M&A Deal Summary

Bayard Group Acquires Enermet Group Oy

On May 10, 2006, Bayard Group acquired energy services and equipment company Enermet Group Oy from IK Partners for 90M EUR

Acquisition Highlights
  • This is Bayard Group’s 1st transaction in the Energy Services and Equipment sector.
  • This is Bayard Group’s 2nd largest (disclosed) transaction.
  • This is Bayard Group’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2006-05-10
Target Enermet Group Oy
Sector Energy Services and Equipment
Buyer(s) Bayard Group
Sellers(s) IK Partners
Deal Type Add-on Acquisition
Deal Value 90M EUR

Target

Enermet Group Oy

Zug, Switzerland
Enermet Group is a suppliers of energy metering systems. The company develops, produces and markets comprehensive new generation systems for the metering of energy, the control of its use and the refinement and management of metering data. Enermet has branches in ten countries around the globe.

Search 214,239 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

Bayard Group

Australia

Category Company
Founded 2002
Sector Test/Measurement Equipment
DESCRIPTION

About Bayard Group Since its establishment in 2002, Bayard has committed over US$1 billion to the energy measurement and efficiency sector. Bayard's combined investments have an annual revenue base of approximately US$1.1 billion with operations in 30 countries, and include Landis+Gyr, the world's largest electricity metering company, and Hunt Technologies, the US-based AMR company. Bayard is dedicated to investing in smart metering and related energy efficiency businesses that can contribute to better environmental outcomes.


DEAL STATS #
Overall 2 of 3
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
Country: Switzerland M&A 1 of 1
Year: 2006 M&A 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-02 Hunt Technologies

Pequot Lakes, Minnesota, United States

Hunt Technologies, Inc. is a provider of a wide range of possibilities for utilities seeking AMI (advanced metering infrastructure) solutions. Hunt provides power line carrier and RF-technology for monitoring electric, water and gas meters.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-25 Cellnet Technology

Alpharetta, Georgia, United States

Cellnet is a provider of real-time automated meter reading and distribution automation solutions to the utility industry. The Company supplies gas, water, and electric utilities with highly reliable, field-proven products that enable them to communicate with residential, commercial, and industrial meters using wireless and IP network communications.

Buy $705M

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

IK Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The Firm looks to commit €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.


DEAL STATS #
Overall 36 of 122
Sector: Energy Services and Equipment M&A 1 of 2
Type: Add-on Acquisition M&A Deals 15 of 44
Country: Switzerland M&A 2 of 3
Year: 2006 M&A 2 of 6
Size (of disclosed) 21 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Sportgroup

Burgheim, Germany

Sportgroup is a manufacturer of artificial turf systems and synthetic floor coverings in the sport and leisure sector. Its comprehensive product range includes artificial turf, running tracks and polyurethane surfaces as well as components for sporting, industrial and leisure facilities. Sportgroup is based in Burgheim, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-15 Minimax

Bad Oldesloe, Germany

Minimax is one of the European suppliers of complete fire protection solutions. Minimax was founded in 1902 and is based in Bad Oldesloe, Germany.

Buy -