M&A Deal Summary

The Carlyle Group and CDIB Capital International Acquire Coates Hire

On October 3, 2007, private equity firms The Carlyle Group and CDIB Capital International acquired business services company Coates Hire for 2.2B USD

Acquisition Highlights
  • This is The Carlyle Group’s 12th and CDIB Capital International’s 1st transaction in the Business Services sector.
  • This is The Carlyle Group’s 35th and CDIB Capital International’s largest (disclosed) transaction.
  • This is The Carlyle Group’s 2nd and CDIB Capital International’s 1st transaction in Australia.
Investment Fate
  • Coates Hire was sold to a publicly-traded strategic buyer in 2017.

M&A Deal Summary
Date 2007-10-03
Target Coates Hire
Sector Business Services
Buyer(s) The Carlyle Group
CDIB Capital International
Deal Type Going Private
Deal Value 2.2B USD

Target

Coates Hire

Mascot, Australia
Coates Hire is Australia’s largest equipment hire company with 120 years of experience, supplying to a wide variety of markets including Engineering Civil Construction, Building Construction and Maintenance, Mining and Resources, Manufacturing, Government, Industrial Shutdowns and Events.

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Buyer(S) 2

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 298 of 742
Sector (Business Services) 12 of 34
Type (Going Private) 10 of 35
Country (Australia) 2 of 7
Year (2007) 38 of 52
Size (of disclosed) 35 of 136
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 Liquid Engines

Sunnyvale, California, United States

Liquid Engines, Inc. provides software and services to large, multi-jurisdictional and multi-national corporate taxpayers that analyze and optimize cash and tax effects of corporate transactions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-08 Arabela

Toluca, Mexico

Arabela is an operator of a door-to-door retailer of assorted beauty and personal-care products that sells fragrances, beauty, personal care products, home goods, and novelty items in Mexico. Arabela was founded in 1991 and is based in Toluca, Mexico.

Buy -
Buyer

CDIB Capital International

Hong Kong, China

Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CDIB Capital International Corp. is the overseas investment arm of China Development Financial. CDIB makes direct investments in Asian private equity, private debt and special situations opportunities. The Firm's private equity group looks to invest $20 to $75 million in companies serving large markets, with proven management focused on 'sustainable growth' and profitability. CDIB primarily makes growth investments, but will also consider middle-market buyouts, recapitalizations, corporate divestitures, and mid-to-late stage venture capital transactions. CDIB is based in Hong Kong with additional offices in Taipei, Shanghai, Seoul and San Francisco.

DEAL STATS #
Overall 6 of 16
Sector (Business Services) 1 of 2
Type (Going Private) 1 of 1
Country (Australia) 1 of 1
Year (2007) 3 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-26 HDFC Bank

Mumbai, India

HDFC Bank is a premier private sector banks. The bank’s founding sponsor is the Housing Development Finance Corporation, India’s leading mortgage lender with an outstanding franchise among consumers in India’s financial services sector. HDFC Bank offers a wide range of commercial and transactional banking services and treasury products to wholesale and retail customers. HDFC Bank was founded in 1994 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 WeMade Entertainment

Gyenggi-do, South Korea

WeMade is a leading developer and publisher of online games in Korea, and its game “ Legend of Mir 2” accounts for over two-thirds of Shanda’s (China-based NASDAQ listed online gaming company) total revenue.

Buy -
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