M&A Deal Summary

KKR Acquires A-Gas

On June 5, 2017, private equity firm KKR acquired distribution company A-Gas from LDC

Acquisition Highlights
  • This is KKR’s 2nd transaction in the Distribution sector.
  • This is KKR’s 14th transaction in the United Kingdom.

M&A Deal Summary

Date 2017-06-05
Target A-Gas
Sector Distribution
Buyer(s) KKR
Sellers(s) LDC
Deal Type Secondary Buyout

Target

A-Gas

Bristol, United Kingdom
A-Gas is an independent global specialist blender, re-packer, and distributor of specialty gases and chemicals to the refrigeration and insulation foam industries, primarily focusing on environmentally acceptable replacement products for chlorofluorocarbon (“CFC”) gases and liquids. A-Gas was founded in 1993 and is based in Bristol, United Kingdom.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 239 of 483
Sector (Distribution) 2 of 4
Type (Secondary Buyout) 48 of 107
Country (United Kingdom) 14 of 29
Year (2017) 20 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-26 Kokusai Electric

Tokyo, Japan

Kokusai Electric is a producer of semiconductor manufacturing equipment, class coating technology, delivering products and services to the world’s top manufacturers. Kokusai Electric is based in Tokyo, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-14 Q-Park B.V.

Maastricht, Netherlands

Q-Park B.V. is a provider of parking facilities in Europe, with over 800,000 parking spaces in ten countries, in over 5,800 secure, clean and well-managed facilities. Q-Park Nordics customer base held by securing parking space concentrated in highly convenient metropolitan areas in each of the three countries. Q-Park B.V. was founded in 1998 and is based in Maastricht, Netherlands.

Buy €3.0B

Seller(S) 1

SELLER

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.6B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. LDC was formed in 1981 and is based in London.


DEAL STATS #
Overall 109 of 199
Sector (Distribution) 3 of 6
Type (Secondary Buyout) 34 of 73
Country (United Kingdom) 106 of 193
Year (2017) 4 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-26 The UK2 Group

Shoreditch, United Kingdom

The UK2 Group is a global group of web hosting brands, providing web hosting and internet services to savvy surfers, small businesses and blue chip giants alike.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-09 Clifford Thames

Essex, United Kingdom

Clifford Thames (Holdings) Ltd. is a provider of outsourced services to the global automotive aftermarket parts, service and repair industry. Clifford Thames (Holdings) Ltd. was founded in 1948 and is based in Essex, United Kingdom.

Sell -