M&A Deal Summary

Bain Capital Private Equity Acquires Ideal Standard

On July 23, 2007, private equity firm Bain Capital Private Equity acquired consumer products company Ideal Standard from Trane for 1.8B USD

Acquisition Highlights
  • This is Bain Capital Private Equity’s 2nd transaction in the Consumer Products sector.
  • This is Bain Capital Private Equity’s 36th largest (disclosed) transaction.
  • This is Bain Capital Private Equity’s 1st transaction in Belgium.
Investment Fate
  • Ideal Standard was sold to a consortium of financial buyers in 2018.
  • Ideal Standard was sold to a publicly-traded strategic buyer in 2023 for 600M EUR.

M&A Deal Summary

Date 2007-07-23
Target Ideal Standard
Sector Consumer Products
Buyer(s) Bain Capital Private Equity
Sellers(s) Trane
Deal Type Divestiture
Deal Value 1.8B USD
Advisor(s) Lehman Brothers, Inc. (Financial)
Kirkland & Ellis (Legal)

Target

Ideal Standard

Brussels, Belgium
Ideal Standard is an international manufacturer and marketer of kitchen and bath products. Ideal Standard was founded in 1901 and is based in Brussels, Belgium.

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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 62 of 236
Sector (Consumer Products) 2 of 13
Type (Divestiture) 15 of 37
Country (Belgium) 1 of 3
Year (2007) 8 of 11
Size (of disclosed) 36 of 72
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-19 SigmaKalon Group BV

Uithoorn, Netherlands

SigmaKalon is a global producer of architectural, protective, marine and industrial coatings, and a leading coatings supplier in many parts of Europe and other key national markets across the globe, with an increasing presence in Africa and Asia. SigmaKalon sells architectural coatings directly to professional painters via a network of service centers, and it maintains a network of approximately 500 company-owned stores and approximately 3,000 independent wholesalers that give it direct access to customers.

Sell €2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-31 Bavaria Yachtbau

Giebelstadt, Germany

Bavaria Yachtbau is a manufacturer of sailing yachts, motorboats and catamarans. Bavaria Yachtbau builds around 3,500 yachts per year. Bavaria Yachtbau was founded in 1978 and is based in Giebelstadt, Germany.

Buy €1.3B

Seller(S) 1

SELLER

Trane

Piscataway, New Jersey, United States

Category Company
Founded 1913
Sector Manufacturing
Employees29,600
Revenue 7.4B USD (2007)
DESCRIPTION

Trane is a provider of heating, ventilation and air conditioning (HVAC) systems; dehumidifying and air cleaning products. Trane also offers service and parts support; advanced building controls and financing solutions.


DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
Country (Belgium) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-13 Arctic

Brampton, Ontario, Canada

Arctic is a manufacturer of modular and high efficiency chillers that are utilized in commercial and industrial cooling applications in North America. Our products include modular chillers, magnetic bearing chillers, heat recovery chillers, critical duty chillers and modules, industrial process chillers and refrigeration systems, and optimized chiller-plant controllers. Arctic was founded in 1989 and is based in Brampton, Ontario.

Buy -