Recapitalization • Metals/Mining

Vision Capital Acquires Invica Industries

On May 1, 2006, private equity firm Vision Capital acquired metals/mining company Invica Industries from ICG

Acquisition Context
  • This is Vision Capital’s 3rd transaction in the Metals/Mining sector.
  • This is Vision Capital’s 7th transaction in the United Kingdom.

Explore All 16 Recapitalization Metals/Mining Deals - Search the Database Free


M&A Deal Summary

Date May 1, 2006
Target Invica Industries
Sector Metals/Mining
Buyer(s) Vision Capital
Sellers(s) ICG
Deal Type Recapitalization

Target Company

Invica Industries

Sheffield, United Kingdom
Invica Industries is a manufacturer and distributor of smokeless solid fuels and coal briquettes. Manufacturing 21 different solid fuels, predominantly smokeless, Invica Industries is a coal merchant and wholesaler, selling to over 60,000 end users together with around 15 wholesalers, 400 merchants and 2,000 retailers. Invica Industries was founded in 1973 and is based in Sheffield, United Kingdom.
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Buyer Overview 1

Buyer

Vision Capital

London, United Kingdom

Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Vision Capital is a large private equity firm focused on control investments in companies located in Europe and the US. Vision targets equity and debt investments in profitable businesses valued from €50 million to €1 billion. Specific areas of interest include financial services, real estate, industrial, manufacturing, consumer and business services. Target transaction types include buyouts and corporate divestitures/spinoffs. In addition to its principal investment activity, Vision Capital's Principal Finance group provides financing to other investors or company owners to support growth initiatives, debt repayment, acquisitions, or investor liquidity. Vision Capital was formed in 1997 and is based in London.


Deal Context for Buyer #
Overall 10 of 40
Sector: Metals/Mining 3 of 3
Type: Recapitalization 1 of 1
Country: United Kingdom 7 of 19
Year: 2006 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-10 Cabot Financial

Kings Hill, West Malling, United Kingdom

Cabot Financial Ltd. is a provider of debt recovery services, helping people to resolve past credit difficulties.

Sell £275M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-01 Inutec

Dorchester, United Kingdom

Inutec Ltd. is a specialist of radioactive waste management company, offering customers a comprehensive solution that includes technical analysis, processing and packaging of low-level and intermediate-level waste.

Buy -

Seller Profile 1

SELLER

ICG

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 33.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


Deal Context for Seller #
Overall 63 of 225
Sector: Metals/Mining 1 of 1
Type: Recapitalization 2 of 3
Country: United Kingdom 24 of 58
Year: 2006 6 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-28 Cegelec SAS

Saint-Denis, France

Cegelec SAS history is closely linked to the development of the electricity and energy sectors in France and Europe.

Sell €3.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-10 Leisure Link

Glasgow, United Kingdom

Leisure Link Solutions was the leading amusement machine owner and manager.

Sell £190M