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New Deal


Announced

CVC to buy minority of DKV Mobility Services.

Financials

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Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Transportation Services

Public

Friendly

Germany

transportation tolls solutions

commercial fuel cards

Acquisition

Minority

Single Bidder

Private Equity

Synopsis

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CVC Capital Partners said Nov. 16 that it agreed to buy a minority of DKV Mobility Services Group. Financial terms weren’t announced. DKV family shareholders, the sellers, will retain a majority of the company, owing 80 percent. DKV specialise in cards that are used by commercial drivers to pay for fuel, toll and other services in more than 40 European countries without having to carry cash. CVC will support the company in accelerating its successful growth strategy in close cooperation with the majority owners and management. Strategic priorities will include the further digitalisation of DKV’s business model and the extension of its service offering. Going forward, DKV will extensively benefit from CVC’s entrepreneurial expertise and large international network.

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