M&A Deal Summary

Motor Fuel Group Acquires MRH

On February 27, 2018, Motor Fuel Group acquired retailer MRH from Lone Star Funds for 1.2B GBP

Acquisition Highlights
  • This is Motor Fuel Group’s 1st transaction in the Retail sector.
  • This is Motor Fuel Group’s 0th largest (disclosed) transaction.
  • This is Motor Fuel Group’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2018-02-27
Target MRH
Sector Retail
Buyer(s) Motor Fuel Group
Sellers(s) Lone Star Funds
Deal Type Secondary Buyout
Deal Value 1.2B GBP
Advisor(s) Lazard Ltd. (Financial)
Weil Gotshal & Manges (Legal)

Target

MRH

Epping, United Kingdom
MRH is the second largest independent forecourt operator in the U.K. with 439 stations operating under the BP, Shell, Esso, Texaco, JET and Murco fuel brands. MFG offers the Murco brand through a network of 200 dealers and its retail offerings include Subway and Costa Coffee.

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Buyer(S) 1

Buyer

Motor Fuel Group

Hertfordshire, United Kingdom
Category Company
Sector Retail
DESCRIPTION

Motor Fuel Group is an independent petrol station and convenience retail operator in the UK. MFG offers premium fuel brands coupled with an attractive, competitive, and expanding forecourt offering for cost-conscious consumers. With the completion of the MRH acquisition, the combined company will operate over 900 stations, the vast majority of which operate under the BP, Shell, Texaco, and JET fuel brands. Motor Fuel Group is based in Hertfordshire, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (United Kingdom) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Lone Star Funds

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 85.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lone Star Funds is a global private investment firm focused on investing across several strategies. The Firm's primary investment activity surrounds financial services and real estate. Lone Star generally looks to acquire distressed debt and equity assets including corporate, commercial real estate, single family residential and consumer debt products as well as banks and asset rich operating companies. Lone Star was formed in 1995 and is based in Dallas, Texas with additional offices across Western Europe and Asia.

DEAL STATS #
Overall 7 of 17
Sector (Retail) 2 of 2
Type (Secondary Buyout) 4 of 9
Country (United Kingdom) 1 of 2
Year (2018) 1 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-14 Jurys Inn Group

Dublin, Ireland

Jurys Inn operates 31 hotels across Ireland, Britain and Prague, employing around 2,000 people in total. The Company is headquartered in Dublin, Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-18 Club Company

Reading, United Kingdom

Club Company is a golf and country club operator, operating 11 golf and country clubs (predominantly freehold or long leasehold) including The Warwickshire, Castle Royle, and Nizels. The country club format offered members a full range of facilities including golf courses, gyms, swimming pools, spas, sauna, health & beauty, creche, and function rooms. Club Company was founded in 1995 and is based in Reading, United Kingdom.

Sell -
Mergr

Product

Company

Legal