M&A Deal Summary

Bain Capital Private Equity and PSP Investments Acquire Wittur

On December 23, 2014, private equity firm Bain Capital Private Equity and pension PSP Investments acquired distribution company Wittur from Capvis and Triton Partners

Acquisition Highlights
  • This is Bain Capital Private Equity’s 6th and PSP Investments’ 1st transaction in the Distribution sector.
  • This is Bain Capital Private Equity’s 1st and PSP Investments’ 1st transaction in Austria.

M&A Deal Summary
Date 2014-12-23
Target Wittur
Sector Distribution
Buyer(s) Bain Capital Private Equity
PSP Investments
Sellers(s) Capvis
Triton Partners
Deal Type Secondary Buyout

Target

Wittur

Scheibbs, Austria
website
Wittur is a distributor of components for the elevator industry. Core products include doors, safety components, and gearless drives, as well as cars, slings, counterweight frames, and hydraulic drives. Wittur was founded in 1968 and is based in Scheibbs, Austria.

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Buyer(S) 2

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.

DEAL STATS #
Overall 125 of 227
Sector (Distribution) 6 of 11
Type (Secondary Buyout) 22 of 63
Country (Austria) 1 of 1
Year (2014) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-05 TOMS

Culver City, California, United States

TOMS designs and sells lightweight shoes and other products worldwide. The company’s mission-driven business model is focused on helping and advancing health, education and economic opportunities for children and their communities around the world. TOMS was founded in 2006 and is based in Culver City, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 ChinaPnR

Shanghai, China

ChinaPnR is an infrastructure provider for China’s rapidly growing financial services market. ChinaPnR is based in Shanghai, China.

Buy -
Buyer

PSP Investments

Investor Investor Investor Investor Investor

website

Category Pension
Founded 1999
PE ASSETS 19.4B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

PSP Investments is a Canadian pension manager focused on a variety of investment strategies including public equities, real estate, private equity, infrastructure, private debt, and natural resources. The Firm's private equity group looks to back funds as well as make direct investments in partnership with managers. PSP will consider opportunities globally and will invest across a broad range of sectors, including financials, consumer, industrials, healthcare, technology, communications, and energy. PSP Investments is based in Ottawa.

DEAL STATS #
Overall 5 of 29
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 1 of 9
Country (Austria) 1 of 1
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-03 Kinetic Concepts

San Antonio, Texas, United States

Kinetic Concepts, Inc. is a developer and marketer of an innovative medical devices for advanced wound healing and therapeutic treatment systems that address skin breakdown, pulmonary complications, and circulation problems associated with patient immobility. KCI's medical devices and therapeutic systems include V.A.C.® Therapy Systems, as well as specialty beds, mattress replacement systems, wheelchair seating, and related devices. KCI serves hospitals, nursing homes, and home care settings both in the U.S. and abroad.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-06 SitusAMC

New York, New York, United States

SitusAMC is a provider of end-to-end strategic business solutions and integrated process and technology solutions for the financial services Industry, and also has offered customized services to leading financial institutions, investors, owners, and developers. SitusAMC was founded in 1985 and is based in New York City.

Buy -

Seller(S) 2

SELLER

Capvis

Baar, Switzerland

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1990
PE ASSETS 3.9B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Capvis Equity Partners is a Swiss-based private equity firm focused on buyout, succession, and expansion investments in Switzerland, China, and Germany. Sectors of interest include Healthcare, Industrial Technology, and Advanced Services & Software. Capvis will consider both majority and minority positions. The Firm's investment horizon is four to six years. Capvis Equity Partners was formed in 1990 and is headquartered in Baar with additional offices in Germany and China.

DEAL STATS #
Overall 27 of 34
Sector (Distribution) 2 of 2
Type (Secondary Buyout) 5 of 7
Country (Austria) 4 of 4
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-02 Faster

Rivolta d’Adda CR, Italy

Faster SpA is a designer and manufacturer of highly engineered mission-critical hydraulic couplings, serving the major global agriculture and construction equipment OEMs, both for their original equipment and aftermarket needs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-04 RENA Technologies

Gütenbach, Germany

RENA Technologies is a provider of production equipment for wet chemical surface treatment. RENA operates in the four segments of Solar/Green Energy, Health, Electronics/ Semiconductors, and Services. RENA Technologies was founded in 1993 and is based in Gutenbach, Germany.

Buy -
SELLER

Triton Partners

Frankfurt, Germany

Investor Investor

website

Category Private Equity Firm
Founded 1997
PE ASSETS 15.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Triton Partners is an investment firm focused on investing in medium-size companies headquartered in Western and Northern Europe. This includes businesses in Germany, Switzerland, Austria, Denmark, Finland, Norway, and Sweden. Triton generally pursues market leading companies with the potential for change, as well as growth opportunities through operational improvements. Sectors of interest include business services, consumer products, consumer services, healthcare, and industrials. Triton Partners was formed in 1997 and is based in Frankfurt, Germany.

DEAL STATS #
Overall 18 of 41
Sector (Distribution) 1 of 2
Type (Secondary Buyout) 5 of 10
Country (Austria) 1 of 1
Year (2014) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-31 Kelvion

Bochum, Germany

Kelvion is a manufacturer of industrial heat exchangers for different kinds of markets. Kelvion was founded in 2001 and is based in Bochum, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-29 DSV Miljø A/S

Roskilde, Denmark

DSV Miljø is a Nordic supplier of soil remediation, raw materials and recycling products and services. The company also provides related transport services

Sell -
Mergr

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