Divestiture • Business Services

La Caisse, DWS Private Equity and Ardian Acquire Streem Group

On April 23, 2021, asset manager La Caisse, private equity firm DWS Private Equity and private equity firm Ardian acquired business services company Streem Group from SNCF Group

Acquisition Context
  • This is La Caisse’s 5th, DWS Private Equity’s 1st and Ardian’s 30th transaction in the Business Services sector.
  • This is La Caisse’s 9th, DWS Private Equity’s 1st and Ardian’s 181st transaction in France.

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M&A Deal Summary

Date April 23, 2021
Target Streem Group
Sector Business Services
Buyer(s) La Caisse
DWS Private Equity
Ardian
Sellers(s) SNCF Group
Deal Type Divestiture

Target Company

Streem Group

Levallois-Perret, France
Streem Group is a provider of industrial railcars and tank containers leasing services. Streem Group was founded in 1956 and is based in Levallois-Perret, France.
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Buyers Overview 3

Buyer

La Caisse

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1965
PE ASSETS 90.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.


Deal Context for Buyer #
Overall 72 of 106
Sector: Business Services 5 of 7
Type: Divestiture 4 of 6
Country: France 9 of 10
Year: 2021 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-15 Avison Young

Toronto, Ontario, Canada

Avison Young is a full-service commercial real estate services company. Avison Young provides value-added, client-centric investment sales, leasing, advisory, management, financing, and mortgage placement services to owners and occupiers of office, retail, industrial and multi-residential properties. Avison Young was established in 1978 and is based in Toronto, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 New Look Vision

Saint-Laurent, Quebec, Canada

New Look Vision is a provider of eye care products and services. The Company has retail sales of optical products which can be grouped into four principal categories: (i) prescription and non-prescription eyewear, (ii) contact lenses, (iii) sunglasses, protective eyewear and reading glasses, and (iv) accessories, such as cleaning products for eyeglasses and contact lenses. New Look Vision was founded in 1986 and is based in Saint-Laurent, Quebec.

Buy -
DESCRIPTION


Deal Context for Buyer #
Overall 2 of 2
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
Country: France 1 of 1
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-15 Datalink Software

Tampa, Florida, United States

Datalink Software is a provider of integrated population health management applications that help healthcare payors and providers improve quality, practice management, and care coordination in value-based care settings. DataLink’s complete population health management platform is built around being a “one stop shop” that breaks through the communication barriers present at all levels of the healthcare industry, delivering total clinical control and insight to payors, managed service organizations, and medical practices while adding efficiency and improving patient outcomes. Datalink Software was founded in 2002 and is based in Tampa, Florida.

Buy -
Buyer

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 Context for Buyer #
Overall 401 of 465
Sector: Business Services 30 of 38
Type: Divestiture 32 of 34
Country: France 181 of 207
Year: 2021 8 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-19 Logalty

Madrid, Spain

Logalty acts as a provider of services for generating proof by interposition in online transactions, ensuring that transactions are secure, unalterable, and with full probative value. Since its foundation, the Company has registered +38 million electronic signatures and +25 million certified communications in +147 countries, as well as generating +58 million notarized electronic documents and evidence. Logalty was founded in 2005 and is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-27 Lagarrigue

Toulouse, France

Lagarrigue is a designer and distributor of prosthetic and orthotic devices. Lagarrigue was founded in 1976 and is based in Toulouse, France.

Sell -

Seller Profile 1

SELLER

SNCF Group

Saint Denis, France

Category Company
Sector Engineering
DESCRIPTION

SNCF is France's national state-owned railway company and manages the rail traffic in France and the Principality of Monaco.


Deal Context for Seller #
Overall 2 of 4
Sector: Business Services 1 of 2
Type: Divestiture 2 of 4
Country: France 2 of 4
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 OUIBUS

Vitry-sur-Seine, France

OUIBUS is a low-cost bus transportation service provider. OUIBUS was founded in 2012 and is based in Vitry-sur-Seine, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-09 Rail Europe

Paris, France

Rail Europe is a distributor of European train tickets to international customers. Rail Europe currently connects nearly 15,000 tourism professionals around the world, especially via its application programming interface (API). The company also offers a booking site and a mobile application available to the general public. Rail Europe was founded in 1932 and is based in Paris.

Sell -

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