M&A Deal Summary

Permira Acquires ABS

On November 1, 2010, private equity firm Permira acquired communications company ABS for 184M EUR

Acquisition Highlights
  • This is Permira’s 7th transaction in the Communications sector.
  • This is Permira’s 59th largest (disclosed) transaction.
  • This is Permira’s 1st transaction in Bermuda.

M&A Deal Summary
Date 2010-11-01
Target ABS
Sector Communications
Buyer(s) Permira
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 184M EUR

Target

ABS

Hamilton, Bermuda
ABS is a fixed satellite services operator, supplying bandwidth connectivity to broadcasting, telecom, and government customers. ABS was founded in 1997 and is based in Hamilton, Bermuda.

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Buyer(S) 1

Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.

DEAL STATS #
Overall 71 of 159
Sector (Communications) 7 of 7
Type (Buyout (LBO, MBO, MBI)) 40 of 53
Country (Bermuda) 1 of 1
Year (2010) 4 of 4
Size (of disclosed) 59 of 61
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-06 Creganna-Tactx Medical

Galway , Ireland

Creganna-Tactx Medical is a provider of an outsourced design and manufacturing services of minimally invasive delivery and access devices.

Buy €223M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-13 BakerCorp

Seal Beach, California, United States

BakerCorp, Inc. is a provider of liquid containment rental equipment and services in the United States. BakerCorp maintains an equipment portfolio of over 15,000 pieces of rental equipment including steel tanks, polyethylene tanks, intermodal and roll-off container/boxes, pumps, pipes, hose and fittings, tank trailers, berms and filtration products. BakerCorp was founded in 1942 and is based in Seal Beach, California.

Buy $960M
Mergr

Product

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