M&A Deal Summary

SNCF Group Acquires Keolis SA

On June 4, 2012, SNCF Group acquired transportation company Keolis SA from Sparring Capital and Ardian

Acquisition Highlights
  • This is SNCF Group’s 1st transaction in the Transportation sector.
  • This is SNCF Group’s 1st transaction in France.

M&A Deal Summary
Date 2012-06-04
Target Keolis SA
Sector Transportation
Buyer(s) SNCF Group
Sellers(s) Sparring Capital
Ardian
Deal Type Add-on Acquisition

Target

Keolis SA

Paris, France
Kéolis SA manages passenger transport networks for the account of local authorities and private contractors: buses, cars, subways, tramways, trolley buses, ferry networks, and maritime links.

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Buyer(S) 1

Buyer

SNCF Group

Saint Denis, France
Category Company
Sector Engineering
DESCRIPTION

SNCF is France's national state-owned railway company and manages the rail traffic in France and the Principality of Monaco.

DEAL STATS #
Overall 2 of 2
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (France) 1 of 1
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-30 Rentokil Initial - Initial Rouch Intermodal Business

United Kingdom

Rentokil Initial - Initial Rouch Intermodal Business is a distributor of travel-related products.

Buy £3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 OUIBUS

Vitry-sur-Seine, France

OUIBUS is a low-cost bus transportation service provider. OUIBUS was founded in 2012 and is based in Vitry-sur-Seine, France.

Sell -

Seller(S) 2

SELLER

Sparring Capital

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 850M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Sparring Capital Capital is a private equity firm focused on acquiring majority positions in private medium-sized French companies. Pragma looks to fund leveraged buyouts and development capital financings of businesses with high barriers to entry and that lead their respective market niches. The Firm typically seeks companies with at least €10 million in revenue and at least €1.5 million of EBITDA. Sparring Capital was formed in 2002 and is based in Paris.

DEAL STATS #
Overall 6 of 21
Sector (Transportation) 2 of 4
Type (Add-on Acquisition) 1 of 3
Country (France) 5 of 20
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-26 Furnotel

Athis-Mons, France

Furnotel is an importation and distribution of professional cuisine equipment and covers the entire range of products: baking, washing, refrigeration, small electrical devices, display cabinets etc. Furnotel was founded in 1975 and is based in Athis-Mons, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-02 Stelliant

Paris, France

Stelliant is a provider of loss adjustment services for insurance companies, repair in kind, claims management and real estate diagnosis. Stelliant was founded in 1987 and is based in Paris, 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 53 of 222
Sector (Transportation) 1 of 5
Type (Add-on Acquisition) 16 of 52
Country (France) 28 of 106
Year (2012) 7 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-31 Roofing Supply Group

Dallas, Texas, United States

Roofing Supply Group LLC is a wholesale distributor of roofing supplies and related materials.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-18 NOVARC

Malataverne, France

NOVARC is a provider of electrical safety equipment and maintenance products for the automotive sector. NOVARC was founded in 1993 and is based in Malataverne, France.

Buy -
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