Add-on Acquisition • Transportation

Macquarie Bank Acquires The Isle of Man Steam Packet Co.

On October 19, 2005, Macquarie Bank acquired transportation company The Isle of Man Steam Packet Co. from Montagu for 225M GBP

Acquisition Context
  • This is Macquarie Bank’s 1st transaction in the Transportation sector.
  • This is Macquarie Bank’s 6th largest (disclosed) transaction.
  • This is Macquarie Bank’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date October 19, 2005
Target The Isle of Man Steam Packet Co.
Sector Transportation
Buyer(s) Macquarie Bank
Sellers(s) Montagu
Deal Type Add-on Acquisition
Deal Value 225M GBP

Target Company

The Isle of Man Steam Packet Co.

Isle Of Man, United Kingdom
Steam Packet Company had a dominant position in the transportation of passengers and freight to the Isle of Man from ports in the UK underpinned by a long standing user agreement with the Isle of Man government.
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Buyer Overview 1

Buyer

Macquarie Bank

Sydney, Australia

Category Company
Founded 1969
Sector Financial Services
Employees19,266
Revenue 6.8B AUD (2025)
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 Context for Buyer #
Overall 3 of 25
Sector: Transportation 1 of 4
Type: Add-on Acquisition 3 of 15
Country: United Kingdom 1 of 4
Year: 2005 3 of 3
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-19 Dyno Nobel

North Sydney, Utah, United States

Dyno Nobel is a commercial explosives company.

Buy $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-09 Smarte Carte

St. Paul, Minnesota, United States

Smarte Carte is a provider of baggage cart, locker and stroller services operating in airports, train stations, bus terminals, shopping centers and entertainment facilities around the world. Smarte Carte was founded in 1967 and is based in St. Paul, Minnesota.

Buy $270M

Seller Profile 1

SELLER

Montagu

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 11.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Montagu is an independent private equity firm focused on European management buyouts and growth capital transactions. The Firm seeks opportunities valued between €100 million and €1 billion. Sectors of interest include healthcare, medical products, financial services, software, IT, information services, and education. Montagu dates back to 1968 and is based in London.


Deal Context for Seller #
Overall 32 of 76
Sector: Transportation 5 of 5
Type: Add-on Acquisition 14 of 31
Country: United Kingdom 23 of 41
Year: 2005 6 of 6
Size (of disclosed) 13 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-06 Marlow Foods

Stokesley, United Kingdom

Marlow Foods, the owner of Quorn branded food products, in the first half of 2003 from AstraZeneca. Quorn is the UK?s number one brand in the fast growing healthy meat alternative food segment with an established and successful presence in a number of European territories. Marlow manufactures an extensive range of branded chilled and frozen ingredients and meals for this market from its manufacturing base in north Yorkshire.

Sell £172M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 TMD Friction Holdings

Leverkusen, Germany

TMD Friction is the manufacturer of friction material for brake pads and brake linings for the automotive industry.

Sell -