M&A Deal Summary

The Blackstone Group Acquires BME

On July 16, 2019, private equity firm The Blackstone Group acquired distribution company BME from CRH for 1.6B EUR

Acquisition Highlights
  • This is The Blackstone Group’s 3rd transaction in the Distribution sector.
  • This is The Blackstone Group’s 64th largest (disclosed) transaction.
  • This is The Blackstone Group’s 4th transaction in the Netherlands.

M&A Deal Summary
Date 2019-07-16
Target BME
Sector Distribution
Buyer(s) The Blackstone Group
Sellers(s) CRH
Deal Type Divestiture
Deal Value 1.6B EUR

Target

BME

Schiphol, Netherlands
BME is a distributor of building materials. BME sells building materials to professional builders, contractors, craftsmen, (specialized) installers, and consumers. BME does this through a large network of branches and showrooms operating under trusted and well-known local brands. BME is active in three business areas: General Builders Merchants (GBM), Sanitary, Heating and Plumbing (SHAP), and Do-It-Yourself (DIY). BME was founded in 2019 and is based in Schiphol, Netherlands.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.

DEAL STATS #
Overall 258 of 339
Sector (Distribution) 3 of 3
Type (Divestiture) 25 of 33
Country (Netherlands) 4 of 5
Year (2019) 11 of 16
Size (of disclosed) 64 of 172
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Vungle

San Francisco, California, United States

Vungle is a performance marketing platform for in-app video advertisements on mobile devices. Mobile application developers partner with Vungle to monetize their apps through innovative in-app ad experiences that are inspired by insight and crafted with creativity. Advertisers depend on Vungle to reach, acquire, and retain high-value users worldwide. Vungle develops tools that include data-led buying and UX recommendations, ad format innovation, creative automation, and more. Vungle’s data-optimized ads run on over 1 billion unique devices to drive engagement and increase returns for publishers and advertisers ranging from indie studios to powerhouse brands, including Rovio, Zynga, Pandora, Microsoft, and Scopely. The Company is headquartered in San Francisco.

Buy $750M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Refinitiv

New York, New York, United States

Refinitiv is a large provider of financial markets data and infrastructure, serving over 40,000 institutions in over 150 countries. It provides data and insights, trading platforms, market data infrastructure and open technology platforms that support and connect the global financial markets community. Refinitiv was formerly known as Thomson Reuters Financial & Risk and is based in New York.

Sell $27.0B

Seller(S) 1

SELLER

CRH

Dublin, Ireland
Category Company
Founded 1936
Sector Building Materials
Employees78,500
Revenue 34.9B USD (2023)
DESCRIPTION

CRH is the parent company for an international group of diversified building materials businesses which are engaged in the manufacture and supply of a wide range of building materials and in the operation of builders’ merchanting and DIY stores. CRH was incorporated in 1936 and is based in Dublin, Ireland.

DEAL STATS #
Overall 6 of 8
Sector (Distribution) 2 of 2
Type (Divestiture) 6 of 8
Country (Netherlands) 2 of 3
Year (2019) 2 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-24 CRH - Shutters & Awnings

Ireland

CRH plc - Shutters & Awnings is a producer of shutters, awnings, and garage doors under Alulux, AVZ, Erhardt Markisen, and SWS brands in Western Europe.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-24 Heras

Oirschot, Netherlands

Heras provides mobile and permanent perimeter protection systems, products, and services. Heras business supplies products such as fencing systems, manual and automated gates, hostile vehicle mitigation barriers, and electronic perimeter detection products to its end customers including construction companies, public authorities, distributors, wholesalers, installers, event organizers, and rental companies. Heras is based in Oirschot, Netherlands.

Sell -
Mergr

Product

Company

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