M&A Deal Summary

Diversified Systems Group Acquires F Group AS

On September 11, 2006, Diversified Systems Group acquired retailer F Group AS from IK Partners for 175M DKK

Acquisition Highlights
  • This is Diversified Systems Group’s 1st transaction in the Retail sector.
  • This is Diversified Systems Group’s largest (disclosed) transaction.
  • This is Diversified Systems Group’s 1st transaction in Denmark.

M&A Deal Summary

Date 2006-09-11
Target F Group AS
Sector Retail
Buyer(s) Diversified Systems Group
Sellers(s) IK Partners
Deal Type Add-on Acquisition
Deal Value 175M DKK

Target

F Group AS

Herlev, Denmark
F Group was formed through the merger of Fona Gruppen (held by the Industri Kapital 1997 Fund) and Fredgaard Radio in June 2001. The new group is a leader in Danish high street brown goods retailing and a provider of consumer financing.

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Buyer(S) 1

Buyer

Diversified Systems Group

Issaquah, Washington, United States

Category Company
Sector Retail
Employees40,000
DESCRIPTION

Diversified Systems Group, Inc. specialist electrical retailing group.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Denmark M&A 1 of 1
Year: 2006 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

IK Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The Firm looks to commit €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.


DEAL STATS #
Overall 38 of 122
Sector: Retail M&A 3 of 5
Type: Add-on Acquisition M&A Deals 16 of 44
Country: Denmark M&A 3 of 7
Year: 2006 M&A 4 of 6
Size (of disclosed) 22 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 Cerba

Frepillon, France

Cerba is a laboratory in specialized biology, offers a comprehensive range of tests with high medical value, covering a wide range of specialties. It is active in all three segments of the clinical pathology business, namely esoteric, routine and central lab. Cerba was founded in 1967 and is based in Frepillon, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-04 Attendo

Danderyd, Sweden

Attendo provides financed care services for older people in nursing homes and home care. The company's services include care for older people, care for people with disabilities, individual and family care, as well as healthcare. Attendo was formed in 1985 and is based in Danderyd, Sweden.

Buy -