M&A Deal Summary

LongRange Capital Acquires Batesville

On February 1, 2023, private equity firm LongRange Capital acquired consumer services company Batesville from Hillenbrand

Acquisition Highlights
  • This is LongRange Capital’s 1st transaction in the Consumer Services sector.
  • This is LongRange Capital’s 1st transaction in the United States.
  • This is LongRange Capital’s 1st transaction in Indiana.

M&A Deal Summary
Date 2023-02-01
Target Batesville
Sector Consumer Services
Buyer(s) LongRange Capital
Sellers(s) Hillenbrand
Deal Type Divestiture

Target

Batesville

Batesville, Indiana, United States
website
Batesville is a death care company that offers a comprehensive portfolio of burial and cremation products, memorialization options, and innovative technology solutions. For more than a century, it has supported licensed funeral professionals in helping families honor the lives of those they love. Batesville is based in Batesville, Indiana.

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Buyer(S) 1

Buyer

LongRange Capital

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2019
Size Small
Type Sector Agnostic
DESCRIPTION

Long Range Capital is a private equity firm focused on middle-market companies headquartered in Europe or North America. Sectors of interest include food service, consumer products, packaging, information services, and industrial technology. The Firm seeks to invest $50 to $400 million in companies with minimum revenue of $200 million. Prospective transaction situations include divestitures, family owned businesses, restructurings, joint ventures, and underperforming companies. Long Range Capital was founded in 2019 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Services) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Hillenbrand

Batesville, Indiana, United States

website

Category Company
Founded 1906
Sector Machinery
Employees10,500
Revenue 2.9B USD (2022)
DESCRIPTION

Hillenbrand is a diversified industrial company with multiple market-leading brands that serve a wide variety of industries across the globe. Hillenbrand's portfolio is composed of two business segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service highly engineered industrial equipment around the world. Batesville is a recognized leader in the North American death care industry. Hillenbrand was founded in 1906 and is based in Batesville, Indiana.

DEAL STATS #
Overall 5 of 5
Sector (Consumer Services) 1 of 1
Type (Divestiture) 5 of 5
State (Indiana) 2 of 2
Country (United States) 5 of 5
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-20 Linxis Group

Nantes, France

Linxis Group is a manufacturer of industrial equipment for the production of food, pharmaceutical, and cosmetic products. Linxis Group consists of six companies within their respective markets, designing, engineering, manufacturing, and installing equipment for food, cosmetics, and pharmaceutical production lines. Linxis Group was founded in 1988 and is based in Nantes, France.

Buy €572M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-24 Schenck Process Food and Performance Materials

Kansas City, Missouri, United States

Schenck Process Food and Performance Materials (FPM) specializes in the design, manufacturing, and service of feeding, filtration, baking, and material handling technologies and systems. Schenck Process Food and Performance Materials is based in Kansas City, Missouri.

Buy $7.3B
Mergr

Product

Company

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