Buy-and-build
The Bolt-Ons Digest - 26 May 2023
Unquote’s selection of the latest add-ons with H&F's TeamSystem, Nordic Capital's Regnology, 3'i's Dutch Bakery and more
Riverside acquires Dastex and Vita Verita
Sponsor plans to pursue a buy-and-build strategy for new European clean room contamination control group
Constructive approach: PEs turn to bolt-ons amid exits and debt crunch
Buy-and-build strategies to take centre stage for sponsors faced with longer holding periods and tough market for platform investments
Platform boot camp: Buy-and-build holds fast in healthcare sector
Healthcare M&A has held up well in 2022 versus 2021, offering hope in a challenging market
Advent International and Eurazeo acquire Datatrans
GPs plan to combine Datatrans with Planet to create a global integrated payments group
ArchiMed's MED II fund fully invested following Cube buyout
Cube is the last platform investment for the MED II fund, which closed in 2017
Oakley Capital acquires Primavera for Ekon merger
GP invests via Oakley Capital III fund, will combine the asset with existing portfolio company Ekon
BaltCap sells Ecoservice to PE-backed Eco Baltia
BaltCap's exit comes seven years after the GP acquired a 75% stake in Ecoservice for €16.4m
Corpfin sells Secna to EQT's Chr Hansen
Sale ends a six-year holding period for Corpfin, which bought a 51% stake in the company via its €255m fund IV
Bain sells Fedrigoni's security business to Epiris's Portals
Sale comprises Fedrigoni's facilities specialised in the production of security paper for banknotes and documents
Capza exits Ivnosys to PSG-backed Signaturit
Sale ends a two-year holding period for Capza, which acquired a 40% stake in the business via Capzanine 4 Flex Equity
Alto-backed CEI buys Lema
Combined group expects to reach revenues of €85m in 2021, with a 20% EBITDA margin
Clessidra's Botter bolts on Mondodelvino
Combined group expects to reach revenues of €350m in 2020 and further expand its market share
Abac sells Isolana to Blackstone's BME
Sale ends a two-year holding period for Abac, which acquired a stake in Isolana via its €320m fund Abac Solutions I
Activa sells Active Assurances to Silver Lake's Meilleurtaux
Sale ends a three-year holding period for Activa, which invested in Active Assurances alongside BPI France
Waterland sells Base Logistics to Ardian's Staci
With this add-on, Staci expects to build a logistics group with annual turnover of €450m and 2,500 staff
Magnum buys law school Isde
Deal is made via Digital Talent, established by Magnum to build an aggregation platform in the education sector
August Equity sells PCS to BC Partners' VetPartners
Sale ends a six-year holding period for August, which invested in the company via its £200m August Equity Partners III fund
Platinum-backed Cision buys Brandwatch for $450m
Brandwatch raised around $65m over three funding rounds from VCs including Partech and Nauta
RJD's Survey Solutions acquires Survey Systems, Kempston
Survey Solutions has made the acquisitions to augment its geographical coverage and service offering
DeA Capital-backed CDS buys Viki Plast
DeA Capital owns a 35% stake in CDS, which it acquired via its Idea Taste of Italy fund in April 2017
PSG's Mapal bolts on GetCompliant
With this add-on, Mapal expects to strengthen its existing software offering and expand its presence in the Nordic region
PE-backed Asmodee bolts-on Board Game Arena
Since being acquired by PAI Partners, company has completed seven add-on acquisitions
LDC-backed Onecom acquires BGF's Olive Communications
BGF invested £10m in Olive in 2016 in a deal that also raised £5.25m in debt provided by Barclays
Most read
