Secondary Buyout • Metals/Mining

Chequers Capital Acquires Phoenix

On January 27, 2016, private equity firm Chequers Capital acquired metals/mining company Phoenix

Acquisition Context

This is Chequers Capital’s 1st transaction in the Metals/Mining sector.
This is Chequers Capital’s 2nd transaction in Italy.

Investment Fate

Phoenix was sold to a consortium of financial buyers in 2019.

Explore All 47 Secondary Buyout Metals/Mining Deals - Search the Database Free

M&A Deal Summary
Date	January 27, 2016
Target	Phoenix
Sector	Metals/Mining
Buyer(s)	Chequers Capital
Deal Type	Secondary Buyout

Target Company

Phoenix

Verdello, Italy

Phoenix engages in design, manufacturing, and sale of aluminum extrusion dies for the construction, transportation, and industrial markets. The range of dies is distinguished by technology (flat and porthole), size (150 to 1,200 mm) and the complexity of the profile to be obtained. The die is produced according to the customers' specifications. Phoenix. was founded in 1972 and is based in Verdello, Italy.

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Buyer Overview 1

Buyer

Chequers Capital

Paris, France

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 Context for Buyer	#
Overall	17 of 38
Sector: Metals/Mining	1 of 1
Type: Secondary Buyout	9 of 19
Country: Italy	2 of 8
Year: 2016	1 of 3

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2015-12-14	Spandex Dietlikon, Switzerland Spandex is a distributor of graphic media products and equipment & services to the signage and visual communication industry. The company offers advice and guidance, next day delivery, bespoke pricing, business growth incentives, product application training, and technical support. Spandex was formed in 1976 and is based in Dietlikon, Switzerland.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2015-12-14

Spandex

Dietlikon, Switzerland

Spandex is a distributor of graphic media products and equipment & services to the signage and visual communication industry. The company offers advice and guidance, next day delivery, bespoke pricing, business growth incentives, product application training, and technical support. Spandex was formed in 1976 and is based in Dietlikon, Switzerland.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2016-04-28	TCR Group Steenokkerzeel, Belgium TCR Group is a provider of GSE leasing services. TCR offers expertise in the rental and operating leasing of GSE, maintenance and ramp assistance and fleet management, which enables GSE operators to concentrate on their core business of ground handling. TCR Group was founded in 1984 and is based in Steenokkerzeel, Belgium.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2016-04-28

TCR Group

Steenokkerzeel, Belgium

TCR Group is a provider of GSE leasing services. TCR offers expertise in the rental and operating leasing of GSE, maintenance and ramp assistance and fleet management, which enables GSE operators to concentrate on their core business of ground handling. TCR Group was founded in 1984 and is based in Steenokkerzeel, Belgium.

Sell

Explore Related M&A Activity

Metals/Mining M&A - Secondary Buyout M&A Deals - Italy M&A - 2016 M&A