M&A Deal Summary

Bridgepoint and Seven2 Acquire THOM Group

On October 15, 2010, private equity firms Bridgepoint and Seven2 acquired retailer THOM Group from Silverfleet Capital and Qualium Investissement for 599M EUR

Acquisition Highlights
  • This is Bridgepoint’s 7th and Seven2’s 1st transaction in the Retail sector.
  • This is Bridgepoint’s 9th and Seven2’s largest (disclosed) transaction.
  • This is Bridgepoint’s 11th and Seven2’s 1st transaction in France.

M&A Deal Summary

Date 2010-10-15
Target THOM Group
Sector Retail
Buyer(s) Bridgepoint
Seven2
Sellers(s) Silverfleet Capital
Qualium Investissement
Deal Type Secondary Buyout
Deal Value 599M EUR

Target

THOM Group

Paris, France
THOM Group is a jewellery retailer in shopping centres, operating in the generalist affordable precious jewellery segment of the market where average ticket prices are below €300 but represent over 50% of the market in France. THOM Group is based in Paris, France.

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Buyer(S) 2

Buyer

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 28.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Bridgepoint is a large European private equity firm that invests in middle-market companies across a broad range of industries with an enterprise value of €200 - €1000 million. Prospective transaction situations include buyouts, buy-ins, growth financings, consolidations, and take privates. The firms invest in the range of €75 - €400 million transaction. Bridgepoint Development Capital specializes in investments in businesses valued up to a €150 million, taking equity stakes of between €10 million and €75 million. General sectors of interest include consumer products and services, retail, financial services, healthcare, media, technology, industrials, and business services. Bridgepoint was formed in 1984 and has offices in London, Frankfurt, Luxembourg, Madrid, Milan, Paris, Stockholm and Warsaw.


DEAL STATS #
Overall 63 of 176
Sector (Retail) 7 of 10
Type (Secondary Buyout) 16 of 70
Country (France) 11 of 42
Year (2010) 6 of 8
Size (of disclosed) 9 of 59
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-29 HobbyCraft

Christchurch, United Kingdom

HobbyCraft is an out-of-town art and craft retailer that operates 87 large format stores catering to over 250 pursuits including hobbies such as knitting, needlecraft, modeling, art and paper craft, and an e-commerce platform. HobbyCraft was founded in 1995 and is based in Christchurch, United Kingdom.

Buy £100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-01 Pulsant

Maidenhead, United Kingdom

Pulsant is a provider of connectivity, hosting and managed IT services to medium-sized businesses, acting as the outsourced partner responsible for IT infrastructure and hosting critical IT hardware in secure physical facilities or data centres to ensure a consistent IT environment with no downtime. Pulsant was established in 1995 and is based in Maidenhead, United Kingdom.

Buy -
Buyer

Seven2

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 4.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Seven2 is a private equity firm focused on investments in listed and unlisted small and midcap companies located in Continental Europe. The Firm targets growing businesses in the tech and telecom, consumer, and healthcare services sectors valued between €10 million and €1 billion. Seven2 generally has a five year investment horizon and considers minority and majority positions. Seven2 was established in 1972 and is headquartered in Paris, France.


DEAL STATS #
Overall 1 of 33
Sector (Retail) 1 of 2
Type (Secondary Buyout) 1 of 14
Country (France) 1 of 26
Year (2010) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-18 Vocalcom

Paris, France

Vocalcom is a software and multi-channel technology provider for customer contact centers. Vocalcom designs, develops and implements cloud and on-premise call center technologies that simplify management of all customer interaction channels and offer an exceptional experience. Vocalcom was founded in 1995 and is based in Paris, France.

Buy -

Seller(S) 2

SELLER

Silverfleet Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 2.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Silverfleet Capital is an independent private equity firm that invests in market leading businesses in growing sectors. Silverfleet looks to acquire companies headquartered in Western Europe or US-based businesses with a substantial European presence. Target companies are typically valued between €75 and €500 million and operate in sectors spanning business and financial services, healthcare, leisure, and retail/consumer. Silverfleet Capital was formerly known as PPM Capital, operating under Prudential plc. Silverfleet has offices in London, Paris, Munich, and Chicago.


DEAL STATS #
Overall 19 of 42
Sector (Retail) 2 of 5
Type (Secondary Buyout) 13 of 24
Country (France) 3 of 5
Year (2010) 1 of 1
Size (of disclosed) 6 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-20 Kalle Group

Wiesbaden, Germany

Kalle Group is a supplier of industrially produced casings for meat, poultry, and other protein products. In addition to its innovative range of value-added casings, it creates a steady stream of new and customized solutions that enable new types of products. Kalle uses its technological and innovative edge to accelerate the pace of development - both in existing markets and in many emerging markets in Latin America, Eastern Europe, and Asia. Kalle Group was founded in 1863 and is based in Wiesbaden, Germany.

Buy €213M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-18 Schneider Versand

Wedel, Germany

Schneider Group is a German catalog and online retailer selling fashion and lifestyle products into the German, Austrian, Swiss, Dutch and Swedish markets. Schneider Versand was formed in 1965 and is based in Wedel, Germany.

Buy -
SELLER

Qualium Investissement

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Qualium Investissement is a large private equity firm focused on acquiring and investing in French companies. The Firm does not have any sector preferences and prefers buyouts of family-owned or closely held companies that are seeking a change of ownership. Qualium's looks to invest €20 to €75 million in transactions valued up to €250 million. Qualium Investissement is based in Paris.


DEAL STATS #
Overall 13 of 38
Sector (Retail) 2 of 3
Type (Secondary Buyout) 9 of 26
Country (France) 11 of 36
Year (2010) 3 of 5
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-04 Plastiques Gosselin SA

Cedex, France

Plastiques Gosselin SA manufactures disposable plastic laboratory consumables for customers in Europe and internationally.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-25 Nutrial SAS

Faverolles, France

Nutrial SAS, a food company, offers chocolate drinks and dessert products.

Sell -