M&A Deal Summary

Fagerhult Acquires Whitecroft Lighting

On November 4, 2005, Fagerhult acquired electrical equipment company Whitecroft Lighting from H2 Equity Partners B.V. and NEON Private Equity for 21M EUR

Acquisition Highlights
  • This is Fagerhult’s 1st transaction in the Electrical Equipment sector.
  • This is Fagerhult’s 3rd largest (disclosed) transaction.
  • This is Fagerhult’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2005-11-04
Target Whitecroft Lighting
Sector Electrical Equipment
Buyer(s) Fagerhult
Sellers(s) H2 Equity Partners B.V.
NEON Private Equity
Deal Type Add-on Acquisition
Deal Value 21M EUR

Target

Whitecroft Lighting

Lancashire, United Kingdom
website
Whitecroft Lighting Ltd. is a manufacturer and marketer of up-market lighting fixtures. The company was an amalgamation of 4 different businesses; and had to reposition itself and had to integrate several factories. The strategy was focussed on complex lighting applications for hospitals and schools.

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Buyer(S) 1

Buyer

Fagerhult

Habo, Sweden

website

Category Company
Founded 1945
Sector Consumer Products
Employees4,200
Revenue 6.8B SEK (2020)
DESCRIPTION

Fagerhult is a developer, manufacturer, and marketer of professional lighting systems for public environments. Fagerhult was founded in 1945 and is based in Habo, Sweden.

DEAL STATS #
Overall 1 of 9
Sector (Electrical Equipment) 1 of 8
Type (Add-on Acquisition) 1 of 9
Country (United Kingdom) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 3 of 7
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-11 I-Valo Oy

Iittala, Finland

I-Valo Oy is a manufacturer of lighting fixtures and solutions primarily for industrial applications located in very demanding conditions.

Buy €9M

Seller(S) 2

SELLER

H2 Equity Partners B.V.

Amsterdam, Netherlands

Investor Investor Investor

website

Category Private Equity Firm
Founded 1991
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION
H2 Equity Partners' Amsterdam headquarters.
H2 Equity Partners' Amsterdam headquarters.

H2 Equity Partners is an independent private equity group focused on mid-sized turnaround-and-growth investments in the Benelux, Germany, and the UK. H2 looks for businesses facing operational, financial and/or managerial challenges, or sectors 'poised for consolidation'. H2 is a generalist investor, with no specific areas of interest. However, in the past, the firm has targeted opportunities in paper/board, steel, healthcare, media/communications, building products, consumer products, and fashion. H2 can invest in the rang of €5 to €25 million per transaction. H2 Equity Partners was formed in 1991 and has offices in Amsterdam, Munich, and London.

DEAL STATS #
Overall 2 of 33
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 17
Country (United Kingdom) 1 of 7
Year (2005) 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-01 ATAG

Lichtenvoorde, Netherlands

ATAG is an European condensing boiler manufacturer. ATAG Commercial​ develops, designs, assembles and markets condensing boilers based on its own-patented stainless-steel heat exchanger. ATAG was founded in 1948 and is based in Lichtenvoorde, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Workx Equipment Rental

Zoetermeer, Netherlands

Workx (previously Jaston Groep) is active in the building equipment rental market in the Netherlands, focusing on contractors and related companies. Workx focuses on the B2B market, offering a multi-specialist approach, a high service level and high quality rental fleet. The company has a 'General Rental' division and a 'Scaffolding' division. Workx has a total of 45 depots in the Netherlands, and originates from the combination of a number of regional general rental and scaffolding players: PR Verhuur, Cramo NL, AA Verhuurcentrale, Steimach, Amarent, HuurCenter, Bollen Verhuur, Roos Verhuur, Jaston Steigerbouw, DSS, Dokter Steigerbouw and Hi-Reach.

Buy -
SELLER

NEON Private Equity

Amsterdam, Netherlands

website

Category Private Equity Firm
Founded 1982
Size Small
Type Sector Agnostic
DESCRIPTION

NEON Private Equity is a Dutch private equity firm focused on management buyouts of middle-market companies. The Firm focuses on acquiring controlling interests and looks to commit €5 to €25 million in transactions valued between €25 and €150 million. Areas of interest include food, retail, wholesale, passenger transport, medical instruments, and media. NEON will consider select growth capital situations, however the Firm will not invest in startups. NEON Private Equity was formerly known as Fortis Private Equity Holding Nederland BV. The Firm was formed in 1982 and is based in Utrecht.

DEAL STATS #
Overall 1 of 6
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (United Kingdom) 1 of 1
Year (2005) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-28 Sandd

Apeldoorn, Netherlands

Sandd is a postal company in the Netherlands and focuses on the delivery of addressed bulk mail, such as direct mail and subscription magazines. Since the liberalization of the Dutch postal market Sandd also focuses on transaction mail such as invoices and policies. Sandd was founded in 1999 and is based in Apeldoorn, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-02 IMS B.V.

Bilzen, Belgium

IMS BV is the holding company of the fast-growing GymnaUniphy and Elmed operations. IMS is a key designer and distributor of innovative and high quality products for the medical and wellness market. IMS offers a complete range of medical equipment (physio therapy and rehabilitation market) and wellness devices (fitness, professional sports, beauty market). Its brands 'Gymna' and 'Uniphy' have been enjoying an excellent reputation in the physio therapy market for more than 30 years and are distributed in more than 70 countries. IMS is located in Bilzen, Belgium.

Buy -
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