M&A Deal Summary

Lone Star Funds Acquires Eriks

On May 3, 2024, private equity firm Lone Star Funds acquired engineering company Eriks

Acquisition Highlights
  • This is Lone Star Funds’ 1st transaction in the Engineering sector.
  • This is Lone Star Funds’ 2nd transaction in the Netherlands.

M&A Deal Summary

Date 2024-05-03
Target Eriks
Sector Engineering
Buyer(s) Lone Star Funds
Deal Type Buyout (LBO, MBO, MBI)

Target

Eriks

Utrecht, Netherlands
website
ERIKS is a leading provider of a wide range of high-quality mechanical engineering components and associated technical and logistics services. Eriks was founded in 1940 and is based in Utrecht, The Netherlands.

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Buyer(S) 1

Buyer

Lone Star Funds

Dallas, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 85.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lone Star Funds is a global private investment firm focused on investing across several strategies. The Firm's primary investment activity surrounds financial services and real estate. Lone Star generally looks to acquire distressed debt and equity assets including corporate, commercial real estate, single family residential and consumer debt products as well as banks and asset rich operating companies. Lone Star was formed in 1995 and is based in Dallas, Texas with additional offices across Western Europe and Asia.


DEAL STATS #
Overall 26 of 26
Sector (Engineering) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 4
Country (Netherlands) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-20 CentroMotion

Waukesha, Wisconsin, United States

CentroMotion is a global company serving agriculture, specialty and commercial vehicle, construction, and other industrial end-markets with motion, actuation, and control solutions. EC&S primarily serves on and off-highway OEMs with highly engineered system-critical motion, actuation, and control solutions under brands that include CrossControl, Maximatecc, Elliott Manufacturing, Gits Manufacturing, Power-Packer, and Weasler Engineering. CentroMotion is based in Waukesha, Wisconsin.

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