M&A Deal Summary

Mubadala Capital, Bain Capital Private Equity and GIMV Acquire Bugaboo

On July 22, 2024, sovereign wealth fund Mubadala Capital, private equity firm Bain Capital Private Equity and private equity firm GIMV acquired consumer products company Bugaboo from Bain Capital Private Equity

Acquisition Highlights
  • This is Mubadala Capital’s 2nd, Bain Capital Private Equity’s 13th and GIMV’s 8th transaction in the Consumer Products sector.
  • This is Mubadala Capital’s 1st, Bain Capital Private Equity’s 6th and GIMV’s 40th transaction in the Netherlands.

M&A Deal Summary

Date 2024-07-22
Target Bugaboo
Sector Consumer Products
Buyer(s) Mubadala Capital
Bain Capital Private Equity
GIMV
Sellers(s) Bain Capital Private Equity
Deal Type Secondary Buyout

Target

Bugaboo

Amsterdam, Netherlands
Bugaboo designs strollers and parenting solutions, helping families create endless moments of fun and discovery every step of the way. The company's products include strollers, car seats, travel cots, and accessories. Bugaboo was founded in 1999 and is based in Amsterdam, Netherlands.

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Buyer(S) 3

Buyer

Mubadala Capital

Investor


Category Sovereign Wealth Fund
Founded 2002
PE ASSETS 276.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Mubadala Capital is a private equity firm focused on investing capital across a range of assets worldwide. The Firm primarily invests in private and public assets, but also considers credit, real estate, and alternatives. Mubadala invests in a variety of sectors including industrials, healthcare, energy, renewables, financial services, infrastructure, and business services. Mubadala Capital was founded in 2008 and is headquartered in Abu Dhabi, United Arab Emirates.


DEAL STATS #
Overall 43 of 44
Sector: Consumer Products M&A 2 of 2
Type: Secondary Buyout M&A Deals 15 of 15
Country: Netherlands M&A 1 of 1
Year: 2024 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-24 RelyOn Nutec

Copenhagen, Denmark

RelyOn Nutec is a provider of safety training for the offshore, wind, and maritime industries. The company currently operates 33 trainings centers located in 20 countries and is today by far the largest within its industry. RelyOn Nutec was founded in 1968 and is based in Copenhagen, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-27 CI Financial

Toronto, Ontario, Canada

CI Financial is an independent company offering global asset management and wealth management advisory services. CI Financial was incorporated in 1965 and is headquartered in Toronto, Ontario.

Buy CA$12.1B
Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 240 of 251
Sector: Consumer Products M&A 13 of 13
Type: Secondary Buyout M&A Deals 69 of 75
Country: Netherlands M&A 6 of 7
Year: 2024 M&A 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-11 Envestnet

Berwyn, Pennsylvania, United States

Envestnet is a provider of technology-enabled products and services for financial advisors. The company's technology enhances advisor productivity and strengthens the wealth management process. It empowers enterprises and advisors to more fully understand their clients and deliver better outcomes. Envestnet was founded in 1999 and is based in Berwyn, Pennsylvania.

Buy $4.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-07 Somacis

Castelfidardo, Italy

Somacis focuses on designing and manufacturing highly engineered Printed Circuit Boards (PCBs), targeting advanced technological applications across several end markets including aerospace & defense, telecom infrastructure, industrials, IT, automotive/EV, and medical devices. The company boasts a synergetic global production footprint with five manufacturing facilities across Italy (Castelfidardo, Manfredonia), the UK (Devon), the US (Poway, CA), and China (Dongguan). It leverages an integrated business model strategically designed to position itself as a worldwide one-stop-shop platform matching its global customers’ highest technology, quality, and service standards. Somacis was founded in 1972 and is based in Castelfidardo, Italy.

Buy -
Buyer

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.


DEAL STATS #
Overall 162 of 170
Sector: Consumer Products M&A 8 of 9
Type: Secondary Buyout M&A Deals 25 of 28
Country: Netherlands M&A 40 of 42
Year: 2024 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-02 Curana

Ardooie, Belgium

Curana is a developer and manufacturer of high-end bicycle components, specializing in fenders, chain guards and dress guards. Curana is renowned for its design and innovation capabilities, providing custom-built solutions for top-tier bicycle manufacturers. Curana is based in Ardooie, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-24 JenaValve Technology

Irvine, California, United States

JenaValve Technology specializes in developing transcatheter aortic valves that can be implanted via the femoral vein or an incision between two ribs. JenaValve Technology was founded in 2006 and is based in Irvine, California.

Sell -

Seller(S) 1

SELLER

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 147 of 152
Sector: Consumer Products M&A 7 of 8
Type: Secondary Buyout M&A Deals 30 of 33
Country: Netherlands M&A 4 of 4
Year: 2024 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-11 Envestnet

Berwyn, Pennsylvania, United States

Envestnet is a provider of technology-enabled products and services for financial advisors. The company's technology enhances advisor productivity and strengthens the wealth management process. It empowers enterprises and advisors to more fully understand their clients and deliver better outcomes. Envestnet was founded in 1999 and is based in Berwyn, Pennsylvania.

Buy $4.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-07 Somacis

Castelfidardo, Italy

Somacis focuses on designing and manufacturing highly engineered Printed Circuit Boards (PCBs), targeting advanced technological applications across several end markets including aerospace & defense, telecom infrastructure, industrials, IT, automotive/EV, and medical devices. The company boasts a synergetic global production footprint with five manufacturing facilities across Italy (Castelfidardo, Manfredonia), the UK (Devon), the US (Poway, CA), and China (Dongguan). It leverages an integrated business model strategically designed to position itself as a worldwide one-stop-shop platform matching its global customers’ highest technology, quality, and service standards. Somacis was founded in 1972 and is based in Castelfidardo, Italy.

Buy -