M&A Deal Summary

Tikehau Capital Acquires Claranet

On May 11, 2017, asset manager Tikehau Capital acquired internet software and services company Claranet from ABRY Partners and Ares Private Equity Group for 80M GBP

Acquisition Highlights
  • This is Tikehau Capital’s 2nd transaction in the Internet Software and Services sector.
  • This is Tikehau Capital’s largest (disclosed) transaction.
  • This is Tikehau Capital’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2017-05-11
Target Claranet
Sector Internet Software and Services
Buyer(s) Tikehau Capital
Sellers(s) ABRY Partners
Ares Private Equity Group
Deal Type Secondary Buyout
Deal Value 80M GBP

Target

Claranet

London, United Kingdom
Claranet provides a wide range of integrated hosting, networks, and communications managed services, as well as our support and expertise 24×7. Claranet was formed in 1996 and is based in London, England.

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Buyer(S) 1

Buyer

Tikehau Capital

Investor Investor


Category Asset Manager
Founded 2004
PE ASSETS 7.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Tikehau Capital is a global alternative asset management firm with with a variety of investing strategies including private debt, real assets, private equity, and capital markets strategies. The Firm's private equity group looks to invest directly in companies, private equity funds, as well as minority co-investments with other partners. For direct investments, Tikehau sees to partner with management in companies generating €20 million to €1 billion in revenue. Tikehau Capital was formed in 2004 and is based in Paris, France.


DEAL STATS #
Overall 8 of 24
Sector (Internet Software and Services) 2 of 3
Type (Secondary Buyout) 4 of 8
Country (United Kingdom) 1 of 2
Year (2017) 2 of 5
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-31 Oodrive

Paris, France

Oodrive is a developer of online file sharing, backup and digital trust solutions for professionals, in line with the most rigorous international security standards. Oodrive's technologies are used in more than 90 countries and in 14 languages. Oodrive was founded in 2000 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-30 Centauro Rent-A-Car S.L.

Alicante, Spain

Centauro Rent-A-Car S.L. is a provider of low-cost car rental services in the Iberian Peninsula, with 15 rental offices across Spain and Portugal. Centauro operates primarily through off-airport locations in the major touristic destinations in the Mediterranean and Portuguese coast. Centauro Rent-A-Car S.L. was founded in 1973 and is based in Alicante, Spain.

Buy -

Seller(S) 2

SELLER

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 66 of 103
Sector (Internet Software and Services) 5 of 10
Type (Secondary Buyout) 18 of 33
Country (United Kingdom) 4 of 7
Year (2017) 4 of 11
Size (of disclosed) 28 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 Source Medical Solutions

Birmingham, Alabama, United States

Source Medical Solutions, Inc. (SourceMedical) is a provider of outpatient information solutions and revenue cycle management services for rehabilitation clinics, ambulatory surgery centers and specialty hospitals nationwide. SourceMed is based in Birmingham, Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-16 Securus Technologies

Dallas, Texas, United States

Securus Technologies is a provider of specialized telecommunications products and services, including security-enhanced call processing, call validation and billing for the corrections communications marketplace. Securus Technologies was founded in 1986 and is based in Dallas, Texas.

Sell -
SELLER

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 20.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.


DEAL STATS #
Overall 25 of 44
Sector (Internet Software and Services) 1 of 1
Type (Secondary Buyout) 9 of 16
Country (United Kingdom) 2 of 4
Year (2017) 2 of 4
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-09 DC380

Harlow, United Kingdom

DC380 is a 389,444-square-foot distribution warehouse with office space that is strategically located in an established industrial and trade area of Harlow in the south east of England between London and Stansted Airport. The property is currently leased to Industrial Tool Supplies, one of the UK’s largest independent suppliers of power tools, and Wincanton, the largest British logistics service provider.DC380 is based in Harlow, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-18 DevaConcepts

New York, New York, United States

DevaConcepts LLC offers high-growth, premium and category-leading hair care and styling products for all types of curly and wavy hair with a comprehensive portfolio of vegan and “free-from” formulas. The product range includes cleansers, conditioners, styling products, styling accessories, and treatments.

Buy -