M&A Deal Summary

PAI Partners Acquires Marcolin

On December 1, 2012, private equity firm PAI Partners acquired retailer Marcolin for 278M EUR

Acquisition Highlights
  • This is PAI Partners’ 4th transaction in the Retail sector.
  • This is PAI Partners’ 25th largest (disclosed) transaction.
  • This is PAI Partners’ 3rd transaction in Spain.

M&A Deal Summary
Date 2012-12-01
Target Marcolin
Sector Retail
Buyer(s) PAI Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 278M EUR
Advisor(s) Lazard Ltd.
Goldman Sachs (Financial)

Target

Marcolin

Longarone, Spain
Marcolin is a provider in the branded eyewear sector with a portfolio comprising 16 market-leading brands and a distribution network spanning more than 80 countries. Marcolin was founded in 1961 and is based in Longarone, Spain.

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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 37 of 92
Sector (Retail) 4 of 6
Type (Buyout (LBO, MBO, MBI)) 26 of 30
Country (Spain) 3 of 7
Year (2012) 1 of 2
Size (of disclosed) 25 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-27 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.)

Sell $705M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-24 Rubix

London, United Kingdom

Rubix is a pan-European distributor of industrial maintenance, repair, and overhaul products and services. Rubix was founded in 1987 and is based in London, United Kingdom.

Buy €465M
Mergr

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