Investment Summary

PSP Investments Invests In Allflex Europe

On June 10, 2016, pension PSP Investments invested in technology hardware company Allflex Europe from BC Partners, Epiris and Electra

Investment Highlights
  • This is PSP Investments’ 1st transaction in the Technology Hardware sector.
  • This is PSP Investments’ 1st transaction in the United Kingdom.

Investment Summary

Date 2016-06-10
Target Allflex Europe
Sector Technology Hardware
Investor(s) PSP Investments
Sellers(s) BC Partners
Epiris
Electra
Deal Type Stake Purchase

Target

Allflex Europe

Roxburghshire, United Kingdom
Allflex Europe is a designer, producer and distributor of animal intelligence and monitoring technologies for livestock, pets, fish and other species. It designs, produces and distributes a variety of products such as radio‐frequency identification (RFID) and visual ear tags, tissue sampling devices, RFID implants, monitoring devices, milk meters, and other farm management equipment. Allflex Europe was founded in 1973 and is based in Roxburghshire, United Kingdom.

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Investor(S) 1

Investor

PSP Investments

Investor Investor Investor Investor Investor


Category Pension
Founded 1999
PE ASSETS 19.4B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

PSP Investments is a Canadian pension manager focused on a variety of investment strategies including public equities, real estate, private equity, infrastructure, private debt, and natural resources. The Firm's private equity group looks to back funds as well as make direct investments in partnership with managers. PSP will consider opportunities globally and will invest across a broad range of sectors, including financials, consumer, industrials, healthcare, technology, communications, and energy. PSP Investments is based in Ottawa.


DEAL STATS #
Overall 9 of 29
Sector (Technology Hardware) 1 of 1
Type (Stake Purchase) 1 of 3
Country (United Kingdom) 1 of 5
Year (2016) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-25 ENGIE - 1.4GW Hydroelectric Assets Portfolio

New England, United States

ENGIE's 1.4GW Hydroelectric Assets Portfolio are core operational merchant hydroelectric facilities located primarily on the Connecticut River in Massachusetts and the Housatonic River in Connecticut. They constitute the 2 nd largest privately-owned hydroelectric portfolio within the well-developed and functional ISO New-England (ISO-NE) power market. They include the 1,168MW Northfield Mountain pumped-storage facility as well as 12 conventional hydroelectric facilities, the three largest of which represent an aggregate generation capacity of 134MW. The portfolio generates Renewable Energy Credits.

Buy $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-22 Cubico Sustainable Investments

London, United Kingdom

Cubico Sustainable Investments are a renewable energy and water infrastructure company. Its initial portfolio included 18 wind, solar and water infrastructure assets previously owned by Santander, representing a net capacity of 1.2 gigawatts (GW). Since inception, Cubico opened regional offices in London, Milan, Sao Paulo and Mexico City. It also successfully completed four acquisitions spanning four different countries, growing its total net capacity to 1.62 GW. The company’s portfolio now comprises 22 wind, solar and water infrastructure assets in operation, construction or under development across eight countries (Brazil, Italy, Ireland, Mexico, Portugal, Spain, United Kingdom and Uruguay). Cubico Sustainable Investments was founded in 2015 and is based in London, United Kingdom.

Buy -

Seller(S) 3

SELLER

BC Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 30.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

BC Partners is a large investment group focused on private equity, credit, real estate, and co-investment strategies. The Firm's private equity group looks to make control investments in European and North American businesses valued above €300 million. Sectors of interest include healthcare, directory publishing, media, industrial products, food, distribution, manufacturing, consumer services, business services, and communications. BC Partners was formed in 1986 and is based in London, England.


DEAL STATS #
Overall 39 of 54
Sector (Technology Hardware) 1 of 1
Type (Stake Purchase) 5 of 7
Country (United Kingdom) 10 of 12
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-21 Suddenlink

St. Louis, Missouri, United States

Suddenlink is a major U.S. cable broadband provider, supporting the information, communication and entertainment demands of approximately 1.3 million customers in North Carolina, West Virginia, Missouri, Arkansas, Louisiana, Texas, Oklahoma and California. Suddenlink was formed in 2003 and is based in St. Louis, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-28 Keter Plastic

Herzliya, Israel

Keter Plastic is a manufacturers and marketers of resin-based household and garden consumer products, which are sold in 90 countries and found in more than 25,000 retail outlets worldwide. Keter Plastic was founded in 1948 and is based in Herzliya, Israel.

Buy -
SELLER

Epiris

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra Partners is a UK-based private equity firm focused on buyouts, co-investments, secondary fund purchases, and debt investing. The Firm's direct investing group looks to make majority or minority investments of £50 to £250 million in deals valued up to £500 million. Electra was formed in 1976 and is based in London.


DEAL STATS #
Overall 41 of 51
Sector (Technology Hardware) 2 of 2
Type (Stake Purchase) 4 of 4
Country (United Kingdom) 31 of 41
Year (2016) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-06 Elian Group

Jersey, Channel Islands

Elian Group provides trust, fund and company administration services to multi-national corporations, financial institutions, high net worth individuals, family offices and fund managers. Elian Group was founded in 1999 and is based in Jersey, Channel Islands.

Sell £435M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 Innovia

Cumbria, United Kingdom

Innovia makes high-tech transparent and coated films for packaging and labels. Its bi-orientated polypropylene (BOPP) films are extruded from oil through a unique 'bubble’ technology. It is also the only scale manufacturer of cellulose film made from wood pulp (Cello) outside Japan.

Sell $1.1B
SELLER

Electra

London, United Kingdom

Investor


Category Private Equity Firm
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra is an investment trust quoted on the London Stock Exchange that specializes in private equity investments. Electra's primary focus is on opportunities across Western Europe in a broad array of industries. Electra Private Equity is based in London.


DEAL STATS #
Overall 23 of 32
Sector (Technology Hardware) 2 of 2
Type (Stake Purchase) 2 of 2
Country (United Kingdom) 16 of 25
Year (2016) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-06 Elian Group

Jersey, Channel Islands

Elian Group provides trust, fund and company administration services to multi-national corporations, financial institutions, high net worth individuals, family offices and fund managers. Elian Group was founded in 1999 and is based in Jersey, Channel Islands.

Sell £435M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-07 Premier Miton Group

Guildford, United Kingdom

Premier Miton Group is a retail fund manager distributing funds through IFAs as well as other discretionary and advisory channels. Premier Miton Group was founded in 1995 and is based in Guildford, United Kingdom.

Sell -