Deal Diary

Welcome to Acquisition International’s Deal Diary, the place where we showcase exciting deals from across the globe. With each diary entry, we’ll be taking a comprehensive look at the inner workings of the deal in question and will be venturing behind the scenes to take a look at the dedicated professionals involved in ensuring its success.

Here you will discover the most active deal makers and a comprehensive catalogue of the transactions they have been involved with.

Tier 1: The Website - Go live worldwide within 24 hours!

Within 24 hours of booking, we'll upload your deal and company profile - including contact details and links to your homepage - right here on our site, putting you and your firm in front of
40,000 visitors every month!

You will, of course, get a full company bio, including your contact details and fully clickable links direct to your website, and to make sure the people who matter will be able to find every deal you and your firm have been involved in at the click of a button, all of the deals posted on the Deal Diary site are incredibly easy to search by firm name, individual name, sector or region. We even have an automatically updated deal leaderboard (right). 

Tier 2: The Newsletter - Direct to 108,000 subscribers!

Your involvement in the deal will be featured on our weekly Deal Round-Up newsletter,  published via email every Thursday to a global audience of  108,000. Your deal write-up will also include hyperlinked images and logos, taking readers straight to your homepage. That’s a potential 108,000 clicks every month!

Tier 3: The Publication - Sent to 108,000 people in 170 countries!

The deal and your involvement will appear in the Deal Diary section of our monthly magazine, distributed to 108,000 people in 170 countries around the world. This is where you can tell us all about the deal and how you made it happen, providing the perfect opportunity to shout about your firm’s experience, expertise and the great work you’ve been doing.

GO

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Veritas Legal Advises Evonik Industries Acquisition of Monarch Catalyst
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Travers Smith Advise Clayton, Dubilier & Rice's Acquisition of Motor Fuel Group
June 17, 2015

Travers Smith Advise Clayton, Dubilier & Rice's Acquisition of Motor Fuel Group

View Biography
Travers Smith

Clayton, Dubilier & Rice, LLC ("CD&R") and Patron Capital Partners ("Patron") today announce that funds managed by CD&R will be partnering with the management of Motor Fuel Group ("MFG" or the "Company") to acquire the Company from Patron in a transaction valued at approximately £500 million. The transaction is expected to close in July, subject to customary regulatory approvals.

MFG, acquired by Patron in 2011, is the number two independent petrol and convenience retailer in the UK. Through a series of strategic acquisitions, Patron and MFG management have grown the Company from 48 sites in 2011 to a current total of 373 sites, in addition to operating a dealer network of more than 200 sites. These locations operate under the BP, Shell, Texaco and Jet brands and have retail partnerships with Costcutter and Costa Coffee.  The Company generated over £1bn of pro forma sales in 2014, and was this year ranked ninth in the Sunday Times Profit Track 100 list, which ranks private companies by profit growth.

Stephen Green, Senior Partner at Patron, commented: "We have been delighted with our investment in MFG. Together with the management team and Alasdair Locke, we have succeeded in taking a complex property-backed business, driving operational efficiencies and rapidly transforming the Company into a stable, profitable operating platform with potential for future growth. The success of MFG – one of our largest investments to date and a highly profitable one – highlights the strength of our strategy of investing opportunistically in property-backed investments across Western Europe."

"MFG is a well-positioned, growing and cash-generative business in a stable industry with an improving competitive environment that favours independent operators," said CD&R Partner David Novak. "Alasdair Locke and the strong MFG management team have created a valuable portfolio of petrol and convenience retail outlets which we intend to further enhance and expand."

Alasdair Locke, Chairman of MFG, commented: "We thank the Patron team for helping us become one of the largest, most dynamic and profitable independent petrol and convenience retail operators in the UK, and we are delighted to be partnering with CD&R. The firm's reputation for operational excellence and deep consumer and retail experience will be especially useful as we move the business forward to the next stage of profitable growth."

Marco Herbst, a Partner at CD&R, commented: "We look forward to building on MFG management team's success and continuing to accelerate the company's  transformation into a best-in-class petrol and convenience retailer."

Alasdair Locke will remain Chairman of MFG. Sir Terry Leahy, a Senior Advisor to CD&R's Funds, former chief executive of Tesco and current Chairman of B&M European Value Retail, will join the board as well.

CD&R was advised by Clifford Chance, Debevoise & Plimpton LLP, Ernst & Young and OC&C.

Patron was advised by Travers Smith and MFG was advised by Pinsent Masons.

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