M&A Deal Summary

Terra Firma Capital Partners Acquires Viterra

On January 1, 2005, private equity firm Terra Firma Capital Partners acquired real estate company Viterra for 6.5B USD

Acquisition Highlights
  • This is Terra Firma Capital Partners’ 1st transaction in the Real Estate sector.
  • This is Terra Firma Capital Partners’ largest (disclosed) transaction.
  • This is Terra Firma Capital Partners’ 2nd transaction in Germany.

M&A Deal Summary
Date 2005-01-01
Target Viterra
Sector Real Estate
Buyer(s) Terra Firma Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 6.5B USD

Target

Viterra

Bochum, Germany
Viterra was a predominantly residential property company in Germany with approximately 150,000 units under ownership or management. Its main areas of business were the letting of residential property, active asset management and the sale of flats to tenants, owner-occupiers or local investors.

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Buyer(S) 1

Buyer

Terra Firma Capital Partners

London, United Kingdom

Investor 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 20 of 39
Sector (Real Estate) 1 of 5
Type (Buyout (LBO, MBO, MBI)) 18 of 32
Country (Germany) 2 of 4
Year (2005) 2 of 4
Size (of disclosed) 1 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 British Gas Connections

Slough, United Kingdom

British Gas Connections Ltd. provided gas services to gas shippers for the transportation of gas to end users.

Buy €141M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-08 East Surrey Holdings

Redhill, United Kingdom

East Surrey Holdings (ESH) operated and developed regulated infrastructure businesses and originally included three operations: Sutton and East Surrey Water (SESW), Phoenix Natural Gas (PNG) and East Surrey Pipelines (ESP).

Buy €433M
Mergr

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