M&A Deal Summary

Macquarie Bank Acquires Smarte Carte

On January 9, 2006, Macquarie Bank acquired consumer services company Smarte Carte from Black Diamond Capital Management for 270M USD

Acquisition Highlights
  • This is Macquarie Bank’s 1st transaction in the Consumer Services sector.
  • This is Macquarie Bank’s 7th largest (disclosed) transaction.
  • This is Macquarie Bank’s 2nd transaction in the United States.
  • This is Macquarie Bank’s 1st transaction in Minnesota.
Investment Fate
  • Smarte Carte was divested to a consortium of buyers in 2017 for 385M USD.

M&A Deal Summary
Date 2006-01-09
Target Smarte Carte
Sector Consumer Services
Buyer(s) Macquarie Bank
Sellers(s) Black Diamond Capital Management
Deal Type Add-on Acquisition
Deal Value 270M USD

Target

Smarte Carte

St. Paul, Minnesota, United States
Smarte Carte's corporate headquarters in St. Paul, Minnesota.
Smarte Carte's corporate headquarters in St. Paul, Minnesota.
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.

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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 4 of 25
Sector (Consumer Services) 1 of 2
Type (Add-on Acquisition) 4 of 15
State (Minnesota) 1 of 2
Country (United States) 2 of 13
Year (2006) 1 of 6
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-19 The Isle of Man Steam Packet

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.

Buy £225M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-23 South East London & Kent Bus

Ilford, United Kingdom

South East London & Kent Bus Co. Ltd. is a provider of bus services on routes within and from London, principally under contract from Transport for London.

Buy -

Seller(S) 1

SELLER

Black Diamond Capital Management

Investor

Category Asset Manager
Founded 1995
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Black Diamond Capital Management is an alternative asset manager focused on credit, private equity, and other structured investments. The Firm's private equity group is a generalist investor that targets opportunities throughout North America and Europe. Black Diamond Capital Management was formed in 1995 and is headquartered in Stamford, Connecticut.

DEAL STATS #
Overall 1 of 3
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 2
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-01 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-11 Hines Horticulture

Irvine, California, United States

Hines Horticulture, Inc. is one of the largest commercial nursery operators in North America, producing a broad assortment of ornamental shrubs and color and container-grown plants, primarily for consumer outdoor use. The Company operates seven nurseries in four states totaling nearly 3,400 acres of land.

Buy -
Mergr

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