M&A Deal Summary

Azulis Capital and Arkea Capital Acquire Ital Passion

On June 5, 2019, private equity firms Azulis Capital and Arkea Capital acquired distribution company Ital Passion

Acquisition Highlights
  • This is Azulis Capital’s 5th and Arkea Capital’s 3rd transaction in the Distribution sector.
  • This is Azulis Capital’s 1st and Arkea Capital’s 1st transaction in Monaco.

M&A Deal Summary

Date 2019-06-05
Target Ital Passion
Sector Distribution
Buyer(s) Azulis Capital
Arkea Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Ital Passion

Monaco, Monaco
Ital Passion is a specialist in import and distribution of Italian grocery products. Ital Passion sources its products from suppliers in Italy for its large range of references under its own brands (such as Florelli for sauces, antipasti, breadsticks and oil, Torosco for vinegar, Artesani for pasta) and under private label distributor brands. Ital Passion was founded in 2002 and is based in Monaco.

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Buyer(S) 2

Buyer

Azulis Capital

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 1.0B EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Azulis Capital is a private equity investment firm that targets buyout, recapitalization, and growth capital investments in France. Azulis looks to invest in mid-sized businesses with €20 to €120 million in enterprise value. Sectors of interest include consumer products and services, manufacturing, communications, healthcare, and chemicals. Azulis generally seeks to commit between €7 and €30 million per transaction. Azulis Capital was formerly known as Banexi Capital and is based in Paris.


DEAL STATS #
Overall 69 of 79
Sector: Distribution M&A 5 of 7
Type: Buyout (LBO, MBO, MBI) M&A Deals 41 of 44
Country: Monaco M&A 1 of 1
Year: 2019 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-09 Love & Green

Lyon, France

Love & Green is a committed and eco-responsible brand, pioneer of natural and ecological diaper segment, which has gradually extended its range to other categories of baby products (wipes, panties, gels, creams) but also in feminine hygiene and incontinence. Love & Green was founded in 2011 and is based in Lyon, French.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 RPO

Neuilly-sur-Seine, France

RPO is a general and specialized radiology group. RPO's main mission is to offer a personalized radiography service. RPO radiologists and medical teams are there to provide medical imaging service and advice as well as to reassure at each stage of the examinations. RPO was formed in 2009 and is based in Neuilly-sur-Seine, France.

Buy -
Buyer

Arkea Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Arkéa Capital is the private equity investment arm of diversified financial services company Crédit Mutuel Arkéa. Arkéa Capital looks to make long-term investments in established, market leading companies. The Group does not have any sector preferences. Arkéa Capital does not have any sector preferences and is headquartered in Brest.


DEAL STATS #
Overall 58 of 111
Sector: Distribution M&A 3 of 7
Type: Buyout (LBO, MBO, MBI) M&A Deals 29 of 42
Country: Monaco M&A 1 of 1
Year: 2019 M&A 7 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-09 Landanger

Paris, France

Landanger manufactures and distributes surgical instruments for which it also offers maintenance services. Landanger was founded in 1947 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-20 Cleverconnect

Paris, France

Cleverconnect is a recruiting & candidate experience solutions provider. Cleverconnect platform combines human intelligence and AI to connect clients to their candidates and help clients reach their recruiting goals. Cleverconnect was founded in 2016 and is based in Paris, France

Buy -