Add-on Acquisition • Business Services

Hoist Group Acquires Locatel France SAS

On April 11, 2014, Hoist Group acquired business services company Locatel France SAS from TCR Capital and Epiris

Acquisition Context
  • This is Hoist Group’s 1st transaction in the Business Services sector.
  • This is Hoist Group’s 1st transaction in France.

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M&A Deal Summary

Date April 11, 2014
Target Locatel France SAS
Sector Business Services
Buyer(s) Hoist Group
Sellers(s) TCR Capital
Epiris
Deal Type Add-on Acquisition

Target Company

Locatel France SAS

Nanterre, France
Locatel France SAS originally created as a national and basic TV rental company, Locatel has successfully changed its business model to become the leading European provider in interactive TV solutions for the hotel and healthcare sectors.
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Buyer Overview 1

Buyer

Hoist Group

Stockholm, Sweden

Category Company
Founded 1994
Sector Information Technology
Revenue 387M SEK (2014)
DESCRIPTION

Hoist Group provides technology solutions to hotels, enabling them to manage coherent end-to-end digital journeys for their guests. Hoist Group optimizes guest services by correlating and analyzing the data that comes from its innovative property management & booking software, managed IP networks, internet and TV as well as from many other digital touchpoints. Hoist Group was formed in 1994 and is based in Stockholm, Sweden.


Deal Context for Buyer #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Add-on Acquisition 1 of 1
Country: France 1 of 1
Year: 2014 1 of 1

Seller Profiles 2

SELLER

TCR Capital

Paris, France

Category Private Equity Firm
Founded 1980
PE ASSETS 300M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

TCR Capital is an independent private equity firm specializing in middle-market French buyouts and corporate spin-offs. TCR invests in companies generating €20 to €200 million of revenue. TCR generally seeks to be the lead (or co-lead) investor and will consider both majority and minority positions. Sectors of interest include business services, consumer services, specialized distribution, leisure, and niche manufacturing. The Firm will not invest in real estate, business start-ups, turnarounds, heavy industry, or companies exposed to either technology or commodity risk. TCR Capital was formed in 1980 and is based in Paris.


Deal Context for Seller #
Overall 12 of 14
Sector: Business Services 2 of 2
Type: Add-on Acquisition 3 of 3
Country: France 11 of 13
Year: 2014 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-05 Locabri

Brignais, France

Locabri operates two complementary businesses, the rental of modular structures to clients requiring temporary warehouse space and the design and assembly of these structures. Locabri was founded in 1975 and is based in Brignais, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-07 Intech

Rang-du-Fliers, France

Intech is a contract manufacturer of surgical instruments, implants, cases & trays, and silicone handles. With a highly renowned R&D team Intech develops valuable solutions for the industry with a range of turnkey equipment from its inception manufactures orthopedic surgical tools to be used in the highly demanding spinal surgery sector. Intech was established in 1999 and is based in Rang-du-Fliers, France.

Sell -
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 Context for Seller #
Overall 34 of 51
Sector: Business Services 2 of 3
Type: Add-on Acquisition 10 of 17
Country: France 4 of 4
Year: 2014 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-21 Calrec Audio

Calderdale, United Kingdom

Calrec Audio Ltd. has manufactured high quality audio products to the broadcast marketplace since 1964.

Buy $23M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-28 Innovia

Cumbria, United Kingdom

Innovia makes high-tech transparent and coated films for packaging and labels. Its bi-orientated polypropylene (BOPP) films are extruded from oil through a unique 'bubble’ technology. It is also the only scale manufacturer of cellulose film made from wood pulp (Cello) outside Japan.

Buy €498M