M&A Deal Summary

CleanLease Acquires Fortex BV

On June 7, 2005, CleanLease acquired consumer services company Fortex BV from IK Partners

Acquisition Highlights
  • This is CleanLease’s 1st transaction in the Consumer Services sector.
  • This is CleanLease’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2005-06-07
Target Fortex BV
Sector Consumer Services
Buyer(s) CleanLease
Sellers(s) IK Partners
Deal Type Add-on Acquisition

Target

Fortex BV

Netherlands
Fortex BV is a provider of laundry services.

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Buyer(S) 1

Buyer

CleanLease

Koudekerk aan den Rijn, Netherlands

Category Company
Founded 1910
Sector Apparel/Textiles
DESCRIPTION

CleanLease is a provider of textile rental and industrial laundry services in the Benelux countries. CleanLease was formed in 1910 and is based in Koudekerk aan den Rijn, Netherlands.


DEAL STATS #
Overall 1 of 2
Sector: Consumer Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Netherlands M&A 1 of 1
Year: 2005 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-16 Initial Hospital Services

United Kingdom

Initial Hospital Services Ltd is a provider of cleaning services.

Buy -

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

IK Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The Firm looks to commit €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.


DEAL STATS #
Overall 30 of 122
Sector: Consumer Services M&A 1 of 4
Type: Add-on Acquisition M&A Deals 13 of 44
Country: Netherlands M&A 2 of 10
Year: 2005 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-24 Suomen Lähikauppa Oy

Helsinki, Finland

Suomen Lähikauppa (SLK) is the largest grocery store operator with two national retail chains: Siwa and Valintatalo.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-09 SIA

Le Pre-Saint-Gervais, France

SIA produces a wide range of products such as artificial plants and flowers, vases, table decorations, furniture, lamps, bed and table linen, candles and candlesticks, home fragrances, kitchen accessories and a range of bathroom products. SIA was founded in 1963 and is based in Le Pre-Saint-Gervais, France.

Buy -