M&A Deal Summary

Bridgepoint and Cornerstone Investment Management Acquire Smyk

On January 15, 2016, private equity firms Bridgepoint and Cornerstone Investment Management acquired consumer products company Smyk from Empik for 247M EUR

Acquisition Highlights
  • This is Bridgepoint’s 3rd and Cornerstone Investment Management’s 1st transaction in the Consumer Products sector.
  • This is Bridgepoint’s 31st and Cornerstone Investment Management’s largest (disclosed) transaction.
  • This is Bridgepoint’s 3rd and Cornerstone Investment Management’s 3rd transaction in Poland.

M&A Deal Summary

Date 2016-01-15
Target Smyk
Sector Consumer Products
Buyer(s) Bridgepoint
Cornerstone Investment Management
Sellers(s) Empik
Deal Type Secondary Buyout
Deal Value 247M EUR
Advisor(s) Travers Smith LLP (Legal)

Target

Smyk

Warsaw, Poland
website
Smyk is a Polish kids brand, offering toys, clothes and accessories for children available in over 250 shops in Poland, Romania, Ukraine and the Middle East and additionally Smyk’s own brand products are available in 14 European countries and Asia. Smyk is based in Warsaw, Poland.

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Buyer(S) 2

Buyer

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 28.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Bridgepoint is a large European private equity firm that invests in middle-market companies across a broad range of industries with an enterprise value of €200 - €1000 million. Prospective transaction situations include buyouts, buy-ins, growth financings, consolidations, and take privates. The firms invest in the range of €75 - €400 million transaction. Bridgepoint Development Capital specializes in investments in businesses valued up to a €150 million, taking equity stakes of between €10 million and €75 million. General sectors of interest include consumer products and services, retail, financial services, healthcare, media, technology, industrials, and business services. Bridgepoint was formed in 1984 and has offices in London, Frankfurt, Luxembourg, Madrid, Milan, Paris, Stockholm and Warsaw.


DEAL STATS #
Overall 110 of 160
Sector (Consumer Products) 3 of 3
Type (Secondary Buyout) 41 of 65
Country (Poland) 3 of 3
Year (2016) 2 of 9
Size (of disclosed) 31 of 57
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-07 Anaveo SAS

d'Or, France

Anaveo SAS manufactures digital video surveillance systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-11 Unifaun

Stockholm, Sweden

Unifaun is a provider of Transport Administration (“TA”) services in the Nordics, providing a SaaS platform connecting freight carriers and shippers of all sizes. Unifaun is based in Stockholm, Sweden.

Sell -
DESCRIPTION

Cornerstone Investment Management is a private equity firm focused on acquiring mid-sized companies in Poland and Eastern Europe. The Firm is a generalist investor and looks to back experienced management teams to grow and transform their businesses. Cornerstone Investment Management was formed in 2001 and is headquartered in Warsaw.


DEAL STATS #
Overall 3 of 8
Sector (Consumer Products) 1 of 2
Type (Secondary Buyout) 1 of 2
Country (Poland) 3 of 7
Year (2016) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Multimedia Polska

Gdynia, Poland

Multimedia Polska is a nationwide cable operator that offers a digital television with video on demand, broadband and mobile data and fixed-line and mobile voice in Poland. Multimedia Polska is based in Gdynia, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-10 ProService

Warsaw, Poland

ProService is a provider of technology services and solutions to mutual and pension funds, insurance companies, and banks. The Company offers a variety of services including transfer agent, asset valuation, fund distribution, asset management, corporate accounting, manage Services, and IT solutions. ProService is based in Warsaw, Poland.

Buy -

Seller(S) 1

SELLER

Empik

Warszawa, Poland

website


Category Company
Founded 1948
Sector E-Commerce
DESCRIPTION

Empik is an e-commerce distributor of media and entertainment products, clothing, shoes, toys, and accessories for children, cosmetics as well as language courses. Empik was formed in 1948 and is based in Warszawa, Poland.


DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Poland) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1