M&A Deal Summary

Glendower Capital Acquires HTGroup

On September 19, 2019, secondary investor Glendower Capital acquired transportation company HTGroup from ProA Capital and ATP Private Equity Partners

Acquisition Highlights
  • This is Glendower Capital’s 1st transaction in the Transportation sector.
  • This is Glendower Capital’s 2nd transaction in Spain.

M&A Deal Summary
Date 2019-09-19
Target HTGroup
Sector Transportation
Buyer(s) Glendower Capital
Sellers(s) ProA Capital
ATP Private Equity Partners
Deal Type Secondary Buyout

Target

HTGroup

Zaratán, Spain
HTGroup is a provider of medical transport services for both the public and private sectors, with a fleet of more than 2,000 ambulances that serve more than 18 million people. HTGroup is based in Zaratán, Spain.

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Buyer(S) 1

Buyer

Glendower Capital

Investor Investor Investor Investor Investor

Category Secondary Investor
Founded 2017
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Glendower Capital is a secondary private equity firm focused on acquiring secondary interests and providing liquidity to investors on a global basis. Glendower Capital was established in 2017 and is headquartered in London with an additional office in New York City.

DEAL STATS #
Overall 3 of 3
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (Spain) 2 of 2
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-19 Rotor Bike Components

Madrid, Spain

Rotor Bike Components is a designer and manufacturer of high-quality bicycle components, with products such as plates, rods, potentiometers, and gear-change systems. Rotor Bike Components was established in 1996 and is based in Madrid, Spain.

Buy -

Seller(S) 2

SELLER

ProA Capital

Madrid, Spain

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 1.5B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

ProA Capital is a private equity group firm that invests companies located in Spain. The firm focuses on unlisted medium-sized market companies between €30 and €500 million of company value. Types of transactions include MBO, MBI, SBO, LBO, build-up, Growth capital. The firms invest up to €100 million per operation, with the additional capacity of our co-investors. ProA Capital was formed in 2007 and raised its first fund in 2008. The Firm is based in Madrid.

DEAL STATS #
Overall 8 of 11
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 4 of 5
Country (Spain) 8 of 11
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-19 Rotor Bike Components

Madrid, Spain

Rotor Bike Components is a designer and manufacturer of high-quality bicycle components, with products such as plates, rods, potentiometers, and gear-change systems. Rotor Bike Components was established in 1996 and is based in Madrid, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-26 Solitium

Zaragoza, Spain

Solitium is a group of companies specialized in office, computer and communications services, document management solutions for SMEs, large format and 3D printing. Solitium was established in 2005 and is based in Zaragoza, Spain.

Buy -
SELLER

ATP Private Equity Partners

Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

ATP Private Equity Partners is a Danish institutional investment firm focused on investing in private equity funds across Europe, North America, and select emerging markets. The Firm is supported by ATP, Denmark's largest pension fund. In addition to investing in private equity funds, ATP also looks to for co-investment situations. ATP Private Equity Partners was formed in 2001 and is headquartered in Copenhagen, Denmark.

DEAL STATS #
Overall 26 of 34
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 8 of 12
Country (Spain) 2 of 2
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 Phase One

Frederiksberg, Denmark

Phase One is a provider of image processing software for professionals, prosumers, and companies. Phase One is also the world leader in digital medium format cameras for professional photographers and industrial applications. Phase One was established in 1993 and is based in Frederiksberg, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-05 Ancestry

Provo, Utah, United States

Ancestry.com is a provider of family history and consumer genomics information, and helps people gain a new level of understanding about their lives. The Company's suite of history products include Archives, Fold3, Newspapers.com, AncestryDNA, and AncestryHealth. Ancestry.com was formed in 1990 and is based in Provo, Utah.

Sell $4.7B
Mergr

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