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21 April 2016

Terra Firma wins award for Large-Cap Deal of the Year for Germany, Austria and Switzerland

Terra Firma is pleased to announce that the sale of Tank & Rast has been voted ‘Germany, Austria and Switzerland Large Cap Deal of the Year’ at the Private Equity Awards 2016.

The shortlist for the award was assembled following research carried out by European private equity publication Real Deals and Cass Business School, with support from Preqin dataCass Business School undertook further analysis and conducted in-depth interviews with each shortlisted candidate. Their findings were presented to a panel of leading GPs who voted for Tank & Rast as the stand out deal from a strong selection of candidates.

The judges said that Tank & Rast was chosen as it “was an outstanding deal where Terra Firma did absolutely everything right”.

This accolade follows two other awards for the deal this year, as Terra Firma was named ‘Firm of the Year in Germany’ by Private Equity International and Tank & Rast was voted ‘Global Infrastructure Deal of the Year’ by Infrastructure Investor.

Guy Hands, Chairman and Chief Investment Officer of Terra Firma, said, “I am very pleased that Tank & Rast has received further industry recognition. This was a fantastic deal, not only because it generated outstanding returns for our investors but because Terra Firma’s period of ownership was truly transformational for the business. Tank & Rast invested more than €500 million in improving and modernising its service stations, which has allowed it to provide a better offering and service to its millions of customers.”



The other candidates for the award were: Advent International - Douglas; BC Partners - Synlab; Hellman Friedman, Blackstone - Scout 24; One Equity Partners - Constantia; PAI Partners - Swissport; Summit Partners - 360T. Oakley Capital Private Equity was awarded ‘Germany, Austria and Switzerland Small to Mid-cap Deal of the Year’ for the sale of Verivox.

The judges of the award were: François Barbier, managing partner, 21 Partners; Andrew Burgess, managing director & partner, The Carlyle Group; François De Mitry, partner, Astorg Partners; Dr Andreas Fischer, partner, EQT; Andy Grey, senior partner, Graphite Capital; Manuel Hertweck, managing partner, capiton AG; Nic Humphries, managing partner, HgCapital; Karsten Langer, partner, The Riverside Company; Neil MacDougall, managing partner, Silverfleet Capital; Juan Luis Ramírez Belaustegui, founding partner, Portobello Capita;  Matteo Ricatti, partner, Clessidra sgr S.p.A.; Steve Tudge, managing partner, ECI Partners; John Singer, Executive Chairman of the New College of Humanities, Executive Chairman of the City of London Sinfonia and Trustee of the National Gallery.

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