M&A Deal Summary

3M Acquires Aearo Technologies

On November 15, 2007, 3M acquired safety/security company Aearo Technologies from Permira for 1.2B USD

Acquisition Highlights
  • This is 3M’s 2nd transaction in the Safety/Security sector.
  • This is 3M’s 5th largest (disclosed) transaction.
  • This is 3M’s 26th transaction in the United States.
  • This is 3M’s 1st transaction in Indiana.

M&A Deal Summary
Date 2007-11-15
Target Aearo Technologies
Sector Safety/Security
Buyer(s) 3M
Sellers(s) Permira
Deal Type Add-on Acquisition
Deal Value 1.2B USD

Target

Aearo Technologies

Indianapolis, Indiana, United States
Aearo is a global leader in the hearing, eye, face, head and respiratory protection segments of the global personal protection equipment market. Aearo manufactures and sells hearing protection devices, communication headsets, prescription and non-prescription safety eyewear, face shields, reusable and disposable respirators, fall protection equipment, hard hats and first aid kits in more than 70 countries.

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Buyer(S) 1

Buyer

3M

St Paul, Minnesota, United States
Category Company
Founded 1902
Sector Diversified
Employees92,000
Revenue 32.7B USD (2023)
DESCRIPTION
Entrance to 3M's corporate campus in St. Paul, Minnesota.
Entrance to 3M's corporate campus in St. Paul, Minnesota.

3M is a diversified manufacturing and technology company. The Company produces a variety of adhesives, abrasives, safety products, chemicals, and other goods for consumers and businesses. 3M was incorporated in 1902 and is based in St. Paul, Minnesota.

DEAL STATS #
Overall 38 of 81
Sector (Safety/Security) 2 of 3
Type (Add-on Acquisition) 34 of 70
State (Indiana) 1 of 1
Country (United States) 26 of 51
Year (2007) 18 of 18
Size (of disclosed) 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-06 Bondo

Atlanta, Georgia, United States

Bondo manufactures and markets automotive body repair, household repair and marine products under the Bondo, Mar-Hyde, Bondo Home Solutions, Dynatron, Marson, Laminex and Bondo Marine brand names. Its extensive product line has over seven hundred items including adhesive kits, body fillers and putties, fiberglass repair products, paint removers, rust convertors, plastic repair products, rivets, undercoatings, bumper and trim products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-01 Les Entreprises Solumed

Laval, Quebec, Canada

Les Entreprises Solumed Inc. is a Quebec-based developer and marketer of leading-edge medical products designed to prevent infections in operating rooms and hospitals.

Buy -

Seller(S) 1

SELLER

Permira

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.

DEAL STATS #
Overall 31 of 89
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 8 of 30
State (Indiana) 1 of 1
Country (United States) 2 of 19
Year (2007) 5 of 5
Size (of disclosed) 21 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-22 Arysta LifeScience

Chuo-Ku, Japan

Arysta LifeScience is an agrochemicals and pharmaceuticals company that produces a range of insecticides, fungicides and herbicides as well as a number of products for the healthcare and veterinary medicine markets. Arysta LifeScience was founded in 2001 and is based in Chuo-Ku, Japan.

Buy $2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-04 Intelsat

Luxembourg, Luxembourg

Intelsat is a provider of fixed satellite services worldwide, delivering advanced transmission access for information and entertainment to some of the world’s leading media and network companies, multi-national corporations, internet service providers and governmental agencies. Intelsat was formed in 1965 and is based in Luxembourg.

Sell €12.1B
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