M&A Deal Summary

The Carlyle Group and BC Partners Acquire Accudyne Industries

On July 25, 2012, private equity firms The Carlyle Group and BC Partners acquired machinery company Accudyne Industries from Raytheon Technologies for 3.5B USD

Acquisition Highlights
  • This is The Carlyle Group’s 10th and BC Partners’ 2nd transaction in the Machinery sector.
  • This is The Carlyle Group’s 23rd and BC Partners’ 9th largest (disclosed) transaction.
  • This is The Carlyle Group’s 4th and BC Partners’ 2nd transaction in Luxembourg.

M&A Deal Summary
Date 2012-07-25
Target Accudyne Industries
Sector Machinery
Buyer(s) The Carlyle Group
BC Partners
Sellers(s) Raytheon Technologies
Deal Type Divestiture
Deal Value 3.5B USD

Target

Accudyne Industries

Neuve, Luxembourg
Accudyne Industries is a global provider of precision-engineered, process-critical and technologically advanced flow control equipment, systems and high efficiency industrial compressors that deliver consistently high performance and give confidence to customers in the critical industries and serve environments around the world. Accudyne is powered by approximately 2,000 employees at 10 manufacturing facilities, supporting a broad range of customers in more than 150 countries.

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Buyer(S) 2

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 439 of 729
Sector (Machinery) 10 of 20
Type (Divestiture) 38 of 72
Country (Luxembourg) 4 of 5
Year (2012) 17 of 37
Size (of disclosed) 23 of 135
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-11 Cyient

Hyderabad, India

Cyient provides leading-edge engineering solutions, including product development and life-cycle support, process, network and content engineering to major organizations worldwide. Cyient was founded in 1991 and is based in Hyderabad, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 ArtGo Holdings

Shanghai, China

ArtGo Holdings covers marble quarrying, fabrication, sales and mining investment. ArtGo Holdings was incorporated in 2009 and is based in Shanghai, China.

Buy -
Buyer

BC Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 17.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

BC Partners is a mega private equity firm that invests in high quality businesses with leading market positions. BC does not specialize in any particular sector and makes only a select number of investments per year (3 in 2008, 2 in 2007, 3 in 2006). Sectors of interest include healthcare, directory publishing, media, industrial products, food, distribution, manufacturing, consumer services, business services, and communications. BC Partners was formed in 1986 and has offices in London, Paris, Hamburg, and New York.

DEAL STATS #
Overall 49 of 96
Sector (Machinery) 2 of 4
Type (Divestiture) 4 of 9
Country (Luxembourg) 2 of 2
Year (2012) 2 of 4
Size (of disclosed) 9 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-19 Suddenlink

St. Louis, Missouri, United States

Suddenlink is a major U.S. cable broadband provider, supporting the information, communication and entertainment demands of approximately 1.3 million customers in North Carolina, West Virginia, Missouri, Arkansas, Louisiana, Texas, Oklahoma and California. Suddenlink was formed in 2003 and is based in St. Louis, Missouri.

Buy $6.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-06 Aenova Holding

Pahl, Germany

Aenova Holding GmbH is a provider in the development, manufacture and marketing of pharmaceuticals and dietary supplements for a broad range of customers in the pharmaceuticals and healthcare sector.

Buy €480M

Seller(S) 1

SELLER

Raytheon Technologies

Waltham, Connecticut, United States
Category Company
Sector Diversified
Employees181,000
Revenue 56.6B USD (2020)
DESCRIPTION

Raytheon Technologies is a diversified producer of high technology products and services to the building systems and aerospace industries worldwide. The Company's business segments include Pratt & Whitney, UTC Aerospace Systems, and Raytheon which serve commercial and government customers in both the original equipment and aftermarket parts and services markets of the aerospace industry. Pratt & Whitney also provides products to certain industrial markets. Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects and mission support for customers in more than 80 countries.

DEAL STATS #
Overall 3 of 18
Sector (Machinery) 1 of 5
Type (Divestiture) 3 of 16
Country (Luxembourg) 1 of 1
Year (2012) 2 of 4
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-02 Red Hawk Fire & Security

Boca Raton, Florida, United States

Red Hawk Fire & Security LLC is a provider of fire safety and integrated security installation, maintenance and monitoring services. Red Hawk Fire & Security was founded in 1999 and is based in Boca Raton, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-08 Clipper Windpower

Cedar Rapids, Iowa, United States

Clipper Windpower is a wind energy technology, turbine manufacturing and wind project development company. Clipper Windpower was founded in 2001 and is based in Cedar Rapids, Iowa.

Sell -
Mergr

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