyout (LBO, MBO, MBI)) 2 of 47
Country (France) 2 of 41
Year (2000) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Oxbow SA

Pont-Audemer, France

Oxbow designs and sells a range of outdoor clothing and accessories under its own brand. Its collections are inspired by the world of board sports : surf, snowboard,? The company also signed manufacturing and distribution licensing agreements for several product categories: motocross, watches, luggage, and footwear. Oxbow's positioning lies in a combination of comfortable and quality products with an active and nature-lover image, which has allowed Oxbow to become one of the top European brands in the surfwear industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-01 Italmatch

Genoa, Italy

Italmatch is a chemical group, specialized in performance additives for water treatment, oil & gas, lubricants and plastics, and boasts a wide product range able to fulfil the requirements of the most demanding applications, including personal care. Italmatch was founded in 1997 and is based in Genoa, Italy.

Buy €26M
Buyer

Indigo Capital

London, United Kingdom
Category Mezzanine Finance Firm
Founded 1990
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Indigo Capital is a provider of mezzanine capital to help fund buyouts, corporate acquisitions, expansions, and recapitalizations. Indigo typically invests alongside other private equity firms, however the Firm invests independently as well. Indigo is active throughout Europe and looks to commit €10 to €100 million per transaction. Indigo is sector agnostic and generally backs businesses with 'established market positions, strong, ambitious and incentivized management and attractive growth prospects.' Indigo Capital raised its first fund in 1990. The Firm has offices in London and Paris.

DEAL STATS #
Overall 8 of 46
Sector (Consumer Products) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 8 of 27
Country (France) 3 of 16
Year (2000) 4 of 4
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-01 Vulcanic

Neuilly sur Marne, France

Vulcanic is a designer and manufacturer of low and medium-volume series of electrical heating and cooling solutions for the industry (heating elements, industrial radiators, thermo regulators, etc. Vulcanic was founded in 1956 and is based in Neuilly Sur Marne, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-01 Eurodatacar

Lille, France

Eurodatacar leads the French market for anti-theft marking of automobiles and in providing supplemental insurance coverage against theft for both car dealers and consumers. Eurodatacar quickly focused its efforts on car manufacturers and dealers in this segment which has traditionally been dominated by insurance companies. Eurodatacar was founded in 1978 and is based in Lille, France.

Sell -
Mergr

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