M&A Deal Summary

Eurazeo PME and Advent International Acquire Planet

On November 23, 2015, private equity firms Eurazeo PME and Advent International acquired financial services company Planet from Exponent Private Equity for 585M EUR

Acquisition Highlights
  • This is Eurazeo PME’s 1st and Advent International’s 25th transaction in the Financial Services sector.
  • This is Eurazeo PME’s 3rd and Advent International’s 26th largest (disclosed) transaction.
  • This is Eurazeo PME’s 1st and Advent International’s 2nd transaction in Ireland.

M&A Deal Summary
Date 2015-11-23
Target Planet
Sector Financial Services
Buyer(s) Eurazeo PME
Advent International
Sellers(s) Exponent Private Equity
Deal Type Secondary Buyout
Deal Value 585M EUR

Target

Planet

Galway, Ireland
Planet is a provider of VAT refund and dynamic currency conversion (“DCC”) services to retailers, governments, and financial institutions globally. Planet is based in Galway, Ireland.

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Buyer(S) 2

Buyer

Eurazeo PME

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eurazeo PME, formerly known as OFI Private Equity Capital. Eurazeo PME invests equity and mezzanine capital in secondary buyout transactions of unlisted French companies. The Firm looks for opportunities valued between €50 and €250 million. Areas of interest include chemicals, financial services, consumer services, retail, manufacturing, distribution, and life science. Eurazeo PME was formed in 1997 and is based in Paris.

DEAL STATS #
Overall 30 of 82
Sector (Financial Services) 1 of 2
Type (Secondary Buyout) 13 of 31
Country (Ireland) 1 of 1
Year (2015) 4 of 4
Size (of disclosed) 3 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-03 Vestiaire Collective

Paris, France

Vestiaire Collective is an online fashion marketplace for pre-owned clothes and accessories. Vestiaire Collective was founded in 2009 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Sommet Education

Clarens, Switzerland

Sommet Education is an education group specializing in hospitality management, committed to offering an exceptional student experience and to developing the leaders of tomorrow. Its institutions, Glion and Les Roches, welcome students from over 100 countries for both Bachelors and Masters programs, offering an educational approach based on academic discipline and hands-on learning within a multicultural environment. Sommet Education is based in Clarens, Switzerland.

Buy -
Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 226 of 339
Sector (Financial Services) 25 of 31
Type (Secondary Buyout) 26 of 53
Country (Ireland) 2 of 2
Year (2015) 7 of 7
Size (of disclosed) 26 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-05 Gerard Darel

Paris, France

Gerard Darel is a designer, retailer, and distributor of high-end womenswear and leather goods. Gerard Darel was founded in 1971 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-21 Laboratorio LKM SA

Ciudad de Buenos Aires, Argentina

Laboratorio LKM S.A. (LKM) is a specialty pharmaceutical manufacturer in Argentina.

Sell -

Seller(S) 1

SELLER

Exponent Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 2.9B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Exponent is a private equity firm focused on acquiring middle-market businesses located in the UK and broader Europe. Exponent targets opportunities in the media, business and financial services, healthcare, consumer, and leisure sectors. The Firm seeks to invest in businesses valued from £150 to £500 million. Exponent has a particular interest in businesses that are prominent in their respective markets, but may benefit from or need operational improvement. Exponent Private Equity was formed in 2004 and is based in London.

DEAL STATS #
Overall 12 of 25
Sector (Financial Services) 2 of 4
Type (Secondary Buyout) 7 of 16
Country (Ireland) 1 of 2
Year (2015) 4 of 4
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-20 PhotoBox

London, United Kingdom

Photobox offers a wide range of photo gifting products including photo books, calendars, canvases and wall-art, mugs, gifts, jigsaws, prints and magnets. The company has strong market positions in United Kingdom, France, Spain and Germany as well as other European markets. Photobox serves its key geographical markets through three online brands: Photobox, Hofmann & PosterXXL.

Buy $618M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-26 Wowcher

London, United Kingdom

Wowcher is a provider of online discount deals in the UK and Ireland. The business secures deals at a significant discount from merchants, which it publishes across email, website and mobile platforms to a database of subscribers. Wowcher was formed in 2011 and is based in London.

Buy £29M
Mergr

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