M&A Deal Summary

Husqvarna Acquires GARDENA Manufacturing

On December 21, 2006, Husqvarna acquired consumer products company GARDENA Manufacturing from IK Partners for 730M EUR

Acquisition Highlights
  • This is Husqvarna’s 1st transaction in the Consumer Products sector.
  • This is Husqvarna’s 0th largest (disclosed) transaction.
  • This is Husqvarna’s 1st transaction in Germany.

M&A Deal Summary

Date 2006-12-21
Target GARDENA Manufacturing
Sector Consumer Products
Buyer(s) Husqvarna
Sellers(s) IK Partners
Deal Type Add-on Acquisition
Deal Value 730M EUR

Target

GARDENA Manufacturing

Ulm, Germany
website
GARDENA Manufacturing GmbH is a gardening equipment companies in Europe. Gardena manufactures garden irrigation equipment, garden care products as well as water pumps and pond products.

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Buyer(S) 1

Buyer

Husqvarna

Stockholm, Sweden

website


Category Company
Founded 1689
Sector Machinery
Employees14,512
Revenue 54.0B SEK (2022)
DESCRIPTION

Husqvarna is a producer of outdoor power products including robotic mowers, garden tractors, chainsaws and trimmers. Husqvarna also produces consumer watering products as well as cutting equipment and diamond tools for the construction and stone industries. Husqvarna was founded in 1689 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 3 of 15
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 3 of 13
Country (Germany) 1 of 2
Year (2006) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Yazoo-Kees

Charlotte, North Carolina, United States

Yazoo-Kees is a manufacturer and distributor of landscape maintenance equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-05 Soff-Cut International

Corona, California, United States

Soff-Cut is the innovator and producer of early-entry concrete sawing equipment and replacement blades. Its products enable the concrete construction industry to greatly reduce or eliminate the early, random cracking of concrete slabs and flatwork.

Buy -

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Ik Investment Partners Ltd. (Formerly Industri Kapital) is a private equity firm that targets control investments in mid-sized manufacturing and service companies located in select European countries. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The firm looks to commit €50 to €150 million of equity capital per transaction and targets companies with 'a proven ability to generate significant cash flow' as well as an ability to 'sustain growth through various economic cycles'. IK Investment Partners was formerly known as Industry Kapital. IK Investment Partners was formed in 1989 and has offices in Hamburg, London, Paris, and Stockholm.


DEAL STATS #
Overall 40 of 110
Sector (Consumer Products) 3 of 6
Type (Add-on Acquisition) 17 of 41
Country (Germany) 2 of 15
Year (2006) 6 of 6
Size (of disclosed) 3 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-11 Consolis

Brussels, Belgium

Consolis was formed by combining Consolis Oy Ab and French Bonna Sabla. Consolis is a precast concrete based solution provider and manufacturer of structural precast concrete elements.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-22 Magotteaux SA

Vaux-sous-Chevremont, Belgium

Magotteaux SA is the global supplier of grinding media and mill internals used in the cement industry, in mining and in coal-fired utility plants. Magotteaux also produces castings for the aggregate and dredging industries.

Buy -