
Bridgepoint buys Privatesportshop in SBO
Bridgepoint has bought a majority stake in France-based sports equipment retailer Privatesportshop, while management retains a minority stake.
The GP used Bridgepoint Development Capital III for the transaction, which held a final close on £600m in 2016. The vehicle typically invests £20-75m in companies with enterprise values between £30-125m.
Founders of the business, Guillaume Bertel and Benoit Durand, as well as a previous owner – private equity house Pechel Industries – have retained a minority stake in the business.
Pechel had acquired a majority stake in the business in 2016.
Bridgepoint intends to accelerate the company's international growth.
Company
Founded in 2011 and based in Montpellier, Privatesportshop sells sports-related products and services via its online platform. The business manages websites for the French, Italian, Spanish and UK markets. Privatesportshop is aiming to generate revenues of €90m in 2018 and employs 180 people.
People
Privatesportshop – Guillaume Bertel, Benoit Durand (founders).
Pechel Industries – Laurent Gueroult (managing director).
Bridgepoint – Olivier Nemsguern (partner).
Advisers
Equity – KPMG, Mathieu Wallich-Petit, Benjamin Patte (financial due diligence), Louis-Marie Bévillard, Ines Michel-Leitao (IT due diligence); LEK Consulting, Rémy Ossmann, Fadi Chebli, Benjamin Tuchman (commercial due diligence); DLA Piper, Xavier Norlain, Guillaume Bain (legal); Fanny Combourieu, Gwenaël Kropfinger (tax); PwC (legal; ESG due diligence); Vulcain, Thierry Falque-Pierrotin, Michael Schor, Amaury Cavé (M&A).
Company – 8Advisory, Christophe Delas, Maxime Goerens (corporate finance); McDermott Will & Emery, Grégoire Andrieux, Diana Hund (legal); Lincoln International, Ludovic Rodié, Amélie Aurel, Thibault Usson, Matthieu Rosset (M&A).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater