M&A Deal Summary

CBPE Capital Acquires Compre

On February 2, 2015, private equity firm CBPE Capital acquired business services company Compre from Blackstreet Capital Management

Acquisition Highlights
  • This is CBPE Capital’s 6th transaction in the Business Services sector.
  • This is CBPE Capital’s 2nd transaction in Bermuda.
Investment Fate
  • Compre was sold to a consortium of financial buyers in 2020.

M&A Deal Summary

Date 2015-02-02
Target Compre
Sector Business Services
Buyer(s) CBPE Capital
Sellers(s) Blackstreet Capital Management
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)

Target

Compre

Hamilton, Bermuda
Compre is a global consolidator of closed books of non-life insurance policies. Compre is focused on the acquisition and management of discontinued (also known as ‘run-off’) non-life insurance portfolios and has operations in the UK, Bermuda, Finland, Germany, Malta, and Switzerland. Compre was founded in 1991 and is based in Hamilton, Bermuda.

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Buyer(S) 1

Buyer

CBPE Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 1.3B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

CBPE Capital is a private equity firm that seeks investments in mid-sized UK-based businesses. CBPE focuses on transactions valued at between £25 million and £150 million and will consider opportunities in a variety of industries. Sectors of interest include support services (inspection testing, training/education, oil/gas services, business process outsourcing, IT, environmental services, utility services); transportation/distribution (transport infrastructure, transport services, wholesale and distribution); consumer (food/beverage, household products, media, retail); industrial (chemicals, building products, electronics/engineering, paper, packaging, aerospace/defense, automotive, capital goods); healthcare (pharmaceuticals, medical products, diagnostics); and leisure (restaurants, gaming, holiday parks, cinemas, hotels). CBPE Capital was formed in 1984 and is based in London, United Kingdom.


DEAL STATS #
Overall 34 of 63
Sector: Business Services M&A 6 of 10
Type: Secondary Buyout M&A Deals 5 of 9
Country: Bermuda M&A 2 of 2
Year: 2015 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-31 Warwick International

Flintshire, United Kingdom

Warwick consists of two separate businesses, a speciality chemical manufacturer and a broad network of niche chemical distributors based across Europe and Asia. The chemical manufacturing business is the global market leader in the production of bleach activators used in the laundry detergents market. The distribution business supplies a broad range of products used in markets including, construction, industrials, polymer, refinery, refracting and personal care.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-08 sofa.com

London, United Kingdom

Sofa.com makes and sells personalised beds, sofas and armchairs.

Buy -

Seller(S) 1

SELLER

Blackstreet Capital Management

Chevy Chase, Maryland, United States

Category Private Equity Firm
Founded 2003
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Blackstreet Capital is a private equity firm focused on control buyouts of under-performing corporate orphans with $25 to $150 million in revenue. Industries of interest include niche manufacturing, distribution, specialty retail, education and training, healthcare services and devices, and restaurants. Blackstreet invests up to $15 million of equity capital in businesses valued up to $75 million. Blackstreet's average holding period is three to five years. Blackstreet Capital(formerly Milestone Capital Management was founded in 2003 and is based in Bethesda, Maryland.


DEAL STATS #
Overall 19 of 26
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 5
Country: Bermuda M&A 1 of 1
Year: 2015 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-11 Debt Line

Bournemouth, United Kingdom

Debt Line is a debt management sector, administrating Debt Management Plans ("DMP's") for 20,000 clients. DMP's are agreements between an individual and their creditors that restructure the individuals existing debt and allow for more manageable monthly repayments. Debt Line was founded in 2006 and is based in Bournemouth, United Kingdom.

Sell £3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-14 AWE Learning

Chester, Pennsylvania, United States

AWE Learning is a provider of digital learning solutions for young children. AWE Learning was founded in 1994 and is based in Chester, Pennsylvania.

Buy -