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M&A Deal Summary

Cinven Acquires JLA

On May 14, 2018, private equity firm Cinven acquired machinery company JLA from HgCapital

Acquisition Highlights
  • This is Cinven’s 4th transaction in the Machinery sector.
  • This is Cinven’s 83rd transaction in the United Kingdom.

M&A Deal Summary
Date 2018-05-14
Target JLA
Sector Machinery
Buyer(s) Cinven
Sellers(s) HgCapital
Deal Type Secondary Buyout

Target

JLA

Ripponden, United Kingdom
JLA provides commercial laundry, catering and heating solutions to more than 25,000 small and medium-sized enterprise (‘SME’) customers. JLA offers a unique ‘Total Care’ proposition, which combines equipment supply with guaranteed service response times for a contracted monthly fee, providing peace of mind and value for money to a range of customers including care homes, hotels, education providers and housing associations. JLA was established in 1973 and is based in Ripponden, United Kingdom.

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Buyer(S) 1

Buyer

Cinven

London, United Kingdom

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 154 of 184
Sector: Machinery M&A 4 of 5
Type: Secondary Buyout M&A Deals 40 of 56
Country: United Kingdom M&A 83 of 87
Year: 2018 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-26 PPF

Budaörs, Hungary

Partner in Pet Food (PPF) is a pet food manufacturer with nine manufacturing operations across Europe. PPF supplies pet food to more than 250 customers in Europe, including traditional retailers, discounters, speciality pet retailers and online specialists. Its product range covers the main categories of dog and cat food including wet and dry food including single serve products. Partner in Pet Food was founded in 1999 and is based in Budaörs, Hungary.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-12 Envirotainer

Sollentuna, Sweden

Envirotainer is a provider of temperature-controlled air cargo containers. Envirotainer designs, manufactures, and leases active temperature-controlled containers used primarily for air freighting biopharma products, transporting up to two million doses of medicine per day. Envirotainer serves around 600 pharmaceutical companies worldwide, including many of the blue-chip global biopharma companies and operates from regional centres in Stockholm, Frankfurt, Dallas and Singapore, with a portfolio of around 5,800 leased containers globally. Envirotainer was founded in 1996 and is based in Sollentuna, Sweden.

Buy -

Seller(S) 1

SELLER

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.

DEAL STATS #
Overall 63 of 93
Sector: Machinery M&A 2 of 2
Type: Secondary Buyout M&A Deals 23 of 34
Country: United Kingdom M&A 34 of 47
Year: 2018 M&A 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-10 MEDIFOX DAN

Hildesheim, Germany

MEDIFOX DAN is a provider of software solutions to outpatient and inpatient care providers and therapy practices. The Company specializes in the development of innovative software solutions and services for professional and non-professional care, therapeutic practices and child, family, and youth welfare facilities. MEDIFOX DAN was established in 1994 and is based in Hildesheim, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-06 IntelliFlo

Kingston, United Kingdom

IntelliFlo provides a comprehensive front-to-back office technology platform for financial advisers and their support teams. The business currently supports 19,000 investment professionals who manage in excess of £300bn of assets on behalf of more than 10.5 million end clients. Intelliflo sells to approximately 2,000 firms, including Legal & General, Nationwide Building Society and SimplyBiz. IntelliFlo was founded in 2004 and is based in Kingston, London.

Sell -
Mergr

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