M&A Deal Summary

Cinven and AIMCo Acquire Alter Domus

On March 4, 2024, private equity firm Cinven and pension AIMCo acquired business services company Alter Domus from Permira

Acquisition Highlights
  • This is Cinven’s 12th and AIMCo’s 5th transaction in the Business Services sector.
  • This is Cinven’s 2nd and AIMCo’s 1st transaction in Luxembourg.

M&A Deal Summary

Date 2024-03-04
Target Alter Domus
Sector Business Services
Buyer(s) Cinven
AIMCo
Sellers(s) Permira
Deal Type Secondary Buyout

Target

Alter Domus

Luxembourg, Luxembourg
Alter Domus is a provider of fund administration and corporate services to the alternative investment industry. Alter Domus was founded in 2003 and is based in Luxembourg, Luxembourg.

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Buyer(S) 2

Buyer

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.


DEAL STATS #
Overall 182 of 185
Sector: Business Services M&A 12 of 12
Type: Secondary Buyout M&A Deals 54 of 57
Country: Luxembourg M&A 2 of 2
Year: 2024 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-14 Planasa

Valtierra, Spain

Planasa is a plant variety and nursery operator within the berry fruit category worldwide. The Group provides seeds, plants and R&D services to farmers, and fresh produce to retailers across the world. Planasa was founded in 1973 and is based in Valtierra, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-28 idealista

Madrid, Spain

idealista is an online real estate marketplace that supports approximately 40,000 real estate agents and 38 million unique monthly visitors across Southern Europe, by providing an online real estate classifieds marketplace for home buyers and sellers. idealista was formed in 2000 and is based in Madrid, Spain.

Buy €2.9B
Buyer

AIMCo

Investor Investor Investor Investor Investor


Category Pension
Founded 2008
PE ASSETS 179.6B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

AIMCo is a Canadian diversified institutional investment manager serving pension, endowment and government funds in the province of Alberta. In addition to investing in public equities, fixed income, and debt, AIMCo looks to invest in private equity, real estate, timberlands, and infrastructure. AIMCo's private equity group invests in funds and directly in companies throughout North America and Western Europe. Areas of interest include consumer, industrials, business services, financial services, technology, and healthcare. AIMCo is based in Edmonton, with additional offices in Toronto and London.


DEAL STATS #
Overall 39 of 40
Sector: Business Services M&A 5 of 5
Type: Secondary Buyout M&A Deals 14 of 15
Country: Luxembourg M&A 1 of 1
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-14 ImageFIRST

King of Prussia, Pennsylvania, United States

ImageFIRST is a linen rental and laundry service company specializing in the healthcare market throughout the U.S. ImageFIRST was founded in 1967 and is based in King of Prussia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-24 Marmic

Joplin, Missouri, United States

Marmic is a full-service fire protection company providing inspection, maintenance, repair, and installation services to commercial customers throughout the United States. Marmic was formed in 1951 and is based in Joplin, Missouri.

Buy -

Seller(S) 1

SELLER

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 80.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 92 of 97
Sector: Business Services M&A 6 of 6
Type: Secondary Buyout M&A Deals 27 of 29
Country: Luxembourg M&A 3 of 3
Year: 2024 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-15 La Piadineria

Montirone, Italy

La Piadineria offers freshly made “Piadinas”, a typical Italian product consisting of flatbreads filled with a broad variety of ingredients. La Piadineria was founded in 2000 and is based in Montirone, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-08 Universidad Europea

Madrid, Spain

Universidad Europea is a network of higher education offering undergraduate and graduate degree programs and an international, innovative education tailored to today's job market. Universidad Europea is based in Madrid, Spain.

Sell -