M&A Deal Summary

GameStop Acquires Micromania France SAS

On November 1, 2008, GameStop acquired retailer Micromania France SAS from L Capital Management and Omnes Capital for 480M EUR

Acquisition Highlights
  • This is GameStop’s 2nd transaction in the Retail sector.
  • This is GameStop’s 2nd largest (disclosed) transaction.
  • This is GameStop’s 1st transaction in France.

M&A Deal Summary
Date 2008-11-01
Target Micromania France SAS
Sector Retail
Buyer(s) GameStop
Sellers(s) L Capital Management
Omnes Capital
Deal Type Add-on Acquisition
Deal Value 480M EUR

Target

Micromania France SAS

Valbonne, France
Micromania is a video game retailer in France with 332 stores. Since the end of August 2005, when Pierre Cuilleret (founder of The Phone House) became President of Micromania, the company has strengthened its position as a leader, opening more than 130 stores in 3 years. Micromania team members share a successful, growth focused culture, founded on a passion for video games, offering personalized advice and customer service. With annual revenues on a current run-rate exceeding EUR 500 million, Micromania continues to build on its strong brand reputation. With its Megacarte loyalty program, and with initiatives such as the launch of its Pink Megacarte, hosting of in-store discovery events for senior people, Micromania has contributed to opening the video games market to a wider audience.

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Buyer(S) 1

Buyer

GameStop

Grapevine, Texas, United States
Category Company
Founded 1996
Sector Retail
Employees12,000
Revenue 5.3B USD (2024)
DESCRIPTION
GameStop's corporate headquarters in Grapevine, Texas.
GameStop's corporate headquarters in Grapevine, Texas.

GameStop is a video game and entertainment software retailer. GameStop was founded in 1996 and is based in Grapevine, Texas.

DEAL STATS #
Overall 3 of 11
Sector (Retail) 2 of 5
Type (Add-on Acquisition) 1 of 7
Country (France) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-04 Rhino Video Games

Gainesville, Florida, United States

Rhino Video Games a video game retailer.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-01 Jolt Online Gaming

Dublin, Ireland

Jolt Online Gaming is a publisher of free to play online games.

Buy -

Seller(S) 2

SELLER

L Capital Management

Paris, France
Category Private Equity Firm
Founded 2001
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

L Capital Management is a private equity firm that focuses on acquiring businesses primarily in Europe and also look for potential opportunities in North America and Asia. It looks to invests €15 - €60 million in companies with revenues of €30 - €400 million. The firm seeks to hold both minority and majority stake in portfolio companies along with co-investors. Specific areas of interest include personal care and well-being, personal equipment, home and family equipment and selective retailing. Types of transaction include LBO’s and growth capital financing. L Capital is sponsored by the LVMH Group and Groupe Arnault. L Capital was formed in 2001 and is based Paris, France with additional offices in Milan, Italy and Madrid, Spain.

DEAL STATS #
Overall 6 of 17
Sector (Retail) 1 of 3
Type (Add-on Acquisition) 2 of 4
Country (France) 2 of 8
Year (2008) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-01 Calligaris

Manzano, Italy

Calligaris is a designer, manufacturer, and distributor of contemporary furniture. Calligaris catalog includes tables, chairs, sofas, tableware, and lightings, made of wood, metal, and plastic. Calligaris was founded in 1923 and is based in Manzano, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-13 Nutrition & Sante SAS

Revel, France

Leader in functional and natural food in Europe, Nutrition & Santé manufactures and sales a broad range of products under the brands Gerblé, Isostar, Gerlinéa, Milical, Modifast, Pesoforma, Céréal Bio and Soy.

Sell -
SELLER

Omnes Capital

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 5.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Omnes Capital formerly known as Credit Agricole Private Equity (CAPE) is the investment arm of financial services group Credit Agricole. Omnes Capital looks to invest in a range of investment stages and transaction types, including LBO/expansion, venture capital, mezzanine, renewable energy, co-investment, infrastructure, and special situations. The Firm's LBO/expansion group looks to invest €25 to €80 million to support growth initiatives and buyouts of small and mid-cap businesses operating in a variety of industries. Omnes Capital generally invests in businesses operating in France and Italy. Omnes Capital's mezzanine area was formed in 2002 and looks to provide €5 to €30 million of junior capital to similar sized established businesses. In addition to Omnes Capital's traditional equity and subordinated debt investment arm, the Firm also invests in infrastructure projects as well as provides capital for distressed businesses with €10 to €150 million in revenue. Omnes Capital was formed in 2004 and is based in Paris.

DEAL STATS #
Overall 15 of 114
Sector (Retail) 1 of 5
Type (Add-on Acquisition) 6 of 52
Country (France) 12 of 87
Year (2008) 3 of 3
Size (of disclosed) 8 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-06 LEXSI Group

Bagnolet, France

LEXSI Group is a provider of IT system security services. LEXSI Group was founded in 1999 and is based in Babnolet, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-14 Methaneo

Paris, France

Methaneo specialises in the development of collective methanisation projects using biomass from agricultural and food waste. Methanisation entails the fermentation of organic matter, which produces energy thanks to the methane-rich biogas created by the procedure. The company focuses on 'territorial' methanisation projects.

Buy -
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