M&A Deal Summary

European Capital Acquires Cordium

On December 4, 2014, private equity firm European Capital acquired business services company Cordium from Sovereign Capital Partners

Acquisition Highlights
  • This is European Capital’s 8th transaction in the Business Services sector.
  • This is European Capital’s 16th transaction in the United Kingdom.

M&A Deal Summary

Date 2014-12-04
Target Cordium
Sector Business Services
Buyer(s) European Capital
Sellers(s) Sovereign Capital Partners
Deal Type Secondary Buyout

Target

Cordium

London, United Kingdom
Cordium (previously called IMS Group) is a provider of consulting and integrated business support to the wholesale asset management and securities industry. The Group’s core service offering is regulatory compliance consulting to UK regulated financial services firms.

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Buyer(S) 1

Buyer

European Capital

London, United Kingdom

Category Private Equity Firm
Founded 2005
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

European Capital is the European investment affiliate of American Capital. European Capital looks to provide a variety of investment and financing solutions including unitranche debt, mezzanine capital, senior debt, and equity co-investment. Funds are typically used to support buyouts, recapitalizations, finance growth, and make acquisitions. European Capital is sector agnostic, however the Firm has a preference for investments in the consumer, technology, manufacturing, services, and distribution sectors. European Capital was formed in 2005 and is based in London.


DEAL STATS #
Overall 74 of 74
Sector: Business Services M&A 8 of 8
Type: Secondary Buyout M&A Deals 28 of 28
Country: United Kingdom M&A 16 of 16
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Farrow & Ball

Dorset, United Kingdom

Farrow & Ball is dedicated to creating eco-friendly paint and wallpaper using only the finest ingredients and richest pigments. The result is a directional palette of paint colors with an extraordinary response to light and artisanal wallpapers with a tactile finish, uniquely achieved by printing paint on paper. Farrow & Ball was formed in 1946 and is based in Dorset, United Kingdom.

Sell £227M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Vivarte SAS

Paris, France

Vivarte is the #1 footwear and clothing retailer in France with an extensive portfolio of brands (including La Halle aux Chaussures, Chaussland, André, San Marina, Minelli in the shoe sector and La Halle, Kookaï, Liberto, Caroll in clothing). The company has a very strong position in the "value for money" segment of the market and is also active in Spain and Switzerland.

Sell -

Seller(S) 1

SELLER

Sovereign Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 1.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Sovereign Capital Partners (SCP) is a private equity firm that specializes in buy and build opportunities throughout the UK. The Firm targets consolidation strategies in the education and training, healthcare, and outsourced business services sectors. SCP looks to invest £10 to £120 million per transaction. Sovereign Capital Partners was formed in 2001 and is based in London.


DEAL STATS #
Overall 13 of 29
Sector: Business Services M&A 1 of 7
Type: Secondary Buyout M&A Deals 5 of 10
Country: United Kingdom M&A 13 of 25
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-22 Arkarius Group

United Kingdom

Arkarius Group is a provider of an accounting services to the flexible workforce.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 8 Solutions

Bolsover, United Kingdom

8 Solutions Ltd. is a provider of market-leading, deep-cleaning and decontamination data centre services. The business technicians test for and remove contaminants, thereby minimising the risk of expensive data centre downtime for clients.

Sell -