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M&A Deal Summary

Palamon Capital Partners Acquires ReD

On December 19, 2006, private equity firm Palamon Capital Partners acquired business services company ReD for 200M GBP

Acquisition Highlights
  • This is Palamon Capital Partners’ 4th transaction in the Business Services sector.
  • This is Palamon Capital Partners’ 0th largest (disclosed) transaction.
  • This is Palamon Capital Partners’ 7th transaction in the United Kingdom.
Investment Fate
  • ReD was sold to a publicly-traded strategic buyer in 2014 for 205M USD.

M&A Deal Summary
Date 2006-12-19
Target ReD
Sector Business Services
Buyer(s) Palamon Capital Partners
Deal Type Going Private
Deal Value 200M GBP

Target

ReD

Brookwood, United Kingdom
ReD is a fuel card and pre-paid card issuer and a provider in transactional card fraud prevention and payment processing.

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Buyer(S) 1

Buyer

Palamon Capital Partners

London, United Kingdom

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 STATS #
Overall 16 of 38
Sector (Business Services) 4 of 7
Type (Going Private) 1 of 1
Country (United Kingdom) 7 of 17
Year (2006) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-01 cadooz

Hamburg, Germany

cadooz GmbH is a full-service provider of multi-choice gift certificates and cards for corporate incentive programmes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-01 Vivecti Group

Ulm, Germany

Vivecti Group is a hospital group purchasing organization in the German health care market, it has tapped into the significant opportunity for technology-enabled clinical solutions. Vivecti Group optimises healthcare spend, promotes operating efficiency, strengthens clinical efficiency and improves compliance for its partners through superior technological solutions. Vivecti Group was founded in 1993 and is based in Ulm, Germany.

Buy -
Mergr

Product

Company

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