Secondary Buyout • Apparel/Textiles

Lone Star Funds Acquires Balta Group

On June 15, 2015, private equity firm Lone Star Funds acquired apparel/textiles company Balta Group from DH Private Equity Partners

Acquisition Context
  • This is Lone Star Funds’ 1st transaction in the Apparel/Textiles sector.
  • This is Lone Star Funds’ 1st transaction in Belgium.

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M&A Deal Summary

Date June 15, 2015
Target Balta Group
Sector Apparel/Textiles
Buyer(s) Lone Star Funds
Sellers(s) DH Private Equity Partners
Deal Type Secondary Buyout

Target Company

Balta Group

Sint-Baafs-Vijve, Belgium
Balta Group is an European manufacturer of wall-to-wall carpets and a global leader in the manufacture of area rugs. The combination of laminates and rugs is complementary to carpet production and provides a stable portfolio effect. Balta is vertically integrated for the purposes of yarn production. Balta Group was founded in 1998 and is based in Sint-Baafs-Vijve, Belgium.
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Buyer Overview 1

Buyer

Lone Star Funds

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 95.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lone Star Funds is a global private investment firm focused on investing across several strategies. The Firm's primary investment activity surrounds financial services and real estate. Lone Star generally looks to acquire distressed debt and equity assets including corporate, commercial real estate, single family residential and consumer debt products as well as banks and asset rich operating companies. Lone Star was formed in 1995 and is based in Dallas, Texas with additional offices across Western Europe and Asia.


Deal Context for Buyer #
Overall 10 of 29
Sector: Apparel/Textiles 1 of 1
Type: Secondary Buyout 3 of 13
Country: Belgium 1 of 2
Year: 2015 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-26 Jurys Inn Group

Dublin, Ireland

Jurys Inn operates 31 hotels across Ireland, Britain and Prague, employing around 2,000 people in total. The Company is headquartered in Dublin, Ireland.

Buy €900M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-22 Home Properties

Rochester, New York, United States

Home Properties is a multifamily real estate investment trust (REIT) with operations primarily along the East Coast of the United States. Home Properties owns, operates, acquires, and upgrades apartment communities. They adhere to a simple and straightforward business plan in their effort to provide investors with dependable financial returns that exceed those of comparable investments. Home Properties was founded in Rochester, New York.

Buy $7.6B

Seller Profile 1

SELLER

DH Private Equity Partners

London, United Kingdom

Category Private Equity Firm
Founded 1985
PE ASSETS 10.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

DH Private Equity Partners is an independent private equity firm focused on investments in traditional private equity, real estate, and venture capital. DH private equity group targets European mid-market businesses valued between €200 and €600 million. The Firm usually takes a majority stake in acquisitions, and looks for management participation as well. DH will consider investments across a range of industries, including building materials, packaging, energy, automotive, media, beverages, and luxury goods. DH Private Equity was formed in 1985 and is based in London.


Deal Context for Seller #
Overall 29 of 35
Sector: Apparel/Textiles 2 of 2
Type: Secondary Buyout 6 of 9
Country: Belgium 1 of 1
Year: 2015 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-12 Eurofiber

Maarssen, Netherlands

Eurofiber is a provider of fibre-optic network services. Eurofiber was founded in 2000 and is based in Maarssen, Netherlands.

Sell $983M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-03 TV3

Dublin, Ireland

TV3 is the only privately owned terrestrial free-to-air national commercial television channel in the Republic of Ireland.

Sell -