M&A Deal Summary

Vision Capital Acquires BrightHouse

On June 27, 2007, private equity firm Vision Capital acquired consumer products company BrightHouse from Terra Firma Capital Partners for 170M GBP

Acquisition Highlights
  • This is Vision Capital’s 1st transaction in the Consumer Products sector.
  • This is Vision Capital’s 0th largest (disclosed) transaction.
  • This is Vision Capital’s 17th transaction in the United Kingdom.

M&A Deal Summary
Date 2007-06-27
Target BrightHouse
Sector Consumer Products
Buyer(s) Vision Capital
Sellers(s) Terra Firma Capital Partners
Deal Type Secondary Buyout
Deal Value 170M GBP

Target

BrightHouse

Watford, United Kingdom
website
BrightHouse Ltd. is a provider of consumer electronics, white goods, and furniture to customers with restricted access to traditional forms of credit, on a ‘rent to buy’ basis.

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Buyer(S) 1

Buyer

Vision Capital

London, United Kingdom

Investor Investor Investor

website

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 STATS #
Overall 22 of 40
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 3 of 11
Country (United Kingdom) 17 of 19
Year (2007) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-02 Roadchef

Cannock, United Kingdom

RoadChef is a roadside service area businesses operates motorway service areas in Britain. It operates catering and retail brand outlets, and restaurants, which provide meals, sandwiches, muffins, pastries, breakfasts, portions of fish and chips, and coffees. Roadchef was founded in 1973 and is based in Cannock, United Kingdom.

Sell £417M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-29 Smiths Flour Mills

Worksop, United Kingdom

Smiths Flour Mills Ltd. is an independent producer of various flour millers.

Sell -

Seller(S) 1

SELLER

Terra Firma Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1994
PE ASSETS 17.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Terra Firma Capital Partners is a private equity firm that primarily targets distressed 'asset rich' companies in need of management change or operational improvement. Terra Firma also invests in market leading businesses, or platform businesses capable of becoming market-leading businesses through add-on investments. Terra Firma generally looks to invest in businesses headquartered in Western Europe. Terra Firma was originally formed in 1994 and became an independent investment group in 2002. The Firm is based in London.

DEAL STATS #
Overall 9 of 23
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 3 of 7
Country (United Kingdom) 8 of 15
Year (2007) 2 of 3
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 Thresher

Welwyn Garden City, United Kingdom

Thresher is the UK's specialist off-licence (alcohol) retailer with approximately 2,000 stores selling wine, beer and spirits.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-07 Hyder Business Services

United Kingdom

HBS is a business-process outsourcing (BPO) and information technology company operating mainly in the public sector market.

Sell £46M
Mergr

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