M&A Deal Summary

LendLease Acquires Valemus Australia Pty

On December 21, 2010, LendLease acquired construction company Valemus Australia Pty from Bilfinger SE for 1.1B AUD

Acquisition Highlights
  • This is LendLease’s 1st transaction in the Construction sector.
  • This is LendLease’s largest (disclosed) transaction.
  • This is LendLease’s 2nd transaction in Australia.

M&A Deal Summary
Date 2010-12-21
Target Valemus Australia Pty
Sector Construction
Buyer(s) LendLease
Sellers(s) Bilfinger SE
Deal Type Divestiture
Deal Value 1.1B AUD

Target

Valemus Australia Pty

Australia
Valemus Australia Pty Ltd. is a construction and infrastructure services markets in Australia.

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Buyer(S) 1

Buyer

LendLease

Barangaroo, Australia

website

Category Company
Founded 1958
Sector Real Estate
Revenue 8.8B AUD (2022)
DESCRIPTION

LendLease is a fully integrated property and infrastructure solutions providers. LendLease was founded in 1958 and is based in Barangaroo, Australia.

DEAL STATS #
Overall 2 of 2
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 2 of 2
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-15 Lend Lease Primelife

South Melbourne, Australia

Lend Lease Primelife Ltd. is a largest integrated owners, operators and developers of senior living communities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-14 Parallel Infrastructure

Charlotte, North Carolina, United States

Parallel Infrastructure is a build-to-suit tower operator with nearly 500 macro cell towers across the US and several hundred more under contract or in late-stage development. The Company counts all major US wireless carriers as customers, including AT&T, Verizon, and T-Mobile, which lease space on towers under long-term contracts. Parallel Infrastructure is based in Charlotte, North Carolina.

Sell -

Seller(S) 1

SELLER

Bilfinger SE

Mannheim, Germany

website

Category Company
Founded 1880
Sector Engineering
Employees38,997
Revenue 4.0B EUR (2017)
DESCRIPTION

Bilfinger brings together two complementary characteristics: engineering competence and service mentality. For industrial companies, the energy sector and users of real estate and infrastructure, we are setting standards with our performance in countries throughout the world. High quality, technological competence and extensive experience are the foundations of our success. Everywhere we work, we ensure that our clients can concentrate on what they do best: their core business. Through their commitment, the 70,000 people at the engineering and services group help make daily life work: they design and finance, maintain and repair, build and operate.

DEAL STATS #
Overall 2 of 6
Sector (Construction) 1 of 1
Type (Divestiture) 2 of 6
Country (Australia) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-06 MCE AG

Grudzi?dz, Poland

The operations of the MCE Group are structured into four divisions. These divisions are associated with all Group companies: MCE Industrial Engineering and Services / MCE Building Technology / MCE Machinery and Steel Construction / MCE Personnel Services

Buy €350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Babcock Borsig Steinmüller CZ s.r.o.

Brno, Czech Republic

Babcock Borsig Steinmüller CZ s.r.o. f/k/a AE&E CZ s.r.o., provides services in architectural and engineering services (including design). The company is under liquidation.

Buy -
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