M&A Deal Summary

Glory Acquires Talaris

On July 9, 2012, Glory acquired business services company Talaris from The Carlyle Group and Ardian for 650M GBP

Acquisition Highlights
  • This is Glory’s 1st transaction in the Business Services sector.
  • This is Glory’s largest (disclosed) transaction.
  • This is Glory’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2012-07-09
Target Talaris
Sector Business Services
Buyer(s) Glory
Sellers(s) The Carlyle Group
Ardian
Deal Type Add-on Acquisition
Deal Value 650M GBP

Target

Talaris

Basingstoke, United Kingdom
Talaris Ltd. designs, manufactures, sells and maintains cash management solutions with customers across the banking, retail and gaming sectors.

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Buyer(S) 1

Buyer

Glory

Basingstoke, United Kingdom

Category Company
Sector Information Technology
DESCRIPTION

Glory is a provider of IT secure cash management solutions that provide the financial, retail, QSR, cash center, and gaming industries with confidence that their cash is protected and always working to help build a stronger business. Glory cash automation technologies and process engineering services help businesses in more than 100 countries optimize the handling, movement, and management of cash. Glory is based in Basingstoke, United Kingdom.


DEAL STATS #
Overall 1 of 8
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 6
Country (United Kingdom) 1 of 2
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-05 United Steel Structures

Guangzhou, China

USSL is one of the largest structural steel fabricators in China targeting global structural steel market. It takes full advantage of industry-leading technology and advanced equipment, extensive project management skills and high English proficiency, coupled with on-time, on-budget performance, and earns the trusts and supports from the worlds’ top clients in a variety of sectors across the globe.

Buy -

Seller(S) 2

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 205 of 480
Sector (Business Services) 10 of 22
Type (Add-on Acquisition) 99 of 197
Country (United Kingdom) 15 of 36
Year (2012) 16 of 29
Size (of disclosed) 37 of 135
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-05 Jiangsu Sinorgchem Technology

Shanghai, China

Jiangsu Sinorgchem Technology Co., Ltd. is China's largest producer of para-phenylenediames, which is a key rubber chemical additive.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-11 Cyient

Hyderabad, India

Cyient provides leading-edge engineering solutions, including product development and life-cycle support, process, network and content engineering to major organizations worldwide. Cyient was founded in 1991 and is based in Hyderabad, India.

Buy -
SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 56 of 222
Sector (Business Services) 5 of 18
Type (Add-on Acquisition) 17 of 52
Country (United Kingdom) 3 of 15
Year (2012) 10 of 14
Size (of disclosed) 13 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-04 Arkadin S.A.

Paris, France

Founded in France in 2001, Arkadin provides a complete range of remote collaboration solutions (audio, web and video conferencing services).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-27 Fives

Paris, France

Fives is an international industrial engineering group that designs and produces equipment, primarily for the automotive, steel and aluminium industries. Fives has participated in the modernization of various global industries, including steel, aluminium, cement, energy, and more recently, the automotive and aerospace industries, as well as logistics. The group’s rich history is grounded in constant innovation, development of proprietary technologies, international expansion and a pioneering spirit. This enables Fives to have a comprehensive global vision of the various industries in which it operates, as well as strong expertise in the design of critical equipment and solutions for industrial processes. Fives was founded in 1812 and is based in Paris, France.

Buy €850M