M&A Deal Summary

The Blackstone Group Acquires Seves Group

On June 6, 2024, private equity firm The Blackstone Group acquired manufacturer Seves Group from Triton Partners

Acquisition Highlights
  • This is The Blackstone Group’s 3rd transaction in the Manufacturing sector.
  • This is The Blackstone Group’s 4th transaction in Italy.

M&A Deal Summary

Date 2024-06-06
Target Seves Group
Sector Manufacturing
Buyer(s) The Blackstone Group
Sellers(s) Triton Partners
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)

Target

Seves Group

Tour Egée, Italy
Seves Group manufactures glass and composite insulators for high and medium power transmission and distribution systems, as well as glass blocks for architectural and interior design applications. Seves Group is based in Firenze, Italy.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 326 of 334
Sector (Manufacturing) 3 of 3
Type (Secondary Buyout) 76 of 80
Country (Italy) 4 of 4
Year (2024) 7 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-16 Priority

Rosh Haayin, Israel

Priority is a fully-integrated, comprehensive ERP software solution serving a wide spectrum of industries and organizations, including multi-national and multi-lingual corporations. Its main modules include: finance, manufacturing, logistics, human resources, time and attendance, payroll, business intelligence, project management and customer service and support. Priority was founded in 1986 and is based in Rosh Haayin, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 RG Barry Bands

Pickerington, Ohio, United States

RG Barry Bands is a provider of accessories brands and fashionable, solution-oriented products that make life better. RG Barry Brands include Dearfoams slippers, baggallini handbags, totes, travel accessories, and Foot Petals premium insoles and comfort products. RG Barry Bands was founded in 1947 and is based in Pickerington, Ohio.

Sell -

Seller(S) 1

SELLER

Triton Partners

Frankfurt, Germany

Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 15.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Triton Partners is an investment firm focused on investing in medium-size companies headquartered in Western and Northern Europe. This includes businesses in Germany, Switzerland, Austria, Denmark, Finland, Norway, and Sweden. Triton generally pursues market leading companies with the potential for change, as well as growth opportunities through operational improvements. Sectors of interest include business services, consumer products, consumer services, healthcare, and industrials. Triton Partners was formed in 1997 and is based in Frankfurt, Germany.


DEAL STATS #
Overall 49 of 49
Sector (Manufacturing) 5 of 5
Type (Secondary Buyout) 11 of 11
Country (Italy) 1 of 1
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-07 RENK

Augsburg, Germany

RENK is a manufacturer of special gear units and transmissions for tracked vehicles, industrial applications, and the shipbuilding industry, as well as components for propulsion technology and test systems, supplying customers all over the world. RENK was founded in 1873 and is based in Augsburg, Germany.

Sell -