M&A Deal Summary

Chequers Capital and Paragon Partners Acquire 7days

On November 26, 2020, private equity firms Chequers Capital and Paragon Partners acquired apparel/textiles company 7days from Silverfleet Capital

Acquisition Highlights
  • This is Chequers Capital’s 2nd and Paragon Partners’ 1st transaction in the Apparel/Textiles sector.
  • This is Chequers Capital’s 5th and Paragon Partners’ 23rd transaction in Germany.

M&A Deal Summary
Date 2020-11-26
Target 7days
Sector Apparel/Textiles
Buyer(s) Chequers Capital
Paragon Partners
Sellers(s) Silverfleet Capital
Deal Type Secondary Buyout

Target

7days

Lotte, Germany
7days is a supplier of modern and innovative workwear for medical professions. 7days designs, produces and distributes a wide range of high-quality workwear, from tunics to lab coats, for more than 300,000 customers in the healthcare sector in twelve countries, including Germany, Austria, Switzerland, France, Belgium, the Netherlands and Scandinavia. 7days has a vertically integrated business model with diversified supply chains and distributes its products through a fully integrated multi-channel distribution platform, including both catalog marketing and e-commerce channels. 7days was founded in 1999 and is based in Lotte, Germany.

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Buyer(S) 2

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 seeks 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.

DEAL STATS #
Overall 28 of 38
Sector (Apparel/Textiles) 2 of 2
Type (Secondary Buyout) 15 of 19
Country (Germany) 5 of 7
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-17 Jiliti

Rungis, France

Jiliti mainly offers maintenance services for IT infrastructure and datacenters to French corporate clients, ranging from mid-sized companies to large accounts. The company also offers design and integration services of IT infrastructure and datacenters. Jiliti is based in Rungis, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-09 Alliance Etiquettes

Bordeaux, France

Alliance Etiquettes is a French company specialized in the design and production of premium labels for the wine, spirits, agri-food, and cosmetic market. Alliance Etiquettes is based in Bordeaux, France.

Buy -
Buyer

Paragon Partners

Munich, Germany

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Paragon Partners is an independent private equity group focused on investments within German speaking Europe (Germany, Austria, Switzerland). The Firm does not have any sector preferences, generally targeting profitable companies (EBIT of €5 to €70 million) with attractive business models and 'outstanding' management. Paragon Partners was formed in 2004 and is based in Munich.

DEAL STATS #
Overall 30 of 33
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 8 of 9
Country (Germany) 23 of 26
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-04 WEKA Group

Kissing, Germany

WEKA Group is a media company that provides business information, advanced vocational training and communication services in the DACH region and France. WEKA’s media-neutral content is distributed via digital, print and face-to-face formats and reaches highly diversified niche markets across all industries (e.g. occupational safety, hazardous goods, law and taxation, dentistry). WEKA Group is based in Kissing, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 NovumIP

Amsterdam, Netherlands

Novum IP GmbH & Co. KG is a provider of legal and consulting, IP administration, and technology-led services. Novum IP is based in Amsterdam, Netherlands.

Sell -

Seller(S) 1

SELLER

Silverfleet Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 2.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Silverfleet Capital is an independent private equity firm that invests in market leading businesses in growing sectors. Silverfleet looks to acquire companies headquartered in Western Europe or US-based businesses with a substantial European presence. Target companies are typically valued between €75 and €500 million and operate in sectors spanning business and financial services, healthcare, leisure, and retail/consumer. Silverfleet Capital was formerly known as PPM Capital, operating under Prudential plc. Silverfleet has offices in London, Paris, Munich, and Chicago.

DEAL STATS #
Overall 33 of 42
Sector (Apparel/Textiles) 2 of 2
Type (Secondary Buyout) 19 of 24
Country (Germany) 7 of 9
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-14 Masai Clothing

Copenhagen, Denmark

Masai Clothing is a wholesaler and retailer of women’s fashion, with a global presence as a result of its established distribution platform. Masai is based in Copenhagen, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-22 DIGITALL Nature

Frankfurt am Main, Germany

DIGITALL Nature is a digital transformation company whose offerings include the enablement of digital solutions, cybersecurity solutions, cloud migration, and managed services, as well as technology services. DIGITALL Nature was founded in 2010 and is based in Frankfurt am Main, Germany.

Buy -
Mergr

Product

Company

Legal