M&A Deal Summary

Selecta Acquires Gruppo Argenta

On September 29, 2017, Selecta acquired consumer services company Gruppo Argenta from Motion Equity Partners, Ardian and KKR

Acquisition Highlights
  • This is Selecta’s 1st transaction in the Consumer Services sector.
  • This is Selecta’s 1st transaction in Italy.

M&A Deal Summary

Date 2017-09-29
Target Gruppo Argenta
Sector Consumer Services
Buyer(s) Selecta
Sellers(s) Motion Equity Partners
Ardian
KKR
Deal Type Add-on Acquisition

Target

Gruppo Argenta

Carpi, Italy
Gruppo Argenta SpA is a Italian player in the vending industry with more than 110,000 automatic and OCS machines that serve 55,000 clients and register over 2 million vends per day (over 500 million yearly). Argenta workforce is made of more than 1,500 people including 800 refillers and 280 technicians.

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Buyer(S) 1

Buyer

Selecta

Steinhausen, Switzerland

Category Company
Founded 1957
Sector Machinery
Employees4,500
Revenue 714M EUR (2015)
DESCRIPTION

Selecta is a vending and coffee services company operating more than 145,000 vending machines and serving more than 6 million consumers daily. Selecta was formed in 1957 and is based in Steinhausen, Switzerland.


DEAL STATS #
Overall 2 of 2
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Italy) 1 of 1
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-14 Pelican Rouge Group B.V.

Dordrecht, Netherlands

Pelican Rouge Group B.V. is a coffee service provider with a strong focus on office coffee services (“OCS”) and HoReCa

Buy -

Seller(S) 3

SELLER

Motion Equity Partners

Paris, France

Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Motion Equity Partners is a European private equity firm that targets large buyouts and turnaround situations valued up to €300 million. Broad areas of interest include consumer (leisure, retail, household and consumer goods, food/beverages), industrial (building materials, automotive, manufacturing, chemicals), business services (outsourced services, logistics and transportation, facilities management), and healthcare services and equipment. Motion prefers opportunities located in France, the UK, Germany, and Italy and looks to commit €20 to €80 per transaction. Motion Equity Partners was established in 2001 and is headquartered in Paris.


DEAL STATS #
Overall 27 of 32
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 15 of 17
Country (Italy) 3 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 Minlay

Paris, France

Minlay is a designer, manufacturer and distribution of dental prostheses. Minlay is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-30 HolwegWeber Group

Molsheim, France

HolwegWeber Group is specialized in the design, development and assembly of solutions dedicated to the manufacturing of paper bags. HolwegWeber Group was founded in 1925 and is based in Molsheim, France.

Buy -
SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 136 of 222
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 39 of 52
Country (Italy) 10 of 15
Year (2017) 11 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-06 Alvest

Paris, France

Alvest is a group dedicated to the design, manufacture, and distribution of technical products for the aviation industry, which include aviation ground support equipment, spare parts and services, and technical adhesives and markings for the aerospace and industrial markets. Alvest is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 TimeOne

Perret, France

TimeOne is a digital marketing company, specialized in data analytics, covers all stages of the client conversion funnel (reputation, engagement, conversion, re-purchase) via its online marketing solutions: Performance, Mobile, Lead Management Technology, Native, Social, Programmatic and Publishing. TimeOne was founded in 2005 and is based in Perret, France.

Sell -
SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 99 of 205
Sector (Consumer Services) 3 of 4
Type (Add-on Acquisition) 35 of 67
Country (Italy) 2 of 4
Year (2017) 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-28 EchoNous

Redmond, Washington, United States

EchoNous is a diagnostic company that develops point-of-care ultrasound imaging devices for various clinical end markets. EchoNous headquartered in Redmond, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-16 National Vision

Duluth, Georgia, United States

National Vision is an optical retail company operating over 450 vision centers in the U.S. and Mexico, including free-standing stores under America's Best Contacts & Eyeglasses brand as well as vision centers located inside of Wal-Mart stores. National Vision was established in 1990 and is based in Duluth, Georgia.

Sell -