M&A Deal Summary

Cinven and CVC Capital Partners Acquire Luxfer Group

On August 1, 1996, private equity firms Cinven and CVC Capital Partners acquired manufacturer Luxfer Group

Acquisition Highlights
  • This is Cinven’s 3rd and CVC Capital Partners’ 2nd transaction in the Manufacturing sector.
  • This is Cinven’s 50th and CVC Capital Partners’ 14th transaction in the United Kingdom.

M&A Deal Summary

Date 1996-08-01
Target Luxfer Group
Sector Manufacturing
Buyer(s) Cinven
CVC Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Luxfer Group

Salford, United Kingdom
Luxfer (Formerly British Aluminium) is a manufacturer of light metals, producing advanced alloys of magnesium and aluminium; components in aluminium, magnesium and carbon composites; and chemically-derived compounds of zirconium.

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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 67 of 186
Sector: Manufacturing M&A 3 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 55 of 77
Country: United Kingdom M&A 50 of 88
Year: 1996 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-08-01 British Bus

Business Park, United Kingdom

British Bus was one of the three largest bus operators in the UK, following the privatisation and restructuring which reshaped the industry in the early 1990s.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-12-01 Lavendon Group

Lutterworth, United Kingdom

Lavendon Group Plc is a provider of rental powered access equipment in European and Middle East market. Company provide enables users to work safely, productively and comfortably at height, whatever the application. From depots in Bahrain, Belgium, France, Germany, Kuwait, Oman, Qatar, Saudi Arabia, the UK and the United Arab Emirates, we manage a fleet of over 21,000 access platform units.

Sell -
Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 21 of 329
Sector: Manufacturing M&A 2 of 13
Type: Buyout (LBO, MBO, MBI) M&A Deals 19 of 122
Country: United Kingdom M&A 14 of 61
Year: 1996 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-06-19 The Magic Pub Co.

Suffolk, United Kingdom

The Magic Pub Company Pub operated the 286 pubs in the southern half of England. The estate comprised well-sited properties which had been neglected in previous years in terms of both upkeep and management.

Sell $304M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-12-01 Shearings Holidays

Wigan, United Kingdom

Shearings Holidays Ltd. is a specialising in escorted tours and operation of resort hotels. Shearings operates a fleet of 250 coaches and a chain of 50 resort hotels.

Buy -