M&A Deal Summary

EQT and Ardian Acquire WS Audiology

On March 1, 2019, private equity firms EQT and Ardian acquired electronics company WS Audiology

Acquisition Highlights
  • This is EQT’s 3rd and Ardian’s 4th transaction in the Electronics sector.
  • This is EQT’s 22nd and Ardian’s 3rd transaction in Denmark.

M&A Deal Summary

Date 2019-03-01
Target WS Audiology
Sector Electronics
Buyer(s) EQT
Ardian
Deal Type Consolidation

Target

WS Audiology

Lynge, Denmark
WS Audiology offers a diverse portfolio of technologically advanced hearing aid products and services across its brands Signia, Widex, Rexton, Audio Service, and others. WS Audiology was founded in 2019 and is based in Lynge, Denmark.

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Buyer(S) 2

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 50.0B 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 200 of 308
Sector (Electronics) 3 of 3
Type (Consolidation) 2 of 3
Country (Denmark) 22 of 26
Year (2019) 6 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 VBill

Beijing, China

VBill offers a full range of payment solutions, including bank card acquiring, omnichannel payment, Internet payment, and others. By leveraging its extensive merchant base, VBill also provides value-add services, such as fintech-enabled consumer lending. VBill was founded in 2011 and headquartered in Beijing, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-07 Direct ChassisLink

Charlotte, North Carolina, United States

Direct ChassisLink is a provider of equipment and asset management services to the U.S. intermodal industry. DCLI provides chassis leasing and chassis/container management services to container shipping companies, railroads, terminal operators, logistics companies, motor carriers, and beneficial cargo owners through its advantaged network, information technology, and field management organization. Direct ChassisLink was founded in 2009 and is based in Charlotte, North Carolina.

Sell -
Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 337 of 418
Sector (Electronics) 4 of 6
Type (Consolidation) 3 of 3
Country (Denmark) 3 of 3
Year (2019) 9 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-28 Wari Pay

La Garenne-Colombes, France

Wari Pay is a provider of e-money services offering prepaid cards: SURF, TICKET PREMIUM, and prepaid MASTERCARD ULTRA. After a strong development in the e-gaming market, Wari Pay will achieve deeper penetration in international e-commerce. Wari Pay was founded in 2003 and is based in La Garenne-Colombes, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-18 Eloquant

Levallois-Perret, France

Eloquant is a SaaS software publisher specialized in multichannel customer relations management. Eloquant’s software is used to manage customer relations across all communication channels (telephone, email, chat, and social network). Eloquant was founded in 2001 and is based in Levallois-Perret, France.

Buy -