Secondary Buyout • Financial Services

CVC Capital Partners Acquires Hermes

On January 8, 2020, private equity firm CVC Capital Partners acquired financial services company Hermes from The Carlyle Group

Acquisition Context
  • This is CVC Capital Partners’ 15th transaction in the Financial Services sector.
  • This is CVC Capital Partners’ 1st transaction in Peru.

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M&A Deal Summary

Date January 8, 2020
Target Hermes
Sector Financial Services
Buyer(s) CVC Capital Partners
Sellers(s) The Carlyle Group
Deal Type Secondary Buyout

Target Company

Hermes

Lima, Peru
Hermes is a provider of cash management services with a nationwide network of 18 branches, 228 armored vehicles. Hermes offers logistics, cash processing, and custody services to a blue-chip client base comprised of more than 1,000 active clients in the financial, retail, utilities and mining segments. Hermes is a mission-critical partner to the largest financial institutions and retail organizations in Peru. Hermes was founded in 1985 and is based in Lima, Peru.
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Buyer Overview 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


Deal Context for Buyer #
Overall 250 of 329
Sector: Financial Services 15 of 17
Type: Secondary Buyout 53 of 78
Country: Peru 1 of 1
Year: 2020 1 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-12 WebPros

Luxembourg, Luxembourg

WebPros is a provider of critical automation and security tools to hosting providers, web agencies and their customers. WebPros was formed through the combination of cPanel and Plesk, the two leading solutions to automate and simplify the management and administration of web servers for hosting providers and web professionals. WebPros is based in Luxembourg.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-16 D-Marin

Istanbul, Turkey

D-Marin is an international operator of premium yacht marinas in Croatia, Greece, Montenegro, Turkey and the UAE, with several new locations identified across its current geographical footprint and beyond. D-Marin was founded in 2003 and is based in Istanbul, Turkey.

Buy -

Seller Profile 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


Deal Context for Seller #
Overall 385 of 490
Sector: Financial Services 30 of 35
Type: Secondary Buyout 84 of 119
Country: Peru 1 of 1
Year: 2020 3 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 Sundyne

Arvada, Colorado, United States

Sundyne is a manufacturer of precision-engineered, highly reliable, safe, and efficient centrifugal pumps and compressors for use in the hydrocarbon processing, chemical processing, power generation, industrial, and high-pressure water applications. Sundyne was established in 1970 and is based in Arvada, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 PPD

Wilmington, North Carolina, United States

PPD is a global contract research organization providing drug discovery, development, and lifecycle management services. Its clients and partners primarily include pharmaceutical and biotechnology companies, in addition to medical device companies, academic institutions, and government organizations. With offices in 44 countries and more than 11,000 professionals worldwide, PPDI applies innovative technologies, therapeutic expertise, and a commitment to quality to help clients and partners accelerate the delivery of safe and effective therapeutics and maximize the returns on their R&D investments. PPD was founded in 1985 and is based in Wilmington, North Carolina.

Sell -