M&A Deal Summary

Advent Partners Acquires The TESA Group Pty.

On November 1, 2004, private equity firm Advent Partners acquired engineering company The TESA Group Pty.

Acquisition Highlights
  • This is Advent Partners’ 1st transaction in the Engineering sector.
  • This is Advent Partners’ 6th transaction in Australia.
Investment Fate
  • The TESA Group Pty. was sold to a strategic buyer in 2006.

M&A Deal Summary

Date 2004-11-01
Target The TESA Group Pty.
Sector Engineering
Buyer(s) Advent Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

The TESA Group Pty.

Broadmeadow, Australia
The TESA Group Pty. Ltd. offers placements for various positions, including labors, technical professional personnel and provides temporary and permanent placement services.

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Buyer(S) 1

Buyer

Advent Partners

Melbourne, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 700M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Advent Private Capital is an Australian private equity firm focused on investing in privately owned, growing businesses, with strong management and sustainable competitive advantages. Advent looks to invest in businesses valued between $15 and $100 million AUS with operating profits of at least $4 million. Advent considers itself a generalist private equity firm with an expansive industry focus, however, the Firm has a history of targeting manufacturing and service-based businesses. Advent will not invest in property development, resources, primary production, listed companies, start-ups or early-stage transactions. Advent was formed in 1984 and is based in Melbourne.


DEAL STATS #
Overall 6 of 28
Sector: Engineering M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 10
Country: Australia M&A 6 of 25
Year: 2004 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-01 ACIL Australia Pty

Hawthorn, Australia

ACIL Australia Pty Ltd. is an independent providers of international development consultancy, advisory and project management services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-27 ACIL Australia Pty

Hawthorn, Australia

ACIL Australia Pty Ltd. is an independent providers of international development consultancy, advisory and project management services.

Sell $35M