Secondary Buyout • Transportation

Essling Capital Acquires Chabe

On January 7, 2020, asset manager Essling Capital acquired transportation company Chabe from Andera Partners

Acquisition Context
  • This is Essling Capital’s 1st transaction in the Transportation sector.
  • This is Essling Capital’s 9th transaction in France.

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M&A Deal Summary

Date January 7, 2020
Target Chabe
Sector Transportation
Buyer(s) Essling Capital
Sellers(s) Andera Partners
Deal Type Secondary Buyout

Target Company

Chabe

Nanterre, France
Chabe is a french car hire business. Chabe was founded in 1921 and is based in Nanterre, France.
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Buyer Overview 1

DESCRIPTION

Essling Capital is an asset management firm focused on investing and co-investing in private companies. The Firm's broad areas of interest includes business services, technology services, and healthcare services. Essling Capital is based in Paris, France.


Deal Context for Buyer #
Overall 13 of 16
Sector: Transportation 1 of 1
Type: Secondary Buyout 4 of 4
Country: France 9 of 11
Year: 2020 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-03 Matawan

Macon, France

Matawan develops and integrates 100% cloud and 100% smartphone Intelligent Transportation Systems that help fluidify, secure and optimize passenger transport networks. The company offers a suite of comprehensive digital mobile solutions dedicated to school transportation management (2School), intercity and employee transportation (2Place) and on-demand transportation (2Tod). Matawan was formed in 2012 and is based in Macon, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-12 SPVIE Assurances

Suresnes, France

SPVIE Assurances is a multi-channel insurance brokerage group focused on developing a differentiating digital offering that facilitates insurance brokers’ commercial path and customer experience. SPVIE Assurances was founded in 2010 and is based in Suresnes, France.

Buy -

Seller Profile 1

SELLER

Andera Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 3.7B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Andera Partners is a private investment firm focused on several strategies. The Firm invests in life science opportunities through its BioDiscovery group. The Firm invests in Western European small to mid-sized companies (€30 to €300 million of revenue) through its Winch Capital group. Andera invests in small to mid-sized French companies (€10 to €100 million of revenue) through its Cabestan Capital team. Andera invests in €5 to €45 million of mezzanine capital to support small to mid-sized French companies. Andera Partners was established in 2001 and is headquartered in Paris.


Deal Context for Seller #
Overall 21 of 52
Sector: Transportation 3 of 3
Type: Secondary Buyout 7 of 16
Country: France 16 of 40
Year: 2020 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-15 Groupe Bacacier

Aigueperse, France

Groupe Bacacier is one of France’s major specialists in metal cladding. Drawing on high levels of industry expertise in the transformation of steel (profiling, folding, cutting, stamping and pressing), Bacacier provides a full range of cladding products (roofing, facades and cladding, structural floors and false ceilings). Groupe Bacacier products are used in all types of buildings: industrial, agricultural, commercial and residential. Bacacier has also expanded its offering of consumer products, available through major DIY chains, and developed a range for architects, notably in collaboration with designer Philippe Starck.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-19 Telamon

Paris, France

Telamon develops, manages, and invests in logistics, commercial, and residential real-estate assets, with over 1.5 million m² of logistics platforms delivered. The company operates both as a promoter and investor across logistics & activity sites, housing, offices, retail, and hospitality. Telamon was founded in 1995 and is based in Paris, France.

Buy -