M&A Deal Summary

Vermeer Capital Acquires KALHYGE

On June 8, 2013, private equity firm Vermeer Capital acquired business services company KALHYGE from Sagard and Ardian

Acquisition Highlights
  • This is Vermeer Capital’s 1st transaction in the Business Services sector.
  • This is Vermeer Capital’s 3rd transaction in France.
Investment Fate
  • KALHYGE was sold to a strategic buyer in 2016.

M&A Deal Summary

Date 2013-06-08
Target KALHYGE
Sector Business Services
Buyer(s) Vermeer Capital
Sellers(s) Sagard
Ardian
Deal Type Secondary Buyout

Target

KALHYGE

Montrouge Cedex, France
KALHYGE is a provider of textile hygiene rental and maintenance solutions and e-commerce & online shopping & multiple services. KALHYGE is based in Ivry-sur-Seine, France.

Search 214,356 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Vermeer Capital

Paris, France

Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 75M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Vermeer Capital Partners is a private equity firm specializing in growth and turnaround situations throughout the France. The Firm targets to invest €3 - €30 million equity per transaction in companies with revenues of €25 - €500 million. It seeks to hold majority or minority equity position in companies along with the existing management team. Vermeer Capital Partners was formed in 2005 is based in Paris.


DEAL STATS #
Overall 3 of 3
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
Country: France M&A 3 of 3
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-10 Amac Group

Paris, France

Amac Group operates open-air holiday resorts. Amac Group was founded in 2011 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-12 KALHYGE

Montrouge Cedex, France

KALHYGE is a provider of textile hygiene rental and maintenance solutions and e-commerce & online shopping & multiple services. KALHYGE is based in Ivry-sur-Seine, France.

Sell -

Seller(S) 2

SELLER

Sagard

Paris, France

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2001
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Sagard is a multi-strategy alternative investment manager that invests across a variety of asset classes. These include private equity, public equity, private credit, royalties, and venture capital. Prospective transactions typically include buyouts or growth capital financings, where Sagard will consider either majority or minority positions. Sagard was formed in 2001 and is based in Montreal, Quebec.


DEAL STATS #
Overall 10 of 27
Sector: Business Services M&A 3 of 5
Type: Secondary Buyout M&A Deals 5 of 18
Country: France M&A 10 of 24
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Eurodough SAS

Lievin, France

EuroDough is a manufacturer of ready-to-use dough sold in hypermarkets and supermarkets, and used to make pies, pizza, cakes and pastries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-04 Santiane Group

Paris, France

Santiane Group is an insurance firm specializing in health insurance brokerage for individuals and companies. Santiane Group was founded in 2006 and is based in Paris, France.

Buy -
SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 71 of 247
Sector: Business Services M&A 7 of 20
Type: Secondary Buyout M&A Deals 28 of 92
Country: France M&A 36 of 116
Year: 2013 M&A 11 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-30 Clip Industrie

Saint-Cannat, France

Clip Industrie is a supplier of ERP / GPAO software for small to midmarket manufacturers of industrial products in France. Nearly 2,000 companies and over 25,000 users leverage the Clip’s solutions every day to manage their operations. Helios ERP is designed from the ground up to meet the primary requirements of the aerospace industry. Clipper ERP was built for small and medium-sized companies across a broad range of manufacturing industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-17 Trescal

Rungis, France

Trescal provides a broad range of services for the test and measuring equipment market. Supplementing the standard technical services (verification, calibration and repair of T&M instruments), Trescal provides expertise in the implementation and acquisition of measurement systems, customized equipment pool management software solutions, metrology, technical support, and training. Trescal services customers in various sectors such as Defence, Aerospace, Aeronautics, Automotive, Power Generation & Utilities, Electronics Manufacturing, Communications and Medical & Chemistry. Trescal was founded in 2007 and is based in Rungis, France.

Buy €250M