M&A Deal Summary

AGIC Capital and China National Chemical Acquire KraussMaffei

On January 11, 2016, private equity firm AGIC Capital and China National Chemical acquired machinery company KraussMaffei from Onex Partners for 925M EUR

Acquisition Highlights
  • This is AGIC Capital’s 1st and China National Chemical’s 1st transaction in the Machinery sector.
  • This is AGIC Capital’s 0th and China National Chemical’s largest (disclosed) transaction.
  • This is AGIC Capital’s 1st and China National Chemical’s 1st transaction in Germany.

M&A Deal Summary
Date 2016-01-11
Target KraussMaffei
Sector Machinery
Buyer(s) AGIC Capital
China National Chemical
Sellers(s) Onex Partners
Deal Type Secondary Buyout
Deal Value 925M EUR

Target

KraussMaffei

Parsdorf, Germany
KraussMaffei is a manufacturer of plastics and rubber processing machinery and the market leader in the production of injection molding machines. KraussMaffei originally consisted of four independent, market-leading brands: KraussMaffei, Netstal, Demag, and Berstorff. KraussMaffei is based in Parsdorf, Germany.

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Buyer(S) 2

Buyer

AGIC Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2015
PE ASSETS 2.2B USD
Size Large
Type Sector Focused
DESCRIPTION

AGIC Capital (aka Asia Germany Industrial Promotion Capital) is a private equity group focused on industrial and medical technology investments in Europe. The Firm's specific areas of interest include (1) intelligent production, (2) high-end systems and components, (3) advanced materials, (4) medical equipment, and (5) environmental protection technologies. AGIC Capital was formed in 2015 and has offices in Shanghai, Hong Kong, Beijing, London, and Munich.

DEAL STATS #
Overall 1 of 12
Sector (Machinery) 1 of 5
Type (Secondary Buyout) 1 of 6
Country (Germany) 1 of 2
Year (2016) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-13 Gimatic Srl

Roncadelle, Italy

Gimatic Srl is an end-of-arm tools manufacturer, providing a complete offering of pneumatic gripper solutions (grippers, actuators, linear guides and quick exchangers), mechatronic solutions, and various sensors for automation and grippers to the automotive, packaging, food and beverage, plastics, medical and pharmaceutical industries. Gimatic Srl is headquartered in Roncadelle, Italy.

Buy -
Buyer

China National Chemical

Beijing, China
Category Company
Founded 2004
Sector Chemicals
DESCRIPTION

ChemChina is a global chemicals company with production, R&D and marketing systems in 150 countries and regions. The company’s main businesses include materials science, life science, high-end manufacturing and basic chemicals. ChemChina is based in Beijing.

DEAL STATS #
Overall 2 of 3
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Germany) 1 of 1
Year (2016) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-20 Adisseo France SAS

Antony, France

Adisseo is a global leader in the processing of feed additives for the animal nutrition industry, dedicated to helping pre-mixers and animal feed manufacturers to improve their performance, guarantee their competitiveness and facilitate the use of additives.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-02 Syngenta AG

Basel, Switzerland

Syngenta is a global provider of chemicals and herbicides to enhance crop yields. Syngenta was formed in 1999 and is based in Basel, Switzerland.

Buy $43.0B

Seller(S) 1

SELLER

Onex Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 23.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Onex Partners is the private equity investment arm of Onex Corp., a Canadian based public investment and asset management firm that also invests in real estate and credit securities. Onex Partners targets investments in large companies, and ONCAP which invests in smaller middle-market companies. Both groups consider North American businesses in a wide range of industries with a special interest in aerospace, healthcare, and industrial companies. Prospective transaction situations include corporate carve-outs where the firm can leverage restructuring capabilities. Onex Corp. was established in 1984 and is based in Toronto with an additional office in New York City.

DEAL STATS #
Overall 20 of 36
Sector (Machinery) 2 of 2
Type (Secondary Buyout) 4 of 6
Country (Germany) 1 of 1
Year (2016) 1 of 2
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-10 Sitel Worldwide

Nashville, Tennessee, United States

Sitel Worldwide Corp. is a provider of fully integrated services that include customer care, technical support, sales programs, risk management, retention strategies, customer acquisition, back-office processing and collections and receivables.

Sell $830M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Jeld-Wen

Charlotte, North Carolina, United States

Jeld-Wen is a designer, producer and distributor of interior and exterior doors, wood, vinyl and aluminum windows and related products for use in the new construction and repair and remodeling of residential homes and non-residential buildings. Jeld-Wen was founded in 1960 and is based in Charlotte, North Carolina.

Sell -
Mergr

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