M&A Deal Summary

Bain Capital Private Equity Acquires Eleda

On December 13, 2023, private equity firm Bain Capital Private Equity acquired engineering company Eleda from Altor Equity Partners

Acquisition Highlights
  • This is Bain Capital Private Equity’s 2nd transaction in the Engineering sector.
  • This is Bain Capital Private Equity’s 3rd transaction in Sweden.

M&A Deal Summary

Date 2023-12-13
Target Eleda
Sector Engineering
Buyer(s) Bain Capital Private Equity
Sellers(s) Altor Equity Partners
Deal Type Secondary Buyout

Target

Eleda

Stockholm, Sweden
Eleda is an expansive group focusing small to medium-sized civil engineering and transmission infrastructure projects and services across a wide range of sectors including waterworks, road works, energy works, and data centers. The group currently includes Akeab, KEWAB, Mark & Energibyggarna, and Salboheds Bygg & Anläggningstjänster. Eleda was founded in 2017 and is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 227 of 236
Sector (Engineering) 2 of 2
Type (Secondary Buyout) 63 of 65
Country (Sweden) 3 of 3
Year (2023) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-08 Out-sourcing

Tokyo, Japan

Out-sourcing is a provider of outsourcing services, general worker dispatching and employment placement business. Out-sourcing was founded in 1997 and is based in Tokyo, Japan.

Buy $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-20 GuideOne

West Des Moines, Iowa, United States

GuideOne operates as an independent mutual insurance company provides property and liability insurance and risk management solution. GuideOne is based in West Des Moines, Iowa.

Buy -

Seller(S) 1

SELLER

Altor Equity Partners

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 8.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 41 of 43
Sector (Engineering) 1 of 1
Type (Secondary Buyout) 12 of 12
Country (Sweden) 15 of 16
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-17 VTU

Grambach, Germany

VTU Group companies plan and supplies systems for the process industry, especially for the life sciences, pharmaceuticals, biotechnology, chemicals, metallurgy and oil & gas sectors. Its customers include renowned international groups such as Novartis, Evonik, and Boehringer Ingelheim. VTU was formed in 1990 and is based in Grambach, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 Permascand

Ljungaverk, Sweden

Permascand is an engineering and manufacturing company across the business areas of electrochemical process technology, water treatment systems and welded equipment & components. Permascand was founded in 1971 and is based in Ljungaverk, Sweden.

Buy -