M&A Deal Summary

Platina Partners Acquires Locatel France SAS

On February 1, 2004, private equity firm Platina Partners acquired business services company Locatel France SAS for 9M EUR

Acquisition Highlights
  • This is Platina Partners’ 1st transaction in the Business Services sector.
  • This is Platina Partners’ largest (disclosed) transaction.
  • This is Platina Partners’ 2nd transaction in France.
Investment Fate
  • Locatel France SAS was sold to a consortium of financial buyers in 2007.
  • Locatel France SAS was sold to a strategic buyer in 2014.

M&A Deal Summary
Date 2004-02-01
Target Locatel France SAS
Sector Business Services
Buyer(s) Platina Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 9M EUR

Target

Locatel France SAS

Nanterre, France
Locatel France SAS originally created as a national and basic TV rental company, Locatel has successfully changed its business model to become the leading European provider in interactive TV solutions for the hotel and healthcare sectors.

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Buyer(S) 1

Buyer

Platina Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Platina Partners LLP is a private investment firm focused on traditional buyouts as well as investments in renewable energy projects. Platina's buyout group targets UK and France-based business-to-business service companies as well as industrial businesses. Platina will commit between €10 and €30 million of equity for controlling stakes in companies with an enterprise value of up to €50 million. Platina's renewable energy group focuses on opportunities across Europe at all stages of development. The renewable energy group typically commits between €5 and €3 million at the development stage and up to €50 million of equity in the construction and operational stages of projects based on proven technologies dealing with wind, solar, and biomass. Platina Partners was formed in 2002 and is based in London with additional offices in Paris, Milan and Luxembourg.

DEAL STATS #
Overall 4 of 29
Sector (Business Services) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 4 of 24
Country (France) 2 of 12
Year (2004) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 PI Renewables

Polbeth, United Kingdom

Development funding committed in April 2004. Mistral entered a joint development agreement with PI Renewables (PIR), a Scottish developer with prior experience in the renewable sector, giving it access to three high quality projects totaling over 100MW. PIR recently got consent for its Tormywheel project.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Infinergy

Wimborne, United Kingdom

Infinergy is a renewable energy company, developing onshore wind farms throughout the United Kingdom. The company has in-house expertise and experience needed to design, develop and build wind farms. The company's focus is the UK where it considers wind resource to be one of the most promising forms of sustainable energy. Infinergy was founded in 2003 and is based in Wimborne, United Kingdom.

Buy -
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