M&A Deal Summary

Beautiful Mind Capital Acquires Cordenka

On November 16, 2018, private equity firm Beautiful Mind Capital acquired apparel/textiles company Cordenka from Chequers Capital for 240M EUR

Acquisition Highlights
  • This is Beautiful Mind Capital’s 1st transaction in the Apparel/Textiles sector.
  • This is Beautiful Mind Capital’s 0th largest (disclosed) transaction.
  • This is Beautiful Mind Capital’s 1st transaction in Germany.

M&A Deal Summary
Date 2018-11-16
Target Cordenka
Sector Apparel/Textiles
Buyer(s) Beautiful Mind Capital
Sellers(s) Chequers Capital
Deal Type Secondary Buyout
Deal Value 240M EUR

Target

Cordenka

Obernburg, Germany
Cordenka is a manufacturer of industrial rayon yarn for the tyre industry. The high-strength yarn is used as a strengthening material in high-performance tyres, hosepipes, and composite materials. The range of products on offer include yarn, cord, and fabric. Cordenka was founded in 1937 and is based in Obernburg, Germany.

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Buyer(S) 1

Buyer

Beautiful Mind Capital

Category Private Equity Firm
Founded 2018
Size Small
Type Sector Focused
DESCRIPTION

Beautiful Mind Capital is a private equity firm focused on acquiring European companies with synergies with China. The Firm is a generalist investor however has a special interest in advanced manufacturing businesses including precision manufacturing, automotive, and medical equipment. Beautiful Mind Capital was established in 2018 and is headquartered in Shanghai.

DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Germany) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Chequers Capital

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1972
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Chequers Capital is a private equity group focused on acquiring and developing small, medium and large-sized companies in partnership with management. Chequers primarily seeks opportunities in France, Germany, Italy, Benelux, Switzerland and Spain. The Firm looks to commit €40 to €150 million per investment in transactions valued between €80 and €500 million. Sectors of interest broadly include all areas of industrial, distribution, and services. Target transaction situations include turnarounds, recapitalizations, buyouts, and divestitures. Chequers Capital was formed in 1972 and is based in Paris.

DEAL STATS #
Overall 13 of 22
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 11 of 16
Country (Germany) 2 of 2
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Riri

Mendrisio, Switzerland

Riri is a manufacturer of zippers and buttons for the luxury and accessories industry. It offers zippers, jeans buttons, press snaps and buttons, rivets, clips, technical products, tape colors, and puller design solutions, as well as systems for the opening and closure of garments. Riri was established in 1936 and is based in Mendrisio, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 Thermocoax

Suresnes, France

Thermocoax is a manufacturer of customised thermal solutions and temperature measurement systems based on mineral insulated cable technology. Thermocoax was founded in 1957 and is based in Suresnes, France.

Sell -
Mergr

Product

Company

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