M&A Deal Summary

Permira Acquires Lowell

On May 18, 2015, private equity firm Permira acquired financial services company Lowell from Advent International for 600M EUR

Acquisition Highlights
  • This is Permira’s 4th transaction in the Financial Services sector.
  • This is Permira’s 48th largest (disclosed) transaction.
  • This is Permira’s 27th transaction in the United Kingdom.

M&A Deal Summary

Date 2015-05-18
Target Lowell
Sector Financial Services
Buyer(s) Permira
Sellers(s) Advent International
Deal Type Secondary Buyout
Deal Value 600M EUR

Target

Lowell

Harlow, United Kingdom
Lowell is a credit management services group. The Group’s expertise in the debt recovery segment ranges from the trust management of commercial and credit receivables through to evaluating, taking over and handling personal loans and mortgages.

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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 94 of 161
Sector (Financial Services) 4 of 6
Type (Secondary Buyout) 16 of 43
Country (United Kingdom) 27 of 34
Year (2015) 4 of 10
Size (of disclosed) 48 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-15 New Look Retail Group

London, United Kingdom

New Look Retail Group is a specialty retailer of value fashion apparel and is the second largest womenswear retailer in the UK and now has over 1,000 stores worldwide, in the UK and Republic of Ireland, Europe, the Middle East, Singapore, Russia, and Poland. New Look was founded in 1969 and is based in London, United Kingdom.

Sell £780M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-22 Vacanceselect

Paris, France

Vacanceselect provides camping and outdoor accommodation services. Vacanceselect operates over 25,000 pitches, of which 20,000 are equipped with mobile homes, chalets, or tents, on 269 sites located mainly in France, Italy, and Spain. Vacanceselect Group is based in Paris, France.

Buy -

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 151 of 222
Sector (Financial Services) 16 of 25
Type (Secondary Buyout) 39 of 58
Country (United Kingdom) 21 of 28
Year (2015) 7 of 13
Size (of disclosed) 25 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-15 New Look Retail Group

London, United Kingdom

New Look Retail Group is a specialty retailer of value fashion apparel and is the second largest womenswear retailer in the UK and now has over 1,000 stores worldwide, in the UK and Republic of Ireland, Europe, the Middle East, Singapore, Russia, and Poland. New Look was founded in 1969 and is based in London, United Kingdom.

Sell £780M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Douglas

Hagen, Germany

Douglas is a premium beauty retailer with about 2,400 stores and fast-growing online shops in 21 European countries. Douglas has a portfolio of some 38,000 high-quality products in the areas of perfumery, decorative cosmetics and skincare. Douglas was founded in 1910 and is based in Hagen, Germany.

Sell -