M&A Deal Summary

BPE Partners and Daikin Acquire Daikin Air Conditioning Egypt

On August 10, 2016, private equity firm BPE Partners and Daikin acquired distribution company Daikin Air Conditioning Egypt

Acquisition Highlights
  • This is BPE Partners’ 1st and Daikin’s 1st transaction in the Distribution sector.
  • This is BPE Partners’ 5th and Daikin’s 1st transaction in Egypt.

M&A Deal Summary
Date 2016-08-10
Target Daikin Air Conditioning Egypt
Sector Distribution
Buyer(s) BPE Partners
Daikin
Deal Type Joint Venture

Target

Daikin Air Conditioning Egypt

Cairo, Egypt
website
Daikin Air Conditioning Egypt is an exclusive distributor of Daikin’s products such as VRV systems, split/multi split units, air to water heat pump systems, heating systems, air purifiers, air cooled chillers and marine HVAC in Egypt. Daikin Air Conditioning Egypt was formed in 2016 and is based in Cairo, Egypt.

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Buyer(S) 2

Buyer

BPE Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2006
PE ASSETS 230M USD
Size Small
Type Sector Agnostic
DESCRIPTION

BPE Partners is a private equity firm focused on opportunities throughout Egypt. BPE is sector agnostic and takes a hands-on approach when working with portfolio companies. BPE Partners was established in 2006 and is headquartered in Cairo.

DEAL STATS #
Overall 5 of 10
Sector (Distribution) 1 of 1
Type (Joint Venture) 1 of 1
Country (Egypt) 5 of 9
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Cairo Kidney Center

Cairo, Egypt

Cairo Kidney Center specialized medical institution operating in the nephrology field and focusing on the diagnosis and treatment of kidney diseases. Cairo Kidney Center was founded in 1987 and is based in Cairo, Egypt.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-04 Basata

Cairo, Egypt

Basata providing smart payment solutions and services, relying on processing transactions in real time and communicating with bill providers and retailers. Consumers and banks within one electronic payment network. Basata is based in Cairo, Egypt.

Buy -
Buyer

Daikin

Osaka, Japan

website

Category Company
Founded 1924
Sector Manufacturing
Employees88,698
Revenue 3,109.1B JPY (2022)
DESCRIPTION

Daikin is a leading innovator and provider of advanced, high-quality air conditioning solutions for residential, commercial, and industrial applications. Daikin was founded in 1924 and is based in Osaka, Japan.

DEAL STATS #
Overall 5 of 10
Sector (Distribution) 1 of 2
Type (Joint Venture) 1 of 1
Country (Egypt) 1 of 1
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-28 Zanotti

Pegognaga, Italy

Zanotti S.p.A. is a designer, manufacturer and sale of commercial use refrigerator and freezer equipment and other related products devices.

Buy €98M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 AHT Cooling Systems

Rottenmann, Austria

AHT Cooling Systems GmbH is a developer of industrial refrigeration and deep-freezing technology with main areas of business being fridges and deep freezes for supermarkets, ice cream freezers and drinks cooling. AHT Cooling Systems was founded in 1998 and is based in Rottenmann, Austria.

Buy €881M
Mergr

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