M&A Deal Summary

Louis Dreyfus Holding B.V. Acquires Direct Energie SA

On December 31, 2006, Louis Dreyfus Holding B.V. acquired utilities company Direct Energie SA from CITA INVESTISSEMENT and Omnes Capital

Acquisition Highlights
  • This is Louis Dreyfus Holding B.V.’s 1st transaction in the Utilities sector.
  • This is Louis Dreyfus Holding B.V.’s 1st transaction in France.

M&A Deal Summary
Date 2006-12-31
Target Direct Energie SA
Sector Utilities
Buyer(s) Louis Dreyfus Holding B.V.
Sellers(s) CITA INVESTISSEMENT
Omnes Capital
Deal Type Add-on Acquisition

Target

Direct Energie SA

Paris, France
Alternative electricity provider for SMBs

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Buyer(S) 1

Buyer

Louis Dreyfus Holding B.V.

Amsterdam, Netherlands
Category Company
Founded 1851
Sector Renewable Energy
DESCRIPTION

Louis Dreyfus was founded in 1851 and has been instrumental in the development of grain trading throughout the world. Louis Dreyfus has since expanded its expertise to a wide variety of commodities and participates in various diversified businesses.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (France) 1 of 1
Year (2006) 1 of 1

Seller(S) 2

SELLER

CITA INVESTISSEMENT

Paris, France
Category Private Equity Firm
Founded 1985
PE ASSETS 76M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

CITA INVESTISSEMENT is an investment firm focused on providing capital across various business stages. CITA will consider providing venture capital for start-ups, development capital for companies in expansion, as well as funding leveraged buyouts of mature companies. CITA does not specialize in any particular industry sector and looks primarily at the management team when evaluating opportunities. CITA will consider investing as little as $1 million in venture transactions to as much as $15 million for leveraged buyouts. CITA INVESTISSEMENT was established in 1985 and is based in Paris.

DEAL STATS #
Overall 9 of 15
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 5 of 7
Country (France) 8 of 14
Year (2006) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-14 1001 listes SA

Paris, France

1001 listes SA is a provider of online wedding list services.

Sell €20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-19 Freejump System

Bordeaux, France

Freejumpsystem is a high tech French company incorporated in 2001. Its mission stems from the observation that riding - especially showjumping - is a fast changing sport where riders are looking for increasingly technical products to ensure better safety, improved performance and greater comfort for their horses.

Buy -
SELLER

Omnes Capital

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 5.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Omnes Capital formerly known as Credit Agricole Private Equity (CAPE) is the investment arm of financial services group Credit Agricole. Omnes Capital looks to invest in a range of investment stages and transaction types, including LBO/expansion, venture capital, mezzanine, renewable energy, co-investment, infrastructure, and special situations. The Firm's LBO/expansion group looks to invest €25 to €80 million to support growth initiatives and buyouts of small and mid-cap businesses operating in a variety of industries. Omnes Capital generally invests in businesses operating in France and Italy. Omnes Capital's mezzanine area was formed in 2002 and looks to provide €5 to €30 million of junior capital to similar sized established businesses. In addition to Omnes Capital's traditional equity and subordinated debt investment arm, the Firm also invests in infrastructure projects as well as provides capital for distressed businesses with €10 to €150 million in revenue. Omnes Capital was formed in 2004 and is based in Paris.

DEAL STATS #
Overall 7 of 115
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 4 of 52
Country (France) 5 of 88
Year (2006) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-09 Saverglass SAS

Feuquières, France

Saverglass SAS is a designer and manufacturer of high quality glass bottles for spirits and fine wines and, marginally, for the perfume sector.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Solar Energies

France

Solar Energies is a holding company set up to house shareholdings in renewable energy infrastructure. The company intends to set up solar power plants connected to the EDF network in the departments of Reunion Island, Martinique, and Guadeloupe. The solar power plants will be developed by Apex BP Solar, which is supplying them on a turn-key basis. Solar Energies is based in France.

Buy -
Mergr

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