M&A Deal Summary

Honeywell Acquires Xtralis Pty

On February 4, 2016, Honeywell acquired safety/security company Xtralis Pty from Pacific Equity Partners for 480M USD

Acquisition Highlights
  • This is Honeywell’s 3rd transaction in the Safety/Security sector.
  • This is Honeywell’s 19th largest (disclosed) transaction.
  • This is Honeywell’s 1st transaction in Australia.

M&A Deal Summary

Date 2016-02-04
Target Xtralis Pty
Sector Safety/Security
Buyer(s) Honeywell
Sellers(s) Pacific Equity Partners
Deal Type Add-on Acquisition
Deal Value 480M USD

Target

Xtralis Pty

Bentleigh East, Australia
Xtralis Pty Ltd. is a provider of aspirating smoke detection along with advanced perimeter security technologies and video analytics software

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Buyer(S) 1

Buyer

Honeywell

Charlotte, North Carolina, United States

Category Company
Founded 1885
Sector Diversified
Employees95,000
Revenue 36.7B USD (2023)
DESCRIPTION
Honeywell office in Hyderabad, India.
Honeywell office in Hyderabad, India.

Honeywell is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. Honeywell was founded in 1885 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 62 of 84
Sector (Safety/Security) 3 of 5
Type (Add-on Acquisition) 46 of 64
Country (Australia) 1 of 2
Year (2016) 1 of 4
Size (of disclosed) 19 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-15 Sigma-Aldrich Corp - Seelze

Germany

Sigma-Aldrich - Seelze is a manufacturer of high-purity research chemicals and other materials used in new drug discovery, medical diagnostic testing and other laboratory applications.

Buy €105M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 RSI Video Technologies SA

Strasbourg, France

RSI Video Technologies SA is a provider of intrusion detection systems for commercial and residential security applications under the brand Videofied.

Buy $123M

Seller(S) 1

SELLER

Pacific Equity Partners

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 10.0B AUD
Size Mega
Type Sector Agnostic
DESCRIPTION

Pacific Equity Partner (PEP) is a private equity firm focused on buyout and late stage expansion capital investments in Australia and New Zealand. PEP typically partners with management teams in acquiring businesses and focuses on transactions valued up to AU$1 Billion. The Firm prefers control situations and typically holds investments for three to six years. PEP will not invest in start-ups or unprofitable businesses, as well as gambling or tobacco companies. Pacific Equity Partners was formed in 1998 and is based in Sydney, Australia. The Firm targets various industries.


DEAL STATS #
Overall 12 of 22
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 7 of 13
Country (Australia) 8 of 15
Year (2016) 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-11 Manuka Health New Zealand

Te Awamutu, New Zealand

Manuka Health New Zealand Ltd. is a manufacturer of natural health and beauty products. Manuka Health New Zealand was established in 2006 and is headquartered in Te Awamutu, New Zeland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-01 Patties Foods

Bairnsdale, Australia

Patties Foods is a provider of frozen savoury and frozen dessert pies, with key products including meat pies, sausage rolls and fruit pies. The company produces three of the five leading pie brands in Australia, and is a major supplier into several channels including grocery, route, and foodservice. Patties Foods was founded in 1966 and is based in Bairnsdale, Australia.

Buy -