London, 5th June 2014 – Funds advised by BC Partners (“BC Partners”), a leading European private equity firm, have reached an agreement to sell Spotless Group SAS (“Spotless” or the “Company”) to Henkel AG & Co. KGaA (“Henkel”) for an enterprise value of €940 million. Completion is subject to approval from European antitrust authorities.
Spotless holds leading market positions in selected home care categories in Europe, including laundry aids and insect control. The Company owns a portfolio of iconic brands such as Colour Catcher, Dylon, K2r and Vapona.
Since April 2010, Spotless’ management team, under the ownership of funds advised by BC Partners, has accelerated the transformation of the Company to build a leading European player, in particular via strategic acquisitions in insect control. BC Partners has also initiated an ambitious investment plan in the brands platform to support organic growth while increasing the strategic value of the Company.
Jean-Baptiste Wautier, Managing Partner at BC Partners, said: "This transaction acknowledges the achievement of the Company’s strategic goal consisting in building a European champion in laundry aids and insect control. Spotless is now entering a new phase of its development and has an exciting potential for future profitable growth within Henkel."”
BC Partners was advised by J.P. Morgan and Rothschild & Cie on this transaction.
BC Partners is a leading private equity firm with advised funds of €12.6 billion. Established in 1986, BC Partners has played an active role in developing the European buy-out market for 27 years. BC Partners executives operate as an integrated team through the firm’s offices in Europe and North America, acquiring and developing businesses to create value in partnership with management. Since inception, BC Partners has completed 85 investments in companies with a total enterprise value of €88 billion and is currently investing its ninth fund, which was raised in 2011 with total commitments of €6.7 billion.
Andrew Honnor / Charlotte Balbirnie / Matthieu Roussellier
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