M&A Deal Summary

Ambienta and Omnes Capital Acquire Phoenix

On May 21, 2019, private equity firms Ambienta and Omnes Capital acquired metals/mining company Phoenix from Chequers Capital

Acquisition Highlights
  • This is Ambienta’s 1st and Omnes Capital’s 1st transaction in the Metals/Mining sector.
  • This is Ambienta’s 12th and Omnes Capital’s 5th transaction in Italy.

M&A Deal Summary

Date 2019-05-21
Target Phoenix
Sector Metals/Mining
Buyer(s) Ambienta
Omnes Capital
Sellers(s) Chequers Capital
Deal Type Secondary Buyout

Target

Phoenix

Verdello, Italy
Phoenix engages in design, manufacturing, and sale of aluminum extrusion dies for the construction, transportation, and industrial markets. The range of dies is distinguished by technology (flat and porthole), size (150 to 1,200 mm) and the complexity of the profile to be obtained. The die is produced according to the customers' specifications. Phoenix. was founded in 1972 and is based in Verdello, Italy.

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Buyer(S) 2

Buyer

Ambienta

Milan, Italy

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 3.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Ambienta is a pan-European middle-market investor focused on acquiring rapidly expanding companies capturing long-term environmental trends. The Firm will consider opportunities throughout Europe and looks to commit €30 to €100 million per transaction. Ambienta was formed in 2007 and is based in Milan, Italy.


DEAL STATS #
Overall 21 of 35
Sector: Metals/Mining M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 8
Country: Italy M&A 12 of 20
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-10 Next Imaging

Italy

Next Imaging is a distribution platform of imaging and machine vision solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-20 Safim

Modena, Italy

Safim S.p.A. is a manufacturer of highly engineered hydraulic braking system components used in a range of off-highway equipment applications. Safim was founded in 1977 and is based in Modena, Italy.

Sell -
Buyer

Omnes Capital

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 5.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Omnes Capital formerly known as Credit Agricole Private Equity (CAPE) is the investment arm of financial services group Credit Agricole. Omnes Capital looks to invest in a range of investment stages and transaction types, including LBO/expansion, venture capital, mezzanine, renewable energy, co-investment, infrastructure, and special situations. The Firm's LBO/expansion group looks to invest €25 to €80 million to support growth initiatives and buyouts of small and mid-cap businesses operating in a variety of industries. Omnes Capital generally invests in businesses operating in France and Italy. Omnes Capital's mezzanine area was formed in 2002 and looks to provide €5 to €30 million of junior capital to similar sized established businesses. In addition to Omnes Capital's traditional equity and subordinated debt investment arm, the Firm also invests in infrastructure projects as well as provides capital for distressed businesses with €10 to €150 million in revenue. Omnes Capital was formed in 2004 and is based in Paris.


DEAL STATS #
Overall 147 of 162
Sector: Metals/Mining M&A 1 of 1
Type: Secondary Buyout M&A Deals 27 of 27
Country: Italy M&A 5 of 6
Year: 2019 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-15 Spherea

Toulouse, France

Spherea designs, manufactures and supports automated test and measurement systems for critical electronic systems in aerospace, defence, energy, rail and other sectors. It provides full-lifecycle services, including test-bench design, maintenance, and system support to ensure reliability and operational availability. Spherea was founded in 1965 and is based in Toulouse, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 Intys Partners

Brussels, Belgium

Intys Partners is dedicated to improving its client’s operational performance by designing and executing operational tactics, accompanying companies from strategic vision to the implementation plan. It has recognized expertise in the healthcare, energy, industrials, and financial services sectors. Its 80 clients include leading companies and institutions in Belgium, Luxembourg, and France. Intys Partners was formed in 2007 and is based in Brussels, Belgium.

Buy -

Seller(S) 1

SELLER

Chequers Capital

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Chequers Capital is a private equity group focused on acquiring and developing small, medium, and large-sized companies in partnership with management. Chequers primarily seek opportunities in France, Germany, Italy, Benelux, Switzerland, and Spain. The Firm looks to commit €40 to €150 million per investment in transactions valued between €80 and €500 million. Sectors of interest broadly include all areas of industrial, distribution, and services. Target transaction situations include turnarounds, recapitalizations, buyouts, and divestitures. Chequers Capital was formed in 1972 and is based in Paris, France.


DEAL STATS #
Overall 17 of 25
Sector: Metals/Mining M&A 1 of 1
Type: Secondary Buyout M&A Deals 13 of 17
Country: Italy M&A 2 of 5
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 Thermocoax

Suresnes, France

Thermocoax is a manufacturer of customised thermal solutions and temperature measurement systems based on mineral insulated cable technology. Thermocoax was founded in 1957 and is based in Suresnes, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-06 MTA

Tribano, Italy

MTA is an Italian enterprise that has been manufacturing equipment for the treatment of compressed gases, industrial refrigeration, and air conditioning. MTA was formed in 1982 and is based in Tribano, Italy.

Buy -