MEngineering GmbH, Ravensburg, a leading German provider of specialized engineering services to the automotive industry, sold 100% of its shares to Alten GmbH, a subsidiary of French-listed Alten SA.
Controladora GMI, S.A.P.I. de C.V., the leading manufacturer and provider of modular construction solutions in Mexico and Latin America, received an investment from the Washington DC-based private equity firm ACON Investments.
The House of Fuerstenberg sold its subsidiary Holzindustrie Fürst zu Fürstenberg (wooden packaging business unit) to Industrial European Wood Products Holding GmbH, Düsseldorf. Holzindustrie Fürst zu Fürstenberg has been operating at its principal location in Southern Germany for some 100 years and evolved from its origins as a saw mill to an important manufacturer of wooden packaging for the automotive industry.
Mattout Carrelage, a distributor of floor tiles, was sold to Richardson, a family company focused on plumbing and heating installations with sales of EUR 500 million.
Friars 716 Ltd acquired SWP Group Plc in a privatization process. SWP Group designs, manufactures, and installs a range of industrial engineered products and systems. The newly established business is wholly owned by the management team.
MBO Partenaires and private investors sold their shares in Storm Elec Group, a company specializing in the design, manufacture, and B2B distribution of electrical boxes and automation solutions for both the swimming-pool and photovoltaic markets. Backed by MBO Partenaires since 2010, Storm Elec has pursued an innovative strategy in both technology and design to differentiate itself from competitors. The main client group is professional installers. The Group generates approximately EUR 10 million in revenues. Pascal Cazères, who took over the company in 2007, partnered with JFC Industrie and Charente Périgord Expansion to pursue the development of Storm Elec. The transaction was advised by Clairfield International in France.
Samiro Group S.p.A. and other minority shareholders sold the entire stake of Ravaglioli Group comprising Ravaglioli S.p.A., Butler, Sirio, and Space to the American group Dover Corporation (NYSE:DOV), a global company with a business unit that is active in the production of vehicle service equipment. Ravaglioli is an Italian group focused on the manufacturing of vehicle service equipment such as lifts, tire changers, aligners, wheel balancers, and diagnostic test lines. Ravaglioli will join Dover’s Vehicle Service Group, a business unit of the Engineered Systems segment. Advised by Clairfield International in Italy and US.
Tournus Equipement, a France-base manufacturer of stainless steel equipment for professional kitchens, acquired CED Fabrications, a UK-based commercial-catering equipment manufacturer. This acquisition will provide expansion opportunities to both the companies in the UK and other countries. The management teams of both companies will focus on working together to enhance the range of products available to their customers. The transaction was advised by Clairfield International France and UK.
Agrometer, a leading global manufacturer of high-quality slurry-handling equipment, was sold to Erhvervsinvest, an independent private equity firm based in Denmark. Agrometer was founded in 1977 and serves the agricultural, municipal, manufacturing, and marine industries. The sale was advised by Clairfield Denmark.
Tentamus acquired BLS Analytik GmbH & Co. KG, a German company specialized in testing services, analysis, and quality certification in the food, pharma and consumer sectors. Tentamus is a growing international testing and analytic group, and one of the leading quality and safety services groups of medium-sized laboratories in the life-sciences sector. The transaction is a part of buy-and-build strategy to expand the operations of the Tentamus group in the very attractive industrial service sector. The acquisition was advised by Clairfield Germany.
Since its foundation in 1984, Machines Pagès became a key player in manufacturing of high speed robotics systems for In Mould Labelling (IML) applications and automatic feeding systems mainly for the food industry. Machines Pagès group employs around 70 peoples on 3 sites in the east France. The group generates a turnover of more than 16 M€.
In order to carry on the transmission of the company, the French private equity fund Naxicap Partners, the founder (Daniel Pagès), the chairman (Philippe Olichon) sold 100% of Machines Pagès to new investors, Innovafonds, BNP Développement and CAFCI.
Philippe Olichon will assist the new management team for 1 or 2 years. Advised by Clairfield International in France.
Schneider Druckluft, a premium specialist for compressed air systems, was sold to Atlas Copco, a world-leading provider of sustainable productivity solutions. Schneider Druckluft, is based in Reutlingen near Stuttgart, Germany, and has about 110 employees. It also has offices in the Czech Republic and Slovakia. The company focuses mainly on piston compressors but offers a wide range of related products and services. It had revenues in 2015 of around EUR 27 million (SEK 250 million). Advised by Clairfield International in Germany.
Pikval, a manufacturer, seller, and installer of shop-fitting concepts to retail chain stores, was sold to NASDAQ OMX Stockholm-listed ITAB, the European market leader in checkout systems for retailers, and one of Europe’s largest suppliers of shop-fitting concepts and lighting systems. Pikval’s revenues in 2015 was EUR 17 million and the number of employees is approximately 100. The company’s main market is Finland. It also operates in Sweden and Norway through subsidiaries.
RoadSafe Traffic Systems, Inc., in partnership with management, was acquired by IX Capital Partners and Aperion Management. RoadSafe is the largest provider of traffic safety services and equipment for the transportation infrastructure, rail, and utility industries in the US. RoadSafe was majority owned by Falcon Investment Advisors and Aperion Management, middle-market private equity firms headquartered in Boston and New York, respectively. The transaction was advised by Clairfield US.
On the occasion of the retirement of the shareholding chairman, the major executives of ACM took a significant stake alongside two investment companies: Intuitis and BPI France. ACM, founded in 1948, is a major player in the manufacture of pressure vessels and heat exchangers for the chemical, oil, nuclear, and health industries. ACM group employs around 100 people at its two Lyon-area plants. The company generates revenues of over EUR 10 million. Advised by Clairfield International in France.
