M&A Deal Summary

EQT and HarbourVest Partners Acquire Colisee

On August 31, 2020, private equity firms EQT and HarbourVest Partners acquired consumer services company Colisee from IK Partners

Acquisition Highlights
  • This is EQT’s 7th and HarbourVest Partners’ 4th transaction in the Consumer Services sector.
  • This is EQT’s 3rd and HarbourVest Partners’ 4th transaction in France.

M&A Deal Summary
Date 2020-08-31
Target Colisee
Sector Consumer Services
Buyer(s) EQT
HarbourVest Partners
Sellers(s) IK Partners
Deal Type Secondary Buyout

Target

Colisee

Paris, France
Colisee is a European operator of nursing home facilities and homecare services for the elderly. Colisee operates 270 nursing homes as well as assisted living facilities and home care service agencies across France, Belgium, Spain, and Italy. Colisee was established in 1976 and is headquartered in Paris, France.

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Buyer(S) 2

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 231 of 317
Sector (Consumer Services) 7 of 8
Type (Secondary Buyout) 63 of 97
Country (France) 3 of 6
Year (2020) 9 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-19 EdgeConneX

Herndon, Virginia, United States

EdgeConneX builds and operates data centers for cloud, content, network, and other service providers requiring both larger purpose-built facilities as well as edge facilities located closer to consumer and enterprise users to support latency-sensitive applications cost-effectively. EdgeConneX was founded in 2009 and is based in Herndon, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-03 Altus Intervention AS

Stavanger, Norway

Altus Intervention AS is a provider of well intervention services and down-hole technology to the oil and gas industry. Altus Intervention was founded in 2014 and is based in Stavanger, Norway.

Sell -
Buyer

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.

DEAL STATS #
Overall 207 of 223
Sector (Consumer Services) 4 of 4
Type (Secondary Buyout) 49 of 55
Country (France) 4 of 4
Year (2020) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-29 CPA Global

Jersey, Channel Islands

CPA Global is an intellectual property (IP) management and technology company serving over 10,000 customers and connecting millions of global IP users every day. CPA Global was founded in 1969 and is based in Jersey, Channel Islands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-28 Advanced Instruments

Norwood, Massachusetts, United States

Advanced Instruments is a designer, manufacturer, and marketer of laboratory test equipment and related consumables for use in clinical, food and dairy, microbiology, pharmaceutical, and biotech markets. With an array of technical competencies, including being the world’s foremost authority on the application of Freezing Point Depression technology for measuring the osmolality of solutions, AI serves thousands of end-users in over 90 countries under the Advanced Instruments, Fiske, and Mart Microbiology brands. Advanced Instruments was founded in 1955 and is based in Norwood, Massachusetts.

Buy $780M

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Ik Investment Partners Ltd. (Formerly Industri Kapital) is a private equity firm that targets control investments in mid-sized manufacturing and service companies located in select European countries. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The firm looks to commit €50 to €150 million of equity capital per transaction and targets companies with 'a proven ability to generate significant cash flow' as well as an ability to 'sustain growth through various economic cycles'. IK Investment Partners was formerly known as Industry Kapital. IK Investment Partners was formed in 1989 and has offices in Hamburg, London, Paris, and Stockholm.

DEAL STATS #
Overall 89 of 117
Sector (Consumer Services) 4 of 4
Type (Secondary Buyout) 33 of 49
Country (France) 15 of 26
Year (2020) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-27 APOSAN Dr. Künzer

Cologne, Germany

APOSAN Dr. Künzer GmbH is specialised homecare provider in the field of outpatient parenteral antibiotic therapy. APOSAN Dr. Künzer was founded in 1991 and is based in Cologne, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 Forthglade Foods

Okehampton, United Kingdom

Forthglade Foods is a natural pet food brand, producing premium wet and dry dog food and treats. Forthglade Foods was founded in 1971 and is based in Okehampton, United Kingdom.

Buy -
Mergr

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