M&A Deal Summary

Atlas Copco AB Acquires Edwards Group

On August 19, 2013, Atlas Copco AB acquired electronics company Edwards Group Ltd. from Unitas Capital and CCMP Capital Advisors for 1.6B USD

Acquisition Highlights
  • This is Atlas Copco AB’s 1st transaction in the Electronics sector.
  • This is Atlas Copco AB’s 1st largest (disclosed) transaction.
  • This is Atlas Copco AB’s 7th transaction in the United Kingdom.

M&A Deal Summary

Date 2013-08-19
Target Edwards Group Ltd.
Sector Electronics
Buyer(s) Atlas Copco AB
Sellers(s) Unitas Capital
CCMP Capital Advisors
Deal Type Add-on Acquisition
Deal Value 1.6B USD
Advisor(s) Barclays Investment Bank
Lazard Ltd. (Financial)
Davis Polk & Wardwell LLP
Weil Gotshal & Manges LLP
Maples and Calder (Legal)

Target

Edwards Group Ltd.

Crawley, United Kingdom
website
Edwards is a leading supplier of integrated solutions for the manufacture of microelectronics devices, including semiconductors and flat panel displays. It is also a world leader in vacuum technology for industrial, scientific, process, and R&D applications. Edwards employs around 4,000 people globally, in the design, manufacture and support of high technology vacuum equipment.

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Buyer(S) 1

Buyer

Atlas Copco AB

Stockholm, Sweden

website


Category Company
Founded 1873
SectorMachinery
Employees40,000
Revenue 99.8B SEK (2020)
DESCRIPTION
Entrance to an Atlas Copco facility in Rock Hill, South Carolina.
Entrance to an Atlas Copco facility in Rock Hill, South Carolina.

Atlas Copco is a diversified industrial group. The Company is a manufacturer of compressors, expanders and air treatment systems, construction and mining equipment, power tools, and assembly systems. Atlas Copco was founded in 1873 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 68 of 139
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 52 of 107
Country (United Kingdom) 7 of 11
Year (2013) 4 of 7
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-02 Saltus-Werk Max Forst GmbH

Solingen, Germany

Saltus-Werk Max Forst GmbH is a manufacturer and marketer of wide range of products for quality assurance in tightening, including mechanical, mechatronic and electronic wrenches as well as special sockets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-20 Synatec GmbH

Leinfelden-Echterdingen, Germany

Synatec GmbH is a provider of products and solutions to improve flexibility and quality for manufacturing companies’ workplace operations, operator guidance, as well as data collection and analysis. Synatec GmbH specializing in process data collection and analyzing, as well as quality assurance and manufacturing of industrial PCs and operator devices.

Buy -

Seller(S) 2

SELLER

Unitas Capital

Hong Kong, China

website


Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Unitas Capital is a private equity firm focused on buyouts and growth capital investments in medium-to-large sized businesses across Asia. Unitas targets opportunities throughout Australia & New Zealand, Greater China, Korea, Japan and Singapore. Areas of interest include branded consumer, retail and industrial manufacturing/services. Unitas dates back to 1999 (when it was part of and known as J.P. Morgan Partners Asia) and has offices in Hong Kong and Shanghai.


DEAL STATS #
Overall 12 of 12
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 6 of 6
Country (United Kingdom) 1 of 1
Year (2013) 2 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-08 Exego Group Pty Ltd.

Mulgrave, Australia

Exego Group is Australasia's leading provider of automotive aftermarket parts and accessories, servicing both trade and retail customers through a network of 435 stores across Australia and New Zealand. The Company operates through 4 divisions: Repco Australia/Repco NZ (aftermarket resellers); Ashdown Ingram (specialist supplier of auto electrical & thermal products); McLeod Accessories (motorcycle accessories) and Motospecs (specialty products).

Sell $800M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-06 Jiahao Foodstuff Co., Ltd.

Zhongshan, China

Jiahao Foodstuff Co., Ltd. is a chicken bouillon company. Jiahao sells various condiment products under the brands “Jinba”, “Jiahao”, and “Zhanwan”, primarily to the restaurant channel.

Buy -
SELLER

CCMP Capital Advisors

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

CCMP Capital Advisors is a large private equity firm focused on buyout and growth equity opportunities across Asia, North America and Western Europe valued up to $2 billion. Sectors of interest include consumer, retail, and services (specialty retail, direct marketing, consumer packaged goods); media/telecom (consumer and trade publishing, content and programming, broadcasting, cable, wireless and wire line communications ); industrial (chemicals, manufacturing, distribution, automotive); energy (exploration and production, power generation, renewable energy, services); and healthcare (services, pharmaceuticals, medical devices). The Firm's target investment size is $100 to $500 million. CCMP Capital Advisors was formed in 1984 and was spun off in 2006 from JP Morgan Chase with offices in New York, Houston, and London.


DEAL STATS #
Overall 60 of 72
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 19 of 22
Country (United Kingdom) 6 of 7
Year (2013) 2 of 4
Size (of disclosed) 10 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-20 Warner Chilcott PLC

Ardee, Ireland

Warner Chilcott is a global specialty pharmaceutical company currently focused on the gastroenterology, women's healthcare, dermatology and urology segments of the North American and Western European pharmaceuticals markets.

Sell $8.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 MetoKote Corp.

Lima, Ohio, United States

MetoKote Corporation serves its many customers in 30 facilities throughout the United States and the world. MetoKote provides environmentally sound and cost-effective coating solutions including equipment, coating application, and related management and support services to a wide variety of industries such as agriculture, appliance, automotive, computer, construction equipment, electrical, furniture, industrial equipment, recreational, and truck and bus.

Sell -