M&A Deal Summary

Advent International Acquires Laird Thermal Systems

On March 1, 2018, private equity firm Advent International acquired manufacturer Laird Thermal Systems for 1.0B GBP

Acquisition Highlights
  • This is Advent International’s 4th transaction in the Manufacturing sector.
  • This is Advent International’s 18th largest (disclosed) transaction.
  • This is Advent International’s 16th transaction in Germany.
Investment Fate
  • Laird Thermal Systems was sold to a consortium of financial buyers in 2021.

M&A Deal Summary

Date 2018-03-01
Target Laird Thermal Systems
Sector Manufacturing
Buyer(s) Advent International
Deal Type Going Private
Deal Value 1.0B GBP

Target

Laird Thermal Systems

Rosenheim, Germany
Laird Thermal Systems designs and manufactures high-performance, mission-critical active thermal management solutions, primarily for medical and life sciences end markets. Laird Thermal Systems is based in Rosenheim, Germany.

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Buyer(S) 1

Buyer

Advent International

Boston, Massachusetts, United States

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 260 of 341
Sector (Manufacturing) 4 of 5
Type (Going Private) 12 of 19
Country (Germany) 16 of 22
Year (2018) 5 of 11
Size (of disclosed) 18 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-07 FSG

Caxias do Sul, Brazil

FSG is one of the largest private higher education companies with operations in Bento Gonçalves, Farroupilha, and Ijuí. The company provides education to more than 10,000 undergraduate and graduate students. FSG was founded in 2003 and is based in Caxias do Sul, Brazil.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-30 Clearent

Creve Coeur, Missouri, United States

Clearent is a provider of full-service, payment solutions that leverages its proprietary payments platform to make doing business easier and more profitable for its sales partners. Clearent was founded in 2005 and is based in Creve Coeur, Missouri.

Buy -