3i Group, a world leader in private equity and venture capital, listed on the London Stock Exchange, invests € 1.3 billion a year in buyouts, growth capital and venture capital.
GGP is the leading European garden equipment company, famous for its product innovation. GGP’s four brands offer a comprehensive range of products, from ride-on tractors and walk-behind lawnmowers to hand-held trimmers and snow throwers. GGP achieved sales of € 546 million in the year to 31 August 2007.
ABN AMRO Capital is the private–equity arm of ABN AMRO Bank. It invests in mid-market buyouts and has € 2 billion under management.
Cross Border generated the transaction for 3i.
Despite the auction process, Cross Border provided unique support to 3i in setting up an attractive business plan, which helped in winning the auction in a very competitive contest.
Cross Border, due to its strong relationship with ABN AMRO Capital, also managed in a non-intrusive manner sensitive aspects of the negotiation.
Cross Border acted as non-exclusive advisor for 3i.