Secondary Buyout • Consumer Services

J.P. Morgan Private Equity Group Acquires Forus Deporte y Ocio

On February 26, 2021, private equity firm J.P. Morgan Private Equity Group acquired consumer services company Forus Deporte y Ocio from Baring Private Equity Partners Espana SA

Acquisition Context
  • This is J.P. Morgan Private Equity Group’s 1st transaction in the Consumer Services sector.
  • This is J.P. Morgan Private Equity Group’s 1st transaction in Spain.

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M&A Deal Summary

Date February 26, 2021
Target Forus Deporte y Ocio
Sector Consumer Services
Buyer(s) J.P. Morgan Private Equity Group
Sellers(s) Baring Private Equity Partners Espana SA
Deal Type Secondary Buyout

Target Company

Forus Deporte y Ocio

Madrid, Spain
Forus Deporte y Ocio is dedicated to the development, construction, and management of concession-operated municipal sports centers. Forus’s objective is to promote sports and healthy living habits, and therefore provide quality infrastructures with the best available equipment. Forus Deporte y Ocio was founded in 2010 and is based in Madrid, Spain.
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Buyer Overview 1

DESCRIPTION

J.P. Morgan Investment Management Inc. is the private equity and alternative investments group within JP Morgan Chase bank. The Unit was established in 1984 and is headquartered in New York City.


Deal Context for Buyer #
Overall 3 of 8
Sector: Consumer Services 1 of 1
Type: Secondary Buyout 1 of 2
Country: Spain 1 of 1
Year: 2021 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-03 El Paso Electric

El Paso, Texas, United States

El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 395,000 retail and wholesale customers in a 10,000 square mile area of the Rio Grande valley in west Texas and southern New Mexico. El Paso Electric was founded in 1901 and is based in El Paso, Texas.

Buy $4.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 Campbell Global

Portland, Oregon, United States

Campbell Global is an investment manager focused on timberland. Campbell Global has over three decades of experience in timberland management and value creation. A pioneer in the field, they have managed more than 5 million acres worldwide for pension funds, foundations, and other institutional investors since inception. Campbell Global combines ingenuity, data-supported decision making and a passion for responsible investing that delivers the best possible performance for each client and the Australia-based OneFortyOne business enterprise. Campbell Global is based in Portland, Oregon.

Buy -

Seller Profile 1

SELLER

Baring Private Equity Partners Espana SA

Madrid, Spain

Category Private Equity Firm
Founded 1987
PE ASSETS 335M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Baring Private Equity Partners España is a private equity firm that targets to invest in small and mid-sized market companies located in Spain and Portugal. It prefers to invest in all sectors with the exception of financial and real estate. BPEP looks to invest €10 to €20 million in valued companies with revenues greater than €30 million. Prospective transaction types include expansion, shareholder restructuring, MBOs, MBIs, and growth capital financing. The firm was formed in 1987 and is based in Madrid.


Deal Context for Seller #
Overall 6 of 7
Sector: Consumer Services 1 of 1
Type: Secondary Buyout 3 of 3
Country: Spain 6 of 7
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-19 Comercial Losan S.L.U.

Zaragoza, Spain

Comercial Losan S.L.U. is a clothing design and production company, with a colourful and fun casual look (“happy fashion”), for new-borns and children up to 16 years old, while also dealing in men’s and women’s collections.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 Adelte Group

Barcelona, Spain

Adelte Group is an innovative engineering organization that engages in the design and manufacture of products and technologies that support customers in their daily operations. Adelte Group was founded in 1991 and is based in Barcelona, Spain.

Sell -