M&A Deal Summary

AUCTUS Capital Partners Acquires Spig

On October 10, 2024, private equity firm AUCTUS Capital Partners acquired machinery company Spig from Babcock & Wilcox Enterprises

Acquisition Highlights
  • This is AUCTUS Capital Partners’ 6th transaction in the Machinery sector.
  • This is AUCTUS Capital Partners’ 6th transaction in Italy.

M&A Deal Summary

Date 2024-10-10
Target Spig
Sector Machinery
Buyer(s) AUCTUS Capital Partners
Sellers(s) Babcock & Wilcox Enterprises
Deal Type Divestiture

Target

Spig

Paruzzaro , Italy
Spig is an engineering and contracting company that operates globally in the closed-loop industrial cooling systems sector, including cooling towers (wet cooling), air-cooled condensers, and air coolers (dry cooling). Its cooling systems are installed in power plants, refineries, petrochemical plants, and other industrial plants where cooling is critical. Spig is based in Paruzzaro , Italy.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

AUCTUS Capital Partners

Munich, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 1.0B EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

AUCTUS Capital Partners AG targets small-cap and mid-market opportunities in German-speaking countries (primarily Germany, Switzerland and Austria). The Firm focuses on 'sustainable' companies operating in fragmented sectors with strong market positions and growth potential. AUCUTS generally looks to invest in companies valued between €10 and €100 million with revenues of €10 to €200 million. Areas of interest include healthcare, automotive, fine chemicals/pharma, IT/software, education, and business services. The Firm will consider a variety of transaction types including buy-and-build, MBOs, MBIs, and spin-offs/carve-outs. AUCTUS Capital Partners AG was formed in 2001 and is based in Munich.


DEAL STATS #
Overall 62 of 62
Sector: Machinery M&A 6 of 6
Type: Divestiture M&A Deals 4 of 4
Country: Italy M&A 6 of 6
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-20 Oxalis

Huddersfield , United Kingdom

Oxalis is a specialised logistics company with offices in Germany, the UK, Ireland and the Czech Republic. Its main business is the transport of fuel from depots/refineries to the surrounding petrol stations. In addition, Oxalis transports bitumen for road construction, (sustainable) fuels to airports and gases for industry. Oxalis is based in Huddersfield, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-01 SD Fiber

Dietikon, Switzerland

SD Fiber is an independent full-service provider in the construction of fiber optic networks (Fttx), covering the full value chain. Services offered include planning, civil engineering, cable laying, splicing, in-house installation of fiber optic networks etc. SD Fiber was founded in 2012 and is based in Dietikon, Switzerland.

Sell -

Seller(S) 1

SELLER

Babcock & Wilcox Enterprises

Akron, Ohio, United States

Category Company
Founded 1867
Sector Energy Services and Equipment
Employees1,900
Revenue 717M USD (2024)
DESCRIPTION

Babcock & Wilcox Enterprises is a provider of an advanced energy and environmental technologies and services for the power and industrial markets, with operations, subsidiaries and joint ventures worldwide. Babcock & Wilcox Enterprises was incorporated in 1867 and is based in Akron, Ohio.


DEAL STATS #
Overall 3 of 5
Sector: Machinery M&A 3 of 3
Type: Divestiture M&A Deals 3 of 4
Country: Italy M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 FPS

Dartmouth, Nova Scotia, Canada

FPS is a designer and manufacturer of hydrogen, natural gas, and renewable pulp and paper combustion equipment including ignitors, plant controls, and safety systems. FPS was founded in 1981 and is based in Dartmouth, Nova Scotia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-05 Babcock & Wilcox Enterprises - Diamond Power

Akron, Ohio, United States

Babcock & Wilcox Enterprises' Diamond Power offers boiler cleaning and monitoring solutions tailored for industrial and utility facilities. Babcock & Wilcox Enterprises' Diamond Power is based in Akron, Ohio.

Sell $177M