M&A Deal Summary

KPS Capital Partners Acquires Innomotics

On May 16, 2024, private equity firm KPS Capital Partners acquired electrical equipment company Innomotics from Siemens for 3.5B EUR

Acquisition Highlights
  • This is KPS Capital Partners’ 5th transaction in the Electrical Equipment sector.
  • This is KPS Capital Partners’ largest (disclosed) transaction.
  • This is KPS Capital Partners’ 4th transaction in Germany.

M&A Deal Summary

Date 2024-05-16
Target Innomotics
Sector Electrical Equipment
Buyer(s) KPS Capital Partners
Sellers(s) Siemens
Deal Type Divestiture
Deal Value 3.5B EUR

Target

Innomotics

Nuremberg, Germany
Innomotics is a supplier of electric motors and large-drive systems. The Company unites the power of deep engineering expertise and leading innovation in electrical solutions across industries and regions. Innomotics is headquartered in Nuremberg, Germany.

Search 197,704 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 13.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 52 of 52
Sector (Electrical Equipment) 5 of 5
Type (Divestiture) 22 of 22
Country (Germany) 4 of 4
Year (2024) 2 of 2
Size (of disclosed) 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-08 Sportgroup

Burgheim, Germany

Sportgroup is a manufacturer of artificial turf systems and synthetic floor coverings in the sport and leisure sector. Its comprehensive product range includes artificial turf, running tracks and polyurethane surfaces as well as components for sporting, industrial and leisure facilities. Sportgroup is based in Burgheim, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-24 Eviosys

Baar, Switzerland

Eviosys is a provider of metal packaging, producing food cans and ends, aerosol cans, metal closures and promotional packaging to preserve the products of hundreds of consumer brands. Eviosys was formed in 2021 and is headquartered in Baar, Switzerland.

Sell $3.9B

Seller(S) 1

SELLER

Siemens

Munich, Germany

Category Company
Founded 1847
Sector Diversified
Employees320,000
Revenue 77.8B EUR (2023)
DESCRIPTION
Siemens office building in St. Louis, Missouri.
Siemens office building in St. Louis, Missouri.

Siemens is a global engineering and electronics conglomerate company headquartered in Munich. Siemens serves a variety of customers and is organized in in four main divisions: Industry, Energy, Healthcare, and Infrastructure & Cities. Siemens was founded in 1847 and is based in Munich, Germany.


DEAL STATS #
Overall 25 of 26
Sector (Electrical Equipment) 3 of 3
Type (Divestiture) 21 of 22
Country (Germany) 14 of 14
Year (2024) 1 of 2
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-01 Ethos Energy

Aberdeen, United Kingdom

Ethos Energy is a company that specializes in providing rotating equipment services and solutions. Ethos Energy offerings include facility operations and maintenance, designing and manufacturing engineered components, and repairing and optimizing gas and steam turbines, generators, compressors, and transformers. Ethos Energy is based in Aberdeen, Scotland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-28 Ethos Energy

Aberdeen, United Kingdom

Ethos Energy is a company that specializes in providing rotating equipment services and solutions. Ethos Energy offerings include facility operations and maintenance, designing and manufacturing engineered components, and repairing and optimizing gas and steam turbines, generators, compressors, and transformers. Ethos Energy is based in Aberdeen, Scotland.

Sell -