M&A Deal Summary

Cobalt Capital SAS Acquires Mertz SAS

On September 5, 2011, private equity firm Cobalt Capital SAS acquired transportation company Mertz SAS from Argos Wityu for 50M EUR

Acquisition Highlights
  • This is Cobalt Capital SAS’s 1st transaction in the Transportation sector.
  • This is Cobalt Capital SAS’s largest (disclosed) transaction.
  • This is Cobalt Capital SAS’s 13th transaction in France.

M&A Deal Summary

Date 2011-09-05
Target Mertz SAS
Sector Transportation
Buyer(s) Cobalt Capital SAS
Sellers(s) Argos Wityu
Deal Type Secondary Buyout
Deal Value 50M EUR

Target

Mertz SAS

Pont L'Evêque, France
The Mertz Group is a family-owned business founded in 1944 and currently run by the second generation specialising in the road transport of shipping containers and the road transport of dangerous products, mainly active in the Western part of France.

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Buyer(S) 1

Buyer

Cobalt Capital SAS

Paris, France

Category Private Equity Firm
Founded 2004
PE ASSETS 150M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Cobalt Capital SAS is a private equity firm specializing in middle market Leverage buyouts in France. The Firm invests €7 - €30 million of equity per transaction and in conjunction with co-investors can invest up to larger transactions. Prospective businesses typically generate revenues of between €20 - €300 million. It prefers to be the lead investor and take controlling position in its portfolio companies. Specific areas of interest include leisure, consumer goods, business services and general industrials. Cobalt Capital SAS was a spun out of Legal and General Ventures (LGV) and became independent in 2004. Cobalt Capital SAS is based in Paris.


DEAL STATS #
Overall 14 of 15
Sector: Transportation M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 4
Country: France M&A 13 of 14
Year: 2011 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Gentleman Farmer SA

France

Gentleman Farmer is a French menswear designer and retailer, set up in 1989 by Franck Zeitoun, ex-designer for Daniel Hechter and Yves-Saint-Laurent. Collections develop two lines of products, casual and city, intended for men aged above thirty. The brand is mostly distributed through multi-brand retailers and corners in major high street department stores such as Galeries Lafayette.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-16 Eurodommages

Bruges, France

Eurodommages is a wholesale broker specializing mostly in non-standard vehicle risk insurance. The company designs underwrite and manage insurance contracts for SMEs (fleet), higher risk, and young drivers, backed by prime insurance and re-insurance companies. Eurodommages was founded in 1995 and is based in Bruges, France.

Buy -

Seller(S) 1

SELLER

Argos Wityu

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Argos Soditic is a private equity firm that seeks majority or minority investments in small to medium sized companies headquartered throughout Europe. Argos Soditic will consider investments in public or private companies generating revenue of €20 to €600 million. The Firm's target investment size is €10 to €100 million. Funds are typically used to support management buyouts/buy-ins, divestitures, and growth capital needs. Argos Soditic is a generalist investor with interest in aerospace, manufacturing, distribution, business services, chemicals, marketing, industrial products, packaging, staffing, medical products, and healthcare services. Argos Soditic was formed in 1989 and is headquartered in Paris.


DEAL STATS #
Overall 16 of 41
Sector: Transportation M&A 1 of 1
Type: Secondary Buyout M&A Deals 9 of 20
Country: France M&A 9 of 26
Year: 2011 M&A 2 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-17 Sapore di Mare

Corridonia, Italy

Sapore di Mare is a specialized Italian retail chain offering a wide range of frozen and fresh seafood products. Sapore di Mare was founded in 1992 and is based in Corridonia, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-21 Sitour merchandising

Argenteuil, France

Sitour merchandising is a provider of linear equipment is composed of three product families: merchandising solutions and organization of the radius, the labeling media and dressing tools and linear dramatization.

Sell -