Buyout (LBO, MBO, MBI) • Business Services

Berggruen Holdings Acquires GEAR

On November 14, 2008, private equity firm Berggruen Holdings acquired business services company GEAR

Acquisition Context
  • This is Berggruen Holdings’ 2nd transaction in the Business Services sector.
  • This is Berggruen Holdings’ 4th transaction in India.

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M&A Deal Summary

Date November 14, 2008
Target GEAR
Sector Business Services
Buyer(s) Berggruen Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target Company

GEAR

Navi Mumbai, India
GEAR is a Warehousing/Intralogistics Material Handling Equipment (MHE) rental service provider. GEAR was founded in 2007 and is based in Navi Mumbai, India.
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Buyer Overview 1

Buyer

Berggruen Holdings

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Berggruen Holdings, Inc. is a private holding company that seeks investments in private equity, real estate, alternative energy, stocks and bonds, hedge funds, and other private equity funds. Berggruen's direct private equity group targets investments in mid-market, cash-flow positive businesses operating in a wide variety of industries. The Firm can invest up to $200 million per transaction and will consider opportunities in the US, Europe, Asia, and other emerging markets. Berggruen Holdings looks to partner with management teams when pursuing opportunities. Berggruen Holdings, Inc. was established in 1986 and has offices in New York, Los Angeles, London, Berlin, Tel Aviv, Mumbai, and Istanbul.


Deal Context for Buyer #
Overall 10 of 14
Sector: Business Services 2 of 3
Type: Buyout (LBO, MBO, MBI) 5 of 8
Country: India 4 of 5
Year: 2008 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 LeYa

Lisbon, Portugal

LeYa is an editorial group that includes some of the most prestigious Portuguese-language publishers in Portugal, Angola, and Mozambique. It is also present in Brazil where it operates in the distance learning/e-learning sector. LeYa was formed in 2008 and is based in Lisbon, Portugal.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-16 FGX International

Smithfield, Rhode Island, United States

FGX International Holdings Limited is a designer and marketer of non-prescription reading glasses and sunglasses.

Sell $565M