M&A Deal Summary

Legrand Acquires Enovation

On April 23, 2024, Legrand acquired information technology company Enovation from Main Capital Partners

Acquisition Highlights
  • This is Legrand’s 2nd transaction in the Information Technology sector.
  • This is Legrand’s 2nd transaction in the Netherlands.

M&A Deal Summary
Date 2024-04-23
Target Enovation
Sector Information Technology
Buyer(s) Legrand
Sellers(s) Main Capital Partners
Deal Type Add-on Acquisition

Target

Enovation

Capelle aan den IJssel, Netherlands
website
Enovation provides healthcare software in the market for connected health and assisted living. Specializing in B-to-B, Enovation's offerings include software for remote monitoring of elderly and dependent persons using connected objects, sharing health information and data, and coordinating care between facilities, providers, and professionals. Enovation was founded in 1983 and is based in Capelle aan den IJssel, The Netherlands.

Search 193,103 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Legrand

Limoges, France

website

Category Company
Founded 1865
Sector Electrical Equipment
Employees38,000
Revenue 8.3B EUR (2022)
DESCRIPTION

Legrand manufactures products and systems for low-voltage electrical installations and data networks used in residential, commercial and industrial buildings. The company operates primarily in France, Italy, Rest of Europe, the United States, and Canada. Legrand was founded in 1865 and is based in Limoges, France.

DEAL STATS #
Overall 49 of 49
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 47 of 47
Country (Netherlands) 2 of 2
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-23 NetRack

Bangalore, India

NetRack provides server and network rack manufacturing. NetRack was founded in 2002 and is based in Bangalore, India.

Buy -

Seller(S) 1

SELLER

Main Capital Partners

The Hague, Netherlands

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Main Capital Partners is a Dutch private equity firm focused on software and digital media opportunities in the Benelux. Within software, the Firm looks for businesses with scalable business models, recurring revenues, and IP ownership. Within digital media, Main looks for companies with a B2B focus. Main Capital will consider later stage growth capital financings, as well as small to medium-sized buyouts. The Firm's investment range is €2 to €6.5 million. Main Capital Partners was formed in 2003 and is based in Den Haag.

DEAL STATS #
Overall 22 of 22
Sector (Information Technology) 4 of 4
Type (Add-on Acquisition) 15 of 15
Country (Netherlands) 18 of 18
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-03 Lux Scientiae

Boston, Massachusetts, United States

Lux Scientiae is a provider of HIPAA-compliant secure communications and secure hosting solutions. Lux Scientiae was founded in 1999 and is based in Boston, Massachusetts.

Buy -
Mergr

Product

Company

Legal