M&A Deal Summary

Palatine Private Equity and Bridgepoint Acquire Hallmark Hotel Group

On October 1, 2007, private equity firms Palatine Private Equity and Bridgepoint acquired leisure company Hallmark Hotel Group for 55M GBP

Acquisition Highlights
  • This is Palatine Private Equity’s 1st and Bridgepoint’s 4th transaction in the Leisure sector.
  • This is Palatine Private Equity’s and Bridgepoint’s 47th largest (disclosed) transaction.
  • This is Palatine Private Equity’s 1st and Bridgepoint’s 24th transaction in the United Kingdom.
Investment Fate
  • Hallmark Hotel Group was sold to a strategic buyer in 2014 for 75M GBP.

M&A Deal Summary

Date 2007-10-01
Target Hallmark Hotel Group
Sector Leisure
Buyer(s) Palatine Private Equity
Bridgepoint
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 55M GBP

Target

Hallmark Hotel Group

Morley, United Kingdom
Hallmark Hotel Group Ltd. is a group of eight four-star hotels with 730 rooms.

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Buyer(S) 2

Buyer

Palatine Private Equity

Manchester, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 570M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Palatine Private Equity is a UK based private equity firm focused on investing in businesses valued up to £50 million. The Firm generally looks to fund profitable, cash-generative companies with strong management teams and established market positions, however, Palatine will also consider turnaround situations. Target sectors include retail/leisure, business outsourcing, financial services, healthcare, and niche manufacturing. Prospective transaction types include management buyouts/buy-ins, consolidations, growth capital financings, and restructurings. Palatine was originally formed as Zeus Private Equity in 2005. The Firm has offices in Bristol, Manchester, and London.


DEAL STATS #
Overall 1 of 52
Sector (Leisure) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 1 of 21
Country (United Kingdom) 1 of 52
Year (2007) 1 of 1
Size (of disclosed) 1 of 8
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 XLN Telecom

London, United Kingdom

XLN Telecom is a communications company based in London. It supplies fixed line and broadband services to 70,000 customers in the SME sector and is one of Britain’s fastest growing alternative telecoms service providers.

Buy -
Buyer

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 28.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Bridgepoint is a large European private equity firm that invests in middle-market companies across a broad range of industries with an enterprise value of €200 - €1000 million. Prospective transaction situations include buyouts, buy-ins, growth financings, consolidations, and take privates. The firms invest in the range of €75 - €400 million transaction. Bridgepoint Development Capital specializes in investments in businesses valued up to a €150 million, taking equity stakes of between €10 million and €75 million. General sectors of interest include consumer products and services, retail, financial services, healthcare, media, technology, industrials, and business services. Bridgepoint was formed in 1984 and has offices in London, Frankfurt, Luxembourg, Madrid, Milan, Paris, Stockholm and Warsaw.


DEAL STATS #
Overall 50 of 176
Sector (Leisure) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 30 of 54
Country (United Kingdom) 24 of 76
Year (2007) 9 of 11
Size (of disclosed) 47 of 59
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-25 JDR Cable Systems

Littleport, United Kingdom

JDR is a world-class provider of subsea technologies and services connecting the global offshore energy industry. Company flexible and innovative technologies enable vital control and power delivery for both the oil and gas and renewable energy sectors.

Sell €90M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-31 Beck & Pollitzer

Kent, United Kingdom

Beck & Pollitzer is a provider of complete machinery solutions. The company helps clients to relocate and install factories and machinery across the UK and Europe. Beck & Pollitzer was founded in 1863 and is based in Kent, United Kingdom.

Buy £55M