M&A Deal Summary

Dubai Aerospace Acquires SR Technics Switzerland AG

On September 7, 2006, Dubai Aerospace acquired aerospace company SR Technics Switzerland AG from 3i Private Equity, STAR Capital Partnership and Intermediate Capital Group for 1.0B EUR

Acquisition Highlights
  • This is Dubai Aerospace’s 1st transaction in the Aerospace sector.
  • This is Dubai Aerospace’s largest (disclosed) transaction.
  • This is Dubai Aerospace’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2006-09-07
Target SR Technics Switzerland AG
Sector Aerospace
Buyer(s) Dubai Aerospace
Sellers(s) 3i Private Equity
STAR Capital Partnership
Intermediate Capital Group
Deal Type Add-on Acquisition
Deal Value 1.0B EUR

Target

SR Technics Switzerland AG

Zurich, Switzerland
SR Technics is a world leading independent provider of technical services to commercial airlines with a turnover of €1 billion, serving leading lag carriers and low cost airlines around the world.

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Buyer(S) 1

Buyer

Dubai Aerospace

Dubai, United Arab Emirates

Category Company
Sector Aerospace
DESCRIPTION

Dubai Aerospace is a global aviation services company with leasing and engineering divisions that serve over 170 customers around the world from seven offices in Dubai, Dublin, Amman, Singapore, New York, Miami, and Seattle. Dubai Aerospace is based in Dubai, United Arab Emirates.


DEAL STATS #
Overall 1 of 4
Sector: Aerospace M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 4
Country: Switzerland M&A 1 of 1
Year: 2006 M&A 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 StandardAero

Scottsdale, Arizona, United States

StandardAero is an independent maintenance, repair, and overhaul (MRO) provider. The Company offers extensive MRO services and custom solutions for business aviation, commercial aviation, military, and industrial power customers. StandardAero was founded in 1911 and is based in Scottsdale, Arizona.

Buy $1.9B

Seller(S) 3

SELLER

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1945
PE ASSETS 21.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


DEAL STATS #
Overall 46 of 196
Sector: Aerospace M&A 1 of 2
Type: Add-on Acquisition M&A Deals 10 of 63
Country: Switzerland M&A 1 of 2
Year: 2006 M&A 14 of 26
Size (of disclosed) 3 of 78
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-06 SmartStream Technologies

London, United Kingdom

SmartStream Technologies is a provider of Transaction Lifecycle Management (TLM) solutions. Its fully integrated, multi-product solutions enable enterprise-wide TLM from trade inception to settlement in a single scalable platform. SmartStream Technologies is based in London, United Kingdom.

Sell £122M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-21 Sten

Mollet del Valles, Spain

Sten provides formwork and scaffolding for construction works, either for sale or rental. Sten was founded in 1982 and is based in Mollet del Valles, Spain.

Buy -
SELLER

STAR Capital Partnership

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 2.5B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

STAR Capital Partners is a private equity firm that seeks investments in capital intensive businesses operating in Western Europe. STAR looks to invest in companies valued between EUR50 million and EUR1 billion. The Firm will consider opportunities in many industries, however, the Firm's primary emphasis is on businesses operating in the oil & gas, transport, utilities, telecommunications and healthcare sectors. STAR Capital was formed in 1999 and is based in London.


DEAL STATS #
Overall 2 of 17
Sector: Aerospace M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 6
Country: Switzerland M&A 1 of 1
Year: 2006 M&A 1 of 3
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-01 Abellio

Essen, Germany

Abellio is a German transport company with interests in both local transport (bus and trams) and regional rail operations across eight federal states in Germany. Germany is Europe's largest local public transport market and is increasingly moving towards liberalization, primarily due to EU regulation and municipal budget constraints.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-31 BUS Steel Services

Duisburg, Germany

BUS is the European market leader in recycling waste from steel and stainless steel production - recovering metals such as zinc, nickel and chromium. It operates five plants located in Germany (Duisburg and Freiberg), France (Gravelines and Lens) and Sweden (Landskrona). The company has approximately 330 employees. BUS provides recycling services to all the major steel and stainless steel companies.

Sell €330M
SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 67 of 225
Sector: Aerospace M&A 1 of 2
Type: Add-on Acquisition M&A Deals 14 of 69
Country: Switzerland M&A 4 of 5
Year: 2006 M&A 10 of 17
Size (of disclosed) 18 of 74
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 Care Management Group

London, United Kingdom

Care Management Group is a specialist care home operator providing high-quality residential care services for children and adults with learning disabilities and associated complex needs. Care Management Group was founded in 1994 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-08 Eliokem International SAS

Villejust, France

Eliokem International SAS is a manufacturer and marketer of speciality chemicals used in paints, masonry coatings, rubber, plastic, printer toners, textiles and latex.

Sell €130M