M&A Deal Summary

Core Equity Holdings Acquires idverde

On March 1, 2018, private equity firm Core Equity Holdings acquired business services company idverde from Chequers Capital

Acquisition Highlights
  • This is Core Equity Holdings’ 1st transaction in the Business Services sector.
  • This is Core Equity Holdings’ 1st transaction in Luxembourg.

M&A Deal Summary

Date 2018-03-01
Target idverde
Sector Business Services
Buyer(s) Core Equity Holdings
Sellers(s) Chequers Capital
Deal Type Secondary Buyout

Target

idverde

Luxembourg, Luxembourg
Idverde specializes in the creation and maintenance of green spaces, providing services for municipalities and private clients. idverde is based in Luxembourg, Luxembourg.

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Buyer(S) 1

Buyer

Core Equity Holdings

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2015
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Core Equity Holdings is a private equity firm focused on long-term investments in environmental services, healthcare services, and beauty platforms across Europe. Employing a buy and build strategy, the Firm invests substantial capital—typically between €200 and €500?million per platform—to grow and scale market-leading companies. Core Equity Holdings was founded in 2015 and is headquartered in Brussels, Belgium.


DEAL STATS #
Overall 1 of 3
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Luxembourg M&A 1 of 1
Year: 2018 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-28 Portman Dental Care

Cheltenham, United Kingdom

Portman Dental Care is a dental group providing private and NHS dental services through a nationwide network of practices. The company offers general, cosmetic, and specialist treatments with a focus on patient-centered care and clinical excellence. Portman Dental Care was founded in 2009 and is based in Cheltenham, United Kingdom.

Buy -

Seller(S) 1

SELLER

Chequers Capital

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Chequers Capital is a private equity group focused on acquiring and developing small, medium, and large-sized companies in partnership with management. Chequers primarily seek opportunities in France, Germany, Italy, Benelux, Switzerland, and Spain. The Firm looks to commit €40 to €150 million per investment in transactions valued between €80 and €500 million. Sectors of interest broadly include all areas of industrial, distribution, and services. Target transaction situations include turnarounds, recapitalizations, buyouts, and divestitures. Chequers Capital was formed in 1972 and is based in Paris, France.


DEAL STATS #
Overall 12 of 25
Sector: Business Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 10 of 17
Country: Luxembourg M&A 2 of 2
Year: 2018 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-26 EMVIA Living

Hamburg, Germany

EMVIA Living is a operator of care homes in Germany. In addition to its core business (inpatient nursing homes), the group also offers outpatient home care on a case-by-case basis. EMVIA Living is based in Hamburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-02 SERMA Group

Cedex, France

SERMA Group offers an independent, international one-stop-shop for services in electronics. Specialized in electronic technologies for high stress environment, the group has developed around its culture of technical excellence and its in-house network of experts. Throughout the electronics life cycle, SERMA GROUP provides global offers around 4 major themes. Technologies and process (analysis, test and expertise) - System security (consulting and rating “CESTI”, certified ANSSI) - Embedded system engineering (design, development, qualification, production and maintenance) - Microelectronics (design and industrialization of embedded systems, thick layer ceramic, ceramic assembly) 900 engineers and technicians are the strength of the Group operating with 10 industrial sites in France and Germany to serve its clients: aeronautics, automotive and transport, industry, space, energy and medical. SERMA Group was founded in 1991 and is based in Cedex, France.

Buy -