M&A Deal Summary |
|
|---|---|
| Date | 2006-10-25 |
| Target | United Biscuits |
| Sector | Food |
| Buyer(s) |
PAI Partners
The Blackstone Group |
| Sellers(s) |
Cinven
MidOcean Partners |
| Deal Type | Secondary Buyout |
| Deal Value | 3.5B USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 16.2B EUR |
| Size | Mega |
| Type | Sector Agnostic |
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 | 26 of 92 |
| Sector (Food) | 6 of 18 |
| Type (Secondary Buyout) | 4 of 46 |
| Country (United Kingdom) | 2 of 15 |
| Year (2006) | 2 of 2 |
| Size (of disclosed) | 1 of 30 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-07-01 |
SPIE
Cergy-Pontoise, France SPIE provides multi-technical contracting services in France and offers electrical, heating ventilation, air conditioning servicing, and mechanical engineering to end markets. SPIE was founded in 1900 and is based in Cergy-Pontoise. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-02-01 |
BMI Group
Reading, United Kingdom BMI Group is a supplier of pitched roofing products. The company manufactures and sells a comprehensive range of concrete and clay tiles for pitched roofs, roofing components, and chimney systems, serving the new build and renovation segments for residential and nonresidential markets. BMI Group is based in Reading, United Kingdom. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 131.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 104 of 335 |
| Sector (Food) | 2 of 4 |
| Type (Secondary Buyout) | 10 of 80 |
| Country (United Kingdom) | 9 of 26 |
| Year (2006) | 14 of 16 |
| Size (of disclosed) | 43 of 171 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-10-01 |
Michaels
Irving, Texas, United States Michaels is a retailer of arts, crafts, framing, home decor and seasonal products for hobbyists and DIY decorators. Michaels was formed in 1983 and is based in Irving, Texas. |
Buy | $6.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-11-19 |
Equity Office Properties Trust
Chicago,, Illinois, United States Equity Office Properties Trust, a real estate investment trust (REIT), engages in the ownership, management, development, and operation of office properties in the United States. |
Buy | USD36.0B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1977 |
| PE ASSETS | 39.0B EUR |
| Size | Mega |
| Type | Sector Agnostic |
Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.
| DEAL STATS | # |
|---|---|
| Overall | 74 of 126 |
| Sector (Food) | 5 of 5 |
| Type (Secondary Buyout) | 12 of 30 |
| Country (United Kingdom) | 57 of 72 |
| Year (2006) | 2 of 2 |
| Size (of disclosed) | 3 of 24 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-09-11 |
StayWell
Yardley, Pennsylvania, United States Staywell is a health empowerment company that enables populations to improve health outcomes through the science of behavior change. Staywell was founded in 1978 and is headquartered in St. Paul, Minnesota. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-11-01 |
Gondola Group
London, United Kingdom Gondola Group is a UK casual dining sector, operating PizzaExpress, Milano, ASK, Zizzi, BYRON and Kettners, together with a number of smaller brands. Gondola Group is based in London, United Kingdom. |
Buy | €1.3B |
| Category | Private Equity Firm |
|---|---|
| Founded | 2003 |
| PE ASSETS | 10.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
MidOcean Partners is a private equity firm focused on acquiring controlling interests in middle-market companies throughout North America. The Firm has a preference for consumer and business services sectors including automotive, food/beverage, retail, consumer products, information services, infrastructure services, training and more. MidOcean seeks opportunities valued between $150 and $750 million where it can commit $75 to $300 million. In addition to investing equity, MidOcean also looks to provide flexible credit solutions as well. MidOcean Partners was formed in 2003 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 36 |
| Sector (Food) | 1 of 2 |
| Type (Secondary Buyout) | 2 of 10 |
| Country (United Kingdom) | 2 of 3 |
| Year (2006) | 3 of 4 |
| Size (of disclosed) | 1 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-06-19 |
Jenny Craig
Carlsbad, California, United States Jenny Craig is a weight management services company. The Company provides consumers with a comprehensive weight management program that emphasizes personal support to help clients develop a healthy relationship with food, build an active lifestyle, and create a more balanced approach to living. Jenny Craig was founded in 1983 and is based in Carlsbad, California. |
Sell | $600M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-11-20 |
Thompson Publishing Group
Washington, District of Columbia, United States Thompson Publishing Group is one of the foremost professional publishers of information on complex laws and regulatory mandates. With more than 350 publications and approximately 140,000 subscribers, Thompson serves professionals primarily in the human resource, healthcare and banking fields via subscription-based handbooks, newsletters, reference services, single-issue publications, and the internet. |
Sell | - |
