M&A Deal Summary

Equistone Partners Europe Limited Acquires Bulgin

On July 31, 2019, private equity firm Equistone Partners Europe Limited acquired electronics company Bulgin from Checkit for 105M GBP

Acquisition Highlights
  • This is Equistone Partners Europe Limited’s 3rd transaction in the Electronics sector.
  • This is Equistone Partners Europe Limited’s 14th largest (disclosed) transaction.
  • This is Equistone Partners Europe Limited’s 95th transaction in the United Kingdom.
Investment Fate
  • Bulgin was sold to a strategic buyer in 2023.

M&A Deal Summary

Date 2019-07-31
Target Bulgin
Sector Electronics
Buyer(s) Equistone Partners Europe Limited
Sellers(s) Checkit
Deal Type Divestiture
Deal Value 105M GBP

Target

Bulgin

Cambridge, United Kingdom
website
Bulgin develops and manufactures connectors and related components for harsh-environment applications, in sectors including industrials, transport & infrastructure and medical technology. Elektron has locations in the UK, North America, Asia-Pacific, and North Africa. Bulgin was founded in 1923 and is based in Cambridge, United Kingdom.

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Buyer(S) 1

Buyer

Equistone Partners Europe Limited

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone Partners Europe Ltd is a private equity firm that invests in small to mid-sized companies with valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, and recapitalizations. Equistone Partners Europe Ltd. (formerly Barclays Private Equity Ltd) was formed in 1997 and is based in London.


DEAL STATS #
Overall 233 of 253
Sector (Electronics) 3 of 3
Type (Divestiture) 13 of 16
Country (United Kingdom) 95 of 100
Year (2019) 9 of 11
Size (of disclosed) 14 of 55
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-24 Heras

Rhede, Germany

Heras provides mobile and permanent perimeter protection systems, products and services. The business supplies products such as fencing systems, manual and automated gates, hostile vehicle mitigation barriers and electronic perimeter detection products to its end customers including construction companies, public authorities, distributors, wholesalers, installers, event organisers and rental companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-14 Omnicare

Unterfohring, Germany

Omnicare primarily distributes finished medicinal products to a nationwide network of compounding pharmacies for the patient-specific production of cancer drugs. Since 2012, the business has expanded its offering by developing additional services for highly specialised pharmacies and medical clinics in quality assurance, monitoring cleanroom hygiene, as well as training and development of specialist staff. Omnicare was founded in 2002 and is based in Unterfohring, Germany.

Buy -

Seller(S) 1

SELLER

Checkit

Cambridge, United Kingdom

website


Category Company
Founded 1948
Sector Electronics
Employees170
Revenue 13M GBP (2022)
DESCRIPTION

Checkit is a technology group that designs, manufactures and markets engineered products which are vital to a connected world. Checkit was founded in 1948 and is based in Cambridge, the United Kingdom.


DEAL STATS #
Overall 8 of 8
Sector (Electronics) 1 of 1
Type (Divestiture) 7 of 7
Country (United Kingdom) 8 of 8
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-16 Queensgate Nano

Cambridge, United Kingdom

Queensgate is a specialist nanopositioning business. Queensgate Nano has delivered world leading, cost effective nanopositioning systems for over three decades. Queensgate research and development is based in Cambridge, UK, where our teams of engineers develop the next generation of world leading products.

Sell £1M