M&A Deal Summary

Teslin Capital Management and KKR Acquire Accell Group

On July 20, 2022, asset manager Teslin Capital Management and private equity firm KKR acquired consumer products company Accell Group

Acquisition Highlights
  • This is Teslin Capital Management’s 2nd and KKR’s 15th transaction in the Consumer Products sector.
  • This is Teslin Capital Management’s 9th and KKR’s 16th transaction in the Netherlands.

M&A Deal Summary

Date 2022-07-20
Target Accell Group
Sector Consumer Products
Buyer(s) Teslin Capital Management
KKR
Deal Type Going Private

Target

Accell Group

Heerenveen, Netherlands
Accell Group is an entity which owns several European bicycle manufacturers. In addition to producing bikes, the Accell Group is also involved in the production of fitness equipment and other consumer products. Accell Group is based in Heerenveen, Netherlands.

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Buyer(S) 2

DESCRIPTION

Teslin Capital Management is an investment firm focused on small to medium-sized listed company investments. The Firm targets businesses throughout the Netherlands and nearby regions with an emphasis on sustainable value creation. Teslin Capital Management was founded in 1991 and is based in Maarsbergen, the Netherlands.


DEAL STATS #
Overall 10 of 10
Sector (Consumer Products) 2 of 2
Type (Going Private) 2 of 2
Country (Netherlands) 9 of 9
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-05 HyET Solar

Arnhem, Netherlands

HyET Solar is a manufacturer and developer of photovoltaic films. HyET Solar is based in Arnhem, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-21 Ordina

Nieuwegein, Netherlands

Ordina is a provider of consulting, solutions, and IT in the Netherlands, Belgium, and Luxembourg. Ordina was founded in 1973 and is based in Nieuwegein, Netherlands.

Sell -
Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 436 of 483
Sector (Consumer Products) 15 of 16
Type (Going Private) 32 of 37
Country (Netherlands) 16 of 17
Year (2022) 15 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 GfK

Nuremberg, Germany

GfK is a global market research company that provides custom and standardized market research about media and retail consumption. GfK was founded in 1934 and is based in Nuremberg, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-24 Ruichen Pet Hospital Group

Beijing, China

Ruichen provides pet-focused medical services that include healthcare, laboratory diagnosis, grooming and pet products. Ruichen Pet Hospital Group is based in Beijing, China.

Buy -