M&A Deal Summary

Bancroft Private Equity Acquires CityEX

On May 23, 2011, private equity firm Bancroft Private Equity acquired business services company CityEX

Acquisition Highlights
  • This is Bancroft Private Equity’s 1st transaction in the Business Services sector.
  • This is Bancroft Private Equity’s 1st transaction in Croatia.

M&A Deal Summary

Date 2011-05-23
Target CityEX
Sector Business Services
Buyer(s) Bancroft Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

CityEX

Zagreb, Croatia
CityEx is a Croatian value-added postal services provider. CityEx has 36 locations in 30 cities across Croatia, employs over a thousand, and delivers more than a million parcels and 60 million documents annually. CityEX is based in Zagreb, Croatia.

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Buyer(S) 1

Buyer

Bancroft Private Equity

Jersey, Channel Islands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 350M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bancroft Private Equity is a private equity group focused on Eastern Europe, including Greece, the Balkans, and Turkey. The Firm's latest fund looks to invest €10 to €30 million in mature companies, led by experienced management teams with successful track records. Bancroft only considers majority positions and will consider all industries except real estate, tobacco, gambling, and liquor. Bancroft was originally established in 1989 and is based in Vienna.


DEAL STATS #
Overall 7 of 10
Sector: Business Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 7
Country: Croatia M&A 1 of 1
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-10 Standard Profil

Istanbul, Turkey

Standard Profil is the largest automotive sealing systems manufacturer in Europe and is the supplier of the highest volume cars across many OEMs. Standard Profil was founded in 1977 and is based in Istanbul, Turkey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-30 Bonton a.s.

Prague, Czech Republic

Bonton, a.s. is a distributor of movies, VHS, VCDs, and DVDs of Hollywood-produced movies and independent cinemas to rental and retail networks.

Sell -