M&A Deal Summary

Atlas Copco Acquires Edwards Group

On August 19, 2013, Atlas Copco acquired electronics company Edwards Group from Unitas Capital and CCMP Capital for 1.6B USD

Acquisition Highlights
  • This is Atlas Copco’s 1st transaction in the Electronics sector.
  • This is Atlas Copco’s largest (disclosed) transaction.
  • This is Atlas Copco’s 7th transaction in the United Kingdom.

M&A Deal Summary

Date 2013-08-19
Target Edwards Group
Sector Electronics
Buyer(s) Atlas Copco
Sellers(s) Unitas Capital
CCMP Capital
Deal Type Add-on Acquisition
Deal Value 1.6B USD
Advisor(s) Barclays Investment Bank
Lazard Ltd. (Financial)
Davis Polk & Wardwell
Weil Gotshal & Manges
Maples Group (Legal)

Target

Edwards Group

Crawley, United Kingdom
Edwards is a leading supplier of integrated solutions for the manufacture of microelectronics devices, including semiconductors and flat panel displays. It is also a world leader in vacuum technology for industrial, scientific, process, and R&D applications. Edwards employs around 4,000 people globally, in the design, manufacture and support of high technology vacuum equipment.

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Buyer(S) 1

Buyer

Atlas Copco

Nacka, Sweden

Category Company
Founded 1873
Sector Machinery
Employees53,728
Revenue 172.7B SEK (2023)
DESCRIPTION
Entrance to an Atlas Copco facility in Rock Hill, South Carolina.
Entrance to an Atlas Copco facility in Rock Hill, South Carolina.

Atlas Copco is a diversified industrial group. The Company is a manufacturer of compressors, expanders and air treatment systems, construction and mining equipment, power tools, and assembly systems. Atlas Copco was founded in 1873 and is based in Nacka, Sweden.


DEAL STATS #
Overall 68 of 176
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 52 of 142
Country (United Kingdom) 7 of 14
Year (2013) 4 of 7
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-02 Saltus-Werk Max Forst

Solingen, Germany

Saltus-Werk Max Forst GmbH is a manufacturer and marketer of wide range of products for quality assurance in tightening, including mechanical, mechatronic and electronic wrenches as well as special sockets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-20 Synatec

Leinfelden-Echterdingen, Germany

Synatec GmbH is a provider of products and solutions to improve flexibility and quality for manufacturing companies’ workplace operations, operator guidance, as well as data collection and analysis. Synatec GmbH specializing in process data collection and analyzing, as well as quality assurance and manufacturing of industrial PCs and operator devices.

Buy -

Seller(S) 2

SELLER

Unitas Capital

Hong Kong, China

Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Unitas Capital is a private equity firm focused on buyouts and growth capital investments in medium-to-large sized businesses across Asia. Unitas targets opportunities throughout Australia & New Zealand, Greater China, Korea, Japan and Singapore. Areas of interest include branded consumer, retail and industrial manufacturing/services. Unitas dates back to 1999 (when it was part of and known as J.P. Morgan Partners Asia) and has offices in Hong Kong and Shanghai.


DEAL STATS #
Overall 13 of 13
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 6 of 6
Country (United Kingdom) 1 of 1
Year (2013) 3 of 3
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-08 Exego Group Pty

Mulgrave, Australia

Exego Group is Australasia's leading provider of automotive aftermarket parts and accessories, servicing both trade and retail customers through a network of 435 stores across Australia and New Zealand. The Company operates through 4 divisions: Repco Australia/Repco NZ (aftermarket resellers); Ashdown Ingram (specialist supplier of auto electrical & thermal products); McLeod Accessories (motorcycle accessories) and Motospecs (specialty products).

Sell $800M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-06 Jiahao Foodstuff

Zhongshan, China

Jiahao Foodstuff Co., Ltd. is a chicken bouillon company. Jiahao sells various condiment products under the brands “Jinba”, “Jiahao”, and “Zhanwan”, primarily to the restaurant channel.

Buy -
SELLER

CCMP Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 18.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

CCMP Capital is a large private equity firm focused on buyout and growth equity valued up to $2 billion. Sectors of interest include consumer, retail, and services (specialty retail, direct marketing, consumer packaged goods); media/telecom (consumer and trade publishing, content and programming, broadcasting, cable, wireless and wire line communications ); industrial (chemicals, manufacturing, distribution, automotive); energy (exploration and production, power generation, renewable energy, services); and healthcare (services, pharmaceuticals, medical devices). The Firm's target investment size is $100 to $500 million. CCMP Capital Advisors was formed in 1984 and was spun off in 2006 from JP Morgan Chase. The Firm is based in New York City.


DEAL STATS #
Overall 60 of 78
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 19 of 22
Country (United Kingdom) 5 of 6
Year (2013) 2 of 4
Size (of disclosed) 10 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-20 Warner Chilcott

Ardee, Ireland

Warner Chilcott is a global specialty pharmaceutical company currently focused on the gastroenterology, women's healthcare, dermatology and urology segments of the North American and Western European pharmaceuticals markets.

Sell $8.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 MetoKote

Lima, Ohio, United States

MetoKote provides environmentally sound and cost-effective coating solutions including equipment, coating application, and related management and support services to a wide variety of industries such as agriculture, appliance, automotive, computer, construction equipment, electrical, furniture, industrial equipment, recreational, and truck and bus.

Sell -