M&A Deal Summary

TDR Capital Acquires Delek Europe BV

On April 22, 2014, private equity firm TDR Capital acquired oil/gas exploration company Delek Europe BV from Delek Group for 355M EUR

Acquisition Highlights
  • This is TDR Capital’s 1st transaction in the Oil/Gas Exploration sector.
  • This is TDR Capital’s 8th largest (disclosed) transaction.
  • This is TDR Capital’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2014-04-22
Target Delek Europe BV
Sector Oil/Gas Exploration
Buyer(s) TDR Capital
Sellers(s) Delek Group
Deal Type Divestiture
Deal Value 355M EUR

Target

Delek Europe BV

Breda, Netherlands
Delek Europe B.V. operates fuelling stations and convenience stores.

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Buyer(S) 1

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 14 of 31
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 4 of 8
Country (Netherlands) 1 of 2
Year (2014) 1 of 4
Size (of disclosed) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-16 David Lloyd Clubs

Hertfordshire, United Kingdom

David Lloyd Clubs is an operator of racquets, health and fitness clubs in Europe. The portfolio consists of 91 premium, family-oriented clubs with 80 clubs in the UK and 10 sites in Europe including Brussels, Barcelona, Dublin and Amsterdam. David Lloyd Clubs was formed in 1982 and is based in Hertfordshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-13 International Car Wash Group

Centennial, Colorado, United States

International Car Wash Group is a large local car wash conglomerate washing millions of cars across North America and Europe. The Company was established in 1965 and is headquartered in Centennial, Colorado.

Buy -

Seller(S) 1

SELLER

Delek Group

Herzliya, Israel

Category Company
Founded 1951
Sector Oil/Gas Exploration
Employees612
Revenue 12.3B ILS (2023)
DESCRIPTION

Delek Group is a holding company through subsidiaries retails gasoline and lubricants, and operates gasoline filling stations, convenience stores and a crude oil pipeline and refinery in the United States, holds interests in the energy, infrastructure, automotive, media, finance and wealth management sectors, and owns real estate investments. Delek Group was founded in 1951 and is headquartered in Herzliya, Israel.


DEAL STATS #
Overall 1 of 5
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 4
Country (Netherlands) 1 of 1
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-02 Roadchef

Cannock, United Kingdom

RoadChef is a roadside service area businesses operates motorway service areas in Britain. It operates catering and retail brand outlets, and restaurants, which provide meals, sandwiches, muffins, pastries, breakfasts, portions of fish and chips, and coffees. Roadchef was founded in 1973 and is based in Cannock, United Kingdom.

Buy £417M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-16 Roadchef

Cannock, United Kingdom

RoadChef is a roadside service area businesses operates motorway service areas in Britain. It operates catering and retail brand outlets, and restaurants, which provide meals, sandwiches, muffins, pastries, breakfasts, portions of fish and chips, and coffees. Roadchef was founded in 1973 and is based in Cannock, United Kingdom.

Sell £153M