M&A Deal Summary

Amerigon Europe Acquires W.E.T. Automotive Systems AG

On October 30, 2013, Amerigon Europe acquired automotive company W.E.T. Automotive Systems AG from HgCapital and Indigo Capital

Acquisition Highlights
  • This is Amerigon Europe’s 1st transaction in the Automotive sector.
  • This is Amerigon Europe’s 1st transaction in Germany.

M&A Deal Summary

Date 2013-10-30
Target W.E.T. Automotive Systems AG
Sector Automotive
Buyer(s) Amerigon Europe
Sellers(s) HgCapital
Indigo Capital
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

W.E.T. Automotive Systems AG

Odelzhausen, Germany
W.E.T. operates worldwide as a developer, manufacturer and retailer of heating systems, interior equipment and accessories used in automobile seats and other automotive and electronic applications in the automotive industry.

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Buyer(S) 1

Buyer

Amerigon Europe

Augsburg, Germany

Category Company
Sector Business Services
DESCRIPTION

Amerigon Europe GmbH offers technical support services.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 2

SELLER

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.


DEAL STATS #
Overall 36 of 97
Sector: Automotive M&A 2 of 2
Type: Add-on Acquisition M&A Deals 18 of 47
Country: Germany M&A 7 of 20
Year: 2013 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-30 Epyx

Meriden, United Kingdom

Epyx is a private electronic marketplace serving the contract automobile hire & leasing market. Epyx operates over 50 buyer schemes and hosts 11,000+ registered suppliers. The Epyx trading environment enables both customers and suppliers in the contract automobile hire & leasing market to reduce costs and increase efficiency across multiple business processes.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-20 P&I

Wiesbaden, Germany

P&I is an internationally operating, full suite provider of cloud-based HR software solutions and a driver of innovation in HR technology. P&I’s scalable subscription-based platform exhibits characteristics that resonate with Hg Saturn’s core focus, with a broad, diversified and loyal customer base, and has delivered an exceptional historical operating performance. P&I was founded in 1968 and is based in Wiesbaden, Germany.

Buy -
SELLER

Indigo Capital

London, United Kingdom

Category Mezzanine Finance Firm
Founded 1990
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Indigo Capital is a provider of mezzanine capital to help fund buyouts, corporate acquisitions, expansions, and recapitalizations. Indigo typically invests alongside other private equity firms, however the Firm invests independently as well. Indigo is active throughout Europe and looks to commit €10 to €100 million per transaction. Indigo is sector agnostic and generally backs businesses with 'established market positions, strong, ambitious and incentivized management and attractive growth prospects.' Indigo Capital raised its first fund in 1990. The Firm has offices in London and Paris.


DEAL STATS #
Overall 28 of 41
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 9
Country: Germany M&A 6 of 6
Year: 2013 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-18 SMCP SAS

Paris, France

SMCP Group is a apparel retailing group, operating in the attractive affordable luxury apparel segment across four brands: Sandro, Sandro Men, Maje and Claudie Pierlot. SMCP Group developed a unique and effective business model: combining luxury codes (marketing & communication, shopping experience) with creative design content and high-quality fabrics while leveraging best practices from the fast fashion industry (short collection cycles and reactivity to market trends supported by an efficient supply chain).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-11 GTS Central Europe

Warszawa, Poland

GTS Central Europe is a provider of integrated telecommunications services in Central and Eastern Europe. The company has extensive network and data center infrastructure, as well as a strong portfolio of services focused on business customers.

Sell €546M