M&A Deal Summary

Lion Capital and Serruya Private Equity Acquire Global Franchise Group

On November 20, 2018, private equity firms Lion Capital and Serruya Private Equity acquired franchising company Global Franchise Group from Levine Leichtman Capital Partners

Acquisition Highlights
  • This is Lion Capital’s 2nd and Serruya Private Equity’s 1st transaction in the Franchising sector.
  • This is Lion Capital’s 12th and Serruya Private Equity’s 2nd transaction in the United States.
  • This is Lion Capital’s 1st and Serruya Private Equity’s 1st transaction in Georgia.
Investment Fate
  • Global Franchise Group was sold to a publicly-traded strategic buyer in 2021 for 443M USD.

M&A Deal Summary

Date 2018-11-20
Target Global Franchise Group
Sector Franchising
Buyer(s) Lion Capital
Serruya Private Equity
Sellers(s) Levine Leichtman Capital Partners
Deal Type Secondary Buyout
Advisor(s) North Point Advisors
Piper Sandler & Co. (Financial)
Kirkland & Ellis (Legal)

Target

Global Franchise Group

Atlanta, Georgia, United States
Global Franchise Group is a strategic brand management company that currently owns and manages a portfolio of franchised brands in the quick service restaurant industry and the retail footwear and accessories industry. Global Franchise Group was founded in 2010 and is based in Atlanta, Georgia.

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Buyer(S) 2

Buyer

Lion Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 4.3B EUR
Size Mega
Type Sector Focused
DESCRIPTION

Lion Capital LLP is a specialist private equity firm focused on consumer-oriented opportunities throughout Europe and North America. Specific areas of interest include apparel, accessories, luxury goods, food, and specialty retail. Lion Capital LLP was formed in 2004 and is based in London. The Firm has an additional office in New York City.


DEAL STATS #
Overall 36 of 42
Sector: Franchising M&A 2 of 2
Type: Secondary Buyout M&A Deals 18 of 20
State: Georgia M&A 1 of 1
Country: United States M&A 12 of 15
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-18 HEMA

Amsterdam, Netherlands

HEMA is an international retailer with a network of over 600 stores in the Netherlands, Belgium, Germany, Luxembourg and France, as well as a captive website. The company is the leading general merchandise retailer in the Netherlands, where it has operated for over 80 years. Customer-friendly and with a unique profile, HEMA offers its customers an extensive range of general merchandise across 14 product categories, including apparel, home, personal care and food products, all under the HEMA brand. HEMA is based in Amsterdam, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 DMC Group

Illzach, United States

DMC Group is a embroidery brand manufacturer. The company's product “Mouliné” is a premium cotton thread available in 465 different colours, is a reference within crafts and fashion. DMC Group was founded in 1746 and is based in Illzach, France.

Buy -
DESCRIPTION

Serruya Private Equity is a Canadian family owned private investment group. The Firm looks to leverage its history in the franchising and food sectors to make a variety of investments at various stages of development. SPE’s investing and lending activity is broad based and includes outright acquisitions, equity investing and lending. Serruya Private Equity is based in Markham, Ontario.


DEAL STATS #
Overall 3 of 3
Sector: Franchising M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
State: Georgia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-04 Sani-Service

Markham, Ontario, Canada

Sani-Service is a Canadian commercial hygiene & chemical services provider with regional operations based in Ontario, BC & Alberta. Sani-Service was founded in 1986 and is based in Markham, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 Global Franchise Group

Atlanta, Georgia, United States

Global Franchise Group is a strategic brand management company that currently owns and manages a portfolio of franchised brands in the quick service restaurant industry and the retail footwear and accessories industry. Global Franchise Group was founded in 2010 and is based in Atlanta, Georgia.

Sell $443M

Seller(S) 1

SELLER

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.


DEAL STATS #
Overall 34 of 59
Sector: Franchising M&A 4 of 5
Type: Secondary Buyout M&A Deals 16 of 32
State: Georgia M&A 1 of 3
Country: United States M&A 33 of 52
Year: 2018 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 SFERRA

Edison, New Jersey, United States

SFERRA is a luxury linen and home lifestyle company, with a leading consumer brand known for design, textile innovation, trusted quality, and craftsmanship. SFERRA was founded in 1891 and is based in Edison, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-19 West Academic

Saint Paul, Minnesota, United States

Legal Education Holdings, Inc. is a publisher of legal textbooks, casebooks, study guides, and other course-related materials in both print and digital media formats for law school faculty and students in the United States. Legal Education Holdings works with the leading legal scholars in the US and provides its products under the West Academic, Foundation Press and Gilbert imprints. West Academic was founded in 2013 and is based in Saint Paul, Minnesota.

Buy -