M&A Deal Summary

The Carlyle Group and Investindustrial Acquire Flos B&B Italia Group

On September 12, 2018, private equity firms The Carlyle Group and Investindustrial acquired business services company Flos B&B Italia Group

Acquisition Highlights
  • This is The Carlyle Group’s 29th and Investindustrial’s 3rd transaction in the Business Services sector.
  • This is The Carlyle Group’s 11th and Investindustrial’s 20th transaction in Italy.

M&A Deal Summary

Date 2018-09-12
Target Flos B&B Italia Group
Sector Business Services
Buyer(s) The Carlyle Group
Investindustrial
Deal Type Consolidation

Target

Flos B&B Italia Group

Milan, Italy
Flos B&B Italia Group owns and operates complementary brands such as Flos, Louis Poulsen, B&B Italia, Maxalto, Azucena and Arclinea. Flos B&B Italia Group was founded in 2018 and is based in Milan, Italy.

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Buyer(S) 2

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 626 of 744
Sector (Business Services) 29 of 34
Type (Consolidation) 3 of 5
Country (Italy) 11 of 16
Year (2018) 17 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-12 Sedgwick

Memphis, Tennessee, United States

Sedgwick is a global provider of technology-enabled risk, benefits and integrated business solutions. The Company provides technology-enabled claims management solutions for workers’ compensation, disability, liability, and property claims. Sedgwick was founded in 1969 and is based in Memphis, Tennessee.

Buy $6.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-13 Abacus Pharmaceuticals

Lugogo Kampala, Uganda

Abacus Pharmaceuticals is a distributor of pharmaceutical products in East Africa and the largest manufacturer of parenterals (IV fluids, ear, eye and nose drops) in Uganda. The company has a differentiated product offering, ranging from mission critical parenterals to branded generics for chronic therapeutic areas such as oncology, diabetes and cardiovascular. Abacus Pharmaceuticals was founded in 1995 and is based in Lugogo Kampala, Uganda.

Buy -
Buyer

Investindustrial

London, United Kingdom

Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 11.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Investindustrial is an investment firm focused on creating global leaders through organic growth and acquisitions. The Firm is operationally driven and seeks opportunities in Southern Europe. Areas of interest include services, consumer, retail, leisure, and industrial manufacturing. Investindustrial has offices in London, Luxembourg, Milan, Lugano, Barcelona, Shanghai, and New York.


DEAL STATS #
Overall 38 of 58
Sector (Business Services) 3 of 3
Type (Consolidation) 1 of 1
Country (Italy) 20 of 28
Year (2018) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-12 Louis Poulsen Lighting

Copenhagen, Denmark

Louis Poulsen Lighting is a manufacturer and distributor of lighting fixtures. Louis Poulsen Lighting was founded in 1874 and is based in Copenhagen, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 AEB

Brescia, Italy

AEB is a provider of biotechnology solutions and process enablers for the food and beverage sector, particularly for the oenology market. AEB offers a wide range of products, allowing users to take advantage of the most innovative wine processing and treatment techniques. The result of advanced scientific and technical research, AEB products make use of unique formulations, answering in a targeted way any problem and need concerning the entire winemaking process. AEB was founded in 1963 and is based in Brescia, Italy.

Sell -