M&A Deal Summary

CVC Capital Partners Acquires M Group Services

On June 27, 2024, private equity firm CVC Capital Partners acquired utilities company M Group Services from PAI Partners

Acquisition Highlights
  • This is CVC Capital Partners’ 3rd transaction in the Utilities sector.
  • This is CVC Capital Partners’ 60th transaction in the United Kingdom.

M&A Deal Summary
Date 2024-06-27
Target M Group Services
Sector Utilities
Buyer(s) CVC Capital Partners
Sellers(s) PAI Partners
Deal Type Secondary Buyout

Target

M Group Services

Stevenage, United Kingdom
M Group Services is a service provider to the regulated infrastructure markets in the UK and Ireland through its utilities, transport, telecom, and data divisions. The Company operates through its subsidiaries that include Morrison Utility Services, Morrison Data Services, Dyer & Butler, Magdalene, PMP Utilities and M Group Services Plant & Fleet Solutions. M Group Services was formed in 1847 and is based in Hertfordshire, England.

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Buyer(S) 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 STATS #
Overall 321 of 323
Sector (Utilities) 3 of 3
Type (Secondary Buyout) 76 of 76
Country (United Kingdom) 60 of 60
Year (2024) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-09 Jagex

Cambridge, United Kingdom

Jagex is a video game developer and publisher focused on creating a deep and engaging living game on PC and mobile. Its flagship RuneScape and Old School RuneScape, on PC and mobile, offer ever-evolving, highly active worlds, and community-focused development ethos empowers players to have a real say in how each game is shaped. Jagex was founded in 2000 and is based in Cambridge, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-25 Hiserv

Schönefeld, Germany

Hiserv offers leasing ground service equipment (GSE) with a strong European foothold. The company provides customers with the best possible fleet design at airports to optimize, and thus save, elementary resources in the long term. Hiserv is based in Schönefeld, Germany.

Buy -

Seller(S) 1

SELLER

PAI Partners

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 16.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.

DEAL STATS #
Overall 50 of 50
Sector (Utilities) 2 of 2
Type (Secondary Buyout) 25 of 25
Country (United Kingdom) 8 of 8
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-23 Audiotonix

Chessington, United Kingdom

Audiotonix designs, engineerings, and manufactures professional audio mixing consoles, production software, and ancillary products. With pioneering solutions from premium audio brands Allen & Heath, Calrec, DiGiCo, DiGiGrid, Fourier Audio, Harrison, KLANG: technologies, Slate Digital, Solid State Logic, sonible, and Sound Devices, its products are used extensively in live sound, broadcast, theatre production, installations, houses of worship, TV and film production, music creation and recording studios. Audiotonix is based in Chessington, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-25 Nutripure

Deyme, France

Nutripure is a digital active nutrition brand providing a comprehensive ecosystem of products and services, including food supplements and sports nutrition, primarily through its website. The company offers almost 40 products for all consumers across health & metabolism, sports & endurance, physical recovery, and healthy nutrition. Nutripure was formed in 2017 and is based in Deyme, France.

Buy -
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