Buyout (LBO, MBO, MBI) • Business Services

Palamon Capital Partners Acquires FairConnect

On July 17, 2018, private equity firm Palamon Capital Partners acquired business services company FairConnect for 100M EUR

Acquisition Context
  • This is Palamon Capital Partners’ 7th transaction in the Business Services sector.
  • This is Palamon Capital Partners’ 4th largest (disclosed) transaction.
  • This is Palamon Capital Partners’ 5th transaction in Italy.

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M&A Deal Summary

Date July 17, 2018
Target FairConnect
Sector Business Services
Buyer(s) Palamon Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 100M EUR

Target Company

FairConnect

Teramo, Italy
FairConnect is a provider of connected services to insurers that are transforming the insurance industry with usage-based premiums and value-added services. FairConnect is based in Teramo, Italy.
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Buyer Overview 1

Buyer

Palamon Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 1.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Palamon Capital Partners LP is a private equity firm that targets investments in high-growth service-oriented businesses throughout Europe. Palamon specifically looks for companies operating in business services, financial services, media and communications, leisure and entertainment, information technology, and healthcare. The Firm's target investment size is €30 to €100 million. Funds are generally used to support development needs, however, Palamon will also consider investing in early-stage businesses, recapitalizations, deleveraging transactions, turnarounds, and buyouts. Palamon Capital Partners LP was formed in 1999 and is based in London.


Deal Context for Buyer #
Overall 38 of 38
Sector: Business Services 7 of 7
Type: Buyout (LBO, MBO, MBI) 19 of 19
Country: Italy 5 of 5
Year: 2018 2 of 2
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-13 Veonet

Munich, Germany

Veonet is a provider of ophthalmological care and outpatient treatment for major causes of blindness and visual impairment, offering diagnosis as well as surgical and non-invasive treatment of eye disorders. Veonet is based in Munich, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-12 Il Bisonte Industriale S.r.l.

Pontassieve, Italy

Il Bisonte Industriale S.r.l. is a manufacturer of hand-crafted luxury leather handbags, travel bags, briefcases, wallets, belts and stationary accessories made from locally sourced fine Italian vachetta leather. Il Bisonte Industriale S.r.l. was founded in 1970 and is based in Pontassieve, Italy.

Sell €100M