M&A Deal Summary

Chequers Capital Acquires idverde

On January 15, 2014, private equity firm Chequers Capital acquired business services company idverde from Livingbridge

Acquisition Highlights
  • This is Chequers Capital’s 2nd transaction in the Business Services sector.
  • This is Chequers Capital’s 1st transaction in Luxembourg.
Investment Fate
  • idverde was sold to a consortium of financial buyers in 2018.

M&A Deal Summary

Date 2014-01-15
Target idverde
Sector Business Services
Buyer(s) Chequers Capital
Sellers(s) Livingbridge
Deal Type Secondary Buyout

Target

idverde

Luxembourg, Luxembourg
Idverde specializes in the creation and maintenance of green spaces, providing services for municipalities and private clients. idverde is based in Luxembourg, Luxembourg.

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Buyer(S) 1

Buyer

Chequers Capital

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Chequers Capital is a private equity group focused on acquiring and developing small, medium, and large-sized companies in partnership with management. Chequers primarily seek opportunities in France, Germany, Italy, Benelux, Switzerland, and Spain. The Firm looks to commit €40 to €150 million per investment in transactions valued between €80 and €500 million. Sectors of interest broadly include all areas of industrial, distribution, and services. Target transaction situations include turnarounds, recapitalizations, buyouts, and divestitures. Chequers Capital was formed in 1972 and is based in Paris, France.


DEAL STATS #
Overall 15 of 38
Sector: Business Services M&A 2 of 3
Type: Secondary Buyout M&A Deals 7 of 19
Country: Luxembourg M&A 1 of 1
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-18 Rollon

Milan, Italy

Rollon S.p.A. is a manufacturer of linear guide systems for industrial automation; with various applications notably in robotics, logistics, medical equipment and air or rail transport. Company developed in the field of medium precision linear guide applications, producing components or systems customised to suit the needs of more than 5,000 industrial clients. The company started expanding directly outside of Italy from 1991 and has since built a direct presence in Europe and the US.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-18 DTK Deutsche Telekabel

Berlin, Germany

DTK Deutsche Telekabel is an independent network infrastructure providers in Germany that operates and builds interactive broadband cable systems. In addition to radio and television services, the firm also provides high-speed internet, telephone services and mobile communications products. DTK Deutsche Telekabel is based in Berlin, Germany.

Sell -

Seller(S) 1

SELLER

Livingbridge

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 3.8B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Livingbridge is a UK-based investment group focused on investing in and growing mid-sized companies. The Firm targets businesses seeking £15 to £300 million of capital. Prospective companies should have 'ambitious mangement', scalable business models, and potential for market leadership. Sectors of interest include technology, media, communications, consumer products/services, healthcare, and education. Livingbridge was formed in 1995 and is based in London.


DEAL STATS #
Overall 44 of 102
Sector: Business Services M&A 10 of 22
Type: Secondary Buyout M&A Deals 15 of 44
Country: Luxembourg M&A 1 of 1
Year: 2014 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-14 Kingsbridge Risk Solutions

Liverpool, United Kingdom

Kingsbridge Risk Solutions Ltd. is a provider of insurance services that are tailored to meet the needs of contractors, freelancers and independent professionals, as well as the compliance requirements of partners including recruiters and accountants. Working in conjunction with its strong partner network, Kingsbridge covers the broadest range of industry sectors in its market, including aerospace, banking and finance, rail, automotive, nuclear, oil and gas and information technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-31 Team ITG

Birmingham, United Kingdom

Team ITG is a marketing services and technology business that helps major brands and retailers improve the efficiency, speed, cost and control of their marketing operations. Team ITG was founded in 2009 and is based in Birmingham, England.

Sell £28M