M&A Deal Summary

Omnes Capital, Sagard and Intermediate Capital Group Acquire Souriau-Sunbank Connection Technologies

On December 15, 2005, private equity firm Omnes Capital, asset manager Sagard and mezzanine finance firm Intermediate Capital Group acquired electrical equipment company Souriau-Sunbank Connection Technologies from Ardian and Intermediate Capital Group for 483M EUR

Acquisition Highlights
  • This is Omnes Capital’s 1st, Sagard’s 1st and Intermediate Capital Group’s 6th transaction in the Electrical Equipment sector.
  • This is Omnes Capital’s 6th, Sagard’s 2nd and Intermediate Capital Group’s 36th largest (disclosed) transaction.
  • This is Omnes Capital’s 30th, Sagard’s 8th and Intermediate Capital Group’s 38th transaction in France.
  • This is Omnes Capital’s 1st, Sagard’s 1st and Intermediate Capital Group’s 2nd transaction in Pennsylvania.
Investment Fate
  • Souriau-Sunbank Connection Technologies was sold to a financial buyer in 2011.
  • Souriau-Sunbank Connection Technologies was sold to a consortium of buyers in 2011 for 705M USD.
  • Souriau-Sunbank Connection Technologies was divested to a consortium of strategic buyers in 2019 for 920M USD.

M&A Deal Summary

Date 2005-12-15
Target Souriau-Sunbank Connection Technologies
Sector Electrical Equipment
Buyer(s) Omnes Capital
Sagard
Intermediate Capital Group
Sellers(s) Ardian
Intermediate Capital Group
Deal Type Secondary Buyout
Deal Value 483M EUR

Target

Souriau-Sunbank Connection Technologies

Versailles, Pennsylvania, France
Souriau SAS is a provider in connector solutions for industrial, military aeronautics and aerospace applications. The company makes a wide range of interconnection systems for severe environments (high pressure, extreme temperature, marine environments, exposure to electromagnetic or nuclear radiation, etc.)

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Buyer(S) 3

Buyer

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 37 of 162
Sector: Electrical Equipment M&A 1 of 2
Type: Secondary Buyout M&A Deals 3 of 27
State: Pennsylvania M&A 1 of 2
Country: France M&A 30 of 118
Year: 2005 M&A 11 of 11
Size (of disclosed) 6 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-01 Le Groupe Frères Blanc

Paris, France

Le Groupe Frères Blanc group currently runs 15 top restaurants in Paris, the rest of France and internationally, renowned for their dining experience, hospitality, cuisine and French art de vivre.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 uniQure

Amsterdam, Netherlands

uniQure is a gene therapy company that developed the first and only gene therapy product to receive regulatory approval in the European Union. Gene therapy is a technique for correcting defective or missing genes that cause diseases. uniQure is primarily focused on rare genetic diseases, and will also start developing gene therapies for chronic and degenerative diseases that affect larger populations. uniQure was founded in 1998 and is based in Amsterdam, Netherlands.

Buy -
Buyer

Sagard

Paris, France

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2001
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Sagard is a multi-strategy alternative investment manager that invests across a variety of asset classes. These include private equity, public equity, private credit, royalties, and venture capital. Prospective transactions typically include buyouts or growth capital financings, where Sagard will consider either majority or minority positions. Sagard was formed in 2001 and is based in Montreal, Quebec.


DEAL STATS #
Overall 8 of 41
Sector: Electrical Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 17
State: Pennsylvania M&A 1 of 1
Country: France M&A 8 of 34
Year: 2005 M&A 5 of 5
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-01 Médi-Partenaires SAS

Paris, France

Médi-Partenaires is the third largest group of private clinics in France, with 3% market share and 14 clinics focusing on obstetrics, surgery and medicine care.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Olympia Group of Companies

Paris, France

With over $5.0 Bn in alternative assets under management, Olympia is one of the leading independent fund of hedge funds (FoHF) management groups in Europe.

Buy -
Buyer

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 149 of 294
Sector: Electrical Equipment M&A 6 of 8
Type: Secondary Buyout M&A Deals 31 of 115
State: Pennsylvania M&A 2 of 2
Country: France M&A 38 of 72
Year: 2005 M&A 28 of 28
Size (of disclosed) 36 of 82
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-12 Nocibé

Ascq, France

Nocibé is a French perfume retailer that owns 455 perfume stores. The group offers a wide range of products: luxury perfumes, care products, makeup, diet, organic brands, and a wide choice of exclusive emerging brands as well as its own brand of beauty accessories. Nocibé was founded in 1984, and headquartered in Ascq, France.

Buy €490M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 TMD Friction Holdings

Leverkusen, Germany

TMD Friction is the manufacturer of friction material for brake pads and brake linings for the automotive industry.

Sell -

Seller(S) 2

SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 7 of 247
Sector: Electrical Equipment M&A 1 of 4
Type: Secondary Buyout M&A Deals 4 of 92
State: Pennsylvania M&A 1 of 4
Country: France M&A 4 of 116
Year: 2005 M&A 6 of 6
Size (of disclosed) 21 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-05 Com Hem AB

Stockholm, Sweden

Com Hem offers broadband, TV, play and telephony services to Swedish households and companies. The company plays an important role in Sweden’s ongoing digitalisation push, with its powerful and future-proofed broadband network that covers half of the country’s households, reaching approximately 1.5 million customers.

Buy €1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Artefact

Paris, France

Artefact is an independent international performance agency, provides digital marketing services primarily in France. Artefact was founded in 1998 and is headquartered in Paris, France.

Buy -
SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 57 of 225
Sector: Electrical Equipment M&A 4 of 8
Type: Secondary Buyout M&A Deals 17 of 86
State: Pennsylvania M&A 1 of 2
Country: France M&A 16 of 59
Year: 2005 M&A 13 of 13
Size (of disclosed) 39 of 74
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-12 Nocibé

Ascq, France

Nocibé is a French perfume retailer that owns 455 perfume stores. The group offers a wide range of products: luxury perfumes, care products, makeup, diet, organic brands, and a wide choice of exclusive emerging brands as well as its own brand of beauty accessories. Nocibé was founded in 1984, and headquartered in Ascq, France.

Buy €490M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 TMD Friction Holdings

Leverkusen, Germany

TMD Friction is the manufacturer of friction material for brake pads and brake linings for the automotive industry.

Sell -