M&A Deal Summary

EQT, Accent Equity and European Capital Acquire Scandic

On March 3, 2007, private equity firms EQT, Accent Equity and European Capital acquired leisure company Scandic from Hilton for 1.1B USD

Acquisition Highlights
  • This is EQT’s 1st, Accent Equity’s 1st and European Capital’s 1st transaction in the Leisure sector.
  • This is EQT’s 26th, Accent Equity’s and European Capital’s 11th largest (disclosed) transaction.
  • This is EQT’s 20th, Accent Equity’s 18th and European Capital’s 3rd transaction in Sweden.
Investment Fate
  • Scandic went public in 2015.

M&A Deal Summary
Date 2007-03-03
Target Scandic
Sector Leisure
Buyer(s) EQT
Accent Equity
European Capital
Sellers(s) Hilton
Deal Type Divestiture
Deal Value 1.1B USD

Target

Scandic

Stockholm, Sweden
Scandic owns and operates of hotel chain in the Nordic region with approximately 230 hotels in eight countries, the majority in the Nordic region, with the rest in other European locations. Scandic was founded in 1963 and is based in Stockholm, Sweden.

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Buyer(S) 3

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 54 of 314
Sector (Leisure) 1 of 2
Type (Divestiture) 18 of 51
Country (Sweden) 20 of 55
Year (2007) 3 of 7
Size (of disclosed) 26 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-28 Dako AS

Glostrup, Denmark

Dako AS is a global leader in tissue based cancer diagnostics. Dako provides reagents, instruments and software for high-quality cancer diagnosis and efficient laboratory processes.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-19 Symrise

Holzminden, Germany

Symrise is a producer of flavours, fragrances, cosmetic ingredients and aroma chemicals in the world. Symrise was founded in 1874 and is based in Holzminden, Germany.

Sell -
Buyer

Accent Equity

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Accent Equity Partners is a middle-market private equity firm that targets buyout and expansion capital investments in Scandinavia. Accent Equity is sector agnostic and generally prefers acquiring controlling positions. Accent Equity was formed in 1994 and is based in Stockholm.

DEAL STATS #
Overall 21 of 69
Sector (Leisure) 1 of 1
Type (Divestiture) 2 of 13
Country (Sweden) 18 of 55
Year (2007) 2 of 4
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 INR Sverige

Malmo, Sweden

INR Sverige designs, manufactures and sells bathroom furniture, tailored shower solutions, accessories, and towel heaters. The design is simple Scandinavian, high-quality products with attention to detail. INR was founded in 1988 and is based in Malmo, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-04 Crem International AB

Arvika, Sweden

Crem International AB is a manufacturer and distributor of professional coffee machines. Crem International AB was established in 1993 and is based in Arvika, Sweden.

Buy -
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 44 of 74
Sector (Leisure) 1 of 1
Type (Divestiture) 3 of 3
Country (Sweden) 3 of 3
Year (2007) 6 of 25
Size (of disclosed) 11 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 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.

Buy €3.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-25 Fat Face

Havant, United Kingdom

Fat Face retails premium men's, women's and children's clothing and accessories, created by its own in-house design team. Fat Face was founded in 1988 and is based in Havant, United Kingdom.

Buy £360M

Seller(S) 1

SELLER

Hilton

McLean, Virginia, United States
Category Company
Founded 1919
Sector Leisure
Employees178,000
Revenue 10.2B USD (2023)
DESCRIPTION
Hilton's corporate headquarters in McLean, Virginia.
Hilton's corporate headquarters in McLean, Virginia.

Hilton is a global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. Hilton was founded in 1919 and is based in McLean, Virginia.

DEAL STATS #
Overall 2 of 6
Sector (Leisure) 1 of 5
Type (Divestiture) 1 of 3
Country (Sweden) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-09 LivingWell Premier Health and Fitness Clubs

United Kingdom

LivingWell Premier health and fitness clubs in UK.

Sell £90M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-04 Park Hotels & Resorts

Tysons, Virginia, United States

Park Hotels & Resorts is a real estate investment trust with a diverse portfolio of hotels and resorts. Park’s portfolio currently consists of premium-branded hotels and resorts with over 30,000 rooms located in prime U.S. markets. Park Hotels & Resorts is based in Tysons, Virginia.

Sell -
Mergr

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