M&A Deal Summary

Brait Acquires Virgin Active

On April 16, 2015, private equity firm Brait acquired consumer services company Virgin Active from CVC Capital Partners for 1.0B USD

Acquisition Highlights
  • This is Brait’s 1st transaction in the Consumer Services sector.
  • This is Brait’s 2nd largest (disclosed) transaction.
  • This is Brait’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2015-04-16
Target Virgin Active
Sector Consumer Services
Buyer(s) Brait
Sellers(s) CVC Capital Partners
Deal Type Secondary Buyout
Deal Value 1.0B USD
Advisor(s) Allen & Overy (Legal)

Target

Virgin Active

London, United Kingdom
Virgin Active is an international health club operator, with clubs across four continents in eight countries (South Africa, UK, Italy, Australia, Namibia, Botswana, Thailand, and Singapore), serving over 1.2 million members worldwide. Virgin Active was founded in 1999 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Brait

Category Private Equity Firm
Founded 1991
Size Large
Type Sector Agnostic
DESCRIPTION

Brait is an investment holding company focused on realising growth and value creation from its existing portfolio of sizeable, unlisted businesses operating in the broad consumer sector. Brait’s share are primarily listed on the Luxembourg Stock Exchange, with a secondary listing on the JSE. Brait Private Equity was founded in 1991and is located in San Gwann, Malta.

DEAL STATS #
Overall 21 of 22
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 2 of 3
Country (United Kingdom) 2 of 3
Year (2015) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-09 Iceland Foods

Deeside, United Kingdom

Iceland Foods Ltd. is a UK based national food retailer with over 880 stores mainly in convenient high street locations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-15 New Look Retail Group

London, United Kingdom

New Look Retail Group is a specialty retailer of value fashion apparel and is the second largest womenswear retailer in the UK and now has over 1,000 stores worldwide, in the UK and Republic of Ireland, Europe, the Middle East, Singapore, Russia, and Poland. New Look was founded in 1969 and is based in London, United Kingdom.

Buy £780M

Seller(S) 1

SELLER

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.

DEAL STATS #
Overall 117 of 173
Sector (Consumer Services) 4 of 5
Type (Secondary Buyout) 25 of 42
Country (United Kingdom) 27 of 33
Year (2015) 6 of 9
Size (of disclosed) 29 of 54
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-23 Skrill Holdings

London, United Kingdom

Skrill Holdings Ltd. is a digital payments businesses providing digital wallet solutions and online payment processing capabilities and prepaid online voucher providers.

Sell €1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Douglas

Hagen, Germany

Douglas is a premium beauty retailer with about 2,400 stores and fast-growing online shops in 21 European countries. Douglas has a portfolio of some 38,000 high-quality products in the areas of perfumery, decorative cosmetics and skincare. Douglas was founded in 1910 and is based in Hagen, Germany.

Buy -
Mergr

Product

Company

Legal