M&A Deal Summary

Villeroy & Boch Acquires Ideal Standard

On September 18, 2023, Villeroy & Boch acquired consumer products company Ideal Standard from Anchorage Capital Partners for 600M EUR

Acquisition Highlights
  • This is Villeroy & Boch’s 1st transaction in the Consumer Products sector.
  • This is Villeroy & Boch’s largest (disclosed) transaction.
  • This is Villeroy & Boch’s 1st transaction in Belgium.

M&A Deal Summary

Date 2023-09-18
Target Ideal Standard
Sector Consumer Products
Buyer(s) Villeroy & Boch
Sellers(s) Anchorage Capital Partners
Deal Type Add-on Acquisition
Deal Value 600M EUR
Advisor(s) Deutsche Bank Corporate & Investment Banking (Financial)
White & Case (Legal)

Target

Ideal Standard

Brussels, Belgium
Ideal Standard is an international manufacturer and marketer of kitchen and bath products. Ideal Standard was founded in 1901 and is based in Brussels, Belgium.

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Buyer(S) 1

Buyer

Villeroy & Boch

Mettlach, Germany

Category Company
Founded 1748
Sector Consumer Products
Employees12,516
Revenue 901M EUR (2023)
DESCRIPTION

Villeroy & Boch produces innovative and stylish products to enhance people's lives, provide continuous inspiration and open up new horizons for truly personalized interior design. Villeroy & Boch was founded in 1748 and is headquartered in Mettlach, Germany.


DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Belgium) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Anchorage Capital Partners

Sydney, Australia

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 810M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Anchorage Capital Partners is a specialized private equity firm that focuses on control investments in established businesses with a strong market position or brand which are not performing at their full potential, often as a result of capital constraints, lack of management attention or being a non-core ‘orphan’ in a large corporate. Target companies generally have at least A$100 million of revenue and are valued up to A$250 million. Anchorage will consider companies in a variety of sectors, however, the Firm avoids investing in technology, direct real estate or mineral exploration. The Firm will consider opportunities throughout Australia, New Zealand, and Southeast Asia. Anchorage Capital Partners was established in 2008 and is based in Sydney.


DEAL STATS #
Overall 15 of 15
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 7 of 7
Country (Belgium) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-23 Access

Wellington, New Zealand

Access provides in-home personal care and domestic assistance to a range of elderly, injured and disabled clients, as well as in-home nursing services. Access is based in Wellington, New Zealand.

Buy NZ$50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-31 ELF Group

Auckland, New Zealand

ELF Group consists of two business units – Speirs Finance, which offers asset finance and leasing solutions, and ABE, which provides heavy equipment sales, distribution, and maintenance. ELF Group is based in Auckland, New Zealand.

Buy -