M&A Deal Summary

Montefiore Investment and Eurazeo PME Acquire Groupe B&B Hotels Sas

On July 1, 2005, private equity firms Montefiore Investment and Eurazeo PME acquired leisure company Groupe B&B Hotels Sas from Duke Street Private Equity and Parquest Capital for 385M EUR

Acquisition Highlights
  • This is Montefiore Investment’s 1st and Eurazeo PME’s 1st transaction in the Leisure sector.
  • This is Montefiore Investment’s 0th and Eurazeo PME’s 7th largest (disclosed) transaction.
  • This is Montefiore Investment’s 1st and Eurazeo PME’s 2nd transaction in France.
Investment Fate
  • Groupe B&B Hotels Sas was sold to a consortium of financial buyers in 2010 for 480M EUR.
  • Groupe B&B Hotels Sas was sold to a consortium of financial buyers in 2016.
  • Groupe B&B Hotels Sas was sold to a consortium of financial buyers in 2019.

M&A Deal Summary

Date 2005-07-01
Target Groupe B&B Hotels Sas
Sector Leisure
Buyer(s) Montefiore Investment
Eurazeo PME
Sellers(s) Duke Street Private Equity
Parquest Capital
Deal Type Secondary Buyout
Deal Value 385M EUR

Target

Groupe B&B Hotels Sas

Cedex, France
Groupe B&B Hotels Sas is a budget hotels chain in Europe operating a network of more than 486 budget hotels, across 12 countries with a total of 42,832 rooms. B&B is at the "high-end" of the budget hotel segment, offering high quality at a competitive price, to meet the needs of both business and leisure travelers.

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Buyer(S) 2

Buyer

Montefiore Investment

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Montefiore Investment is a independent investment group focused on acquiring mid-market companies with strong potential for profit and growth. The Firm primarily targets opportunities in "Locally Supplied Services". Sectors of interest include retail, B2B distribution, hotels/catering, leisure, tourism, transportation, healthcare, consumer services, and business services. Montefiore looks to invest €15 to €100 million. Montefiore Investment was formed in 2005 and is based in Paris.


DEAL STATS #
Overall 1 of 36
Sector (Leisure) 1 of 2
Type (Secondary Buyout) 1 of 9
Country (France) 1 of 31
Year (2005) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Les couleurs du temps

France

Les couleurs is a retail chain offering art and craft supplies.

Buy -
Buyer
DESCRIPTION

Eurazeo PME, formerly known as OFI Private Equity Capital. Eurazeo PME invests equity and mezzanine capital in secondary buyout transactions of unlisted French companies. The Firm looks for opportunities valued between €50 and €250 million. Areas of interest include chemicals, financial services, consumer services, retail, manufacturing, distribution, and life science. Eurazeo PME was formed in 1997 and is based in Paris.


DEAL STATS #
Overall 3 of 82
Sector (Leisure) 1 of 1
Type (Secondary Buyout) 1 of 31
Country (France) 2 of 55
Year (2005) 2 of 2
Size (of disclosed) 7 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Auto Escape Group

London, United Kingdom

Auto Escape is a French car rental broker. Auto Escape Group offers leisure customers all-inclusive car hire services via its two brands: Auto Escape and Car del Mar. The company enjoys an international reach, ensuring rental car availability with almost 300 suppliers in 125 countries. Through its multi-channel model, Auto Escape Group provides negotiated prices and packages.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-31 Terreal SAS

Suresnes, France

Terreal SAS manufactures clay construction products used for roofs, structural work, wall claddings, and decoration environmental protection. In 2013, Terreal has taken over by creditors.

Sell €860M

Seller(S) 2

SELLER

Duke Street Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 3.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Duke Street Private Equity is a European private equity firm that targets investments in mid-market UK and French businesses valued between €50 and €350 million. Duke Street looks to build companies through organic growth and acquisitions. Sectors of interest include business services and outsourcing, retail and consumer, food, industrial, healthcare, leisure, and financial services. Duke Street Private Equity was founded in 1988 and is based in London.


DEAL STATS #
Overall 13 of 43
Sector (Leisure) 3 of 3
Type (Secondary Buyout) 2 of 13
Country (France) 4 of 9
Year (2005) 1 of 2
Size (of disclosed) 5 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 ERS Insurance

London, United Kingdom

ERS Insurance is a Lloyd’s underwriting business (Syndicate 218), which has been a leading motor insurer for more than 60 years, providing quality commercial insurance solutions to customers in the United Kingdom. ERS offers a diverse range of insurance for private cars, classic cars, vans, motorcycles, taxis, minibusses, fleets, haulage, and agricultural vehicles. ERS Insurance was founded in 1946 and is based in London, United Kingdom.

Buy £296M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 Groupe Proclif SAS

Paris,, France

Groupe Proclif is a french private hospital group operates healthcare facilities, which include Centre médical chirurgical et obstétrical d'Evry (CMCO) and Polyclinique Villeneuve-Saint-Georges (PVSG).

Buy -
SELLER

Parquest Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 610M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Parquest Capital is a private equity firm focused on acquiring and investing in mid-sized French companies. The Firm pursues companies with €20 to €150 million in revenue and is capable of committing up to €100 million per transaction. Sectors of interest include business services, consumer products, retail, and healthcare. Parquest Capital was originally established in 2002 as a unit of ING Insurance's French practice. Parquest Capital is based in Paris, France.


DEAL STATS #
Overall 2 of 21
Sector (Leisure) 1 of 1
Type (Secondary Buyout) 2 of 15
Country (France) 2 of 20
Year (2005) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-25 Courtepaille

Courcouronnes, France

Courtepaille is a chain of grill restaurants across France that follow a uniform concept. Courtepaille was established in 1961 and is based in Courcouronnes, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-01 Groupe Sogec Marketing S.A.

Villebon-sur-Yvette, France

Sogec Marketing provides promotion tools on behalf of consumer brands and HMSM chains.

Buy -