M&A Deal Summary

HBOS Acquires TM Group Holdings

On September 1, 2006, HBOS acquired retailer TM Group Holdings from Motion Equity Partners, Montagu and Epiris

Acquisition Highlights
  • This is HBOS’s 1st transaction in the Retail sector.
  • This is HBOS’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2006-09-01
Target TM Group Holdings
Sector Retail
Buyer(s) HBOS
Sellers(s) Motion Equity Partners
Montagu
Epiris
Deal Type Add-on Acquisition

Target

TM Group Holdings

Brentwood, United Kingdom
TM Group comprised the Forbuoys chain of newsagents and convenience stores, Mayfair Services, the leading UK cigarette vending company, and Vendepac, the leading operator of food and drink vending machines in the UK.

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Buyer(S) 1

Buyer

HBOS

Edinburgh, United Kingdom

Category Company
Founded 2001
Sector Financial Services
Employees46,820
DESCRIPTION

HBOS plc is a banking and insurance company in the United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2006 M&A 1 of 1

Seller(S) 3

SELLER

Motion Equity Partners

Paris, France

Investor Investor Investor


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

Motion Equity Partners is a European private equity firm that targets large buyouts and turnaround situations valued up to €300 million. Broad areas of interest include consumer (leisure, retail, household and consumer goods, food/beverages), industrial (building materials, automotive, manufacturing, chemicals), business services (outsourced services, logistics and transportation, facilities management), and healthcare services and equipment. Motion prefers opportunities located in France, the UK, Germany, and Italy and looks to commit €20 to €80 per transaction. Motion Equity Partners was established in 2001 and is headquartered in Paris.


DEAL STATS #
Overall 12 of 32
Sector: Retail M&A 1 of 3
Type: Add-on Acquisition M&A Deals 8 of 17
Country: United Kingdom M&A 9 of 13
Year: 2006 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-20 Amtico International

Coventry, United Kingdom

Amtico International Ltd. is the market leader in design-led vinyl flooring operating in Europe, the USA and Australia, supplying the commercial and residential flooring markets.

Sell £98M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-17 BWG Foods

Dublin, Ireland

At acquisition, BWG was made up of five businesses involved in convenience retailing and wholesaling of food, drink and tobacco to independent retailers in the UK and Ireland, as well as Newhill’s property assets. The group had been a corporate orphan within Pernod Ricard and the investment case was to focus on the profitable areas of activity, improve cashflow by tightening working capital management and dispose of surplus assets.

Sell €390M
SELLER

Montagu

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 11.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Montagu is an independent private equity firm focused on European management buyouts and growth capital transactions. The Firm seeks opportunities valued between €100 million and €1 billion. Sectors of interest include healthcare, medical products, financial services, software, IT, information services, and education. Montagu dates back to 1968 and is based in London.


DEAL STATS #
Overall 38 of 76
Sector: Retail M&A 2 of 3
Type: Add-on Acquisition M&A Deals 16 of 31
Country: United Kingdom M&A 27 of 41
Year: 2006 M&A 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 Volution

Crawley, United Kingdom

Volution is a manufacturer and distributor of ventilation products. The company operates through two divisions: the Ventilation Group, which primarily supplies ventilation products for residential and commercial construction applications in the UK, the Nordics, the Benelux countries and Germany; and Torin-Sifan, which supplies motors, fans and blowers to OEMs of heating and ventilation products for both residential and commercial construction applications in Europe. Volution was founded in 2014 and is based in Crawley, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 British Car Auctions

Hindhead, United Kingdom

BCA is Europe's vehicle remarketing business, providing physical and electronic vehicle auctions, together with a range of e-commerce activities and other related services. BCA operates out of 40 sites in 11 countries and generates gross auction proceeds of GBP3.3 billion per annum.

Buy -
SELLER

Epiris

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra Partners is a UK-based private equity firm focused on buyouts, co-investments, secondary fund purchases, and debt investing. The Firm's direct investing group looks to make majority or minority investments of £50 to £250 million in deals valued up to £500 million. Electra was formed in 1976 and is based in London.


DEAL STATS #
Overall 18 of 51
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 17
Country: United Kingdom M&A 16 of 41
Year: 2006 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-03 Travelsphere Holdings

Leicestershire, United Kingdom

Travelsphere is the UK's largest direct-sell, overseas escorted holiday provider for the 45+ age group.

Buy £155M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-20 Lil-lets Group

Solihull, United Kingdom

Lil-lets Group Ltd. is a branded feminine hygiene consumer products business; a market leader in both the UK and South Africa. This transaction will allow management to focus solely on the Lil-lets brand with a view to developing its market position and customer base.

Buy -