M&A Deal Summary

Permira and AIMCo Acquire BestSecret

On October 25, 2016, private equity firm Permira and pension AIMCo acquired retailer BestSecret from Ardian

Acquisition Highlights
  • This is Permira’s 10th and AIMCo’s 1st transaction in the Retail sector.
  • This is Permira’s 19th and AIMCo’s 1st transaction in Germany.

M&A Deal Summary

Date 2016-10-25
Target BestSecret
Sector Retail
Buyer(s) Permira
AIMCo
Sellers(s) Ardian
Deal Type Secondary Buyout

Target

BestSecret

Aschheim, Germany
BestSecret sells more than 3,000 designer brands at attractive prices through its website BestSecret.com as well as three stores in Munich and Vienna. Its exclusive membership is based on invitation only which creates both high-desirability and strong customer engagement, driving double-digit annual growth over the past years. BestSecret was founded in 1924 and is based in Aschheim, Germany.

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Buyer(S) 2

Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 80.0B 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 107 of 170
Sector: Retail M&A 10 of 11
Type: Secondary Buyout M&A Deals 21 of 45
Country: Germany M&A 19 of 23
Year: 2016 M&A 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-14 Allegro

Poznan, Poland

Allegro is an online marketplace that connects consumers with merchants. Allegro offers consumers a vibrant and expansive shopping experience, and merchants excellent commercial opportunities. Allegro was founded in 1999 and is based in Poznan, Poland.

Buy $3.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-09 Alter Domus

Luxembourg, Luxembourg

Alter Domus is a provider of fund administration and corporate services to the alternative investment industry. Alter Domus was founded in 2003 and is based in Luxembourg, Luxembourg.

Buy -
Buyer

AIMCo

Investor Investor Investor Investor Investor


Category Pension
Founded 2008
PE ASSETS 179.6B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

AIMCo is a Canadian diversified institutional investment manager serving pension, endowment and government funds in the province of Alberta. In addition to investing in public equities, fixed income, and debt, AIMCo looks to invest in private equity, real estate, timberlands, and infrastructure. AIMCo's private equity group invests in funds and directly in companies throughout North America and Western Europe. Areas of interest include consumer, industrials, business services, financial services, technology, and healthcare. AIMCo is based in Edmonton, with additional offices in Toronto and London.


DEAL STATS #
Overall 7 of 40
Sector: Retail M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 15
Country: Germany M&A 1 of 2
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-18 Granicus

Denver, Colorado, United States

Granicus is a provider of cloud-based government transparency, legislative management and digital marketing solutions for government agencies across North America and the United Kingdom. Granicus was founded in 1999 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-30 Davies

London, United Kingdom

Davies is a specialist professional service and technology business serving the global insurance market. The company delivers professional services and technology solutions across the risk and insurance value chain, including claims, underwriting, distribution, regulation, customer experience, human capital, digital transformation, and change management. Davies was founded in 1968 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 123 of 247
Sector: Retail M&A 7 of 9
Type: Secondary Buyout M&A Deals 44 of 92
Country: Germany M&A 10 of 21
Year: 2016 M&A 15 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-17 ProAmpac

Cincinnati, Ohio, United States

ProAmpac is a flexible packaging company with a comprehensive product offering. ProAmpac’s approach to sustainability – ProActive Sustainability provides innovative sustainable flexible packaging products to help our customers achieve their sustainability goals. ProAmpac was founded in 2015 and is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-28 SLV

Ubach-Palenberg, Germany

SLV is a provider of lighting fixtures for residential and commercial spaces. Its vertically integrated model delivers competitive advantages in development, sourcing, logistics, and distribution. It is able to offer high-quality products at attractive prices with leading levels of service. It has consistently outperformed the market in the last several years and has increased its market share and internationally. SLV was founded in 1979 and is based in Ubach-Palenberg, Germany.

Buy -