M&A Deal Summary

HgCapital Acquires Athletic Sport Sponsoring

On September 1, 2018, private equity firm HgCapital acquired automotive company Athletic Sport Sponsoring

Acquisition Highlights
  • This is HgCapital’s 3rd transaction in the Automotive sector.
  • This is HgCapital’s 19th transaction in Germany.

M&A Deal Summary

Date 2018-09-01
Target Athletic Sport Sponsoring
Sector Automotive
Buyer(s) HgCapital
Deal Type Buyout (LBO, MBO, MBI)

Target

Athletic Sport Sponsoring

Bochum, Germany
Athletic Sport Sponsoring is a flat-rate car subscription provider to members of closed user groups. Athletic Sport Sponsoring was founded in 1997 and is based in Bochum, Germany.

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Buyer(S) 1

Buyer

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.


DEAL STATS #
Overall 104 of 153
Sector: Automotive M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 29 of 36
Country: Germany M&A 19 of 28
Year: 2018 M&A 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-20 Kinapse

London, United Kingdom

Kinapse Ltd. is a provider of outsourced and consultancy services to the global life sciences industry with a particular focus on the areas of regulatory and compliance services. Kinapse is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-11 BrightPay

Duleek, Ireland

BrightPay provides easy-to-use and cutting-edge software solutions to enable SMEs to manage payroll, supported by excellent customer service. BrightPay is based in Duleek, Ireland.

Buy -