M&A Deal Summary

Straco Acquires Cedo

On October 16, 2014, private equity real estate Straco acquired consumer products company Cedo from Rutland Partners and Indigo Capital

Acquisition Highlights
  • This is Straco’s 1st transaction in the Consumer Products sector.
  • This is Straco’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2014-10-16
Target Cedo
Sector Consumer Products
Buyer(s) Straco
Sellers(s) Rutland Partners
Indigo Capital
Deal Type Secondary Buyout

Target

Cedo

Shropshire, United Kingdom
Cedo is a manufacturer of household disposables, manufacturing both own-label and proprietary products such as refuse sacks, bin liners and other speciality kitchen and household disposable products including nappy sacks, cling film and aluminium foil. Cedo was founded in 1965 and is based in Shropshire, United Kingdom.

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Buyer(S) 1

DESCRIPTION

Straco is a diversified investment group focused on real estate and private equity investing. The Firm's real estate group looks to acquire prime retail shops and semi-industrial buildings as well as invest in new real estate projects. The Firm's private equity group looks to provide equity and subordinated debt capital to companies operating in traditional industries. Straco prefers opportunities throughout Belgium, The Netherlands, The UK, Luxembourg, France and Germany. Straco was formed in 1986 and is headquartered in Gent, Belgium.


DEAL STATS #
Overall 1 of 6
Sector: Consumer Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
Country: United Kingdom M&A 1 of 1
Year: 2014 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-08 Forum Jobs

Roeselare, Belgium

Forum Jobs is an independent temporary staffing company operating over 30 offices, mainly in Flanders. It is active in the staffing of general blue-and white-collar profiles, and serves various niches including food, call centres, construction, and technical profiles. Forum Jobs was founded in 1997 and is based in Roeselare, Belgium.

Buy -

Seller(S) 2

SELLER

Rutland Partners

London, United Kingdom

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 650M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Rutland Partners is a generalist private equity firm focused on investing in mid-market companies based in or with a significant presence in the UK. Rutland looks to commit £10-50 million of equity capital in companies valued up to £150 million. Prospective transactions can take the form of take privates, management buyouts, management buy-ins, replacement capital, turnarounds, and secondary purchases. Rutland Partners was formed in 1986 and is based in London.


DEAL STATS #
Overall 15 of 25
Sector: Consumer Products M&A 3 of 5
Type: Secondary Buyout M&A Deals 2 of 3
Country: United Kingdom M&A 11 of 21
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-27 Maplin Electronics

Rotherham, United Kingdom

Maplin Electronics Ltd. is a specialist retailer of consumer electronics. Its national network of stores are a goldmine of useful consumer technologies and gadgets.

Buy £85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-23 Gardman

Peterborough, United Kingdom

Gardman Ltd. is a provider of wild bird-care products such as seeds and feeders; tooling, gardening footwear and gloves; lighting; greenhouses; and pots, planters and hanging baskets. Gardman Ltd. was founded in 1992 and is based in Peterborough, United Kingdom.

Buy -
SELLER

Indigo Capital

London, United Kingdom

Category Mezzanine Finance Firm
Founded 1990
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Indigo Capital is a provider of mezzanine capital to help fund buyouts, corporate acquisitions, expansions, and recapitalizations. Indigo typically invests alongside other private equity firms, however the Firm invests independently as well. Indigo is active throughout Europe and looks to commit €10 to €100 million per transaction. Indigo is sector agnostic and generally backs businesses with 'established market positions, strong, ambitious and incentivized management and attractive growth prospects.' Indigo Capital raised its first fund in 1990. The Firm has offices in London and Paris.


DEAL STATS #
Overall 31 of 41
Sector: Consumer Products M&A 3 of 4
Type: Secondary Buyout M&A Deals 15 of 23
Country: United Kingdom M&A 9 of 11
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Carat Security Group

Liege,

The Carat Security Group was formed in February, 2008 as the world's two premier mobile armor manufacturers, Carat Duchatelet and Centigon, combined to form the world's largest commercial armored vehicle provider, operating seven factories worldwide, serving every continent.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-24 Interflora

Lyon, France

Interflora is a flower and gift digital platform that operates a portfolio of complementary gifting brands including Interflora, the iconic European flower and gift brand in France, Denmark, Italy, Spain, Portugal, Luxembourg, Iceland, and Romania. MyFlower is the holding company of the Interflora France group operating the Interflora brand, a leader in floral transmission in Europe, which also owns the online pure-player “Bebloom”, as well as “Renaud Distribution”, a leader in distributing supplies to florists, and cadeaux.com, the leader in online distribution of personalized gifts. Interflora was formed in 1991 and is based in Lyon, France.

Sell -