M&A Deal Summary

Goldman Sachs Merchant Banking Acquires Oikos Group

On March 9, 2021, private equity firm Goldman Sachs Merchant Banking acquired real estate company Oikos Group from Equistone

Acquisition Highlights
  • This is Goldman Sachs Merchant Banking’s 3rd transaction in the Real Estate sector.
  • This is Goldman Sachs Merchant Banking’s 1st transaction in Cyprus.

M&A Deal Summary

Date 2021-03-09
Target Oikos Group
Sector Real Estate
Buyer(s) Goldman Sachs Merchant Banking
Sellers(s) Equistone
Deal Type Secondary Buyout

Target

Oikos Group

Protaras, Cyprus
OIKOS GROUP is a Real Estate- Developing company dedicated to Exclusive Beachfront Properties. Oikos Group has been carrying out everything promised with ethos and dignity. Oikos Group with the experience of more than 50 projects for the last 10 years, continues to rise by creating unique projects for unique people in Prime Locations. Oikos Group is based in Protaras, Cyprus.

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Buyer(S) 1

Buyer

Goldman Sachs Merchant Banking

New York, New York, United States

Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.


DEAL STATS #
Overall 172 of 189
Sector: Real Estate M&A 3 of 3
Type: Secondary Buyout M&A Deals 60 of 68
Country: Cyprus M&A 1 of 1
Year: 2021 M&A 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Nuxeo

Brooklyn, New York, United States

Nuxeo provides an extensible and modular Enterprise Content Management Platform enabling architects and developers to easily build and run business applications. The Nuxeo Platform offers modern technologies, a powerful plug-in model and extensive packaging capabilities for Document Management, Digital Asset Management and Case Management applications. Over 1,000 organizations rely on Nuxeo to run business-critical applications, including TBWA, Electronic Arts, Verizon, Sharp, Capital One, and the U.S. Navy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-24 Trackunit

Aalborg, Denmark

Trackunit is specialized in telematics solutions for all sizes of fleets across a wide range of industries. Its solutions meet the challenges and exacting demands of leading businesses world-wide, from the transport and service sectors to rental companies and the construction industry. Trackunit was founded in 1998 and is based in Aalborg, Denmark.

Sell -

Seller(S) 1

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 174 of 206
Sector: Real Estate M&A 2 of 3
Type: Secondary Buyout M&A Deals 83 of 96
Country: Cyprus M&A 1 of 1
Year: 2021 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 KWC Group

Unterkulm, Switzerland

KWC Group is a designer and manufacturer of fittings and accessories for residential and commercial kitchens, bathrooms, and washrooms. KWC Group is made up of three segments: KWC Home, Professional, and Medical. KWC Group has an extensive distributor network and employs people across its six production facilities, R&D centers, and sales offices in Switzerland, China, the United Arab Emirates, Germany, Finland, and the UK. KWC Group is based in Unterkulm, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-07 Timetoact Group

Cologne, Germany

Timetoact Group is an IT consultancy and services provider that comprises nine specialist brands in 16 locations across Germany, Austria, and Switzerland: ARS, CLOUDPILOTS, edcom, GIS, IPG, novaCapta, synaigy, TIMETOACT, and X-INTEGRATE. The group offers its clients a comprehensive range of IT service solutions in the area of a digital workplace, process automation & optimisation, business intelligence, identity & access management as well as customer experience. The group’s clients primarily include medium-sized businesses as well as large corporations in the industrial, financial, and service sectors as well as public sector institutions. Timetoact Group is based in Cologne, Germany.

Buy -