M&A Deal Summary

Equistone, Private Equity Partners and Star Capital Acquire Marr

On April 8, 2003, private equity firm Equistone, private equity firm Private Equity Partners and asset manager Star Capital acquired distribution company Marr

Acquisition Highlights
  • This is Equistone’s 4th, Private Equity Partners’ 1st and Star Capital’s 1st transaction in the Distribution sector.
  • This is Equistone’s 3rd, Private Equity Partners’ 6th and Star Capital’s 1st transaction in Italy.
Investment Fate
  • Marr was sold to a strategic buyer in 2005.

M&A Deal Summary

Date 2003-04-08
Target Marr
Sector Distribution
Buyer(s) Equistone
Private Equity Partners
Star Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Marr

Rimini, Italy
Marr S.p.A. is an Italian food services distributor offering daily delivery of a wide range of products including fresh, refrigerated and chilled foods and restaurant equipment. Its clientele of 25,000 companies includes restaurants, fast food outlets, hotels, schools, hospitals and large institutions.

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Buyer(S) 3

Buyer

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 71 of 252
Sector: Distribution M&A 4 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 60 of 131
Country: Italy M&A 3 of 10
Year: 2003 M&A 3 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-03 TV Travel Shop Germany & Co KG

Hannover, Germany

TV Travel Shop is a European market leader in TV holiday distribution.

Sell $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-11 NCC Group

Manchester, United Kingdom

NCC Group is an information assurance specialist, passionate about changing the shape of the Internet and making it a safer place. Through an unrivalled range of services, it provides organisations with freedom from doubt that their most important assets are protected and operating as they should be at all times. NCC Group was founded in 1999 and is based in Manchester, England.

Buy £30M
DESCRIPTION

Private Equity Partners (PEP) is a private equity firm that seeks buyout and expansion capital investments in medium to large companies. PEP will consider both minority or majority investment situations and targets companies headquartered in Italy as well as Eastern Europe and the emerging markets of China and India. The Firm looks to invest in companies with revenues between EUR50 million and EUR1 billion. Private Equity Partners is based in Milan, with additional offices in Shanghai, Warsaw, Moscow, and Mumbai.


DEAL STATS #
Overall 6 of 25
Sector: Distribution M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 22
Country: Italy M&A 6 of 25
Year: 2003 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 Mini Gears

Padua, Italy

Mini Gears is a company established in 1976 by the present-day Chairman, with corporate headquarters in Padua (Italy).The Group is active in the production and marketing of small and mid-sized precision spur and bevel gears, manufactured with cut metal and powder metal technologies, and complete gearbox solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-01 Trevisanalat

Treviso, Italy

Trevisanalat is an Italian company specialised in the production of mozzarella cheese using only lactic ferments. Trevisanalat was founded in 1980 and is based in Treviso, Italy.

Sell -
Buyer

Star Capital

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2000
PE ASSETS 401M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Star Capital is a private equity firm focused on lower middle-market acquisitions of Italian companies. The Firm targets profitable businesses with €15 to €50 million of EBITDA and €3 to €10 million of revenue. Star Capital is a generalist investor, however the Firm will not consider early-stage or distressed companies. Star Capital was formed in 2000 and is headquartered in Milan.


DEAL STATS #
Overall 2 of 25
Sector: Distribution M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 21
Country: Italy M&A 1 of 23
Year: 2003 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-05 Eutelsat Group

Issy-les-Moulineaux, France

Eutelsat Group is a satellite operator that provides transponder capacity for video broadcasters, European Direct-to-Home (DTH) operators, European governments, and the US government, as well as for corporate data networks and other voice and data providers. Eutelsat Group was founded in 1977 and is based in Issy-les-Moulineaux, France.

Buy €210M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-01 Casa di Cura Villa Laura

Bologna, Italy

Casa di Cura Villa Laura spa provides private healthcare services.

Buy -