M&A Deal Summary

The Cranemere Group Acquires Marmite

On May 12, 2016, private equity firm The Cranemere Group acquired building materials company Marmite from Innova Capital

Acquisition Highlights
  • This is The Cranemere Group’s 2nd transaction in the Building Materials sector.
  • This is The Cranemere Group’s 1st transaction in Poland.

M&A Deal Summary

Date 2016-05-12
Target Marmite
Sector Building Materials
Buyer(s) The Cranemere Group
Sellers(s) Innova Capital
Deal Type Secondary Buyout

Target

Marmite

Zakrzewo, Poland
Marmite is a manufacturer of washbasins, shower trays, and bathtubs made of cast marble. The company brings together natural mineral materials, sophisticated technology and develops efficient cast marble innovations. Marmite was established in 1978 and is based in Zakrzewo, Poland.

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Buyer(S) 1

DESCRIPTION

The Cranmere Group is a private investment firm focused on middle-market company acquisitions in Western Europe and the US. The Firm was formed in 2014 and is based in London.


DEAL STATS #
Overall 3 of 10
Sector (Building Materials) 2 of 2
Type (Secondary Buyout) 1 of 3
Country (Poland) 1 of 1
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Engineered Stone Group

United Kingdom

Engineered Stone Group provides material that unites natural stone with resins to produce a superior material. The Engineered Stone Group offers greater design freedom, a more luxurious feel, enhanced strength, and improved heat retention and acoustic properties.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-05 NorthStar Anesthesia

Irving, Texas, United States

NorthStar Anesthesia is a national anesthesiology platform that provides operating room efficiencies, improved clinical outcomes, and healthcare cost reductions through outsourced anesthesia services. NorthStar Anesthesia was established in 2004 and is based in Irving, Texas.

Buy -

Seller(S) 1

SELLER

Innova Capital

Warsaw, Poland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Innova Capital is a private equity firm focused on investment opportunities in Central Europe. Innova generally looks to invest in businesses operating in Poland, Hungary, the Czech Republic, however the firm will also consider companies operating in bordering areas, such as the Nordic Countries, as well as Germany and Austria. Target sectors include business services, specialist media, financial services, and telecom. Innova seeks to commit between €25 to €40 million of equity capital per transaction. The Firm's investment horizon is three to five years. Innova Capital was formed in 1994 and is based in Warsaw, Poland.


DEAL STATS #
Overall 22 of 30
Sector (Building Materials) 2 of 3
Type (Secondary Buyout) 5 of 6
Country (Poland) 16 of 21
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-14 La Fantana

Bucharest, Romania

La Fantana is a bottler and distributor of spring water in 19-liter bottles for offices in Romania and Serbia, with respective market shares estimated at 70% in Romania and above 60% in Serbia. La Fantana was founded in 2000 and is based in Bucharest, Romania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-29 BENESTRA

Bratislava, Slovakia

BENESTRA is a Slovakian alternative telecom provider focused on the corporate market segment. Company operates a portfolio of voice and data communication solutions, internet connectivity, data centers, and hosting services on both physical and virtual cloud platforms. BENESTRA was founded in 1993 and is based in Bratislava, Slovakia.

Sell €100M