M&A Deal Summary

PAI Partners Acquires VPS

On June 25, 2014, private equity firm PAI Partners acquired real estate company VPS from TDR Capital

Acquisition Highlights
  • This is PAI Partners’ 1st transaction in the Real Estate sector.
  • This is PAI Partners’ 6th transaction in the United Kingdom.

M&A Deal Summary

Date 2014-06-25
Target VPS
Sector Real Estate
Buyer(s) PAI Partners
Sellers(s) TDR Capital
Deal Type Secondary Buyout
Advisor(s) Robert W. Baird & Co., Inc.
Daiwa Corporate Advisory Ltd. (DC Advisory) (Financial)

Target

VPS

Oldham, United Kingdom
VPS is a provider of vacant property products and services across Europe and the US. VPS provides products and services to both public and commercial customers to maintain and preserve vacant properties and to protect such properties against unauthorized access. VPS was founded in 2003 and is based in Oldham, United Kingdom.

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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 44 of 92
Sector (Real Estate) 1 of 2
Type (Secondary Buyout) 11 of 46
Country (United Kingdom) 6 of 15
Year (2014) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-16 Labeyrie Fine Foods

Saint-Geours de Maremne, France

Labeyrie Fine Foods is a producing upmarket branded food products sold on the French, Dutch, Belgian and Spanish markets. Its product range encompasses three main categories: seafood products (mainly smoked salmon), speciality regional products (mainly foie gras) and blinis & spreadables (taramasalata, guacamole etc.). Labeyrie Fine Foods was formed in 1946 and is based in Saint-Geours de Maremne, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-13 Custom Sensors & Technologies

Moorpark, California, United States

Custom Sensors & Technologies is a specialist in designing and manufacturing sensing, control and motion products, addressing several industrial, transportation and aerospace end-markets.

Buy $900M

Seller(S) 1

SELLER

TDR Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 15.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

TDR Capital is a private equity firm that targets large companies valued from €300 million to €1.5 billion. TDR has a particular interest in under-managed, under-invested or misunderstood companies which may be transformed through greater strategic and operational focus. TDR is sector agnostic, however the Firm has a preference for opportunities in the leisure/hospitality, financial services, and business services sectors. TDR Capital was formed in 2002 and is based in London.


DEAL STATS #
Overall 8 of 14
Sector (Real Estate) 1 of 3
Type (Secondary Buyout) 4 of 5
Country (United Kingdom) 6 of 9
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-13 International Car Wash Group

Centennial, Colorado, United States

International Car Wash Group is a large local car wash conglomerate washing millions of cars across North America and Europe. The Company was established in 1965 and is headquartered in Centennial, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-08 Keepmoat

Doncaster, United Kingdom

Keepmoat Ltd. is a provider of integrated affordable housing development and community regeneration services. Keepmoat Ltd. is based in Doncaster, United Kingdom.

Buy £400M