Overview
Carlyle Europe Partners (CEP) invests in companies with enterprise values typically in excess of €200m and operations based in Europe, and where relationships with management teams, corporate partners or family-owned businesses are based on seeking a financial partner to create value and grow the business. These investments may include leveraged buyouts and other types of private equity transactions, including strategic joint ventures with corporate partners.
Launched in 1998 at €1 billion, this fund conducts leveraged buyout transactions in Europe in targeted industries.
| Investment | Industry | Invested | Status | |
|---|---|---|---|---|
|
Andritz AG During the period of Carlyle's ownership, Andritz AG was an established manufacturer of machinery and equipment for the pulp and paper industry, the steel industry and water treatment industries. |
Industrial | Exited | |
|
Aprovia During the period of Carlyle's ownership, Aprovia was a business publisher in the French language market, as well as in the French tradeshow industry. |
Telecom & Media | Exited | |
|
Beru AG During the period of Carlyle's ownership, Beru AG was the world-market leader in cold-start products for diesel-powered engines. |
Transportation | Exited | |
|
Bredbandsbolaget AB During the period of Carlyle's ownership, Bredbandsbolaget AB was a broadband communications company. The company was sold to Telenor AB in July 2005. |
Telecom & Media | Exited | |
|
Casema BV During the period of Carlyle's ownership, Casema was one of the Netherlands' leading cable operators. |
Telecom & Media | Exited | |
|
Digiplex Management SARL During the period of Carlyle’s ownership, Digiplex Management Sarl was formed to be a pan-European communications infrastructure company that provided collocation facilities and services on a carrier-neutral basis. |
Infrastructure | Exited | |
|
Edscha AG During the period of Carlyle's ownership, Edscha was a manufacturer of door hinges, convertible roof systems and driver controls for the automotive industry. |
Transportation | Exited | |
|
Firth Rixson Limited During the period of Carlyle's ownership, Firth Rixson Limited was the leading integrated provider of highly engineered rings, forgings and specialty metal products to the aerospace sector and a range of industrial markets. |
Aerospace, Defense & Government Services | Exited | |
|
Groupe Genoyer During the period of Carlyle's ownership, Groupe Genoyer was a manufacturer of steel flanges and fittings for the process industries, particularly for the oil, gas and chemical industries. |
Industrial | Exited | |
|
Honsel International Technologies Holdings SARL During the period of Carlyle's ownership, Honsel International Technologies was the European market leader for automotive light metal parts. |
Transportation | Exited | |
|
Le Figaro During Carlyle's period of ownership, Le Figaro publishes the leading French national daily newspaper as well as the leading women’s magazine and the second most circulated news magazine. |
Telecom & Media | Exited | |
|
Materis During the period of Carlyle's ownership, Materis was a specialty building materials conglomerate. |
Industrial | Exited | |
|
Medimedia During the period of Carlyle's ownership, Medimedia was the fourth-largest global provider of healthcare educational materials and services. |
Telecom & Media | Exited | |
|
Messer Eutectic Castolin Group During the period of Carlyle's ownership, MEC Group had a global presence in the market for high-value-added maintenance and repair related welding consumable products and was the leading manufacturer of metal cutting machines and equipment. |
Industrial | Exited | |
|
Otor During the period of Carlyle's ownership, Otor SA was the second largest producer of corrugated board and the industry leader for production of recycled containerboard in France. |
Industrial | Exited | |
|
Riello SpA During the period of Carlyle's ownership, Riello SpA manufactured and marketed heating products, was the global leader in residential burner production and one of the world’s largest producers of wall-hung boilers. |
Industrial | Exited |
Launched in 2003, this fund of €1.8 billion conducts leveraged buyout transactions in Europe in targeted industries.
