Secondary Buyout • Communications

BC Partners and CPP Investments Acquire United Group

On September 27, 2018, private equity firm BC Partners and pension CPP Investments acquired communications company United Group from KKR

Acquisition Context
  • This is BC Partners’ 4th and CPP Investments’ 2nd transaction in the Communications sector.
  • This is BC Partners’ 7th and CPP Investments’ 1st transaction in the Netherlands.

Explore All 173 Secondary Buyout Communications Deals - Search the Database Free


M&A Deal Summary

Date September 27, 2018
Target United Group
Sector Communications
Buyer(s) BC Partners
CPP Investments
Sellers(s) KKR
Deal Type Secondary Buyout
Advisor(s) Credit Suisse Investment Banking (Financial)

Target Company

United Group

Hoofddorp, Netherlands
United Group is a media and communication services provider. United Group providing customers with a full range of telecommunications services. United Group was founded in 2007 and is based in Amsterdam, Netherlands.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyers Overview 2

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 Context for Buyer #
Overall 85 of 99
Sector: Communications 4 of 4
Type: Secondary Buyout 34 of 40
Country: Netherlands 7 of 9
Year: 2018 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-01 SBB

Beograd, Serbia

SBB is a cable TV and broadband internet operator in Europe, and Mid-Europa and is committed to the continued development of cable TV and internet business. SBB was founded in 2002 and is based in Beograd, Serbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-14 Antelliq Group

Vitre, France

Antelliq Group is a designer, production, and distribution of animal identification and monitoring devices for the management of livestock, pets, and fish. Antelliq Group is based in Vitre, France.

Sell €2.1B
Buyer
DESCRIPTION

CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.


Deal Context for Buyer #
Overall 64 of 176
Sector: Communications 2 of 4
Type: Secondary Buyout 17 of 46
Country: Netherlands 1 of 3
Year: 2018 16 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-12 Sedgwick

Memphis, Tennessee, United States

Sedgwick is a global provider of technology-enabled risk, benefits and integrated business solutions. The Company provides technology-enabled claims management solutions for workers’ compensation, disability, liability, and property claims. Sedgwick was founded in 1969 and is based in Memphis, Tennessee.

Buy $6.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 good2grow

Atlanta, Georgia, United States

good2grow is a better-for-you kids’ nutrition platform providing single-serve juice, fortified water, and milk products. The Company delivers its unique product with a collectible spout top (“toppers”) based on famous characters from children’s entertainment franchises. good2grow was founded in 2001 and is based in Atlanta, Georgia.

Buy -

Seller Profile 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


Deal Context for Seller #
Overall 121 of 215
Sector: Communications 4 of 8
Type: Secondary Buyout 21 of 41
Country: Netherlands 8 of 9
Year: 2018 18 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 MMI Holdings

Singapore, Singapore

MMI Holdings is a manufacturer of precision machining and assembly components for customers in various industries, such as data storage, photonics, communications, semiconductor equipment, automotive and industrial automation. MMI Holdings was founded in 1989 and is based in Singapore.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-04 Maya Innovations

Manila, Philippines

Maya Innovations is a technology company focused on developing customer-centric emerging market platforms in the areas of digital payments, digital finance, and marketing technologies. Maya Innovations was founded in 2013 and is based in Manila, Phillippines.

Buy -