Investment Summary

CVC Capital Partners Exits Raet

On March 24, 2016, private equity firm HgCapital invested in internet software and services company Raet from CVC Capital Partners

Investment Highlights
  • This is HgCapital’s 10th transaction in the Internet Software and Services sector.
  • This is HgCapital’s 7th transaction in the Netherlands.
Investment Fate
  • Raet was sold to a strategic buyer in 2018.

Investment Summary

Date 2016-03-24
Target Raet
Sector Internet Software and Services
Investor(s) HgCapital
Sellers(s) CVC Capital Partners
Deal Type Secondary Buyout

Target

Raet

Amersfoort, Netherlands
Raet is a provider of HR cloud software and services. The company provides a cloud-based, integrated HR software suite covering the Human Capital Management needs of both large and small businesses globally. Raet was founded in 1965 and is based in Amersfoort, Netherlands.

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Investor(S) 1

Investor

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.


DEAL STATS #
Overall 87 of 153
Sector: Internet Software and Services M&A 10 of 25
Type: Secondary Buyout M&A Deals 28 of 51
Country: Netherlands M&A 7 of 8
Year: 2016 M&A 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-08 Trace One

Puteaux, France

Trace One is a collaborative retail business platform for consumer-packaged-goods (CPG). The company provides one SaaS inclusive platform with multiple interlocking business applications, including product lifecycle management, sourcing, and compliance. It enables customers to create higher quality, trusted, and compliant own-branded goods faster, delivering benefits to their consumers and the environment. Trace One was formed in 2001 and is based in Puteaux, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-10 STP

Karlsruhe, Germany

STP is a one-stop-shop solution provider, empowering the digitization of insolvency and legal practitioners. It provides a fully integrated legal tech platform comprising workflow automation, ERP software, specialist technical outsourcing, and data businesses. STP’s solutions are deeply embedded in the insolvency ecosystem and commercial law segment, with a dedicated full-suite offering. STP was founded in 1993 and is based in Karlsruhe, Germany.

Buy -

Seller(S) 1

SELLER

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 121 of 181
Sector: Internet Software and Services M&A 1 of 6
Type: Secondary Buyout M&A Deals 26 of 43
Country: Netherlands M&A 15 of 17
Year: 2016 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-11 Doc Generici

Milan, Italy

Doc Generici provides drugs for the treatment of common medical conditions with a broad product portfolio and a strong presence in areas including cardiovascular, gastrointestinal/metabolism and neurological treatments. Doc Generici operates an asset-light model and benefits from a consolidated network of suppliers. Doc Generici was founded in 1996 and is based in Milan, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-24 Tipico

St. Julian’s, Malta

Tipico is a provider of sports betting company, that operates a digital multichannel offering with leading online and mobile portals, as well as more than 1,000 betting shops. As a premium brand, Tipico is able to offer a large range of bets while continuing to uphold the highest standards in customer service and consumer protection. Tipico was founded in 2004 and is based in St. Julian’s, Malta.

Buy -