| Investment | Industry | Invested | Status | |
|---|---|---|---|---|
| Altice S.A. Altice S.A., through its subsidiaries, operates as a cable and telecommunications company. It operates through Cable, Mobile, and Other segments. |
Telecom & Media | Exited | ||
|
Applus Services, S.A. Applus Services, S.A. is a leading global certification company specializing in testing, inspection, certification and technological services. |
Technology & Business Services | Exited | |
|
Avio SpA During the period of Carlyle's ownership, Avio SpA was a leader in the design, development and production of subsystems and components for military and civil aeroengines, aeroengine derivatives for power generation and marine applications, and propulsion systems for space launch vehicles and tactical missile applications. |
Aerospace, Defense & Government Services | Exited | |
|
AZ Electronic Materials S.A. AZ Electronic Materials is a leading global supplier of electronic materials to the semiconductor and flat panel display industries. |
Industrial | Exited | |
|
Britax Childcare Holdings Limited During the period of Carlyle's ownership, Britax Childcare Holdings Limited was a global manufacturer of premium branded children's car safety seats and a recognized technological, safety and quality leader. |
Consumer & Retail | Exited | |
|
Com Hem Com Hem, the largest cable television operator in Sweden, provides analog and digital television, broadband Internet and telephony services to landlords and residential customers. |
Telecom & Media | Exited | |
|
H.C. Starck GmbH H.C. Starck GmbH is a world leading provider of specialty metals, advanced ceramics and electronic chemicals. |
Industrial | Current | |
|
Hertz Corporation Hertz is the largest worldwide airport general use car rental brand operating from more than 8,500 locations in approximately 145 countries worldwide. |
Transportation | Exited | |
|
HT Troplast During the period of Carlyle's ownership, HT Troplast was a diversified plastics manufacturer, supplying the construction, automotive and insulation industries. |
Industrial | Exited | |
|
IMO Car Wash Group During the period of Carlyle's ownership, IMO Car Wash Group was the world's largest car wash company, washing over 30 million cars each year across 14 countries. |
Consumer & Retail | Exited | |
|
Nielsen Company, The The Nielsen Company (formerly VNU Group, B.V.) is a leading global information and media company providing essential marketing information analytics and industry expertise to customers around the world. |
Telecom & Media | Exited | |
|
NXP Semiconductor N.V. NXP Semiconductor N.V. is a global leader in the design of embedded semiconductors for wireless, networking, automotive, consumer and industrial markets. |
Technology & Business Services | Exited | |
|
Saprogal, S.A. During the period of Carlyle's ownership, Saprogal, S.A. was a leading manufacturer and supplier of animal nutrition products in Spain and Portugal. |
Industrial | Exited | |
|
Stahl Holdings BV During the period of Carlyle's ownership, Stahl Holdings BV was a leading surface effects specialist, providing a broad range of formulated products and services in both leather chemicals and non-leather high performance coatings. |
Industrial | Exited | |
|
Terreal During the period of Carlyle's ownership, Terreal was a leading player in the South European clay roof tile and brick markets. It addressed two markets, the clay roof tile market and the structural and facing brick market. |
Industrial | Exited | |
|
Zodiac Pool Solutions SAS Zodiac Marine & Pool is renowned worldwide for its unique expertise in the marine and pool businesses, serving the consumer and professional markets. |
Consumer & Retail | Exited |
Launched in 2006 at €5.4 billion, this fund conducts leveraged buyout transactions in Europe in targeted industries.
| Investment | Industry | Invested | Status | |
|---|---|---|---|---|
|
Addison Lee Group Market leading private hire vehicle provider |
Transportation | Current | |
| Altice S.A. Altice S.A., through its subsidiaries, operates as a cable and telecommunications company. It operates through Cable, Mobile, and Other segments. |
Telecom & Media | Exited | ||
|
|
Applus Services, S.A. Applus Services, S.A. is a leading global certification company specializing in testing, inspection, certification and technological services. |
Technology & Business Services | Exited | |
|
Axalta Coating Systems Axalta Coating Systems develops, manufactures and sells coatings and application tools to automobile repair body shops and original equipment manufacturers in the automotive and heavy-duty truck markets. |
Industrial | Exited | |
|
B&B Hotels B&B Hotels is a budget hotel chain operating hotels in France, Germany and Italy. |
Consumer & Retail | Exited | |
|
CommScope, Inc. CommScope, Inc. is a global leader in infrastructure solutions for communications networks. |
Technology & Business Services | Exited | |
|
HGH Infrared Systems Provider of panoramic infrared camera systems and image processing software for surveillance applications, and equipment for test & measurement in electro-optics.
