M&A Deal Summary

BC Partners Acquires Nille

On March 29, 2011, private equity firm BC Partners acquired retailer Nille from Herkules Capital for 263M EUR

Acquisition Highlights
  • This is BC Partners’ 4th transaction in the Retail sector.
  • This is BC Partners’ 40th largest (disclosed) transaction.
  • This is BC Partners’ 1st transaction in Norway.

M&A Deal Summary

Date 2011-03-29
Target Nille
Sector Retail
Buyer(s) BC Partners
Sellers(s) Herkules Capital
Deal Type Secondary Buyout
Deal Value 263M EUR

Target

Nille

Trollasen, Norway
Nille is one of the discount retailers with a broad assortment of non-food products. Nille has a strong brand and nationwide network of more than 280 stores, which makes the company a clear leader in the shopping center discount segment. The product range is exclusively targeted towards women and includes categories such as candles, napkins, birthday products, kitchen supplies, textiles and a number of other categories. Nille was founded in 1981 and is based in Trollasen, Norway.

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Buyer(S) 1

Buyer

BC Partners

London, United Kingdom

Investor 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 46 of 99
Sector: Retail M&A 4 of 6
Type: Secondary Buyout M&A Deals 15 of 40
Country: Norway M&A 1 of 1
Year: 2011 M&A 3 of 5
Size (of disclosed) 40 of 44
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-18 Phones 4u

Newcastle-under-Lyme, United Kingdom

MobileServ, operating under the Phones 4u brand, is a independent multi-channel mobile phone distributor among the youth market in the UK and the largest provider of mobile phone insurance in the UK.

Buy €677M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-09 Gruppo Coin

Mestre Venezia, Italy

Gruppo Coin is an Italian apparel retailer operating c. 800 stores in Italy and 90 overseas. The company employs 9,500 people. The group operates through two brands: Oviesse "OVS" which offers "value for money" clothing for women, men and children and Coin department stores which target more affluent customers, selling clothing for men, women and children, as well as accessories, underwear, home decoration, perfumes and cosmetics.

Buy €1.7B

Seller(S) 1

SELLER

Herkules Capital

Oslo, Norway

Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 15.1B NOK
Size Large
Type Sector Agnostic
DESCRIPTION

Herkules Capital is a private equity firm focused on acquiring controlling interests in established companies located in Norway and other Nordic countries. Herkules looks to commit NOK 100 to NOK 1200 million of equity capital per transaction and will consider investing in public and private companies. Sectors of interest include oil services, healthcare, consumer, trade/retail, services and telecom. The Firm's investment horizon is typically five to seven years. Herkules was formerly known as Fer Private Equity. The Firm is based in Lysaker, Norway.


DEAL STATS #
Overall 4 of 34
Sector: Retail M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 10
Country: Norway M&A 3 of 28
Year: 2011 M&A 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-04 Norsk Jernbanedrift

Porsgrunn, Norway

Norsk Jernbanedrift is a turnkey contractor within railway technical services, offering both engineering, construction, and machine services. Norsk Jernbanedrift was founded in 2005 and is based in Porsgrunn, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-09 Linas Matkasse

Sundbyberg, Sweden

Linas Matkasse is a food delivery service provider for recipe bags with fresh ingredients. Linas Matkasse weekly provides its subscribers with a pre-packaged bag of groceries, with easy-to-prepare recipes and ingredients for homemade dinners for the whole family. Linas Matkasse was founded in 2008 and is based in Sundbyberg, Sweden.

Buy -