M&A Deal Summary

Intermediate Capital Group Acquires Konecta

On February 5, 2019, mezzanine finance firm Intermediate Capital Group acquired business services company Konecta from PAI Partners

Acquisition Highlights
  • This is Intermediate Capital Group’s 21st transaction in the Business Services sector.
  • This is Intermediate Capital Group’s 12th transaction in Spain.

M&A Deal Summary

Date 2019-02-05
Target Konecta
Sector Business Services
Buyer(s) Intermediate Capital Group
Sellers(s) PAI Partners
Deal Type Secondary Buyout

Target

Konecta

Madrid, Spain
Konecta specializes in management and business process outsourcing solutions. Konecta is based in Madrid, Spain.

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Buyer(S) 1

Buyer

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 262 of 294
Sector: Business Services M&A 21 of 24
Type: Secondary Buyout M&A Deals 95 of 115
Country: Spain M&A 12 of 13
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 StellaGroup

Labège, France

StellaGroup is a manufacturer of roller shutters, grilles, and metal shutters. Its 900 employees design and manufacture doors, shutters, fences and gates for both the residential and industrial markets. StellaGroup operates five plants located in France, serving over 10,000 customers. StellaGroup is based in Labège, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-12 Interbest

Breda, Netherlands

Interbest is a provider of outdoor advertising services on advertising masts. Interbest is based in Breda, Netherlands.

Sell -

Seller(S) 1

SELLER

PAI Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 28.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.


DEAL STATS #
Overall 40 of 52
Sector: Business Services M&A 3 of 3
Type: Secondary Buyout M&A Deals 21 of 26
Country: Spain M&A 2 of 3
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 StellaGroup

Labège, France

StellaGroup is a manufacturer of roller shutters, grilles, and metal shutters. Its 900 employees design and manufacture doors, shutters, fences and gates for both the residential and industrial markets. StellaGroup operates five plants located in France, serving over 10,000 customers. StellaGroup is based in Labège, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-21 Areas

Barcelona, Spain

Areas engages in the travel catering and retail industry. Areas welcome 330 million customers each year in 2,000 restaurants and points of sale in 13 countries, throughout Europe as well as in the USA, Mexico, and Chile. Areas is based in Barcelona, Spain.

Buy -