M&A Deal Summary

Primary Capital Acquires Paperchase Products

On July 1, 2010, private equity firm Primary Capital acquired retailer Paperchase Products from Borders Group for 30M GBP

Acquisition Highlights
  • This is Primary Capital’s 4th transaction in the Retail sector.
  • This is Primary Capital’s 3rd largest (disclosed) transaction.
  • This is Primary Capital’s 20th transaction in the United Kingdom.

M&A Deal Summary
Date 2010-07-01
Target Paperchase Products
Sector Retail
Buyer(s) Primary Capital
Sellers(s) Borders Group
Deal Type Divestiture
Deal Value 30M GBP

Target

Paperchase Products

London, United Kingdom
Paperchase Products Ltd. is a provider in design-led stationery, cards, and gift-wrap. The company designs much of its own product range and new collections are released every few weeks. Paperchase Products was established in 1968 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Primary Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 700M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Primary Capital is a private equity firm focused on management buyouts and buy-ins of mid-market companies with an enterprise value of £20 - £100 million. Primary looks for opportunities across Europe but concentrates primarily on businesses located in the UK and Germany. The Firm looks to invest £10 to £44 million of equity or equity-related capital per transaction. Target sectors include consumer products/services, business & support services, financial services, IT services, software, and industrial products/services. Primary was formed in 1994 and is based in London.

DEAL STATS #
Overall 22 of 33
Sector (Retail) 4 of 5
Type (Divestiture) 3 of 4
Country (United Kingdom) 20 of 31
Year (2010) 3 of 3
Size (of disclosed) 3 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-01 Guralp Systems

Reading, United Kingdom

Guralp Systems Ltd. is a designer and manufacturer of seismological instruments, digitisers, acquisition modules and software. Our product range encompasses nearly all types of seismic devices, including land-based, ocean-bottom and borehole instrumentation.

Buy £20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-17 FoneStarz Media Group

St. Ives, United Kingdom

FoneStarz Media Group Ltd. is a provider in the management, hosting and retailing of mobile content to a global audience.

Sell -

Seller(S) 1

SELLER

Borders Group

Ann Arbor, Michigan, United States
Category Company
Founded 1971
Sector Retail
Employees5,700
DESCRIPTION

Borders Group, Inc. is a national chain of bookstores.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-13 Paperchase Products

London, United Kingdom

Paperchase Products Ltd. is a provider in design-led stationery, cards, and gift-wrap. The company designs much of its own product range and new collections are released every few weeks. Paperchase Products was established in 1968 and is based in London, United Kingdom.

Buy -
Mergr

Product

Company

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