M&A Deal Summary

Meridia Capital Partners and Rijn Capital Acquire Volotea

On June 7, 2018, private equity firms Meridia Capital Partners and Rijn Capital acquired airliner Volotea from CCMP Capital and Corpfin Capital

Acquisition Highlights
  • This is Meridia Capital Partners’ 1st and Rijn Capital’s 1st transaction in the Airlines sector.
  • This is Meridia Capital Partners’ 5th and Rijn Capital’s 1st transaction in Spain.

M&A Deal Summary
Date 2018-06-07
Target Volotea
Sector Airlines
Buyer(s) Meridia Capital Partners
Rijn Capital
Sellers(s) CCMP Capital
Corpfin Capital
Deal Type Secondary Buyout

Target

Volotea

Barcelona, Spain
Volotea is an airline that offers 293 point-to-point routes between 78 mid-small-sized cities throughout Europe at very competitive prices. Volotea was founded in 2009 and is based in Barcelona, Spain.

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Buyer(S) 2

Buyer

Meridia Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Meridia Capital Partners is a private investment firm focused on making real estate and direct private equity investments throughout Spain. Meridia's real estate group targets a variety of assets across all real estate segments with a particular focus on properties in Madrid and Barcelona. Meridia's private equity group looks to acquire majority or minority positions in companies with proven business models and strong growth prospects. Meridia Capital Partners was formed in 2006 and is headquartered in Barcelona.

DEAL STATS #
Overall 5 of 7
Sector (Airlines) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (Spain) 5 of 7
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-07 Fútbol Emotion

Zaragoza, Spain

Fútbol Emotion is a multi-channel specialist retailer of football equipment with online sales in over 50 countries around the world and a network of 18 stores in Spain. Futbol Emotion was formed in 2001 and is headquartered in Zaragoza, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-19 Kiwoko

Madrid, Spain

Kiwoko is an integrated pet care specialist in Spain and Portugal with a growing network of over 125 specialized pet stores, 75 veterinary clinics, and eight veterinary hospitals.

Sell -
Buyer

Rijn Capital

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector (Airlines) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Spain) 1 of 1
Year (2018) 1 of 1

Seller(S) 2

SELLER

CCMP Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 18.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

CCMP Capital is a large private equity firm focused on buyout and growth equity valued up to $2 billion. Sectors of interest include consumer, retail, and services (specialty retail, direct marketing, consumer packaged goods); media/telecom (consumer and trade publishing, content and programming, broadcasting, cable, wireless and wire line communications ); industrial (chemicals, manufacturing, distribution, automotive); energy (exploration and production, power generation, renewable energy, services); and healthcare (services, pharmaceuticals, medical devices). The Firm's target investment size is $100 to $500 million. CCMP Capital Advisors was formed in 1984 and was spun off in 2006 from JP Morgan Chase. The Firm is based in New York City.

DEAL STATS #
Overall 74 of 78
Sector (Airlines) 2 of 2
Type (Secondary Buyout) 21 of 23
Country (Spain) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-03 Pure Gym

Leeds, United Kingdom

Pure Gym is a large fitness club operator in U.K. Pure Gym offers its members convenience with 24/7/365 access at a significant value compared to traditional operators. Pure Gym was founded in 2009 and is headquartered in Leeds, United Kingdom.

Sell £600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-11 BGIS

Markham, Ontario, Canada

BGIS is a provider of real estate management services, including facilities management, project delivery services, energy and sustainability solutions, building performance management, workplace advisory and management, and real estate services. BGIS was established in 1992 and is based in Markham, Ontario.

Buy -
SELLER

Corpfin Capital

Madrid, Spain

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1990
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Corpfin Capital is an independent Spanish private equity firm focused on local opportunities. Corpfin will consider both majority and minority positions, looking to commit €15 to €45 million per transaction and EBITDA of €5 to €25 million. The Firm will invest in a variety of industry sectors. Corpfin was formed in 1990 and is based in Madrid.

DEAL STATS #
Overall 19 of 26
Sector (Airlines) 1 of 1
Type (Secondary Buyout) 6 of 10
Country (Spain) 19 of 26
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-12 Alannia Resorts

Guardamar del Segura, Spain

Alannia Resorts is a chain of camping resorts in Spain. Alannia has transformed the traditional camping business model by developing modern tourist resorts located on the Costa Blanca (Alicante) and the Costa Dorada (Tarragona), two of Europe’s favorite vacation destinations. Alannia Resorts is based in Guardamar del Segura, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-11 Barna

Mundaka, Spain

Barna is a productor of fish flours, fish oils and other fish derivatives used primarily for animal feed. Barna has factories in Vizcaya and Cantabria and will soon open a third plant in Senegal. Barna is based in Mundaka, Spain.

Buy -
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