Bacaicoa is a manufacturer of flexible packing solutions based in Pamplona. Its products include films, and retractable and stretch hood for both industrial and consumer applications. The Bacaicoa family, whom Clairfield advised on a divestiture in 2003, refinanced its financial debt. Most of the debt was restructured into long-term debt thus freeing up working capital. Bacaicoa wanted to take better advantage of purchasing cycles in order to improve its long-term profitability. Clairfield helped the client identify the purchasing opportunities and advised on a more appropriate capital structure that would enable the company to implement them.
Accutronics Limited, a UK specialist in the design, development and manufacture of smart batteries for high-performance portable and handheld electronic devices, was sold to the Ultralife Corporation (NASDAQ:ULBI). Accutronics supplies primarily to European-based medical device OEM’s. Ultralife sells products ranging from portable power solutions to communications and electronics systems with operations in North America, Europe and Asia, supplying primarily the military and commercial markets.
Groupe RG, a leading French specialist in personal protective equipment (PPE), acquired the Italian A+A Monferrato. Groupe RG was founded in 1987 from the merger of French regional distributors Amiet, Fiprotec, Cévenole de Protection, and Gérin. Groupe RG has 450 employees and 27 agencies in Europe and North Africa, and a portfolio of 20,000 active customers. A+A Monferrato is one of the leading PPE distributors in Italy. In addition to standard PPE, the company offers fall protection and collective protection equipment.
FIAC S.p.A., an Italian manufacturer of piston compressors and related equipment, was sold by the Lucchi family to Atlas Copco, a world-leading provider of sustainable productivity solutions.
FIAC offers a broad range of piston compressors, air treatment products, and spare parts. Founded in 1977, FIAC has production sites in Italy, China, and Brazil, and sells into more than 110 countries.
Hawkins acquired Stauber Performance Ingredients from ICV Partners II, L.P. and its other shareholders in a cash-for-stock transaction. Stauber offers specialty products and ingredients to the nutritional, food, pharmaceutical, cosmetic and pet care industries with approximately 160 employees, and facilities in California and New York. Hawkins, Inc. distributes, blends and manufactures bulk and specialty chemicals for a wide variety of industries.
The Bertel O. Steen Group sold its wholly-owned subsidiary DSG Bagdrop AS to the Materna Group. DSG Bagdrop was founded in 2009 and is a provider of self-service bag drops to airports. DSG Bagdrop delivers complete bagdrop solutions, with cloud-based software applications and award-winning hardware products.
Windoware and Smart Home Products, Australia’s largest wholesalers of pre-packaged and custom-made window coverings, were sold to a consortium of private investors.
Trescal, an international specialist in calibration, completed the acquisition of a majority stake in MEC Q, a provider of calibration services in Brazil. With 17 accredited domains and 5 laboratories across major industrial regions (São Paulo, Rio de Janeiro, Minas Gerais, and Bahia), MEC Q is the leader of the Brazilian market with a strong presence in the automotive and oil & gas industries.
Weir Minerals France, specialized in the manufacture and marketing of pumps for solid-containing liquids, valves, and hydrocyclones, sold its production site and equipment located in Castres to COMECA, an industrial engineering company.
Systems 3, Inc., a key supply chain partner to leading original equipment manufacturers and tier I/tier II manufacturers in the aerospace and defense industry, was sold to Stevens Manufacturing, a portfolio company of J.H. Whitney & Co.
Halco Lightning Technologies, a leading manufacturer of lamps (light bulbs), fixtures and ballasts for the commercial and industrial, residential and specialty lighting markets, was successfully recapitalized by Summer Street Capital Partners. Halco’s management team are investors in the transaction and will continue to manage the day-to-day operations of the company in partnership with Summer Street.
Aeroworks International Holding B.V. was sold to HEICO Corporation. Aeroworks is a manufacturer of high-quality aircraft-interior components. The company produces metal and composite locks, retainers, video arms, door panels, composite seat pans and seatbacks. HEICO is a publicly-traded holding company (NYSE) focused on aerospace and electronic technologies businesses with total revenues of more than USD 1 billion.
Clairfield Finland and Poland advised the Helsinki-listed wiring systems and electronics company PKC Group Oyj in the acquisition of the wiring and controls business of the Warsaw-quoted Groclin S.A. Group. PKC Group focuses on the global commercial vehicle industry and is a preferred supplier in electrical distribution systems for the transportation industry globally. The deal includes the entire Wiring & Controls business of Groclin S.A. Group, which develops and manufactures electrical cabinets, powerpacks, and electrical distribution systems.
Clothing +, a wearable technology company, was sold to Jabil, the third-largest electronics manufacturing service supplier in the world with over 180,000 employees in 24 countries and revenues of USD 16 billion in 2014. Clothing+ develops and produces textile-integrated wearable biometric sensors for the wearable technology market. The company’s customers include Adidas, Garmin, Under Armour, Salomon, and Philips.
100% of Safil S.p.A and 80% of Gruppo Tessile Industriale, both Italian-based worsted yarn manufacturers, were sold to Südwolle Group, a leading global producer of worsted yarn for weaving, circular, and flat knitting in pure wool and wool blends. Safil is a renowned supplier of worsted yarns for the weaving and knitwear industries with approximately 700 employees and production facilities in Italy and Bulgaria. GTI, based in in Italy’s Biella province, develops, manufactures and commercializes worsted and woolen yarns for the weaving and knitwear industries.