M&A Deal Summary

Silverfleet Capital and ICG Acquire OREFI

On January 1, 1998, private equity firm Silverfleet Capital and mezzanine finance firm ICG acquired distribution company OREFI

Acquisition Highlights
  • This is Silverfleet Capital’s 1st and ICG’s 2nd transaction in the Distribution sector.
  • This is Silverfleet Capital’s 1st and ICG’s 11th transaction in France.
Investment Fate
  • OREFI was sold to a consortium of financial buyers in 2006.

M&A Deal Summary

Date 1998-01-01
Target OREFI
Sector Distribution
Buyer(s) Silverfleet Capital
ICG
Deal Type Buyout (LBO, MBO, MBI)

Target

OREFI

Lyon, France
Orefi distributes industrial supplies. OREFI was founded in 1987 and is based in Lyon, France.

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Buyer(S) 2

Buyer

Silverfleet Capital

London, United Kingdom

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 8 of 50
Sector: Distribution M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 24
Country: France M&A 1 of 6
Year: 1998 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Fired Earth

Banbury, United Kingdom

Fired Earth brings in product range beyond ceramic tiles to include paints, tribal rugs, natural floor coverings, wooden floors, fabrics and bathrooms, under the H2O label. Eighteen new retail outlets were opened, bringing the total to 55, with showrooms in the UK and Europe.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-01 JOA

Lyon, France

JOA is a casino operators in France with a national network of 32 medium-sized casinos and an online sports betting platform. JOA was founded in 1948 and is based in Lyon, France.

Buy -
Buyer

ICG

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 33.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 40 of 294
Sector: Distribution M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 34 of 112
Country: France M&A 11 of 72
Year: 1998 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Blagden Packaging Group NV

Roe, Belgium

Blagden Packaging Group NV is a European supplier of large steel drums. The business has new drum manufacturing plants in the UK, Belgium, Netherlands and Spain and drum reconditioning plants located in Belgium, Germany, Austria, The Netherlands and the UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-01 Hygiene Diffusion SA

Lunel-Viel, France

Hygiène Diffusion SA is a manufacturer of diaper products with strong positions in France, Germany and Spain.

Sell -