M&A Deal Summary

Prysmian Acquires General Cable

On December 4, 2017, Prysmian acquired electrical equipment company General Cable for 3.0B USD

Acquisition Highlights
  • This is Prysmian’s 5th transaction in the Electrical Equipment sector.
  • This is Prysmian’s largest (disclosed) transaction.
  • This is Prysmian’s 2nd transaction in the United States.
  • This is Prysmian’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2017-12-04
Target General Cable
Sector Electrical Equipment
Buyer(s) Prysmian
Deal Type Add-on Acquisition
Deal Value 3.0B USD
Advisor(s) J.P. Morgan Securities LLC (Financial)
Sullivan & Cromwell LLP (Legal)

Target

General Cable

Highland Heights, Kentucky, United States
website
General Cable Corp. develops, designs, manufactures, markets and distributes copper, aluminum and fiber optic wire and cable products and systems for the energy, industrial, specialty, construction, and communications markets. General Cable Corp. was formed in 1992 and is headquartered in Highland Heights, Kentucky.

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Buyer(S) 1

Buyer

Prysmian

Milan, Italy

website

Category Company
Sector Technology Hardware
Employees29,826
Revenue 10.0B EUR (2020)
DESCRIPTION

Prysmian together with its subsidiaries, produces, distributes, and sells cables and systems, and related accessories for the energy and telecommunications industries worldwide. Prysmian is based in Milan, Italy.

DEAL STATS #
Overall 7 of 7
Sector (Electrical Equipment) 5 of 5
Type (Add-on Acquisition) 5 of 5
State (Kentucky) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-16 Oman Cables Industry

Rusayl, Oman

Oman Cables Industry is a developer, manufacturer and marketer of electrical products, which include medium voltage power cables, low voltage power & control cables, instrumentation cables, pilot cables, overhead power transmission line conductors and building wires.

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