M&A Deal Summary

John Laing Group Acquires Project Service

On May 19, 2016, infrastructure investor John Laing Group acquired restaurant Project Service from The Carlyle Group for 105M USD

Acquisition Highlights
  • This is John Laing Group’s 1st transaction in the Restaurants sector.
  • This is John Laing Group’s largest (disclosed) transaction.
  • This is John Laing Group’s 1st transaction in the United States.
  • This is John Laing Group’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2016-05-19
Target Project Service
Sector Restaurants
Buyer(s) John Laing Group
Sellers(s) The Carlyle Group
Deal Type Secondary Buyout
Deal Value 105M USD

Target

Project Service

New Haven, Connecticut, United States
Project Service LLC is an operator of 23 Connecticut Service Plazas on I-95, RT.15 & I-395. The company operates quick service restaurants, retail locations, convenience stores, and fuel services stations. Project Service was formed in 2009 and is based in Milford.

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Buyer(S) 1

DESCRIPTION

John Laing is a publicly traded investment group focused on greenfield infrastructure projects. The Firm is focused on major transport, social and environmental infrastructure projects awarded under governmental public-private partnership (PPP) programs, and renewable energy projects, across a range of international markets including the UK, Europe, Asia Pacific and North America. John Laing is based in London.


DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 302 of 480
Sector (Restaurants) 5 of 6
Type (Secondary Buyout) 60 of 117
State (Connecticut) 6 of 6
Country (United States) 183 of 259
Year (2016) 11 of 26
Size (of disclosed) 110 of 135
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-16 Mazarine Energy

Den Haag, Netherlands

Mazarine Energy is an upstream oil and gas company with existing assets in Tunisia, engages in acquisitions, focusing on low risk, near-term, conventional exploration, development and production opportunities in Europe, Africa and the broader Mediterranean region. Mazarine Energy is based in Den Haag, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-24 Marle

Lyon, France

Marle is an independent implant contract manufacturing company. The Company provides specialised manufacturing services for the production of a wide range of hip, knee, shoulder, spine and extremities implants as well as orthopaedic instruments of the highest quality. Marle was founded in 1964 and is based in Lyon, France.

Sell -