M&A Deal Summary

Schneider Electric Acquires DTN

On October 28, 2008, Schneider Electric acquired business services company DTN from VSS Capital Partners and Annex Capital

Acquisition Highlights
  • This is Schneider Electric’s 1st transaction in the Business Services sector.
  • This is Schneider Electric’s 11th transaction in the United States.
  • This is Schneider Electric’s 1st transaction in Nebraska.

M&A Deal Summary

Date 2008-10-28
Target DTN
Sector Business Services
Buyer(s) Schneider Electric
Sellers(s) VSS Capital Partners
Annex Capital
Deal Type Add-on Acquisition

Target

DTN

Omaha, Nebraska, United States
website
DTN is a providor of time-sensitive, specialized meteorological and business information, analysis and integration tools to over a dozen different market segments using a combination of internet, satellite and direct data-feed.

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Buyer(S) 1

Buyer

Schneider Electric

Rueil Malmaison, France

website


Category Company
Founded 1836
Sector Electrical Equipment
Employees135,000
Revenue 34.2B EUR (2022)
DESCRIPTION

Schneider Electric is a provider of electricity distribution, automation management and produces installation components for energy management. Schneider Electric develops connected technologies and solutions to manage energy and process in ways that are safe, reliable, efficient and sustainable. Schneider Electric was founded in 1836 and is based in Rueil-Malmaison, France.


DEAL STATS #
Overall 15 of 40
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 14 of 36
State (Nebraska) 1 of 1
Country (United States) 11 of 21
Year (2008) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 Xantrex Technology

Burnaby, British Columbia, Canada

Xantrex Technology, Inc. is a supplier of advanced power electronics and controls for the commercial, recreational, and residential markets. The Xantrex brand, is one of the most successful and popular brands of onboard AC power technology. Xantrex products are used in a variety of applications in the RV, marine, military, construction, EMS, bus, work service vehicle and commercial truck markets. Xantrex ensures its products are put through extensive reliability testing and certifies its products to comply with various regulatory standards to meet or exceed the applicable requirements for safety, quality, efficiency and environment. With more than three decades of design, engineering and manufacturing experience, Xantrex power solutions offer an enviable mix of advanced technology and unmatched bankability.

Buy $500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-13 Scada group

Merewether, Australia

Scada group provider of systems integration solutions and supervisory control and data acquisition (SCADA) products to water utilities and oil & gas businesses.

Buy AU$200M

Seller(S) 2

SELLER

VSS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

VSS Capital Partners is a private equity firm that targets investments in the media, communications, education, and information services sectors. VSS looks for opportunities with valuable brand franchises, stable cash flows, and infrastructure to support add-ons. The Firm will consider businesses throughout North America and Europe valued between $50 and $750 million. Prospective investment situations include management buyouts/buy-ins, expansion or acquisition financings, recapitalizations, build-ups, going private transactions, and partnerships. VSS was formed in 1981 and is based in New York City.


DEAL STATS #
Overall 15 of 56
Sector (Business Services) 4 of 12
Type (Add-on Acquisition) 4 of 22
State (Nebraska) 1 of 1
Country (United States) 13 of 43
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-26 Alexander Gallo

Atlanta, Georgia, United States

Alexander Gallo Holdings LLC is the nation’s privately-owned court reporting and litigation support services company. Alexander Gallo Holdings is home to one of the largest base of court reporters in the country. Alexander Gallo was founded in 1999 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-27 Berliner Verlag

Berlin, Germany

Berliner Verlag is a leading German regional newspaper publishing group based in Berlin. As the second largest local publisher the company publishes four products which cover the whole print advertising value chain in its core markets: Berliner Zeitung (daily circulation ca.185,000), the largest and most prestigious German regional quality broadsheet in Berlin; Berliner Kurier (daily circulation ca.121,000), a high quality tabloid targeted at well educated readership; Abendblatt (weekly circulation 1.2 million), a weekly advertising free sheet with 21 district editions; and TIP (biweekly circulation 61,000), Berlin's leading city entertainment guide.

Sell -
SELLER

Annex Capital

New York, New York, United States

website


Category Private Equity Firm
Founded 2004
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Annex Capital Management is a private investment firm focused on secondary private equity transactions and special situations opportunities. Annex is sector agnostic with an emphasis on consumer products, including food and beverage, information services, telecommunications and specialized manufacturing. Annex was formed in 2004 with the spinout of Dresdner Bank's direct investment portfolio into a new secondary firm backed by Coller Capital. Annex Capital is based in New York City.


DEAL STATS #
Overall 10 of 13
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 3 of 5
State (Nebraska) 1 of 1
Country (United States) 10 of 13
Year (2008) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-24 Mrs. Fields Famous brands

Salt Lake City, Utah, United States

Mrs. Fields Famous brands, Inc. is one of the largest franchisors in the premium snack food industry, owning such highly recognized brands as Mrs. Fields, Great American Cookie Company, TCBY. Pretzel Time and Pretzel maker.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-30 Great American Cookie

Norcross, Georgia, United States

Great American Cookie Co., Inc. is a franchiser of fresh-baked cookie outlets.

Sell -