M&A Deal Summary

Kartesia and Farallon Capital Management Acquire Desmet Ballestra

On April 22, 2022, lender Kartesia and asset manager Farallon Capital Management acquired engineering company Desmet Ballestra

Acquisition Highlights
  • This is Kartesia’s 1st and Farallon Capital Management’s 2nd transaction in the Engineering sector.
  • This is Kartesia’s 1st and Farallon Capital Management’s 1st transaction in Austria.

M&A Deal Summary

Date 2022-04-22
Target Desmet Ballestra
Sector Engineering
Buyer(s) Kartesia
Farallon Capital Management
Deal Type Secondary Buyout

Target

Desmet Ballestra

Graz, Austria
website
Desmet Ballestra is specialised in the fields of engineering and supply of plant and equipment for the edible oil industry, the detergent-surfactants and relating chemical industry, the oleochemical and biodiesel industry. The Group is the result of the merge in 2006 of 2 EP leaders in their respective fields: Desmet and Ballestra. Desmet Ballestra was founded in 1987 and is based in Graz, Austria.

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Buyer(S) 2

Buyer

Kartesia

Investor Investor Investor Investor Investor

website


Category Lender
Founded 2013
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Kartesia is a private investment group and lender that looks to invest in lower middle-market companies throughout the European Union and Central Europe. The Firm is industry agnostic and seeks to commit €10 to €100 million in profitable companies with at least €5 million of EBITDA. Proceeds are typically invested alongside sponsors to support buyouts, recapitalizations, shareholder liquidity needs, or restructurings. Kartesia was established in 2013 and is headquartered in London.


DEAL STATS #
Overall 24 of 30
Sector (Engineering) 1 of 1
Type (Secondary Buyout) 9 of 12
Country (Austria) 1 of 1
Year (2022) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Siat

Turate, Italy

Siat is a manufacturing company producing machines for packaging industry. With production site located in North of Italy it manufactures taping equipment (automatic and semiautomatic), stretch wrappers, strapping machines, flexographic machines and tape dispensers. Siat was founded in 1972 and is based in Turate, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 Access Partnership

London, United Kingdom

Access Partnership is a public policy firm that provides market access for technology. Access Partnership expertise in the areas of government relations and regulatory affairs means we are able to provide our clients with a range of solutions that create the commercial environment they need to flourish. Access Partnership Ltd. was founded in 1999 and is based in London, United Kingdom.

Buy -
Buyer

Farallon Capital Management

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1986
Size Large
Type Sector Agnostic
DESCRIPTION

Farallon Capital Management is a private investment firm that targets a variety of investment strategies throughout the world. The Firm pursues investments that include public and private debt and equity securities, direct investments in private companies, and real estate. Farallon is especially interested in investments that include a key event (such as a merger, restructuring, recapitalization or other major change) that has the potential for an appreciation of the value of a particular investment. Farallon's direct investment group makes debt, preferred stock or equity investments in businesses with substantial franchise value, healthy cash flow, and motivated management who have invested alongside the Firm. Farallon Capital Management was formed in 1986 and is based in San Francisco, California.


DEAL STATS #
Overall 10 of 10
Sector (Engineering) 2 of 2
Type (Secondary Buyout) 2 of 2
Country (Austria) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 GoTo

Jakarta, Indonesia

GoTo is an on-demand service provider that provides a variety of complete services starting from transportation, logistics, payment, food delivery, and other on-demand services, by connecting users to more than 1 million driver partners, more than 150.000 food vendors, and more than 30.000 other services. GoTo is based in Jakarta, Indonesia.

Sell -