M&A Deal Summary

Cinven Acquires Tractel

On July 31, 2015, private equity firm Cinven acquired machinery company Tractel from LBO France and Intermediate Capital Group

Acquisition Highlights
  • This is Cinven’s 3rd transaction in the Machinery sector.
  • This is Cinven’s 1st transaction in Luxembourg.
Investment Fate
  • Tractel was sold to a publicly-traded strategic buyer in 2022 for 500M EUR.

M&A Deal Summary

Date 2015-07-31
Target Tractel
Sector Machinery
Buyer(s) Cinven
Sellers(s) LBO France
Intermediate Capital Group
Deal Type Secondary Buyout

Target

Tractel

Foetz, Luxembourg
Tractel provides lifting and access-related products. This includes lifting, material handling, measurement of tension and loads, suspended working platforms, building maintenance installations and fall arrest safety equipment. Tractel was founded in 1941 and is based in Foetz, Luxembourg.

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Buyer(S) 1

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 140 of 185
Sector: Machinery M&A 3 of 5
Type: Secondary Buyout M&A Deals 31 of 57
Country: Luxembourg M&A 1 of 2
Year: 2015 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-25 Labco

Paris, France

Labco is a provider of medical diagnostic services. Labco also operates a large portfolio of hospital outsourcing contracts in Europe, providing services to both ambulatory care and hospitals. Labco was founded in 2003 and is based in Paris, 75010, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-08 Amdipharm Mercury Co. - AMCo.

Croydon, United Kingdom

Amdipharm Mercury (AMCo) is an international speciality pharmaceuticals company delivering high quality medicines with a customer focus in 112 territories.

Sell $3.5B

Seller(S) 2

SELLER

LBO France

Paris, France

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1985
PE ASSETS 5.4B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

LBO France is an independent private equity group focused on acquiring majority stakes in French firms, or companies with French management. LBO France manages several funds, each targeting different types of businesses. The Firm's mid-market fund looks to acquire majority or minority stakes in companies valued from €100 million to €2.5 billion. The mid-market fund generally looks at companies with predictable sales, profits and cash flow, but will also consider businesses with under-utilized assets. LBO France's small cap fund targets majority stakes in smaller, profitable businesses valued from €10 to €100 million, with strong potential for growth or consolidation. In addition to its equity funds, LBO France also invests in real estate and provides LBO loans issued by medium-sized European companies (enterprise value between €150m and €2bn). LBO France was formed in 1985 and is based in Paris.


DEAL STATS #
Overall 34 of 58
Sector: Machinery M&A 2 of 3
Type: Secondary Buyout M&A Deals 21 of 33
Country: Luxembourg M&A 4 of 4
Year: 2015 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 Flash Europe International

Luxembourg, Luxembourg

Flash Europe International specialises in organisation of urgent, custom deliveries. Flash Europe International was founded in 1981 and is based in Luxembourg,

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Kayentis

Meylan, France

Kayentis is a global provider of eCOA and decentralized clinical trials solutions. Kayentis was founded in 2003 and is based in Meylan, France.

Buy -
SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 160 of 225
Sector: Machinery M&A 4 of 5
Type: Secondary Buyout M&A Deals 59 of 86
Country: Luxembourg M&A 3 of 3
Year: 2015 M&A 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-24 La Toulousaine

Escalquens, France

La Toulousaine is a designer and manufacturer of roller blinds, grilles and shutters, gates and sectional doors. La Toulousaine was founded in 1975 and is based in Escalquens, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-30 Quorn Foods

Westport, Connecticut, United States

Quorn Foods trades under the brands Quorn and Cauldron. Quorn is a UK market leader in meat-alternative foods and is one of the largest meat-alternative brands in the world.

Sell £550M