M&A Deal Summary

Zipcar Acquires Streetcar

On April 21, 2010, Zipcar acquired consumer services company Streetcar from Smedvig Capital for 32M USD

Acquisition Highlights
  • This is Zipcar’s 1st transaction in the Consumer Services sector.
  • This is Zipcar’s largest (disclosed) transaction.
  • This is Zipcar’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2010-04-21
Target Streetcar
Sector Consumer Services
Buyer(s) Zipcar
Sellers(s) Smedvig Capital
Deal Type Add-on Acquisition
Deal Value 32M USD

Target

Streetcar

London, United Kingdom
website
Streetcar is the UK market leader in the rapidly growing car club sector; it provides a highly flexible, convenient and cost effective alternative to car ownership.

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Buyer(S) 1

Buyer

Zipcar

Cambridge, Massachusetts, United States

website

Category Company
Founded 2000
Sector Automotive
Employees496
Revenue 215M USD (2013)
DESCRIPTION

Zipcar, Inc. is a car sharing nad car club service network. It operates membership-based businesses in major metropolitan areas and college campuses in the United States, Canada and the United Kingdom.

DEAL STATS #
Overall 1 of 4
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 4
Country (United Kingdom) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-11 Denzel Mobility CarSharing

Vienna, Austria

Denzel Mobility CarSharing GmbH is a car sharing company, provides just under 200 vehicles on an hourly and kilometer based rate, with fixed pick-up and return locations.

Buy -

Seller(S) 1

SELLER

Smedvig Capital

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Venture Capital Firm
Founded 1996
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Smedvig Capital is a venture capital and business growth firm that typically targets investment opportunities in the UK. Smedvig seeks both direct buyout and growth capital investments and also makes investments in other third party private equity funds. Smedvig's direct investment practice targets equity investments of £3 to £10 million in businesses valued up to £30 million. Areas of interest include information management, financial services, consumer goods, retail, and support services. Smedvig Capital was formed in 1996 and is based in London.

DEAL STATS #
Overall 9 of 21
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 7 of 15
Country (United Kingdom) 7 of 16
Year (2010) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-21 Zipcar

Cambridge, Massachusetts, United States

Zipcar, Inc. is a car sharing nad car club service network. It operates membership-based businesses in major metropolitan areas and college campuses in the United States, Canada and the United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-01 PPC Creative

London, United Kingdom

PPC Creative Ltd. (Picture Production Co.) is an International creative Production agency which combines a dedicated award winning creative team with unparalleled production facilities. PPC Creative was founded in 1982 and is based in London, United Kingdom.

Buy -
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