M&A Deal Summary

Duke Street Private Equity Acquires Sporting Index

On December 11, 2002, private equity firm Duke Street Private Equity acquired internet software and services company Sporting Index from Epiris and FPE Capital for 64M EUR

Acquisition Highlights
  • This is Duke Street Private Equity’s 2nd transaction in the Internet Software and Services sector.
  • This is Duke Street Private Equity’s 14th largest (disclosed) transaction.
  • This is Duke Street Private Equity’s 8th transaction in the United Kingdom.
Investment Fate
  • Sporting Index was sold to a consortium of financial buyers in 2005 for 76M EUR.

M&A Deal Summary

Date 2002-12-11
Target Sporting Index
Sector Internet Software and Services
Buyer(s) Duke Street Private Equity
Sellers(s) Epiris
FPE Capital
Deal Type Secondary Buyout
Deal Value 64M EUR

Target

Sporting Index

London, United Kingdom
Sporting Index is a sports spread betting, dominating the global market with an estimated 80%+ market share.

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Buyer(S) 1

Buyer

Duke Street Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 3.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Duke Street Private Equity is a European private equity firm that targets investments in mid-market UK and French businesses valued between €50 and €350 million. Duke Street looks to build companies through organic growth and acquisitions. Sectors of interest include business services and outsourcing, retail and consumer, food, industrial, healthcare, leisure, and financial services. Duke Street Private Equity was founded in 1988 and is based in London, United Kingdom.


DEAL STATS #
Overall 20 of 57
Sector: Internet Software and Services M&A 2 of 4
Type: Secondary Buyout M&A Deals 1 of 14
Country: United Kingdom M&A 8 of 34
Year: 2002 M&A 3 of 3
Size (of disclosed) 14 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-24 Acacium Group

London, United Kingdom

Acacium Group is a healthcare workforce solutions and services partner dedicated to offering staffing, managed services, and innovative delivery models to health and social care systems and the life sciences industry. The company's specialist brands enable to combine workforce, services, deep clinical expertise, and technology to deliver better outcomes for clients and patients alike. Its experience of working end-to-end, from clinical trials to hospital and community-based services for example gives a unique insight into how best to support clients and make a positive difference. Acacium Group was founded in 1983 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-16 Franklin Hotels

Hampshire, United Kingdom

Franklin Hotels Limited, a new hotel concept ~ a collection of small Townhouse hotels which offered affordable luxury, central locations and the highest standards of personal service and attention to detail.

Buy -

Seller(S) 2

SELLER

Epiris

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra Partners is a UK-based private equity firm focused on buyouts, co-investments, secondary fund purchases, and debt investing. The Firm's direct investing group looks to make majority or minority investments of £50 to £250 million in deals valued up to £500 million. Electra was formed in 1976 and is based in London.


DEAL STATS #
Overall 11 of 51
Sector: Internet Software and Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 9
Country: United Kingdom M&A 10 of 41
Year: 2002 M&A 1 of 1
Size (of disclosed) 14 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-01 Esporta Group

Wokingham, United Kingdom

Esporta Group is a operator of premium health and fitness clubs. Its clubs include fitness arenas and exercise studios; indoor and outdoor pools; spas, saunas, and steam rooms; vibrant restaurants and bars; health and beauty areas; and indoor and outdoor racquet facilities.

Buy £218M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 Gardiner Groupe Europe SAS

Paris, France

Gardiner Groupe Europe SAS is a provider of distribution of safety products.

Buy -
SELLER

FPE Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

FPE Capital is the private equity investment arm of Fleming Family & Partners, a multi-family office. FF&P invests in lower middle market companies throughout the UK and Western Europe. FF&P focuses on rapidly growing companies led by experienced management, with proven track records and scalable business models. Sectors of interest include financial services, healthcare, business/support services, energy/resources and media/information. The Firm will consider buyouts (MBOs, MBIs) as well as growth capital financings. FPE Capital was formed in 2004 and is based in London.


DEAL STATS #
Overall 1 of 24
Sector: Internet Software and Services M&A 1 of 3
Type: Secondary Buyout M&A Deals 1 of 11
Country: United Kingdom M&A 1 of 20
Year: 2002 M&A 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-01 Rockwood Service

Greenwich, Connecticut, United States

Rockwood Service Corporation provides non-destructive testing (NDT), materials evaluation and related engineering services to large industrial companies throughout North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-07 Lesaka

Johannesburg, South Africa

Lesaka is a Fintech company that utilizes its proprietary banking and payment technologies to deliver superior financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. The Company offers cash management solutions, growth capital, card acquiring, bill payment technologies and value-added services to retail merchants as well as banking, lending, and insurance solutions to consumers across Southern Africa. Lesaka was founded in 1997 and is based in Johannesburg, South Africa.

Buy $53M