M&A Deal Summary

Bain Capital Private Equity Acquires MKM

On March 3, 2017, private equity firm Bain Capital Private Equity acquired building materials company MKM from LDC and 3i Private Equity

Acquisition Highlights
  • This is Bain Capital Private Equity’s 2nd transaction in the Building Materials sector.
  • This is Bain Capital Private Equity’s 7th transaction in the United Kingdom.

M&A Deal Summary

Date 2017-03-03
Target MKM
Sector Building Materials
Buyer(s) Bain Capital Private Equity
Sellers(s) LDC
3i Private Equity
Deal Type Secondary Buyout

Target

MKM

Hull, United Kingdom
MKM is an independent builders’ merchant, with 47 branches across England and Scotland. The Company aim to be a ‘one stop shop’ for building, timber and plumbing supplies, and stock a wide range of products from the industry’s leading manufacturers all at competitive prices. The Company hold high levels of stock on-site to ensure both our customers in the building trade and the general public can get what they need, when they need it. MKM was founded in 1995 and is based in Hull, United Kingdom.

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Buyer(S) 1

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 153 of 253
Sector: Building Materials M&A 2 of 2
Type: Secondary Buyout M&A Deals 33 of 76
Country: United Kingdom M&A 7 of 11
Year: 2017 M&A 5 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 D+M Group

Mahwah, New Jersey, United States

D+M Group (Denon & Marantz) is a provider of audio/video receivers worldwide and a leader in wireless multi-room audio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-10 EfTD

Seriate, Italy

EfTD is a distributor of replacement tires in Europe and covers a comprehensive range of vehicles. The company operates across the wholesale and retail value chain through warehouses and retail outlets across Europe. EfTD is based in Seriate, Italy.

Buy -

Seller(S) 2

SELLER

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.9B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. LDC was formed in 1981 and is based in London.


DEAL STATS #
Overall 107 of 210
Sector: Building Materials M&A 4 of 6
Type: Secondary Buyout M&A Deals 33 of 77
Country: United Kingdom M&A 104 of 204
Year: 2017 M&A 2 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-15 Blue Bay Travel

Staffs, United Kingdom

Blue Bay Travel is an online travel agent specializing in long-haul holidays to the Caribbean, Mexico and Indian Ocean. The business operates under several specialist brands – including Caribbean Warehouse, specialising in destinations such as Mexico, Dominican Republic, Barbados and Saint Lucia – and Tropical Warehouse, focusing on the Indian Ocean and Far East. Blue Bay Travel was founded in 2003 and is based in Staffs, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-18 Hill Biscuits

Lancashire, United Kingdom

Hill Biscuits is a biscuit manufacturer and producer of over 30 million biscuits each week for the retail and foodservice markets. Key products include digestives, ginger nuts, custard creams, bourbons, malted milks and gingerbread men. Hill Biscuits was founded in 1855 and is based in Lancashire, United Kingdom.

Buy -
SELLER

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1945
PE ASSETS 21.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


DEAL STATS #
Overall 179 of 196
Sector: Building Materials M&A 1 of 2
Type: Secondary Buyout M&A Deals 76 of 83
Country: United Kingdom M&A 59 of 63
Year: 2017 M&A 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-30 Optical Carol

São Paulo, Brazil

Optical Carol sells a broad range of prescription frames and sunglasses. The company was founded in 1997 and is based in São Paulo, Brazil.

Sell €110M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-17 Luqom Group

Berlin, Germany

Luqom Group is an online retailer of lighting products in Europe. The Company offers customers more than 50,000 products through Luqom Group’s online shops and channels: from value-level to premium design segment online shops, as well as private label brands to renowned design products. Luqom Group was founded in 2004 and is based in Berlin, Germany.

Buy -