M&A Deal Summary

Stellex Capital Management and The Carlyle Group Acquire Maccaferri

On December 3, 2020, private equity firms Stellex Capital Management and The Carlyle Group acquired engineering company Maccaferri for 9M EUR

Acquisition Highlights
  • This is Stellex Capital Management’s 1st and The Carlyle Group’s 2nd transaction in the Engineering sector.
  • This is Stellex Capital Management’s and The Carlyle Group’s 131st largest (disclosed) transaction.
  • This is Stellex Capital Management’s 2nd and The Carlyle Group’s 12th transaction in Italy.
Investment Fate
  • Maccaferri was sold to a consortium of financial buyers in 2024.

M&A Deal Summary

Date 2020-12-03
Target Maccaferri
Sector Engineering
Buyer(s) Stellex Capital Management
The Carlyle Group
Deal Type Special Situations/Distressed
Deal Value 9M EUR

Target

Maccaferri

Bologna, Italy
website
Maccaferri is a provider of environmental engineering solutions, design, and development of solutions within the civil engineering, geotechnical, and environmental construction market. The company's products represent a low carbon emissions and environmentally friendly alternative within the building materials space. It focuses on environmental solutions and supports the drive towards above-market average growth. Maccaferri was founded in 1879 and is based in Bologna, Italy.

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Buyer(S) 2

Buyer
DESCRIPTION

Stellex Capital Management is a private equity firm focused on acquiring middle-market companies throughout North America and Europe. Stellex looks to invest $25 to $150 million in transactions valued up to $500 million. Sectors of interest include manufacturing, industrial, business services, aerospace, defense, government services, automotive, consumer products, distribution, and transportation. Prospective transaction situations include buyouts, turnarounds, recapitalizations, corporate divestitures, consolidations, and secondary purchases. Stellex Capital Management was formed in 2014 and is based in New York City.


DEAL STATS #
Overall 12 of 23
Sector (Engineering) 1 of 1
Type (Special Situations/Distressed) 1 of 1
Country (Italy) 2 of 2
Year (2020) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-14 Vigor Industrial

Portland, Oregon, United States

Vigor Industrial is a diversified industrial business specializing in shipbuilding, ship repair, and handling important, complex projects in support of energy generation, the nation’s infrastructure, and national defense. With a deep respect for people and the planet, the company strives to be a positive, regenerative force for good environmentally, in the lives of its employees and in the community. Vigor was formed in 1916 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Weber Logistics

Santa Fe Springs, California, United States

Weber Logistics is a third-party logistics company that speeds port-to-market distribution by integrating drayage, warehousing, and final delivery into a single logistics solution. With 15 high-velocity California warehouses and its own regional truck fleet, Weber has become a leading provider of flexible, high-quality distribution solutions. Weber Logistics is based in Santa Fe Springs, California.

Buy -
Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 662 of 695
Sector (Engineering) 2 of 2
Type (Special Situations/Distressed) 8 of 8
Country (Italy) 12 of 13
Year (2020) 18 of 20
Size (of disclosed) 131 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 Barbon Insurance Group

Croydon, United Kingdom

Barbon Insurance Group provides property insurance products and services to landlords, developers, tenants, letting agents, and brokers in the United Kingdom and internationally. Barbon Insurance Group was founded in 1995 and is base din Croydon, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Groupe Acrotec SA

Develier, Switzerland

Acrotec is an independent group created by micromechanics professionals. Its main objective is to be a reference subcontractor by offering a wide range of manufacturing processes for precision components. Its strategy is both to provide "Swiss Made" quality products to the entire watch industry as well as to the automotive, electronics, medical, jewelry, and aeronautics industries. Acrotec distinguishes itself by the extent of the know-how exercised under the same roof, in precision machining (CNC turning, CNC multispindle turning, cam-operated turning, 3 & 5 axis milling, micro-turning, transfer and machining of precious metals), by support processes (surface treatment, cutting, assembly, heat treatment, decoration, and laser engraving) and by specific processes (realization of components by UV-Liga, wire erosion/sinking, machining of synthetic stones, lamination, shaping of springs, the realization of machines and tools and engraving on silicon - DRIE). Acrotec is based in Develier, Switzerland.

Buy -