M&A Deal Summary

Advent International Acquires INNIO

On June 25, 2018, private equity firm Advent International acquired energy services and equipment company INNIO from General Electric for 3.3B USD

Acquisition Highlights
  • This is Advent International’s 4th transaction in the Energy Services and Equipment sector.
  • This is Advent International’s 8th largest (disclosed) transaction.
  • This is Advent International’s 2nd transaction in Austria.

M&A Deal Summary

Date 2018-06-25
Target INNIO
Sector Energy Services and Equipment
Buyer(s) Advent International
Sellers(s) General Electric
Deal Type Divestiture
Deal Value 3.3B USD

Target

INNIO

Jenbach, Austria
INNIO is a provider of gas engines, power equipment, a digital platform, and related services for power generation and gas compression at or near the point of use. INNIO was founded in 2018 and is based in Jenbach, Austria.

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Buyer(S) 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 264 of 340
Sector (Energy Services and Equipment) 4 of 4
Type (Divestiture) 21 of 37
Country (Austria) 2 of 2
Year (2018) 9 of 10
Size (of disclosed) 8 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-13 Deutsche Fachpflege

Herford, Germany

Deutsche Fachpflege is a provider of outpatient intensive care, individual care for patients and more than 50 residential groups nationwide, as well as an inpatient, non-profit institution for permanently rested children and young people. Deutsche Fachpflege is based in Herford, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-29 Mondo Minerals B.V.

Amsterdam, Netherlands

Mondo Minerals B.V. is a European talc performance minerals business produces and supplies high quality and innovative talc products for use in a diverse range of end-markets, including plastics, coatings and paints, technical ceramics, pharmaceuticals and paper.

Sell $600M

Seller(S) 1

SELLER

General Electric

Boston, Massachusetts, United States

Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 67.6B USD (2023)
DESCRIPTION

General Electric is a diversified technology and financial services corporation. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 37 of 45
Sector (Energy Services and Equipment) 2 of 4
Type (Divestiture) 30 of 38
Country (Austria) 1 of 1
Year (2018) 2 of 5
Size (of disclosed) 5 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-21 GE Transportation

Chicago, Illinois, United States

GE Transportation is a supplier of equipment, services and digital solutions to the rail, mining, marine, stationary power and drilling industries.

Sell $11.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 General Electric - Gasification Business & Technology

Fairfield, Connecticut, United States

General Electric Co. - Gasification Business & Technology owns and operates gasification projects around the world.

Sell -