M&A Deal Summary

Platinum Equity Acquires De Wave Group

On October 30, 2019, private equity firm Platinum Equity acquired marine company De Wave Group from Xenon Private Equity

Acquisition Highlights
  • This is Platinum Equity’s 3rd transaction in the Marine sector.
  • This is Platinum Equity’s 1st transaction in Italy.

M&A Deal Summary

Date 2019-10-30
Target De Wave Group
Sector Marine
Buyer(s) Platinum Equity
Sellers(s) Xenon Private Equity
Deal Type Secondary Buyout

Target

De Wave Group

Genova, Italy
De Wave Group is a marine contractor that specializes in cruise ship interiors, providing both new build and refit services to shipbuilders and cruise operators. De Wave operates five facilities in Italy, Poland, Singapore, and the United States, with vertically integrated production lines that offer full control throughout the product development process. De Wave Group is based in Genova, Italy.

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Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 105 of 148
Sector (Marine) 3 of 3
Type (Secondary Buyout) 19 of 41
Country (Italy) 1 of 3
Year (2019) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-22 Cision

Chicago, Illinois, United States

Cision is a provider of PR software and services including content marketing, media monitoring, media list building, distribution and analysis. Cision's software allows users to identify key influencers, craft and distribute strategic content, and measure meaningful impact. Cision is based in Chicago, Illinois.

Buy $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-01 PAE

Falls Church, Virginia, United States

PAE is a provider of support for the essential missions of the U.S. government, its allied partners, and international organizations. With over 60 years of experience, the company supports the execution of complex and critical missions by providing global logistics and stability operations, technical services and national security solutions to customers around the world. PAE was formed in 1955 and is based in Falls Church, Virginia.

Sell -

Seller(S) 1

SELLER

Xenon Private Equity

Luxembourg, Luxembourg

Category Private Equity Firm
PE ASSETS 184M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Xenon Private Equity is a private equity group focused on investing in lower/mid-market Italian companies. Xenon looks for businesses in need of operational improvement, strategic redirection, management help, or potential to achieve scale through add-ons or manufacturing relocation. Areas of interest include B2B component and system manufacturing, outsourced industrial services, healthcare products, non-asset based logistics, consumer products, business services, and technology. The Firm seeks to invest up to €40 million in transactions valued from €20 to €100 million. Xenon is based in Luxembourg.


DEAL STATS #
Overall 4 of 6
Sector (Marine) 1 of 1
Type (Secondary Buyout) 4 of 6
Country (Italy) 4 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-24 Scout APM

Fort Collins, Colorado, United States

Scout APM is an Application Performance Monitoring (APM) that finds what you can't see in charts. Scout APM was founded in 2008 and is based in Fort Collins, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-07 CBG Acciai

Caronno Pertusella, Italy

CBG Acciai is an Italian steel blades manufacturer that is involved in the manufacturing of a wide range of high precision steel blades such as those used for cutting wood, foam, and stone. CBG Acciai is based in Caronno Pertusella, Italy.

Buy -