M&A Deal Summary

AC Desarrollo and 3i Private Equity Acquire Hitecsa Aire Acondicionado SLU

On December 19, 2001, AC Desarrollo and private equity firm 3i Private Equity acquired manufacturer Hitecsa Aire Acondicionado SLU for 37M EUR

Acquisition Highlights
  • This is AC Desarrollo’s 1st and 3i Private Equity’s 8th transaction in the Manufacturing sector.
  • This is AC Desarrollo’s 0th and 3i Private Equity’s 47th largest (disclosed) transaction.
  • This is AC Desarrollo’s 11th and 3i Private Equity’s 5th transaction in Spain.

M&A Deal Summary

Date 2001-12-19
Target Hitecsa Aire Acondicionado SLU
Sector Manufacturing
Buyer(s) AC Desarrollo
3i Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 37M EUR

Target

Hitecsa Aire Acondicionado SLU

Barcelona, Spain
website
HITECSA AIRE ACONDICIONADO S.L.U is an organization that designs, manufactures and sells air conditioning units for the industrial, tertiary, commercial and residential sectors. its have a broad range of highly competitive products.

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Buyer(S) 2

Buyer

AC Desarrollo

Madrid, Spain

website


Category Private Equity Firm
Founded 1999
PE ASSETS 345M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

AC Desarrollo is the private equity arm of Ahorro Corporación, a financial services group. AC Desarrollo focuses on acquiring middle market businesses throughout Spain. AC has no industry preferences and will consider both majority and minority positions in portfolio companies. Sectors AC has invested in include food/beverages, domestic cleaning products, air conditioning, toys, telecommunications, retail, and software. Prospective transaction situations include buyouts (MBOs, MBIs, and LBOs), consolidations, startups, and growth capital financing. AC Desarrollo was formed in 1999 and is based in Madrid. The Firm is no longer active.


DEAL STATS #
Overall 12 of 40
Sector (Manufacturing) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 8 of 21
Country (Spain) 11 of 38
Year (2001) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-01 Inversora De Bebidas Naturales SL

Granada, Spain

Inversora De Bebidas Naturales SL Produces Beverages.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-01 Tegraf SL

Barcelona, Spain

Tegraf SL is a provier of Business Services.

Buy -
Buyer

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1945
PE ASSETS 16.7B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


DEAL STATS #
Overall 36 of 247
Sector (Manufacturing) 8 of 13
Type (Buyout (LBO, MBO, MBI)) 29 of 116
Country (Spain) 5 of 20
Year (2001) 10 of 10
Size (of disclosed) 47 of 64
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-01 LAMY SA

Bordeaux, France

Lamy is a French leader in Property Management.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 e2v Technologies

Chelmsford, United Kingdom

e2v Technologies Plc is a provider of radio frequency (RF), microwave and sensing components and sub-systems.

Buy -