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M&A Deal Summary

BC Partners Acquires Cigierre

On November 12, 2015, private equity firm BC Partners acquired restaurant Cigierre from L Capital Management and Paladin Capital Group for 300M EUR

Acquisition Highlights
  • This is BC Partners’ 4th transaction in the Restaurants sector.
  • This is BC Partners’ 36th largest (disclosed) transaction.
  • This is BC Partners’ 4th transaction in Italy.

M&A Deal Summary
Date 2015-11-12
Target Cigierre
Sector Restaurants
Buyer(s) BC Partners
Sellers(s) L Capital Management
Paladin Capital Group
Deal Type Secondary Buyout
Deal Value 300M EUR

Target

Cigierre

Tavagnacco, Italy
Cigierre is a provider of causal dining segment. Its network of 130 directly owned or franchised restaurants. Cigierre was founded in 1995 and is based in Tavagnacco, Italy.

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Buyer(S) 1

Buyer

BC Partners

London, United Kingdom

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 30.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

BC Partners is a large investment group focused on private equity, credit, real estate, and co-investment strategies. The Firm's private equity group looks to make control investments in European and North American businesses valued above €300 million. Sectors of interest include healthcare, directory publishing, media, industrial products, food, distribution, manufacturing, consumer services, business services, and communications. BC Partners was formed in 1986 and is based in London, England.

DEAL STATS #
Overall 65 of 99
Sector (Restaurants) 4 of 4
Type (Secondary Buyout) 25 of 40
Country (Italy) 4 of 10
Year (2015) 5 of 5
Size (of disclosed) 36 of 44
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-16 Dummen Orange

De Lier, Netherlands

Dummen Orange is a floricultural breeding company that produces, markets, and sells cut flowers, pot plants, bedding plants, and perennials worldwide. Dummen Orange’s core business is the development of flower varieties with improved characteristics for growers, retailers and consumers, and it creates, develops and produces cuttings which are then supplied to growers globally. Dummen Orange was founded in 2010 and is based in De Lier, Netherlands.

Buy €503M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-21 Suddenlink

St. Louis, Missouri, United States

Suddenlink is a major U.S. cable broadband provider, supporting the information, communication and entertainment demands of approximately 1.3 million customers in North Carolina, West Virginia, Missouri, Arkansas, Louisiana, Texas, Oklahoma and California. Suddenlink was formed in 2003 and is based in St. Louis, Missouri.

Sell -

Seller(S) 2

SELLER

L Capital Management

Paris, France
Category Private Equity Firm
Founded 2001
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

L Capital Management is a private equity firm that focuses on acquiring businesses primarily in Europe and also look for potential opportunities in North America and Asia. It looks to invests €15 - €60 million in companies with revenues of €30 - €400 million. The firm seeks to hold both minority and majority stake in portfolio companies along with co-investors. Specific areas of interest include personal care and well-being, personal equipment, home and family equipment and selective retailing. Types of transaction include LBO’s and growth capital financing. L Capital is sponsored by the LVMH Group and Groupe Arnault. L Capital was formed in 2001 and is based Paris, France with additional offices in Milan, Italy and Madrid, Spain.

DEAL STATS #
Overall 13 of 17
Sector (Restaurants) 2 of 2
Type (Secondary Buyout) 5 of 7
Country (Italy) 4 of 5
Year (2015) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-09 El Ganso

Madrid, Spain

El Ganso is a Spanish apparel, shoes and accessories retailer for men, women, and children.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-15 Stroili Oro Group

Amaro, Italy

Stroili Oro Group SpA is an Italian retail chain for jewellery, watches and other affordable gold and silver accessories.

Sell -
SELLER

Paladin Capital Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2001
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Paladin Capital Group is a growth capital firm focused on early and expansion stage businesses related to homeland security, defense, and business continuity. Specific areas of interest include identity management, antimicrobial solutions, mesh networks, IT services, data storage, business process software, network management software and detection, biometrics, and protective equipment. Paladin Capital Group was formed in 2001 and is headquartered in Washington DC.

DEAL STATS #
Overall 25 of 44
Sector (Restaurants) 1 of 1
Type (Secondary Buyout) 3 of 5
Country (Italy) 1 of 1
Year (2015) 5 of 6
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-30 PerspecSys

Toronto, Ontario, Canada

PerspecSys, Inc. is a provider of cloud data protection platform solves key data compliance, privacy and security concerns for enterprises adopting cloud-based applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-16 BuildingIQ

Sydney, Australia

BuildingIQ is a provider of Software as a Service solution for energy optimization for commercial buildings. BuildingIQ’s suite of software offerings are based on unique, patent-pending Predictive Energy Optimization technology. BuildingIQ was founded in 2012 and is basin Sydney, Australia.

Sell -
Mergr

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