M&A Deal Summary

Hutton Collins Partners, Ardian and Vitruvian Partners Acquire Sciensus

On August 1, 2007, private equity firms Hutton Collins Partners, Ardian and Vitruvian Partners acquired healthcare services company Sciensus from Apax

Acquisition Highlights
  • This is Hutton Collins Partners’ 1st, Ardian’s 6th and Vitruvian Partners’ 1st transaction in the Healthcare Services sector.
  • This is Hutton Collins Partners’ 8th, Ardian’s 4th and Vitruvian Partners’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2007-08-01
Target Sciensus
Sector Healthcare Services
Buyer(s) Hutton Collins Partners
Ardian
Vitruvian Partners
Sellers(s) Apax
Deal Type Secondary Buyout
Advisor(s) Jamieson Corporate Finance LLP (Financial)

Target

Sciensus

Burton-upon-Trent, United Kingdom
Sciensus is a provider of complex healthcare in the home environment, enhancing the quality of life for its patients through the provision of treatment in the comfort of their own homes. Sciensus was founded in 1992 and is based in Burton-upon-Trent, United Kingdom.

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Buyer(S) 3

Buyer

Hutton Collins Partners

London, United Kingdom

Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Hutton Collins is a UK-based investor in established, profitable, mid-sized Western European businesses. Hutton invests mezzanine, preferred, and minority equity capital to support buyouts, acquisition financings, expansions, restructurings, and shareholder liquidity needs. Hutton generally invests €35 to €100 million in businesses valued between €100 and €500 million. The Firm has particular interest in opportunities throughout Spain, France, and Italy. Hutton is a generalist investor and has deep expertise in business services, leisure, healthcare, and financial services. Hutton Collins is based in London.


DEAL STATS #
Overall 13 of 23
Sector (Healthcare Services) 1 of 1
Type (Secondary Buyout) 5 of 6
Country (United Kingdom) 8 of 14
Year (2007) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 Loch Fyne Restaurants

Bury St Edmonds, United Kingdom

Loch Fyne Restaurants is an operator of seafood restaurants in the UK.

Sell £68M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-01 Hey Human

London, United Kingdom

Hey Human is an integrated independent marketing agency in the UK. The agency is focused on delivering innovative campaigns for leading brands and the major UK and international clients. It focuses on direct, digital broadcast, promotional, experiential, and advertising solutions. Hey Human was founded in 1990 and is based in London, United Kingdom.

Buy -
Buyer

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 90 of 418
Sector (Healthcare Services) 6 of 15
Type (Secondary Buyout) 25 of 137
Country (United Kingdom) 4 of 26
Year (2007) 17 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-25 Everis Group

Madrid, Spain

Everis Group is a multinational IT consulting services business headquartered in Spain that offers global solutions to clients in the telecom, industrial, insurance, financial services, public sector and utility industries

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-17 The Container Store

Coppell, Texas, United States

The Container Store is a specialty retailer of storage and organizational solutions. The Company currently operates highly-productive destination specialty retail stores across the U.S., an internet and mail order business, and a wholesale business. The Container Store was founded in 1978 and is based in Coppell, Texas.

Buy -
Buyer

Vitruvian Partners

London, United Kingdom

Category Private Equity Firm
Founded 2006
PE ASSETS 8.5B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Vitruvian Partners is an independent private equity firm that specializes in middle-market buyouts, growth buyouts and growth capital investments in the UK and elsewhere in Northern Europe. Vitruvian looks for companies that are 'operating in dynamic situations, where there is an opportunity to build strategic value'. The Group's target investment size is £25 to £150 million in transactions valued up to £500 million. Sectors of interest include business services, consumer services, financial services, life science, healthcare services, media, technology, communications, and internet software. Vitruvian Partners was formed in 2006 and is based in London.


DEAL STATS #
Overall 1 of 67
Sector (Healthcare Services) 1 of 2
Type (Secondary Buyout) 1 of 15
Country (United Kingdom) 1 of 27
Year (2007) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 Tinopolis

Carmarthenshire, United Kingdom

The Tinopolis Group is an international media producer and distributor. In the USA we produce television programmes for all the top networks and in the UK we are one of the largest independent television suppliers to major broadcasters.

Buy -

Seller(S) 1

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 29 of 172
Sector (Healthcare Services) 1 of 12
Type (Secondary Buyout) 10 of 61
Country (United Kingdom) 6 of 24
Year (2007) 13 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-16 SMART Technologies

Calgary, Alberta, Canada

SMART Technologies, Inc. is a provider of interactive display ICT products with products including interactive whiteboards, voting devices, pen displays and associated software such as classroom management and web conferencing software. SMART's products are sold to schools worldwide for use in classrooms, and increasingly to government departments and businesses for use in meeting rooms.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-03 Encompass Home Health

Dallas, Texas, United States

Encompass Home Health, Inc. (fka Advanced Homecare Management) is a provider of Medicare home nursing services in the large and highly fragmented Texas, Oklahoma and New Mexico markets.

Sell -