M&A Deal Summary

Douglas Acquires Limoni

On May 17, 2017, Douglas acquired retailer Limoni from Bridgepoint, Ardian and Orlando Capital

Acquisition Highlights
  • This is Douglas’ 2nd transaction in the Retail sector.
  • This is Douglas’ 2nd transaction in Italy.

M&A Deal Summary

Date 2017-05-17
Target Limoni
Sector Retail
Buyer(s) Douglas
Sellers(s) Bridgepoint
Ardian
Orlando Capital
Deal Type Add-on Acquisition

Target

Limoni

Bentivoglio, Italy
Limoni is an Italian perfumery retail sector with a network of over 500 stores and an emerging presence in Croatia and Slovenia. Limoni also operates as a wholesaler to smaller independent perfumeries and as an exporter to international markets. Limoni is based in Bentivoglio, Italy.

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Buyer(S) 1

Buyer

Douglas

Milan, Italy

Category Company
Founded 1989
Sector Retail
Employees1,100
DESCRIPTION

Douglas is a retailer in the European beauty sector that operates 126 perfumeries and an online store Douglas' multi-channel offering is fully integrated across stores, online and mobile, as well as its continually updated selection of more than 35,000 products. Douglas was founded in 1989 and is based in Milan, Italy.


DEAL STATS #
Overall 2 of 2
Sector: Retail M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Italy M&A 2 of 2
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-17 La Gardenia Beauty

Grosseto, Italy

La Gardenia Beauty is an operator of retail stores for fragrances and cosmetic products. La Gardenia Beauty was established in 1976 and is based in Grosseto, Italy.

Buy -

Seller(S) 3

SELLER

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bridgepoint is a large European private equity firm that invests in middle-market companies across a broad range of industries with an enterprise value of €200 - €1000 million. Prospective transaction situations include buyouts, buy-ins, growth financings, consolidations, and take privates. The firms invest in the range of €75 - €400 million transaction. Bridgepoint Development Capital specializes in investments in businesses valued up to a €150 million, taking equity stakes of between €10 million and €75 million. General sectors of interest include consumer products and services, retail, financial services, healthcare, media, technology, industrials, and business services. Bridgepoint was formed in 1984 and has offices in London, Frankfurt, Luxembourg, Madrid, Milan, Paris, Stockholm and Warsaw.


DEAL STATS #
Overall 69 of 112
Sector: Retail M&A 5 of 9
Type: Add-on Acquisition M&A Deals 27 of 39
Country: Italy M&A 4 of 4
Year: 2017 M&A 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-17 La Gardenia Beauty

Grosseto, Italy

La Gardenia Beauty is an operator of retail stores for fragrances and cosmetic products. La Gardenia Beauty was established in 1976 and is based in Grosseto, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-29 Médipôle Sud Santé

Perpignan, France

Médipôle Sud Santé is a private hospital group in France specialising in general medicine, surgery and obstetrics, operating twelve private hospitals in the Languedoc-Roussillon region of Southern France, with over 1,500 beds, 500 healthcare professionals and 2,300 employees.

Sell -
SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 129 of 248
Sector: Retail M&A 8 of 9
Type: Add-on Acquisition M&A Deals 36 of 63
Country: Italy M&A 8 of 18
Year: 2017 M&A 4 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-11 Abvent

Paris, France

Abvent is a publisher and distributor of software for architects. The Group has developed a proprietary offer combining 3D visualization software and project management solutions via BIM (Building Information Modelling). It is also the exclusive distributor in France and French-speaking Switzerland of the industry-standard design and project management system for architects, ArchiCAD. Abvent was founded in 1985 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-22 LBC

Rotterdam, Netherlands

LBC is an independent operator of bulk liquid storage facilities for petrochemicals, petroleum products and base oil products. LBC owns and operates a global network of terminals at key locations in the United States, Europe and China, while offering loading / unloading services for all modes of transportation. LBC is based in Rotterdam, Netherlands.

Buy -
SELLER

Orlando Capital

Munich, Germany

Investor Investor Investor Investor Investor


Category Distressed Investor
Founded 2001
PE ASSETS 650M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Orlando Capital is an independent private equity group focused on investing in complex situations. Orlando looks for companies with high margins, strong market positions, solid balance sheets, but with some flaws. These could include management vacancies, complex corporate spin-off situations, or operational challenges. Orlando generally looks for opportunities in Germany, Austria, Switzerland and Northern Europe. Prospective companies typically have revenue of €100 million to €1 billion. Orlando will not invest in start-ups, unproven high-tech products, or biotech. Orlando Capital was formed in 2001 and is based in Munich, Germany.


DEAL STATS #
Overall 8 of 15
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 9
Country: Italy M&A 1 of 1
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-20 Solvadis

Frankfurt am Main, Germany

Solvadis group is an important distributor for the chemical and chemical-related industry. The group offers customized services covering the entire value and logistics chain - from purchase to consumption in the processing industries. The emphasis is on the following activities: distribution, basic chemicals and specialty chemicals. Solvadis was founded in 1881 and is based in Frankfurt am Main, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 LKE Group

Marl, Germany

LKE Group provides specialized transport logistics products through three divisions such as Global Mail, Intralogistics (partly tailor-made transport systems), and General Industries (standardized transportation products especially for hospitals, industrial laundries, or food industry). LKE Group was founded in 1994 and is based in Marl, Germany.

Sell -