M&A Deal Summary

Buffalo Grill Acquires Courtepaille

On September 29, 2020, Buffalo Grill acquired restaurant Courtepaille from Intermediate Capital Group and Trail Capital for 17M EUR

Acquisition Highlights
  • This is Buffalo Grill’s 1st transaction in the Restaurants sector.
  • This is Buffalo Grill’s largest (disclosed) transaction.
  • This is Buffalo Grill’s 1st transaction in France.

M&A Deal Summary

Date 2020-09-29
Target Courtepaille
Sector Restaurants
Buyer(s) Buffalo Grill
Sellers(s) Intermediate Capital Group
Trail Capital
Deal Type Add-on Acquisition
Deal Value 17M EUR

Target

Courtepaille

Courcouronnes, France
Courtepaille is a chain of grill restaurants across France that follow a uniform concept. Courtepaille was established in 1961 and is based in Courcouronnes, France.

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Buyer(S) 1

Buyer

Buffalo Grill

Montrouge, France

Category Company
Founded 1980
Sector Restaurants
Revenue 351M EUR (2008)
DESCRIPTION

Buffalo Grill operates a chain of theme restaurants specializing in grilled meat. Buffalo Grill was founded in 1980 and is based in Montrouge, France.


DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (France) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 206 of 217
Sector (Restaurants) 4 of 4
Type (Add-on Acquisition) 63 of 67
Country (France) 55 of 58
Year (2020) 5 of 5
Size (of disclosed) 72 of 73
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-25 American Stock Transfer & Trust

Brooklyn, New York, United States

American Stock Transfer & Trust Co. LLC (AST) is a full-service, tech-enabled professional services firm that helps companies and shareholders across North America maintain momentum through the use of secure corporate data, analytics, advisory services, and a strategic approach to every interaction. AST was established in 1971 and is based in Brooklyn, New York.

Sell $165M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-20 Brighton Institute

London, United Kingdom

Brighton Institute is a provider of modern music further and higher education. It offers a broad range of qualifications in Modern Music, with courses delivered by tutors who are active professional musicians. Brighton Institute was established in 2001 and is based in London, United Kingdom.

Buy -
SELLER

Trail Capital

Paris, France

Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 750M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Trail Capital is a private equity firm focused on small to medium-sized French companies. Trail looks to make control equity investments and seeks to commit €20 to €50 million per transaction. The Firm is a 'hands on' investor and looks to work alongside management in building companies. Trail Capital was formed in 2007 and has offices in Paris, Beijing, and Luxembourg.


DEAL STATS #
Overall 15 of 18
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 3 of 4
Country (France) 15 of 18
Year (2020) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-17 APM

L’Hercule à Monaco, Monaco

APM is a contemporary jewellery brand, synonymous with the chic of Monaco and South of France lifestyle. The brand originated in Monaco and successfully grew a global footprint with a significant presence in Asia. APM was founded in 1982 and is based in Monaco.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 zooplus

Munich, Germany

zooplus is an online retailer of pet products in 24 European countries particularly pet food and accessories for all important types of pets. zooplus was founded in 1999 and is based in Munich, Germany.

Buy -