M&A Deal Summary

Quadriga Capital and Bregal Investments Acquire LR Health & Beauty Systems

On December 23, 2012, private equity firms Quadriga Capital and Bregal Investments acquired retailer LR Health & Beauty Systems from Apax for 250M EUR

Acquisition Highlights
  • This is Quadriga Capital’s 1st and Bregal Investments’ 1st transaction in the Retail sector.
  • This is Quadriga Capital’s 0th and Bregal Investments’ largest (disclosed) transaction.
  • This is Quadriga Capital’s 5th and Bregal Investments’ 2nd transaction in Germany.

M&A Deal Summary
Date 2012-12-23
Target LR Health & Beauty Systems
Sector Retail
Buyer(s) Quadriga Capital
Bregal Investments
Sellers(s) Apax
Deal Type Secondary Buyout
Deal Value 250M EUR

Target

LR Health & Beauty Systems

Ahlen, Germany
website
LR Health and Beauty Systems is an international direct sales company specialising in cosmetics and nutrition products. The company enjoys leading market positions in its core German market and in 27 countries internationally.

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Buyer(S) 2

Buyer

Quadriga Capital

website

Category Private Equity Firm
Founded 1995
Size Small
Type Sector Agnostic
DESCRIPTION

Quadriga Capital is an investment firm focused on mid-market growth companies in Germany, Austria, and Switzerland. The Firm looks to invest between €20 to €150 million for companies generating sales of €50 to €300 million. Quadriga Capital will consider a variety of transaction situations, including management buyouts and growth financings. Sectors of interest include healthcare, services and software, smart industries, consumer and e-commerce. Quadriga Capital was formed in 1995 and is based in Frankfurt.

DEAL STATS #
Overall 8 of 14
Sector (Retail) 1 of 1
Type (Secondary Buyout) 4 of 6
Country (Germany) 5 of 8
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 AMEOS

Zurich, Switzerland

AMEOS is a private hospital group group and operator. The Company operates 46 hospitals (general and psychiatric) in Germany and 2 hospitals in Austria. AMEOS was founded in 2002 and is based in Zurich, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-22 eterna Mode

Passau, Germany

eterna Mode GmbH is an european provider of non-iron men's & women's shirts.

Buy -
Buyer

Bregal Investments

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2002
PE ASSETS 7.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Bregal Investments LLP is a private equity firm focused on buyouts and growth capital financings of middle-market companies. Bregal Investments targets equity investments between €30 and €150 million in companies valued in excess of €75 million. Bregal is based in London.

DEAL STATS #
Overall 18 of 23
Sector (Retail) 1 of 1
Type (Secondary Buyout) 2 of 5
Country (Germany) 2 of 4
Year (2012) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-31 Mirror Controls International B.V.

Woerden, Netherlands

Mirror Controls International B.V. is a provider of motorised actuators for exterior automotive mirror systems. The company is a Tier 2 component specialist, supplying to the global mirror system suppliers from manufacturing operations in Ireland, Mexico and China.

Sell €180M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-12 proALPHA

Weilerbach, Germany

proALPHA is a software provider of integrative business solution providing best practice solutions and services for mid-cap trading and industry companies. proALPHA was founded in 1992 and is based in Weilerbach, Germany.

Buy -

Seller(S) 1

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1981
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from €1 to €5 billion. Apax Partners was formed in 1981 and is based in London.

DEAL STATS #
Overall 79 of 163
Sector (Retail) 4 of 9
Type (Secondary Buyout) 21 of 60
Country (Germany) 8 of 10
Year (2012) 9 of 9
Size (of disclosed) 36 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-16 Cole Haan

Scarborough, Maine, United States

Cole Haan is a designer and retailer of premium men's and women's footwear, apparel, and accessories. The company's brand represents craftsmanship, style, and innovation. It sells through department stores, 108 domestic Cole Haan stores, 68 international stores across Canada, China, and Japan, and its online site. Cole Haan was formed in 1928 and is based in Scarborough, Maine.

Buy $570M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-11 Apollo Hospitals

Chennai, India

Apollo Hospitals is a pre-eminent and largest owner, operator, and manager of hospitals and pharmacies in India and in Asia. Apollo Hospitals Enterprise was founded in 1979 and is based in Chennai, India.

Sell -
Mergr

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