M&A Deal Summary

OMERS Private Equity Acquires Trescal

On November 14, 2017, private equity firm OMERS Private Equity acquired test/measurement equipment company Trescal from Ardian for 670M EUR

Acquisition Highlights
  • This is OMERS Private Equity’s 1st transaction in the Test/Measurement Equipment sector.
  • This is OMERS Private Equity’s 7th largest (disclosed) transaction.
  • This is OMERS Private Equity’s 1st transaction in France.
Investment Fate
  • Trescal was sold to a consortium of financial buyers in 2022.

M&A Deal Summary
Date 2017-11-14
Target Trescal
Sector Test/Measurement Equipment
Buyer(s) OMERS Private Equity
Sellers(s) Ardian
Deal Type Secondary Buyout
Deal Value 670M EUR

Target

Trescal

Rungis, France
website
Trescal provides a broad range of services for the test and measuring equipment market. Supplementing the standard technical services (verification, calibration and repair of T&M instruments), Trescal provides expertise in the implementation and acquisition of measurement systems, customized equipment pool management software solutions, metrology, technical support, and training. Trescal services customers in various sectors such as Defence, Aerospace, Aeronautics, Automotive, Power Generation & Utilities, Electronics Manufacturing, Communications and Medical & Chemistry. Trescal was founded in 2007 and is based in Rungis, France.

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Buyer(S) 1

Buyer

OMERS Private Equity

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 19.8B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

OMERS Private Equity, Inc. is the private equity arm of the Ontario Municipal Employees Retirement System. OMERS invests in buyout, venture, and mezzanine funds as well as makes direct private equity investments in North American companies with and enterprise value of $200 million to 1.5 billion. Target sectors include manufacturing, financial and business services, industrial and consumer products, transportation, and technology. OMERS Private Equity was formed in 1987 and is based in Toronto, Ontario.

DEAL STATS #
Overall 39 of 55
Sector (Test/Measurement Equipment) 1 of 2
Type (Secondary Buyout) 20 of 33
Country (France) 1 of 2
Year (2017) 2 of 2
Size (of disclosed) 7 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-24 Civica

London, United Kingdom

Civica is a business-critical software and technology-based outsourcing services to both public sector organizations and to commercial organizations in highly regulated sectors. The Company has a highly diversified customer base, including local and central governments, healthcare providers, housing associations, schools, and police and fire services, serving 2,000 major customers in ten countries. Its software and services support functions ranging from financial management and tax & benefits processing to medical records management and are used by over two million professionals every day, streamlining the services provided to 100 million people and businesses. Civica was founded in 2002 and is based in London, United Kingdom.

Sell £1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-18 Husky

Bolton, Ontario, Canada

Husky is a global supplier of injection molding equipment and services to the plastics industry. The company has more than 40 service and sales offices, supporting customers in over 100 countries. Husky’s manufacturing facilities are located in Canada, the United States, Luxembourg, Austria, Switzerland, China, India and the Czech Republic.

Sell $3.9B

Seller(S) 1

SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.

DEAL STATS #
Overall 139 of 217
Sector (Test/Measurement Equipment) 2 of 3
Type (Secondary Buyout) 52 of 84
Country (France) 67 of 104
Year (2017) 13 of 16
Size (of disclosed) 13 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-08 ProService Hawaii

Honolulu, Hawaii, United States

ProService Hawaii provides HR solutions & also provides bundled solutions include configured HR technology, payroll, scheduling, HR consultations, health benefits management, administrative & risk management, workers’ compensation, 401(k), and regulatory compliance. ProService Hawaii was founded in 1994 and is based in Honolulu, Hawaii.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-20 Revere Plastics Systems

Novi, Michigan, United States

Revere Plastics Systems is a manufacturer of plastic injection molding, insert and multi-shot molding, IML/IMD decorating, laser etching, assembly, numerous types of welding, inspection, and leak testing. Revere Plastics Systems partners with clients in the appliance, automotive, outdoor power equipment, medical, and consumer goods industries. Revere Plastics Systems was founded in 2005 and is based in Novi, Michigan.

Buy -
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