M&A Deal Summary

Silver Lake Acquires Grupo BC

On October 19, 2021, private equity firm Silver Lake acquired business services company Grupo BC from L-GAM Advisers and Oquendo Capital

Acquisition Highlights
  • This is Silver Lake’s 5th transaction in the Business Services sector.
  • This is Silver Lake’s 1st transaction in Spain.

M&A Deal Summary

Date 2021-10-19
Target Grupo BC
Sector Business Services
Buyer(s) Silver Lake
Sellers(s) L-GAM Advisers
Oquendo Capital
Deal Type Secondary Buyout
Advisor(s) Socios Financieros
Canson Capital Partners (Financial)

Target

Grupo BC

Madrid, Spain
Grupo BC is a BPO company in Southern Europe, specialized in outsourcing of services to banking industry related to processing and managing files. Grupo BC was founded in 1974 and is based in Madrid, Spain.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Silver Lake

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 104.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.


DEAL STATS #
Overall 123 of 136
Sector: Business Services M&A 5 of 7
Type: Secondary Buyout M&A Deals 18 of 20
Country: Spain M&A 1 of 1
Year: 2021 M&A 9 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-18 Euroclear

Brussels, Belgium

Euroclear is a provider of domestic and cross-border settlement and related services for bond, equity, derivatives, and fund transactions. Euroclear was founded in 1968 and is based in Brussels, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Vacasa

Portland, Oregon, United States

Vacasa is a vacation rental management company in North America and offers property management and other real estate services directly and through licensed subsidiaries. Vacasa was founded in 2009 and is based in Portland, Oregon.

Sell -

Seller(S) 2

SELLER

L-GAM Advisers

Investor Investor Investor Investor Investor


Category Family Office
Founded 2013
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

L-GAM Advisers is an investment firm established in partnership with the Princely Family of Liechtenstein. L-GAM looks to commit €40 to €150 million per transaction in companies with €50 to €300 million of revenue. Sectors of interest include apparel/textiles, automotive, business services, healthcare services, IT, and retail. L-GAM Advisers was formed in 2013 and is based in Luxembourg.


DEAL STATS #
Overall 5 of 6
Sector: Business Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
Country: Spain M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 Ancorotti Cosmetics

Crema, Italy

Ancorotti Cosmetics is a global manufacturer of mascara and other color cosmetics. Ancorotti was founded by Renato and Enrica Monica Ancorotti and is globally recognized for its quality, development capabilities, and innovation in the field of third-party cosmetics manufacturing. Ancorotti serves over 300 international customers, including some of the fastest-growing and most exciting brands in the market today, generating over 85% of its sales outside of Italy. Ancorotti Cosmetics was founded in 2009 and is based in Crema, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-15 COTTA Collection

Bendern, Liechtenstein

COTTA Collection is a manufacturer of upholstered furniture for the segment “neue Mitte” and supplies retailers in 26 European countries. COTTA is characterized by a superior value-for-money ratio, short delivery times, high innovation rate, unique quality in this price segment, and a dedicated focus on customer and service orientation. Product development, purchasing, and sales and marketing are managed in Bendern (Liechtenstein) while the production of upholstered furniture is accomplished in Romania and Poland. In 2013 COTTA supplied approximately 400,000 upholstered suites with ca. 1,300 employees. COTTA Collection is based in Bendern, Liechtenstein.

Buy -
SELLER

Oquendo Capital

Madrid, Spain

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2007
PE ASSETS 407M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Oquendo Capital is a Spanish mezzanine finance firm offering subordinated debt to help support leveraged buyouts, balance sheet restructurings, and company expansions. Oquendo looks to fund businesses with low cyclicality, recurring revenues, market leadership, experienced management, and low capital requirements. The Firm's target investment size is €5 to €10 million. Oquendo Capital was formed in 2007 and is based in Madrid.


DEAL STATS #
Overall 7 of 7
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 4
Country: Spain M&A 7 of 7
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 Caiba

Ribarroja, Spain

Caiba is a manufacturer specializing in the manufacture of PET plastic containers and preforms. Caiba was founded in 1955 and is based in Ribarroja, Spain.

Sell -