M&A Deal Summary

Endless Acquires Evo Group

On July 5, 2009, private equity firm Endless acquired distribution company Evo Group from Electra

Acquisition Highlights
  • This is Endless’ 1st transaction in the Distribution sector.
  • This is Endless’ 13th transaction in the United Kingdom.

M&A Deal Summary

Date 2009-07-05
Target Evo Group
Sector Distribution
Buyer(s) Endless
Sellers(s) Electra
Deal Type Secondary Buyout

Target

Evo Group

Sheffield, United Kingdom
Evo Group provides logistics, distribution and procurement and value-added fulfilment services to suppliers, retailers, resellers, large public sector bodies and corporate organisations through its trading brands VOW (wholesale), Banner (businesses) and Staples.co.uk (consumer). Evo Group is based in Sheffield, United Kingdom.

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Buyer(S) 1

Buyer

Endless

Leeds, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Endless LLP is an independent private equity firm that targets management buyouts and turnaround investment opportunities in a variety of industries. Endless invests in UK based companies with generating sales of £10 to £1000 million. Endless can commit up to £80 million for each transaction in the form of equity and/or debt. Endless will not invest in startups or companies with less than £10 million of sales. Endless was formed in 2005 and has offices in Leeds, Manchester and Solihull.


DEAL STATS #
Overall 13 of 76
Sector: Distribution M&A 1 of 3
Type: Secondary Buyout M&A Deals 2 of 19
Country: United Kingdom M&A 13 of 73
Year: 2009 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-18 British Bookshops & Stationers

Brighton, United Kingdom

British Bookshops & Stationers (BBS) is an independent retailer with stores located across the South of England. The business retails a wide range of front list books, stationery, cards and newspapers from its 40 high street stores. The business employs over 400 people and its Head Office and Distribution Centre are located in Brighton.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-17 Excelsyn

Flintshire, United Kingdom

Excelsyn is a pharmaceutical services company, providing a broad range of cost-effective process chemistry solutions from lab to plant scale to the pharmaceutical industry. Excelsyn works with biotech, pharmaceutical and fine chemical companies worldwide helping customers progress compounds across pre-clinical, clinical and commercial phases by providing small molecule synthesis, scale-up solutions and support services.

Sell $19M

Seller(S) 1

SELLER

Electra

London, United Kingdom

Investor


Category Private Equity Firm
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra is an investment trust quoted on the London Stock Exchange that specializes in private equity investments. Electra's primary focus is on opportunities across Western Europe in a broad array of industries. Electra Private Equity is based in London.


DEAL STATS #
Overall 9 of 32
Sector: Distribution M&A 1 of 2
Type: Secondary Buyout M&A Deals 5 of 16
Country: United Kingdom M&A 8 of 25
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-23 Labco

Paris, France

Labco is a provider of medical diagnostic services. Labco also operates a large portfolio of hospital outsourcing contracts in Europe, providing services to both ambulatory care and hospitals. Labco was founded in 2003 and is based in Paris, 75010, France.

Buy €150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-20 Kalle Group

Wiesbaden, Germany

Kalle Group is a supplier of industrially produced casings for meat, poultry, and other protein products. In addition to its innovative range of value-added casings, it creates a steady stream of new and customized solutions that enable new types of products. Kalle uses its technological and innovative edge to accelerate the pace of development - both in existing markets and in many emerging markets in Latin America, Eastern Europe, and Asia. Kalle Group was founded in 1863 and is based in Wiesbaden, Germany.

Buy €213M