M&A Deal Summary

The Rohatyn Group and Souter Investments Limited Acquire Leader 96

On July 13, 2022, asset manager The Rohatyn Group and family office Souter Investments Limited acquired consumer products company Leader 96 from KJK Capital

Acquisition Highlights
  • This is The Rohatyn Group’s 1st and Souter Investments Limited’s 2nd transaction in the Consumer Products sector.
  • This is The Rohatyn Group’s 1st and Souter Investments Limited’s 1st transaction in Bulgaria.

M&A Deal Summary

Date 2022-07-13
Target Leader 96
Sector Consumer Products
Buyer(s) The Rohatyn Group
Souter Investments Limited
Sellers(s) KJK Capital
Deal Type Secondary Buyout

Target

Leader 96

Plovdiv, Bulgaria
Leader 96 is a producer of e-bikes in Europe with sales across the continent. Leader 96 produces a broad range of e-bikes including touring, trekking, mountain, folding, and gravel bike models. Leader 96 was founded in 1996 and is based in Plovdiv, Bulgaria.

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Buyer(S) 2

DESCRIPTION

The Rohatyn Group is a multi-strategy asset management firm focused on emerging markets. The Firm's investment areas include private equity, infrastructure, fixed income, currencies, forestry, and agriculture. Rohatyn's private equity group looks to invest alongside entrepreneurs, families and management teams in middle-market businesses that benefit from increasing levels of disposable income, improved access to healthcare and education, and increasing connectivity to developed markets. The Rohatyn Group was formed in 2002 and is headquartered in New York City.


DEAL STATS #
Overall 4 of 4
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (Bulgaria) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 Pet Network

Zagreb, Croatia

Pet Network offers its customers a best-in-class range of thousands of pet products, available both in physical stores and online, as well as other services such as grooming and veterinary care. Pet Network is a European pet care retail group of companies, currently operating in South-Eastern Europe. The company is operating under the brand Pet Centar, in Romania, operating under the brands Animax and Maxi Pet, in Slovenia, operating under the brand Mr. Pet, in Serbia, operating under the brand Pet Centar. Pet Network is based in Zagreb, Croatia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-27 Ness Digital Engineering

Teaneck, New Jersey, United States

Ness Digital Engineering is a provider of IT services and end-to-end solutions designed to help clients improve their competitiveness and efficiency. Ness' portfolio of solutions and services includes outsourcing, system integration, custom application development, consulting, quality assurance and training. Ness Digital Engineering was established in 1998 and is based in Teaneck, New Jersey.

Sell -
DESCRIPTION

Souter Investments is a family office focused on private equity investing throughout the UK. The Firm looks to commit £2 to £30 million to support a variety of transaction situations including buyouts, growth capital financings, corporate divestitures, and balance sheet restructurings. Broad areas of interest include transportation, luxury goods, financial services, healthcare, and business services. Souter Investments was established in 2008 and is based in Edinburgh, Scotland.


DEAL STATS #
Overall 38 of 48
Sector (Consumer Products) 2 of 2
Type (Secondary Buyout) 6 of 9
Country (Bulgaria) 1 of 1
Year (2022) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-23 SI-UK

London, United Kingdom

SI-UK provides free advice and support to international students applying to study in the UK. It is a recruitment agent for almost all Higher Education Institutions in the UK, with presence in 40 different source markets. SI-UK was founded in 2006 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 Stone Group

Staffordshire, United Kingdom

Stone Group is a provider of Circular IT solutions for education institutions, as well as public and private sector organizations. Stone Group was founded in 1991 and is based in Staffordshire, United Kingdom.

Sell -

Seller(S) 1

DESCRIPTION

KJK Capital is an asset management firm focused on public and private equity investing. KJK Capital was formed in 2010 and is headquartered in Helsinki.


DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Bulgaria) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 Gumiimpex-GRP

Varazdin, Croatia

Gumiimpex-GRP manufactures technical rubber products, recycles tires, and sells & distributes tires related products for commercial vehicles. Gumiimpex-GRP was founded in 1970 and is based in Varazdin, Croatia.

Buy -