M&A Deal Summary

Avenue Capital Group Acquires Selcom Elettronica

On May 5, 2017, asset manager Avenue Capital Group acquired electronics company Selcom Elettronica

Acquisition Highlights
  • This is Avenue Capital Group’s 1st transaction in the Electronics sector.
  • This is Avenue Capital Group’s 1st transaction in Italy.

M&A Deal Summary

Date 2017-05-05
Target Selcom Elettronica
Sector Electronics
Buyer(s) Avenue Capital Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Selcom Elettronica

Bologna, Italy
Selcom Elettronica is an Italian company in the engineering, industrialisation and production of electronic components for all types of applications (automotive, telecommunication, industrial automation). Selcom Elettronica was founded in 1979 and is based in Bologna, Italy.

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Buyer(S) 1

Buyer

Avenue Capital Group

New York, New York, United States

Category Asset Manager
Founded 1995
PE ASSETS 11.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Avenue Capital Group is a private investment firm focused on acquiring a range of public and private securities. Avenue will consider opportunities throughout the US, Europe, and Asia and generally targets distressed assets, including businesses undergoing turnarounds, bankruptcy, reorganizations, and liquidations. Avenue was formed in 1995 and is based in New York City.


DEAL STATS #
Overall 8 of 9
Sector (Electronics) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
Country (Italy) 1 of 1
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-16 OAG

Luton, United Kingdom

OAG is a major flight information company that provides accurate, timely and actionable digital information and applications to the world’s airlines, airports, government agencies and travel-related service companies. OAG was founded in 1929 and is based in Luton, United Kingdom

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-23 Castlehaven Finance

Dublin, Ireland

Castlehaven Finance is a provider of development and bridging finance for residential projects in Ireland. The company has lent more than €584.4 million across multiple sites, facilitating the construction of more than 3,500 residential units. The company offers the highest level of industry knowledge and decisive, reliable loan opportunities. Castlehaven Finance was formed in 2014 and is based in Dublin, Ireland.

Buy €250M