M&A Deal Summary

Permira Acquires CABB

On April 22, 2014, private equity firm Permira acquired chemicals company CABB from Bridgepoint

Acquisition Highlights
  • This is Permira’s 5th transaction in the Chemicals sector.
  • This is Permira’s 15th transaction in Germany.

M&A Deal Summary

Date 2014-04-22
Target CABB
Sector Chemicals
Buyer(s) Permira
Sellers(s) Bridgepoint
Deal Type Secondary Buyout

Target

CABB

Sulzbach am Taunus, Germany
CABB is a vertically integrated global supplier of fine and specialty chemicals and customer manufacturing solutions for the agrochemicals, pharmaceuticals, personal care, and food markets. CABB was founded in 2003 and is based in Sulzbach am Taunus, Germany.

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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 86 of 159
Sector (Chemicals) 5 of 5
Type (Secondary Buyout) 14 of 42
Country (Germany) 15 of 21
Year (2014) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-13 Renaissance

Wisconsin Rapids, Wisconsin, United States

Renaissance is a provider of technology-based school improvement and student assessment programs for pre-kindergarten through to senior high (pre-K-12, aged 5-18) schools and districts. The company's products and services, currently adopted by more than 70,000 schools, are primarily focused on two curriculum areas: reading and mathematics. Renaissance was formed in 1986 and is based in Wisconsin Rapids, Wisconsin.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-06 TeamViewer

Goppingen, Germany

TeamViewer is a provider of secure remote support software with a focus on the SMB market. TeamViewer was established in 2005 and is based in Goppingen, Germany.

Buy €870M

Seller(S) 1

SELLER

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 38 of 109
Sector (Chemicals) 1 of 1
Type (Secondary Buyout) 26 of 65
Country (Germany) 4 of 5
Year (2014) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-31 Team ITG

Birmingham, United Kingdom

Team ITG is a marketing services and technology business that helps major brands and retailers improve the efficiency, speed, cost and control of their marketing operations. Team ITG was founded in 2009 and is based in Birmingham, England.

Buy £28M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-16 Pulsant

Maidenhead, United Kingdom

Pulsant is a provider of connectivity, hosting and managed IT services to medium-sized businesses, acting as the outsourced partner responsible for IT infrastructure and hosting critical IT hardware in secure physical facilities or data centres to ensure a consistent IT environment with no downtime. Pulsant was established in 1995 and is based in Maidenhead, United Kingdom.

Sell $200M