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M&A Deal Summary

Kartesia Acquires Pyrex

On April 22, 2020, lender Kartesia acquired consumer products company Pyrex from Aurora Resurgence

Acquisition Highlights
  • This is Kartesia’s 2nd transaction in the Consumer Products sector.
  • This is Kartesia’s 5th transaction in France.

M&A Deal Summary
Date 2020-04-22
Target Pyrex
Sector Consumer Products
Buyer(s) Kartesia
Sellers(s) Aurora Resurgence
Deal Type Secondary Buyout

Target

Pyrex

Chateauroux, France
Pyrex is a manufacturer and distributor of glassware and cookware for domestic and professional use. The Company offers a range of heat-resistant glass and metal products including oven dishes, bakeware, pots, pans, and food storage containers for cooking, baking, and meal preparation. Pyrex was founded in 1915 and is based in Chateauroux, France.

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Buyer(S) 1

Buyer

Kartesia

Investor Investor Investor Investor Investor

Category Lender
Founded 2013
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Kartesia is a private investment group and lender that looks to invest in lower middle-market companies throughout the European Union and Central Europe. The Firm is industry agnostic and seeks to commit €10 to €100 million in profitable companies with at least €5 million of EBITDA. Proceeds are typically invested alongside sponsors to support buyouts, recapitalizations, shareholder liquidity needs, or restructurings. Kartesia was established in 2013 and is headquartered in London.

DEAL STATS #
Overall 14 of 36
Sector: Consumer Products M&A 2 of 2
Type: Secondary Buyout M&A Deals 6 of 16
Country: France M&A 5 of 7
Year: 2020 M&A 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 PlanetHome Group

Munich, Germany

PlanetHome Group is a real estate service provider with a network of highly qualified and permanent real estate consultants who looks after real estate customers personally. The company bridges the gap between experience and the use of innovative tools to guide customers to their goals quickly and individually. PlanetHome Group was founded in 2000 and is based in Munich, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-12 Optimapharm

Zagreb, Croatia

Optimapharm is a clinical research organization. Optimapharm was founded in 2005 and is based in Zagreb, Croatia.

Buy -

Seller(S) 1

SELLER

Aurora Resurgence

Investor Investor

Category Distressed Investor
Founded 1991
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Aurora Resurgence is a private equity firm focused on complex or special situation investments. The Firm is associated with private equity group Aurora Capital Group and looks to invest $25 to $100 million of equity or debt capital to support a variety of investment situations including buyouts, carve-outs, recapitalizations, 363 sales, secondary debt purchases, DIP financings, and restructurings. Aurora Resurgence is based in Los Angeles, California.

DEAL STATS #
Overall 10 of 10
Sector: Consumer Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 5
Country: France M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 LandCare

Frederick, Maryland, United States

LandCare is a national provider of landscape maintenance services and offers a comprehensive suite of commercial landscaping services, including turf care, irrigation maintenance, color and ground cover, lawn and shrub pest control, mulch, specialty projects, hardscaping, and snow removal. LandCare currently operates 47 branches across 16 states and Washington DC and provides its services to a diverse group of commercial customers, including multi-family housing operators, office/industrial buildings and government facilities.

Sell -
Mergr

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