M&A Deal Summary

Court Square Capital Partners Acquires Auto Europe Group

On December 1, 2006, private equity firm Court Square Capital Partners acquired consumer services company Auto Europe Group from TowerBrook Capital Partners

Acquisition Highlights
  • This is Court Square Capital Partners’ 1st transaction in the Consumer Services sector.
  • This is Court Square Capital Partners’ 9th transaction in the United States.
  • This is Court Square Capital Partners’ 1st transaction in Maine.

M&A Deal Summary

Date 2006-12-01
Target Auto Europe Group
Sector Consumer Services
Buyer(s) Court Square Capital Partners
Sellers(s) TowerBrook Capital Partners
Deal Type Secondary Buyout

Target

Auto Europe Group

Portland, Maine, United States
Auto Europe Group is a global distributor of leisure car rental services. Auto Europe operates three primary business units: Auto Europe - North America, which brokers car rentals for outbound North American travelers to Europe under the Auto Europe and Kemwel brands; Auto Europe - Europe, which brokers car rentals for intra-Europe travelers; and DriveAway Holidays, which brokers car rentals for outbound Australian travelers to Europe. Auto Europe Group was founded in 1954 and is based in Portland, Maine.

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Buyer(S) 1

Buyer

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.


DEAL STATS #
Overall 12 of 67
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 1 of 31
State (Maine) 1 of 1
Country (United States) 9 of 64
Year (2006) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-12 Western Dental

Orange, California, United States

Western Dental Services is a provider of quality, affordable dental care, and the largest dental services provider in California with over 180 general and specialty dental offices throughout California and over 20 offices in Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-07 Worldspan

Atlanta, Georgia, United States

Worldspan is a global provider of mission-critical electronic global distribution and information technology services to the travel industry, operating the second largest distribution system for travel in the United States.

Sell $1.4B

Seller(S) 1

SELLER

TowerBrook Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 17.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TowerBrook Capital Partners is a private equity firm focused on leveraged buyouts, leveraged build-ups and distressed situation investments throughout North America and Europe. TowerBrook prefers control-oriented investments and actively pursues complex situations that other firms may avoid. Target sectors include consumer services, distribution, beverages, pharmaceuticals, media, technology, communications, software, and healthcare. TowerBrook Capital Partners was established in 2001 and is headquartered in New York City.


DEAL STATS #
Overall 7 of 46
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 1 of 10
State (Maine) 1 of 1
Country (United States) 5 of 24
Year (2006) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 Autodistribution

Arcueil, France

Autodistribution is a distributor of car and heavy goods vehicle parts. Autodistribution was founded in 1962 and is based in Arcueil, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-03 Ironshore

Hamilton, Bermuda

Ironshore, Inc. is a provider of broker-sourced specialty property and casualty insurance coverages for varying risks on a global basis through its international platforms.

Buy $1.0B