This page shows SVG Capital’s 10 largest investments of the MBO portfolio, by value, as at 31 March 2013. The valuations of these companies have been presented in accordance with IFRS.
Following the decision by the Company to cap its commitment to Permira IV in December 2008, the valuations of all of the Permira IV investments made prior to 2009 include a provision against future distributions. Value attributable to follow-ons into Permira IV companies is not subject to this provision.
Hugo Boss operates in the fashion and luxury goods market. It is the global leader in the formal menswear fashion market with a presence of over 6,100 points of sale across 124 countries. The valuation basis is quoted.
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Arysta LifeScience is one of the world’s largest privately-held agrochemical businesses, specialising in crop protection including herbicides, insecticides and fungicides, as well as a number of products for the healthcare and veterinary medicine markets. Headquartered in Tokyo, the company markets a portfolio of more than 150 products in over 125 countries. The valuation basis is earnings.
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ProSiebenSat.1 Media AG (“P7S1”) is a leading European broadcasting group. The company owns Germany’s largest family of Free TV stations. Its long-term strategy is to invest in new growth markets to become a digital entertainment powerhouse. The valuation basis is quoted.
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The iglo Group is a branded European frozen food company that produces fish, vegetables and poultry, including a number of iconic products such as Fish Fingers, Schlemmer Filets and Sofficini. The Group operates under three brands: Birds Eye (UK and Ireland), iglo (Germany, Austria, Belgium, The Netherlands and other countries) and Findus (Italy). The valuation basis is earnings.
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Freescale is a global leader in embedded processing solutions for the automotive, consumer, industrial and networking markets. The company has a heritage of innovation and product leadership spanning more than 50 years and has an extensive intellectual property portfolio, including approximately 6,100 patent families, and serves more than 18,000 customers with leading products and solutions. The valuation basis is quoted.
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Legico seeks to invest in senior and subordinated LBO debt. Legico’s aim is to acquire high quality debt assets with attractive yields by investing in senior, mezzanine and PIK opportunities in both the primary and secondary markets. Legico is advised by the Permira Debt Managers team. The valuation basis is mark-to-market.
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Marazzi Group is a worldwide leader in the design, manufacturing and distribution of ceramic tiles. The company is a technological leader in the tiles sector and has a strong track record in design and innovation. Marazzi sells into 130 countries, with leadership in most of the markets in which it operates, and has manufacturing facilities in all of its key areas of activity (Europe, the US and Russia) as well as direct distribution in Russia and the US. The valuation basis is total cash plus market value of Mohawk shares received.
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Acromas is the holding company for The AA and Saga, two of the UK’s most iconic brand names. With 15 million members, The AA is the UK’s market leader in roadside assistance and is also one of the UK’s biggest names in insurance. Saga provides financial services to people aged over 50 in the UK as well as personal financial products. Saga also offers a broad range of holidays and other travel services to its customers and is the UK’s largest independent provider of domiciliary care services. The valuation basis is earnings.
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Sisal is the No.2 gaming operator in Italy. The company operates in all segments of the gaming market, including lotteries, betting, slot machines, videolotteries and bingo, and has a long history of innovation in the Italian gaming market. It relaunched the Italian lottery as SuperEnalotto, and operates it under an exclusive concession from the Italian State Treasury that will continue until 2018. The valuation is earnings.
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TDC is a provider of communications solutions in Denmark with over nine million revenue generating units. It also has a significant presence in other markets across the Nordic region. The company is the leading provider of telecommunications and pay-TV services in Denmark with a market-leading position in each of its major business segments: landline telephony, internet access, mobility services and pay-TV. The valuation basis is quoted.
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