M&A Deal Summary

TDR Capital and NB Private Equity Partners Acquire Constellation Automotive Group

On June 26, 2019, private equity firm TDR Capital and asset manager NB Private Equity Partners acquired automotive company Constellation Automotive Group for 1.9B GBP

Acquisition Highlights
  • This is TDR Capital’s 1st and NB Private Equity Partners’ 2nd transaction in the Automotive sector.
  • This is TDR Capital’s 4th and NB Private Equity Partners’ 4th largest (disclosed) transaction.
  • This is TDR Capital’s 12th and NB Private Equity Partners’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2019-06-26
Target Constellation Automotive Group
Sector Automotive
Buyer(s) TDR Capital
NB Private Equity Partners
Deal Type Going Private
Deal Value 1.9B GBP

Target

Constellation Automotive Group

Hampshire, United Kingdom
Constellation Automotive Group is a vehicle remarketing company specializes in multi-channel auctions of second-hand cars, vans, and trucks from leading European vehicle vendors. The company constantly offer thousands of used vehicles - all available for 24/7 viewing online. Constellation Automotive Group was formed in 1946 and is based in Hampshire, United Kingdom.

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Buyer(S) 2

Buyer

TDR Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 15.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

TDR Capital is a private equity firm that targets large companies valued from €300 million to €1.5 billion. TDR has a particular interest in under-managed, under-invested or misunderstood companies which may be transformed through greater strategic and operational focus. TDR is sector agnostic, however the Firm has a preference for opportunities in the leisure/hospitality, financial services, and business services sectors. TDR Capital was formed in 2002 and is based in London.


DEAL STATS #
Overall 22 of 32
Sector (Automotive) 1 of 1
Type (Going Private) 5 of 8
Country (United Kingdom) 12 of 18
Year (2019) 2 of 3
Size (of disclosed) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-19 NKD

Bindlach, Germany

NKD is a discount clothing retailer operating a chain of circa 1,800 small format stores in secondary and tertiary cities primarily in Germany and Austria with smaller operations in Croatia, northern Italy and Slovenia. NKD was founded in 1962 and is based in Bindlach, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-31 Nordic Leisure Travel Group

Stockholm, Sweden

Nordic Leisure Travel Group is a tour operator in Nordics, selling package holidays to consumers under the brands Ving (SE/NO), Spies (DK) and Tjäreborg (FI). Company has an integrated operating model (tour operators, airline and hotel operations) across the four Nordic Countries, with short- and long-haul destinations across the world. Nordic Leisure Travel Group is based in Stockholm, Sweden.

Buy -
DESCRIPTION

NB Private Equity Partners is a publicly traded asset manager focused on acquiring direct investments in privately held companies. The Firm principally targets businesses in the US and looks to invest alongside other private equity managers when considering opportunities. NB Private Equity Partners is headquartered in the UK, with an additional office in the US.


DEAL STATS #
Overall 22 of 27
Sector (Automotive) 2 of 2
Type (Going Private) 1 of 1
Country (United Kingdom) 1 of 3
Year (2019) 3 of 4
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-19 AutoStore

Nedre Vats, Norway

AutoStore is an automated robotic storage and retrieval system equipment and software manufacturer for the warehouse & distribution end-market. The Company has developed proprietary software and robotics technology for collection of warehouse-stored goods, providing significant improvements in warehouse capacity and packing / picking performance. AutoStore was founded in 1996 and is based in Nedre Vats , Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-05 Rino Mastrotto Group

Trissino, Italy

Rino Mastrotto Group produces and supplies leather products. Rino Mastrotto Group SpA offers calf and bovine leather products for footwear such as classic shoes, casual, and sporting footwear, as well as for leather goods. Rino Mastrotto Group was founded in 1998 and is based in Trissino, Italy.

Buy -