M&A Deal Summary

Macquarie Bank Acquires Grupo Itevelesa

On September 22, 2006, Macquarie Bank acquired business services company Grupo Itevelesa from Apax and Vista Equity Partners for 500M EUR

Acquisition Highlights
  • This is Macquarie Bank’s 2nd transaction in the Business Services sector.
  • This is Macquarie Bank’s 3rd largest (disclosed) transaction.
  • This is Macquarie Bank’s 1st transaction in Spain.
Investment Fate
  • Grupo Itevelesa was sold to a strategic buyer in 2015.
  • Grupo Itevelesa was divested to a consortium of buyers in 2021.

M&A Deal Summary

Date 2006-09-22
Target Grupo Itevelesa
Sector Business Services
Buyer(s) Macquarie Bank
Sellers(s) Apax
Vista Equity Partners
Deal Type Add-on Acquisition
Deal Value 500M EUR

Target

Grupo Itevelesa

Madrid, Spain
Grupo Itevelesa is an independent company of technical inspection of vehicles. operates 72 fixed locations and 20 mobile units across 11 autonomous communities; it also provides industrial safety, metrology, and environmental inspection services. Grupo Itevelesa was founded in 1982 and is based in Madrid, Spain.

Search 204,425 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Macquarie Bank

Sydney, Australia

Category Company
Founded 1969
Sector Financial Services
Employees19,266
Revenue 6.2B AUD (2024)
DESCRIPTION
Macquarie's corporate headquarters in downtown Sydney.
Macquarie's corporate headquarters in downtown Sydney.

Macquarie Bank is an Australian investment banking and diversified financial services group, providing banking, financial advisory and investment and funds management services. Macquarie Bank was founded in 1969 and is based in Sydney, Australia.


DEAL STATS #
Overall 8 of 25
Sector (Business Services) 2 of 5
Type (Add-on Acquisition) 6 of 15
Country (Spain) 1 of 1
Year (2006) 5 of 6
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-10 AIR-serv Group

Mendota Heights, Minnesota, United States

AIR-serv Group LLC is an operator of freestanding coin-operated tire-inflation and vacuum vending machines. AIR-Serv owns and operates over 32,000 air vending machines, and maintains exclusive contracts for the provision of air vending services with over 90 major national gas station and convenience stores chains.

Buy $420M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 Boart Longyear

Salt Lake City, Utah, United States

Boart Longyear is a provider of drilling services, orebody-knowledge technology, and innovative, safe and productivity-driven drilling equipment. The Company’s primary focus is on mining and exploration activities spanning commodities including copper, gold, nickel, zinc, uranium, and other minerals. Boart Longyear was established in 1890 and is based in Salt Lake City, Utah.

Buy -

Seller(S) 2

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 15 of 173
Sector (Business Services) 1 of 6
Type (Add-on Acquisition) 6 of 60
Country (Spain) 1 of 6
Year (2006) 4 of 5
Size (of disclosed) 30 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-11 StayWell

Yardley, Pennsylvania, United States

Staywell is a health empowerment company that enables populations to improve health outcomes through the science of behavior change. Staywell was founded in 1978 and is headquartered in St. Paul, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-18 Sisal

Milan, Italy

Sisal is an operator in the Italian gaming market as a government licensee. Through its capillary network of 47,000 points of sale, the company in excess of 500 payment services to the Italian public which are still primarily reliant on traditional cash payments. Sisal is based in Milan, Italy.

Buy €900M
SELLER

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.


DEAL STATS #
Overall 6 of 70
Sector (Business Services) 4 of 4
Type (Add-on Acquisition) 3 of 35
Country (Spain) 1 of 3
Year (2006) 3 of 3
Size (of disclosed) 12 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-14 Applied Systems

University Park, Illinois, United States

Applied Systems is a provider of cloud-based software that powers the business of insurance. The Company develops software for independent insurance agents, brokers, managing general agents, and insurance companies, as well as banks and other financial institutions with insurance operations. Applied Systems was founded in 1983 and is based in University Park, Illinois.

Sell $675M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 The Reynolds and Reynolds

Kettering, Ohio, United States

The Reynolds and Reynolds Company delivers software solutions and services that support every aspect of automotive retailing. Serving dealers since 1927, it is a leading provider of dealer management systems and associated products and services. Reynolds & Reynolds enables automobile dealers to sell more cars and to improve customer service.

Buy -