|
Technology & Business Services | Current | |
|
Marelli Motori Group Marelli Motori is recognized as a leading supplier to the Power Generation, Industrial, Petrochemical and Marine market sectors, offering a complete range of Generators and Electric Motors in low and high voltage. |
Industrial | Current | |
|
Moncler S.p.A. Moncler S.p.A. is the manufacturer of high-end sportswear products under the brands Moncler, Henry Cotton, Marina Yachting and Coast, Weber & Ahaus (CWA) and licensee of the second-line brand Cerruti. |
Consumer & Retail | Exited | |
|
Multi Packaging Solutions, Inc. MPS is a leading supplier of value-added paper-based packaging products and services to the pharmaceutical and healthcare, personal care, premium spirits, confectionery and other consumer markets. |
Industrial | Exited | |
|
mydentist Provides National Health Service (NHS) dentistry services in United Kingdom. It operates and delivers NHS services through dental practices. |
Healthcare | Current | |
|
Neochimiki S.A. During the period of Carlyle's ownership, Neochimiki S.A. Industrial and Commercial Company was focused both on the distribution of chemical raw materials and the production and distribution of fertilizers and raw materials for the coatings industry. |
Industrial | Exited | |
|
RAC Ltd RAC Ltd. is the second largest UK roadside assistance provider with over 7 million members. The Company provides motor-related services to both consumers and corporate clients. RAC’s vehicle and breakdown services are offered through a nationwide, branded patrol force, focusing primarily on vehicle repair and recovery. The Company also provides motor insurance brokering services, legal and motor claims services. |
Consumer & Retail | Exited | |
|
Sagemcom A global high-technology group specializing in broadband communications and energy activities. |
Technology & Business Services | Exited | |
|
Sermeta Sermeta is a global manufacturer of stainless steel heat exchangers for condensing boilers in commercial and residential premises across Europe and North America. |
Industrial | Exited | |
|
Talaris Talaris is a leading global provider of cash handling technology solutions. Talaris is primarily focused on the niche teller automation market, in which it is the global market leader. |
Technology & Business Services | Exited | |
|
Telecable de Asturias S.A.U. A Spanish-based TV, telephony, broadband and advanced business solutions provider for the Asturias region in Spain. |
Telecom & Media | Exited | |
|
The Nature's Bounty Co. The Nature's Bounty Co. is a global manufacturer, marketer and distributor of a broad line of high-quality, value-priced nutritional supplements. |
Consumer & Retail | Current | |
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Twin Set Emerging Italian womenswear brand active in the accessible luxury market segment. |
Consumer & Retail | Current | |
|
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Zodiac Pool Solutions SAS Zodiac Marine & Pool is renowned worldwide for its unique expertise in the marine and pool businesses, serving the consumer and professional markets. |
Consumer & Retail | Exited |
Launched in 2014 at €3.752bn, this fund conducts leveraged buyout transactions in Europe in targeted industries.
| Investment | Industry | Invested | Status | |
|---|---|---|---|---|
|
ADB Safegate ADB SAFEGATE is a leader in integrated airfield guidance solutions for aircraft when on the ground at airports. |
Aerospace, Defense & Government Services | Current | |
|
Atotech BV Atotech is a leading supplier of chemicals and equipment for electroplating printed circuit board, metals, and plastics that go into the integrated circuit board, electronics and automotive end markets. |
Industrial | Current | |
|
Codorníu Raventós Largest manufacturer of high-end cava (sparkling wine) and premium wines in Spain
|
Consumer & Retail | Current | |
|
Comdata Comdata S.p.A. provides contact center, help desk, back office, and document management outsourcing services. |
Technology & Business Services | Current | |
|
CUPA Group CUPA Group is the largest global producer of roofing slate. The company also owns the second largest distributor of roofing materials in the UK and is present in the distribution of natural stone products in France and Spain. |
Industrial | Current | |
|
Design Holding Global high-end interior design group with a European heritage. |
Consumer & Retail | Current | |
|
European Camping Group European Camping Group is a pan-European high end outdoor accommodation and holiday group. |
Consumer & Retail | Current | |
|
Golden Goose Deluxe Brand Golden Goose Deluxe Brand is an Italian luxury footwear and apparel fashion company. |
Consumer & Retail | Current | |
|
Hunkemöller Hunkemoller B.V. operates a chain of retail lingerie shops. |
Consumer & Retail | Current | |
|
InnoVista InnoVista engages in the design, manufacture, and sale of sensing, control and motion products. |
Industrial | Current | |
|
Irca Established in 1919 and headquartered in Gallarate (Lombardy region), Irca S.p.A. is a leading European B2B manufacturer of ingredients and base food products for sweet and salty pastry-making, baking and ice-cream retailing. |
Consumer & Retail | Current | |
|
Logoplaste Logoplaste is a global value added service provider and producer of rigid plastic containers for the food and beverage, cosmetics, personal care and household industries. |
Industrial | Current | |
|
Nouryon Leading global specialty chemicals business |
Industrial | Current | |
|
PA Consulting PA Consulting is a UK headquartered global innovation and transformation consulting firm offering a broad range of services but with a particular strength in business transformation, IT transformation and innovation. PA has over 2,600 specialists in consumer, defense and security, energy and utilities, financial services, government, healthcare, life sciences, manufacturing, and transport, travel and logistics. The firm operates from offices across the Americas, Europe, the Nordics and the Gulf. |
Technology & Business Services | Current | |
|
Palacios Palacios is a Spanish-based food company focused on the chilled, frozen food and ready-to-eat meals market. Founded in 1983, the company produces pizzas, U-shape chorizo, frozen desserts, tortillas and other ready-to-eat meals. |
Consumer & Retail | Current | |
|
Praesidiad Praesidiad is the leading perimeter security systems and security services provider, based in Belgium, with a global production, distribution and customer network.. |
Technology & Business Services | Current | |
|
Saverglass Saverglass sas manufactures and decorates high-end and luxury glass bottles. |
Consumer & Retail | Current | |
|
Sematic Semantic is a global elevator component manufacturer, recognized as technological leader and premium partner for elevator OEMs. |
Industrial | Exited | |
|
The Innovation Group Innovation Group plc provides business process services, and software solutions to the insurance, fleet, automotive, and property industries. |
Technology & Business Services | Exited |
Investment Approach
Utilizing the conservative and disciplined approach common to all of the firm's funds, Carlyle's European buyout team seeks to create partnerships with corporations and large family-owned businesses. In both instances Carlyle aims to help these organizations reposition and expand their businesses in order to attain a leadership position in European or global markets. It has built a strong, locally recruited investment team spanning a wide range of previous experience within industry, management consultancy, banking, and audit. These investment professionals, who are based in Barcelona, London, Milan, Munich and Paris, understand the local business operating environment and cultural issues clearly.
