M&A Deal Summary

OMERS Private Equity Acquires Vue

On June 10, 2013, private equity firm OMERS Private Equity acquired consumer services company Vue from DH Private Equity Partners and Omnes Capital for 935M GBP

Acquisition Highlights
  • This is OMERS Private Equity’s 1st transaction in the Consumer Services sector.
  • This is OMERS Private Equity’s 2nd largest (disclosed) transaction.
  • This is OMERS Private Equity’s 5th transaction in the United Kingdom.

M&A Deal Summary
Date 2013-06-10
Target Vue
Sector Consumer Services
Buyer(s) OMERS Private Equity
Sellers(s) DH Private Equity Partners
Omnes Capital
Deal Type Secondary Buyout
Deal Value 935M GBP
Advisor(s) Jamieson Corporate Finance LLP (Financial)
Debevoise & Plimpton (Legal)

Target

Vue

London, United Kingdom
VUE is an international cinema operator with more than 2,400 screens located at over 285 sites across 10 European countries. Vue was founded in 1998 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

OMERS Private Equity

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 19.8B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

OMERS Private Equity, Inc. is the private equity arm of the Ontario Municipal Employees Retirement System. OMERS invests in buyout, venture, and mezzanine funds as well as makes direct private equity investments in North American companies with and enterprise value of $200 million to 1.5 billion. Target sectors include manufacturing, financial and business services, industrial and consumer products, transportation, and technology. OMERS Private Equity was formed in 1987 and is based in Toronto, Ontario.

DEAL STATS #
Overall 29 of 56
Sector (Consumer Services) 1 of 2
Type (Secondary Buyout) 12 of 34
Country (United Kingdom) 5 of 11
Year (2013) 2 of 3
Size (of disclosed) 2 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-08 Civica

London, United Kingdom

Civica is a business-critical software and technology-based outsourcing services to both public sector organizations and to commercial organizations in highly regulated sectors. The Company has a highly diversified customer base, including local and central governments, healthcare providers, housing associations, schools, and police and fire services, serving 2,000 major customers in ten countries. Its software and services support functions ranging from financial management and tax & benefits processing to medical records management and are used by over two million professionals every day, streamlining the services provided to 100 million people and businesses. Civica was founded in 2002 and is based in London, United Kingdom.

Buy £390M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-24 United States Infrastructure

Indianapolis, Indiana, United States

United States Infrastructure Corp. specializes in locating pipes and cables for utility customers across the US and Canada. The Company employs more than 7,500 technicians and performs over 70 million utility locating services annually ahead of excavation or maintenance works. USIC currently serves around 1,000 customers in all major utility segments, including cable, telecommunications, electricity, gas, water and sewage. United States Infrastructure Corp. was founded in 1978 and is based in Indianapolis, Indiana.

Sell -

Seller(S) 2

SELLER

DH Private Equity Partners

London, United Kingdom
Category Private Equity Firm
Founded 1985
PE ASSETS 10.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

DH Private Equity Partners is an independent private equity firm focused on investments in traditional private equity, real estate, and venture capital. DH private equity group targets European mid-market businesses valued between €200 and €600 million. The Firm usually takes a majority stake in acquisitions, and looks for management participation as well. DH will consider investments across a range of industries, including building materials, packaging, energy, automotive, media, beverages, and luxury goods. DH Private Equity was formed in 1985 and is based in London.

DEAL STATS #
Overall 24 of 35
Sector (Consumer Services) 2 of 2
Type (Secondary Buyout) 4 of 9
Country (United Kingdom) 4 of 6
Year (2013) 2 of 3
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 HellermannTyton

Milwaukee, Wisconsin, United States

HellermannTyton is a global manufacturer of high performance and innovative products and solutions for fastening, fixing, identifying and protecting cables and wires. HT’s systems and solutions are used in a wide variety of applications and industries to organise networks, increase flexibility, reduce installation time (and cost) and improve system safety.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-21 Avanza

Madrid, Spain

Avanza is an independent bus operator, with a market-leading presence in the urban, suburban and intercity segments.

Sell -
SELLER

Omnes Capital

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 5.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Omnes Capital formerly known as Credit Agricole Private Equity (CAPE) is the investment arm of financial services group Credit Agricole. Omnes Capital looks to invest in a range of investment stages and transaction types, including LBO/expansion, venture capital, mezzanine, renewable energy, co-investment, infrastructure, and special situations. The Firm's LBO/expansion group looks to invest €25 to €80 million to support growth initiatives and buyouts of small and mid-cap businesses operating in a variety of industries. Omnes Capital generally invests in businesses operating in France and Italy. Omnes Capital's mezzanine area was formed in 2002 and looks to provide €5 to €30 million of junior capital to similar sized established businesses. In addition to Omnes Capital's traditional equity and subordinated debt investment arm, the Firm also invests in infrastructure projects as well as provides capital for distressed businesses with €10 to €150 million in revenue. Omnes Capital was formed in 2004 and is based in Paris.

DEAL STATS #
Overall 54 of 115
Sector (Consumer Services) 1 of 2
Type (Secondary Buyout) 16 of 35
Country (United Kingdom) 2 of 3
Year (2013) 5 of 9
Size (of disclosed) 1 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-18 Hoche Triomphe Industrie

Paris, France

HTI has been in the development and growth of small and mid-sized industrial companies which design, build and sell their products directly to clients. In its 3 principle markets - Modular Buildings, Telescopic Access Platforms, and Construction Equipment - Group HTI offers innovative products and outstanding services. HTI was founded in 1992 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-07 Delete Group

Helsinki, Finland

Delete Group is a full-service environmental services provider. The company provides clients with business-critical services that require specialized knowledge and specialized equipment. Its business is divided into three business areas: industrial and real estate services, demolition services and recycling and waste disposal services. Delete Group was formed in 2010 and is based in Helsinki, Finland.

Buy -
Mergr

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Legal