M&A Deal Summary |
|
|---|---|
| Date | 2019-05-16 |
| Target | Howden |
| Sector | Machinery |
| Buyer(s) | KPS Capital Partners |
| Sellers(s) | Enovis |
| Deal Type | Divestiture |
| Deal Value | 1.8B USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1991 |
| PE ASSETS | 13.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $100 million to $1 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 35 of 51 |
| Sector (Machinery) | 4 of 6 |
| Type (Divestiture) | 15 of 22 |
| Country (United Kingdom) | 1 of 2 |
| Year (2019) | 2 of 3 |
| Size (of disclosed) | 3 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-06 |
Life Fitness
Franklin Park, Illinois, United States Life Fitness is a global producer of commercial fitness equipment and game tables. The Company manufactures and sells its strength and cardiovascular equipment and billiards tables and accessories through its family of brands that includes Life Fitness, Hammer Strength, Cybex, Indoor Cycling Group, SCIFIT and Brunswick Billiards. |
Buy | $490M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-17 |
Genesis Attachments
Superior, Wisconsin, United States Genesis Attachments LLC is a global producer of high-quality hydraulic mobile shears, specialty demolition attachment tools, grapples, concrete processors and associated aftermarket parts. Headquartered in Superior, Wisconsin, Genesis operates one manufacturing facility and one assembly and distribution facility with approximately 130 associates worldwide. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1860 |
| Sector | Manufacturing |
| Employees | 16,200 |
| Revenue | 1.6B USD (2022) |
Enovis is a diversified manufacturing and engineering company that provides gas- and fluid-handling and fabrication technology products and services to commercial and governmental customers around the world under the Howden, Enovis Fluid Handling and ESAB brands. Enovis was incorporated in 1860 and is based in Wilmington, Delaware.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Machinery) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| Country (United Kingdom) | 1 of 1 |
| Year (2019) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-19 |
DJO Global
Vista, California, United States DJO Global, Inc. is a manufacturer of rehabilitation and regeneration products for the non-operative orthopedic and spine markets. DJO Global offers a range of products includes rigid knee braces and soft goods, cold therapy, vascular systems, and bone stimulation and regeneration products. DJO Global, Inc. was founded in 1978 and is based in Vista, California. |
Buy | $3.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-28 |
Mathys
Bettlach, Switzerland Mathys is specialized in the development, manufacture, and sale of products for joint replacement. Mathys's services include implants for the hip, knee, and shoulder as well as synthetic bone substitute material. Mathys was founded in 1946 and is based in Bettlach, Switzerland. |
Buy | $285M |