Investment Strategy
- Partner with Companies: The team takes a partnership approach to deals with large industrial and services groups that seek to spin-off or accelerate the development of specific subsidiaries.
- Specialize by Industry: Carlyle pursues transactions where we have an edge in terms of sector experience. We focus on making investments in the following industries: automotive components, media and publishing, telecommunications, manufacturing, aerospace, building products, defense and chemicals.
- Provide Global and Local Experience: Carlyle combines strong local presence and understanding of local business issues with a global platform, and in particular with global industry teams for automotive, telecommunications, technology, media, and aerospace.
- Partner with Families: In Europe, Carlyle has developed unparalleled expertise in applying management acumen and strategic experience to solve problems specific to ambitious family-owned businesses seeking to strengthen or grow operations. Frequently this includes resolving divergent views on business strategy, liquidity, succession and capital structure.
- Substantial Financial Support: Carlyle nurtures a well-developed network of banking partners able to mobilize quickly in order to provide complex financing for major investments. The team makes investments in transactions with an overall value of between €300 million and €5 billion.
- Add Value to Portfolio Companies: Carlyle actively supports portfolio companies post-investment to aid development including direct support for follow on investments.
Team
| Team Member | Title | Location | Industry |
|---|---|---|---|
| Gregor P. Boehm | Managing Director | London, UK | Generalist |
| Oliver C. Butler | Associate Director | London, UK | Generalist |
| Massimiliano Caraffa | Managing Director | Milan, Italy | Consumer & Retail |
| Veronique Cochais-Widmer | Director | Paris, France | Telecom & Media |
| Marco De Benedetti | Managing Director | Milan, Italy | Consumer & Retail |
| Benjamin Deshayes | Managing Director | Paris, France | |
| Friedel Drees | Director | Munich, Germany | Generalist |
| Florian D. Kreuzer | Director | London, UK | Generalist |
| Francesco Malvezzi | Director | Milan, Italy | Consumer & Retail |
| David Mazaira | Director | Barcelona, Spain | |
| Shaun Mercer | Managing Director | London, UK | Generalist |
| Philipp Meyer | Director | Munich, Germany | Generalist |
| Mario Pardo | Managing Director | Barcelona, Spain | Generalist |
| Filippo Penatti | Managing Director | Milan, Italy | Generalist |
| Simon Pex | Associate Director | Munich, Germany | |
| Thomas Rajzbaum | Director | Paris, France | |
| Carlos Robles | Director | Barcelona, Spain | |
| Fraser S. Robson | Managing Director | London, UK | Generalist |
| Michael C. Schuster | Director | Munich, Germany | |
| Chris Scott | Managing Director | London, UK | |
| Laurent Senard | Director | Paris, France | |
| Alex Wagenberg | Managing Director | London, UK | Generalist |
| Willi Westenberger | Associate Director | Munich, Germany | |
| Jonathan Zafrani | Managing Director | Paris, France | Generalist |
Case Study
| Company | Industry | Acquired | Status | |
|---|---|---|---|---|
|
|
B&B Hotels | Consumer & Retail |
Brest, France |
Exited |
|
|
CommScope, Inc. | Technology & Business Services |
Hickory , NC U.S. |
Exited |
|
|
RAC Ltd | Consumer & Retail |
Birmingham, U.K. |
Exited |
|
|
Axalta Coating Systems | Industrial |
Philadelphia, PA, USA |
Exited |
|
|
Multi Packaging Solutions, Inc. | Industrial |
Nottingham, UK |
Exited |