M&A Deal Summary

Salamander Energy Acquires APCOA Parking AG

On February 19, 2007, Salamander Energy acquired consumer services company APCOA Parking AG from Investcorp

Acquisition Highlights
  • This is Salamander Energy’s 1st transaction in the Consumer Services sector.
  • This is Salamander Energy’s 1st transaction in Germany.

M&A Deal Summary

Date 2007-02-19
Target APCOA Parking AG
Sector Consumer Services
Buyer(s) Salamander Energy
Sellers(s) Investcorp
Deal Type Add-on Acquisition

Target

APCOA Parking AG

Stuttgart, Germany
APCOA Parking AG is a European leader in car park management, including airport and city parking sites as well as on-street parking supervision.

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Buyer(S) 1

Buyer

Salamander Energy

London, United Kingdom

Category Company
Founded 2005
Sector Oil/Gas Exploration
DESCRIPTION

Salamander is listed in the UK, but its operating activities are focused and located in South-East Asia, which has extensive hydrocarbon-producing basins and frontier exploration regions. At the time of its formation in 2005, Salamander’s key asset was a stake in the Phu Horm gas field development in North-East Thailand. Since then, the business has built a balanced portfolio of production and exploration assets, giving it proved and probable reserves of 42.3 mmboe and output of 7,500 boepd.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2007 M&A 1 of 1

Seller(S) 1

SELLER

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 38 of 111
Sector: Consumer Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 20 of 49
Country: Germany M&A 4 of 8
Year: 2007 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-02 Moody International

Haywards Heath, United Kingdom

Moody is a global provider of technical and inspection services and management system certification. The company comprises two core businesses: Technical and Inspection Services which provides vendor inspection services and technical personnel principally to the oil and gas and infrastructure sectors; and Management System Certification which provides management systems audit and certification services for companies looking to implement international system standards, mainly IS09001 and IS014001. Founded in 1911 and headquartered in the UK, Moody has approximately 2,900 employees and contractors and operates from 100 offices located in over 60 countries enabling it to meet the requirements of its global blue chip client base.

Buy £311M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-23 Kentrox

Dublin, Ohio, United States

Kentrox is a provider of remote access, monitoring and control solutions to fixed-line and mobile service providers worldwide. Kentrox's Optima set of solutions offers visibility and control for critical network sites, from in-building solutions to cell sites and central offices. Kentrox offers secure remote access for a range of operations personnel, reducing the need for expensive and time-consuming site visits. Kentrox, Inc. was formed in 2001 and is based in Dublin, Ohio.

Buy -