M&A Deal Summary

Terra Firma Capital Partners Acquires Le Meridien Hotels

On January 1, 2000, private equity firm Terra Firma Capital Partners acquired leisure company Le Meridien Hotels for 3.5B EUR

Acquisition Highlights
  • This is Terra Firma Capital Partners’ 2nd transaction in the Leisure sector.
  • This is Terra Firma Capital Partners’ 2nd largest (disclosed) transaction.

M&A Deal Summary

Date 2000-01-01
Target Le Meridien Hotels
Sector Leisure
Buyer(s) Terra Firma Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 3.5B EUR

Target

Le Meridien Hotels

London,
Meridien consisted of the Le Meridien Hotel Group, the Principal Hotel Group and the Cumberland Hotel. The company owned 143 mostly four and five star hotels in prime locations around the world, including 76 management contracts.

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Buyer(S) 1

Buyer

Terra Firma Capital Partners

London, United Kingdom

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 18.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Terra Firma Capital Partners is a private equity firm that primarily targets distressed 'asset rich' companies in need of management change or operational improvement. Terra Firma also invests in market leading businesses, or platform businesses capable of becoming market-leading businesses through add-on investments. Terra Firma generally looks to invest in businesses headquartered in Western Europe. Terra Firma was originally formed in 1994 and became an independent investment group in 2002. The Firm is based in London.


DEAL STATS #
Overall 12 of 39
Sector (Leisure) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 11 of 32
Country () 0 of 0
Year (2000) 3 of 3
Size (of disclosed) 2 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Hyder Business Services

United Kingdom

HBS is a business-process outsourcing (BPO) and information technology company operating mainly in the public sector market.

Buy €150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Phoenix Inns

London, United Kingdom

Phoenix Inns owned approximately 1,800 tenanted, untied pubs previously owned by Grand Metropolitan plc and Fosters.

Sell -