M&A Deal Summary

EQT and Axcel Acquire Cimbria A/S

On May 1, 2007, private equity firms EQT and Axcel acquired machinery company Cimbria A/S

Acquisition Highlights
  • This is EQT’s 8th and Axcel’s 1st transaction in the Machinery sector.
  • This is EQT’s 11th and Axcel’s 22nd transaction in Denmark.
Investment Fate
  • Cimbria A/S was sold to a consortium of financial buyers in 2013 for 137M EUR.
  • Cimbria A/S was sold to a publicly-traded strategic buyer in 2016 for 340M USD.

M&A Deal Summary

Date 2007-05-01
Target Cimbria A/S
Sector Machinery
Buyer(s) EQT
Axcel
Deal Type Buyout (LBO, MBO, MBI)

Target

Cimbria A/S

Thisted, Denmark
Cimbria A/S is a manufacturer of equipment used for either seed processing or post-harvest grain handling. The company’s products include equipment for cleaning, drying and storing grain and seed, as well as conveyors linking equipment in a handling or processing line. Products range from standalone equipment pieces to large custom built project installations. Cimbria operates two production facilities in Denmark, and one in each of Austria, the Czech Republic and Italy.

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Buyer(S) 2

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 56 of 320
Sector: Machinery M&A 8 of 13
Type: Buyout (LBO, MBO, MBI) M&A Deals 24 of 85
Country: Denmark M&A 11 of 26
Year: 2007 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-01 Yin Rong

China

Yin Rong is a regional branded juice producer based in Xian, Shaanxi province, China. Established in 1994, the company has grown to be a competitive branded juice player in Northwest and Central China with annual capacity of 180,000 tons. Majority of its products have juice content of 35-60%. Its products are distributed both through retail and catering channels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-23 PSM International

Wales, United Kingdom

PSM International is a multinational full-service provider of fastening solutions to a diverse customer base in the automotive, notebook, mobile phone, and general manufacturing industries. PSM International was founded in 1931 and is based in Wales. England.

Buy -
Buyer

Axcel

Copenhagen, Denmark

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 4.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Axcel Management AS is a private equity firm focused on mid-market buyouts in Denmark and Sweden. Axcel primarily seeks companies with a strong Danish or Swedish base and international potential. The Firm looks to invest in companies with revenues of DKK 250 million (€ 35 million) to DKK 4 billion (€ 535 million). Axcel prefers majority positions. Axcel Management A/S was formed in 1994. The Firm is based in Copenhagen with an additional office in Stockholm.


DEAL STATS #
Overall 27 of 69
Sector: Machinery M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 26 of 40
Country: Denmark M&A 22 of 47
Year: 2007 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Zizzi

Billund, Denmark

Zizzi manufactures women's fashions aimed at two segments: plus-size clothing and standard-size clothing. Zizzi offers several sub-brands specializing in activewear, underwear, swimwear and maternity. Zizzi was founded in 1988 and is based in Billund, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-01 Icopal

Herlev, Denmark

Icopal is an international manufacturer of flat roofing materials. The Company also provides products and solutions for the residential roofing, building membranes, below grade waterproofing and civil engineering markets. Icopal was formed in 1876 and is based in Herlev, Denmark.

Sell kr.6.4B