M&A Deal Summary

Regal Hotels Acquires County Hotels

On January 1, 2001, Regal Hotels acquired leisure company County Hotels from Intermediate Capital Group

Acquisition Highlights
  • This is Regal Hotels’ 1st transaction in the Leisure sector.
  • This is Regal Hotels’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2001-01-01
Target County Hotels
Sector Leisure
Buyer(s) Regal Hotels
Sellers(s) Intermediate Capital Group
Deal Type Add-on Acquisition

Target

County Hotels

Buckinghamshire, United Kingdom
County Hotels owned 25 provincial hotels throughout England and Scotland. The hotels each had around 75 bedrooms and offered a range of leisure facilities, among them three golf courses. Notably, the company owned Burnham Beeches Hotel in Buckinghamshire, home to the England football team and England’s oldest hotel, the Royal Clarence Hotel in Exeter.

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Buyer(S) 1

Buyer

Regal Hotels

United Kingdom

Category Company
Sector Restaurants
DESCRIPTION

Regal owns and operates three star provincial hotels based in the North and the Midlands.


DEAL STATS #
Overall 1 of 1
Sector: Leisure M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2001 M&A 1 of 1

Seller(S) 1

SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 18 of 225
Sector: Leisure M&A 1 of 6
Type: Add-on Acquisition M&A Deals 3 of 69
Country: United Kingdom M&A 9 of 58
Year: 2001 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Meccano SN

Clichy, France

Meccano and Erector Set in the US are well-known toys brand in the building-set category.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-26 Clydesdale Financial Services

United Kingdom

Clydesdale Financial Services is the consumer credit business.Financial Services has grown to become a key provider of store cards and interest free credit products to a number of retail clients including Scottish Hydro, Karen Millen and Focus DIY.

Buy £108M