AURELIUS European Opportunities IV
AURELIUS European Opportunities IV was raised in 2021 to invest in UK and European midmarket companies with operational value creation and development potential. The Fund has secured EUR 380 million of total commitments from a diverse group of institutional investors, including US and European university endowments, pension funds, insurance companies, as well as family offices. As co-investor, AURELIUS Equity Opportunities SE & Co. KGaA has committed up to EUR 160 million. Accordingly, total commitments available to invest amount to EUR 540 million.
Strategy
AURELIUS European Opportunities IV targets corporate carve-outs, platform build-ups and complex buy-out situations with EUR 100 million revenues or greater. A core differentiator is the access to the team of 80+ in-house Operating Taskforce members of Aurelius Equity Opportunities SE & Co KGaA who support the portfolio companies in their operational development and future growth.
Investment Criteria
DEAL SIZE
We focus on businesses with revenues of at least EUR 100 million and with equity investment requirements of up to EUR 100 million
SITUATION
We seek control equity investment opportunities in businesses with development potential requiring financial and/or operational improvement
SECTORS
We invest in opportunities, rather than specific sectors, although we have proven capability in IT and Business Services, Industrials & Chemicals, Lifestyle & Consumer Goods
TRANSACTION TYPES
We specialise in investing in mid-market businesses, corporate carve-outs, platform build-ups and complex buy-outs
GEOGRAPHY
We seek businesses that are headquartered in the UK or Europe and with a sizeable part of their operations in Western Europe. Specifically, UK & Ireland, DACH (Germany, Austria, Switzerland), Benelux (Belgium, Netherlands, Luxemburg), Nordics (Denmark, Finland, Iceland, Norway, Sweden), Southern Europe (Spain, Northern Italy) and Central & Eastern Europe. Many of our previous investments also had operations in the Middle East, Africa, Asia and North America
MARKET
We will target businesses that operate in stable or growing markets or that have long-term prospects for growth
Portfolio
Advanced Power Solutions
Advanced Power Solutions (formerly Panasonic’s European Consumer Battery Business) is one of the leading producers in the European batteries market. The company’s key products include alkaline and zinc-carbon batteries, rechargeable Ni-MH batteries and specialty batteries. Advanced Power Solutions sells its products under the Panasonic and eneloop brands. It also makes products for private-label brands and original equipment manufacturers, which enables the company to maintain a continuously high level of capacity utilization. AURELIUS European Opportunities IV and AURELIUS Equity Opportunities SE & Co. KGaA as co-investor jointly acquired the business from Panasonic in 2021.
Enerveo
Enerveo (formely SSE Contracting) is one of the biggest Mechanical and Electrical (M&E) contractors in the UK and Ireland and operates a nationwide network. The company provides engineering, installation and maintenance services in the five specialties of M&E, Lighting, Rail, Electrical & Instrumentation and High Voltage for a diverse range of public and private sector clients. Enerveo is the largest street lighting contractor in the UK and maintains over one million streetlights in the UK and Ireland. AURELIUS European Opportunities IV and AURELIUS Equity Opportunities SE & Co. KGaA as co-investor jointly acquired Enerveo from SSE in 2021.
» Website
Minova
Headquartered in London, Minova Group is a global manufacturer of ground-control products to mining and infrastructure customers. The business has a heritage of over 140‐years of developing and delivering innovative ground support solutions. Minova is among the Top-3 in all relevant markets with 13 production sites and 18 sales offices across North America, Europe, South Africa, India, and Australia. The company has more than 1,000 employees. AURELIUS European Opportunities IV, S.C.A. SICAV-RAIF and AURELIUS Equity Opportunities SE & Co. KGaA as co-investor jointly acquired Minova from Orica in 2022.*
Ceramic Tile Distributors
Ceramic Tile Distributors is a UK-based specialist supplier of high-quality ceramic tiles operating 89 branches and 4 trading distribution hubs. The business sells tiles, tile adhesives, grout as well as associated tools and consumables for the preparation, laying, cutting and drilling of tiles. With over 50 years of experience, Ceramic Tile Distributors has a leading B2B market position in the industry. AURELIUS European Opportunities IV, S.C.A. SICAV-RAIF and AURELIUS Equity Opportunities SE & Co. KGaA as co-investor jointly acquired Ceramic Tile Distributors from Saint-Gobain in 2022. *
» Website
LloydsPharmacy / AAH
LloydsPharmacy is the parent company of a number of market leading healthcare businesses including John Bell & Croyden and AAH Pharmaceuticals. The business operates across four divisions: retail, digital, homecare and wholesale. LloydsPharmacy provides pharmaceutical prescriptions, over the counter medicines and other healthcare services through c.1,300 retail pharmacies and c.40 outpatient hospital sites. LloydsDirect is a digital pharmaceutical prescriptions and over the counter medicines pharmacy. LloydsPharmacy Clinical Homecare is a leading provider of health products and services from delivery of medication to specialist nursing in patients’ homes. AAH Pharmaceuticals is a major pharmaceutical wholesaler, distributing medicines and health products to NHS hospitals and pharmacies. The group has over 18,000 employees, including pharmacists, nurses, logistics operatives as well as store, warehouse and administration personnel. AURELIUS European Opportunities IV, S.C.A. SICAV-RAIF and AURELIUS Equity Opportunities SE & Co. KGaA as co-investor jointly acquired LloydsPharmacy from McKesson Corporation in 2022. *
» Website
dental bauer and Pluradent
AURELIUS European Opportunities IV, S.C.A. SICAV-RAIF and AURELIUS Equity Opportunities SE & Co. KGaA as co-investor jointly acquired, in a combined transaction, two leading dental depots in the DACH region – dental bauer and Pluradent. The newly combined group now ranks among the top dental depot suppliers in its region. The transaction took place in 2022.
dental bauer is one of the leading dental depots in the DACH region and the Netherlands. Founded in 1947, the family-run business offers consumable materials, capital equipment and devices, and technical and consulting services to dental practices and laboratories. dental bauer has been growing for many years through a lean and flexible organization, the establishment of new branches and locations, and through smaller and larger acquisitions within the industry.
Pluradent, headquartered in Offenbach am Main, is a well-known German dental distributor, supplying dental facilities with consumable materials, equipment and devices, and technical services. The group also operates subsidiaries in Austria and Poland and an own distribution center in Kassel, Germany. After the company had been facing financial distress during the COVID pandemic, insolvency proceedings were opened recently. *
Footasylum
Footasylum is an omni-channel retailer of fashion streetwear and sportswear with 63 stores across the UK. The company was founded in 2005 and is headquartered in Rochdale, UK. Footasylum comprises seven websites (group and own brand sites) and warehouse facilities. Today, the business sells a mix of footwear, apparel and accessories through stores, websites, and a wholesale channel. AURELIUS European Opportunities IV and AURELIUS Equity Opportunities SE & Co. KGaA as co-investor jointly acquired Footasylum from JD Sports in 2022.*
» Website*) This information is correct at the time of publication
Contact
Aurelius European Opportunities GP S.à r.l.
Fabian Steger
Managing Director
2-4, rue du Chateau d’Eau - L-3364 Leudelange
Luxembourg
T: +352 2021 10 78 70
E:
Aurelius Investment Advisory Limited
Tristan Nagler
Director
6th Floor, 33 Glasshouse Street, London W1B 5DG
United Kingdom
T: +44 (0)20 7440 0485
E: