M&A Deal Summary

ENGIE Acquires Keepmoat

On March 2, 2017, ENGIE acquired construction company Keepmoat from Sun Capital Partners and TDR Capital for 330M GBP

Acquisition Highlights
  • This is ENGIE’s 2nd transaction in the Construction sector.
  • This is ENGIE’s 2nd largest (disclosed) transaction.
  • This is ENGIE’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2017-03-02
Target Keepmoat
Sector Construction
Buyer(s) ENGIE
Sellers(s) Sun Capital Partners
TDR Capital
Deal Type Add-on Acquisition
Deal Value 330M GBP

Target

Keepmoat

Doncaster, United Kingdom
Keepmoat Ltd. is a provider of integrated affordable housing development and community regeneration services. Keepmoat Ltd. is based in Doncaster, United Kingdom.

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Buyer(S) 1

Buyer

ENGIE

Courbevoie, France

Category Company
Founded 1880
Sector Utilities
Employees97,000
Revenue 82.6B EUR (2023)
DESCRIPTION

ENGIE is a French utility company. ENGIE provides electricity generation and distribution, natural gas and renewable energy. ENGIE was founded in 1880 and is based in Courbevoie, France.


DEAL STATS #
Overall 15 of 31
Sector (Construction) 2 of 5
Type (Add-on Acquisition) 12 of 21
Country (United Kingdom) 2 of 2
Year (2017) 1 of 8
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-07 ENGIE SA - U.S. Portfolio

Texas, United States

ENGIE SA - U.S. Portfolio consists of 9,017 megawatts (MW) of generation capacity, more than 90% of which is gasfueled. The plants are located in the Texas ERCOT, PJM and ISO-New England markets, the best and most competitive power markets in the country.

Sell $3.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-14 EV-Box B.V.

Almere, Netherlands

EV-Box B.V. is one of the world’s major electric vehicle charging services providers with over 40,000 charging stations in service. EV-Box has been developing and selling electric vehicle charging solutions since 2010 and has already established its market leadership in its home country. The company sells charging stations, charging management software and services to business, public sector and residential customers and has developed a reputation for market-leading quality and innovation. EV-Box has recently started extending its geographical reach into Belgium, France, Scandinavia, Germany, the UK and the USA, while still reaching over 20 countries through a strong base of partners.

Buy -

Seller(S) 2

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 88 of 127
Sector (Construction) 2 of 2
Type (Add-on Acquisition) 34 of 53
Country (United Kingdom) 10 of 17
Year (2017) 4 of 9
Size (of disclosed) 6 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-26 Arrow Tru-Line

Archbold, Ohio, United States

Arrow Tru-Line is a manufacturer of hardware for residential and commercial overhead garage doors. Arrow Tru-Line offers an extensive array of garage door hardware including horizontal and vertical tracks, center bearing supports, hinges, struts, torsion tubes, rollers, brackets and cable assemblies. Arrow Tru-Line was founded in 1970 and is based in Archbold, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-07 Horizon Services

Wilmington, Delaware, United States

Horizon Services is a home services company, ready to meet all of your service needs for heating, air conditioning, plumbing, drain cleaning and sewer and water line replacement and repair. Horizon Services was founded in 1987 and is based in Wilmington, Delaware.

Buy -
SELLER

TDR Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 15.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

TDR Capital is a private equity firm that targets large companies valued from €300 million to €1.5 billion. TDR has a particular interest in under-managed, under-invested or misunderstood companies which may be transformed through greater strategic and operational focus. TDR is sector agnostic, however the Firm has a preference for opportunities in the leisure/hospitality, financial services, and business services sectors. TDR Capital was formed in 2002 and is based in London.


DEAL STATS #
Overall 10 of 14
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 2 of 5
Country (United Kingdom) 8 of 9
Year (2017) 1 of 3
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-23 Lowell

Leeds, United Kingdom

Lowell acquires portfolios of charged off debt from a wide range of financial services companies and other lenders, and is now one of the leading players in the UK market. Lowell is based in Leeds, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-17 International Car Wash Group

Centennial, Colorado, United States

International Car Wash Group is a large local car wash conglomerate washing millions of cars across North America and Europe. The Company was established in 1965 and is headquartered in Centennial, Colorado.

Sell -