M&A Deal Summary

PAI Partners Acquires Interflora

On December 23, 2020, private equity firm PAI Partners acquired consumer services company Interflora from Montefiore Investment and LFPI Group

Acquisition Highlights
  • This is PAI Partners’ 2nd transaction in the Consumer Services sector.
  • This is PAI Partners’ 34th transaction in France.

M&A Deal Summary
Date 2020-12-23
Target Interflora
Sector Consumer Services
Buyer(s) PAI Partners
Sellers(s) Montefiore Investment
LFPI Group
Deal Type Secondary Buyout

Target

Interflora

Lyon, France
Interflora is a flower and gift digital platform that operates a portfolio of complementary gifting brands including Interflora, the iconic European flower and gift brand in France, Denmark, Italy, Spain, Portugal, Luxembourg, Iceland, and Romania. MyFlower is the holding company of the Interflora France group operating the Interflora brand, a leader in floral transmission in Europe, which also owns the online pure-player “Bebloom”, as well as “Renaud Distribution”, a leader in distributing supplies to florists, and cadeaux.com, the leader in online distribution of personalized gifts. Interflora was formed in 1991 and is based in Lyon, France.

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Buyer(S) 1

Buyer

PAI Partners

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 16.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.

DEAL STATS #
Overall 73 of 92
Sector (Consumer Services) 2 of 2
Type (Secondary Buyout) 31 of 46
Country (France) 34 of 41
Year (2020) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-06 Apleona

Neu-Isenburg, Germany

Apleona is a real estate services provider, that operates, manage, expand and equip real estate in all asset classes, operate and maintain plant and assist customers in a whole host of industries with production and secondary processes. The Group's range of services extends from integrated facility management, building technology, and interior fittings to real-estate management with all commercial services, letting and leasing of real estate. All services are provided on a modular basis or in an integrated package. Apleona was founded in 2016 and is based in Neu-Isenburg, Germany.

Buy €1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 Apave

Courbevoie, France

Apave is an independent risk management company with 130 agencies in France, 170 training sites in France and abroad and 18 testing centres. The company services include inspection and technical support, civil engineering building, tests and measurement, and QSSE management. Apave has an international presence in over 45 countries. Nearly 500,000 customers already place their trust in Apave in France and abroad. Apave was founded in 1867 and is based in Courbevoie, France.

Buy -

Seller(S) 2

SELLER

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 7 of 9
Sector (Consumer Services) 2 of 2
Type (Secondary Buyout) 5 of 6
Country (France) 5 of 7
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 ENSIO

Vélizy-Villacoublay, France

ENSIO is a specialist in the installation, operation and maintenance of telecommunications networks and electricity networks. ENSIO focuses on 3 main areas of activity: digital networks, energy networks and Services & maintenance. ENSIO is based in Vélizy-Villacoublay, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 imaGen

Lyon, France

imaGen is a radiology platform, bringing together 89 radiologists on more than 20 sites. imaGen is based in Lyon, France.

Buy -
SELLER

LFPI Group

Investor Investor Investor Investor Investor

Category Asset Manager
PE ASSETS 3.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

LFPI Group is a French asset management firm focused on a variety of alternative investment strategies. The Firm invests in private equity, private debt, real estate, as well as fixed income and equity. LFPI's private equity practice looks to invest or co-invest in French businesses with €10 to €500 of annual revenue. Sectors of interest include food, health, construction, distribution, and business services. LFPI Group is headquartered in Paris.

DEAL STATS #
Overall 3 of 5
Sector (Consumer Services) 2 of 2
Type (Secondary Buyout) 1 of 2
Country (France) 3 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-17 Snadec

Cagnes sur mer, France

Snadec provides a asbestos fireproofing removal and a significant player in the PACA region in the field of sanitation. Snadec was founded in 1980 and is based in Cagnes sur mer, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 Uperio

Essex, United Kingdom

Uperio is specialist in rental, distribution, and services of tower cranes. Uperio, which has a fleet of more than 2 cranes, operates in France, Luxembourg, Belgium, the Netherlands, Germany, the United Kingdom, and Sweden, and also operates in the United States. Uperio was founded in 2007 and is based in Essex, United Kingdom.

Sell -
Mergr

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