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.

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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) 6 of 6
Type (Divestiture) 4 of 4
Country (Italy) 6 of 6
Year (2024) 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 -

Seller(S) 1

SELLER

Babcock & Wilcox Enterprises

Akron, Ohio, United States
Category Company
Founded 1867
Sector Energy Services and Equipment
Employees2,200
Revenue 999M USD (2023)
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 3
Sector (Machinery) 3 of 3
Type (Divestiture) 3 of 3
Country (Italy) 1 of 1
Year (2024) 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 -
Mergr

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