M&A Deal Summary

Nederman Holding AB Acquires Environmental Filtration Technologies

On September 11, 2012, Nederman Holding AB acquired machinery company Environmental Filtration Technologies LLC from H.I.G. Capital and Bayside Capital, Inc. for 249M SEK

Acquisition Highlights
  • This is Nederman Holding AB’s 1st transaction in the Machinery sector.
  • This is Nederman Holding AB’s 1st largest (disclosed) transaction.
  • This is Nederman Holding AB’s 1st transaction in the United States.
  • This is Nederman Holding AB’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2012-09-11
Target Environmental Filtration Technologies LLC
Sector Machinery
Buyer(s) Nederman Holding AB
Sellers(s) H.I.G. Capital
Bayside Capital, Inc.
Deal Type Add-on Acquisition
Deal Value 249M SEK
Advisor(s) Lincoln International (Financial)

Target

Environmental Filtration Technologies LLC

Charlotte, North Carolina, United States
website
Environmental Filtration Technologies LLC (Formerly Beacon Industrial Group) is an international industrial filtration company that provides highly engineered products and systems for the filtration of liquids and gases utilized in a broad range of industrial applications.

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Buyer(S) 1

Buyer

Nederman Holding AB

Helsingborg, Sweden

website


Category Company
Founded 1994
SectorMachinery
Employees2,245
Revenue 4.0B SEK (2021)
DESCRIPTION

Nederman is a supplier in air treatment of working environments in industrial environments. In this field, Nederman markets products and systems for capture at source, i.e. the capture and filtration of dust, gas, exhaust and other particles directly where they arise, as well as hose and cable reels. Nederman was founded in 1944 and is headquartered in Helsingborg, Sweden.


DEAL STATS #
Overall 1 of 5
Sector (Machinery) 1 of 2
Type (Add-on Acquisition) 1 of 5
State (North Carolina) 1 of 1
Country (United States) 1 of 3
Year (2012) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-05 National Conveyor Co., Inc.

East Granby, Connecticut, United States

National Conveyor Co., Inc. is a provider of engineering solutions like metal chip processing and ash handling systems.

Buy -

Seller(S) 2

SELLER

H.I.G. Capital

Miami, Florida, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
PE ASSETS 25.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $500 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.


DEAL STATS #
Overall 35 of 137
Sector (Machinery) 1 of 2
Type (Add-on Acquisition) 16 of 60
State (North Carolina) 1 of 1
Country (United States) 33 of 101
Year (2012) 4 of 7
Size (of disclosed) 19 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-03 DIAM GROUP

Paris, France

DIAM is a provider of point of sale merchandising solutions for major luxury, cosmetic and retail brands. It provides POS and interior design services to brands and retailers, specializing in perfumes, cosmetics, para-pharmaceuticals, wines and spirits, jewellery and consumer goods, as well as point of sale installation, logistics, and support services. DIAM was founded in 1973 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-12 ALTEO Alumina

Gardanne, France

ALTEO is a global integrated producer and supplier of specialty non-metallurgical grade alumina. ALTEO has 4 industrial sites: Gardanne, La Bâthie and Beyrède in France and Teutschenthal in Germany, as well as commercial sites in the United States, the United Kingdom, Japan and China. ALTEO is headquartered in France, at the Gardanne site.

Buy -
SELLER

Bayside Capital, Inc.

Miami, Florida, United States

Investor Investor Investor Investor Investor

website


Category Lender
PE ASSETS 7.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Bayside Capital is the credit affiliate of mega-sized private equity firm, HIG Capital. The Firm is split into three groups, Bayside Credit Partners, Bayside Fixed Income, and Bayside Special Situations. Within its operating segments, the Firm provides a variety of equity and debt financing solutions to a variety of private and public companies. Bayside typically targets businesses with revenues in excess of $50 million and will invest $10 to $100 million per transaction. Bayside will invest in companies across a broad spectrum of industries, including business services, manufacturing, healthcare, retail, food/agriculture, and specialty finance. The Firm will not invest in start-up enterprises, real estate ventures, or project finance. Although Bayside seeks to purchase a controlling interest in its portfolio companies, the firm will consider promising minority investments. Bayside prefers companies with substantial operations in the United States and Canada, but will consider opportunities in Europe. Bayside Capital has offices in Miami, Atlanta, Boston, and San Francisco.


DEAL STATS #
Overall 2 of 8
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 2 of 5
State (North Carolina) 1 of 1
Country (United States) 2 of 5
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-06 Alexander Gallo Holdings LLC

Atlanta, Georgia, United States

Alexander Gallo Holdings LLC is the nation’s privately-owned court reporting and litigation support services company. Alexander Gallo Holdings is home to one of the largest base of court reporters in the country.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-08 Smallsteps B.V.

Amersfoort, Netherlands

Smallsteps is a provider of childcare services in the Netherlands. The Group offers day care for 0-4 year olds and pre/after school care for 4-12 year olds. The group provides services to 26,000 children through its 251 locations and 2,750 employees. Smallsteps works together with parents, local communities and national partners to ensure excellent childcare services are provided for its customers.

Buy -