M&A Deal Summary

BPE Acquires WENDT SIT KG

On June 27, 2007, private equity firm BPE acquired electrical equipment company WENDT SIT KG from 3i Private Equity for 100M EUR

Acquisition Highlights
  • This is BPE’s 2nd transaction in the Electrical Equipment sector.
  • This is BPE’s 0th largest (disclosed) transaction.
  • This is BPE’s 11th transaction in Germany.
Investment Fate
  • WENDT SIT KG was sold to a consortium of financial buyers in 2010.

M&A Deal Summary

Date 2007-06-27
Target WENDT SIT KG
Sector Electrical Equipment
Buyer(s) BPE
Sellers(s) 3i Private Equity
Deal Type Secondary Buyout
Deal Value 100M EUR

Target

WENDT SIT KG

Frankenthal, Germany
WENDT SIT GmbH & Co. KG provides sound proofing, technical insulation, and high temperature insulation solutions.

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Buyer(S) 1

Buyer

BPE

Hamburg, Germany

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 360M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BPE is a generalist private equity firm focused on acquiring small and medium-sized companies located in German speaking countries. Generally, BPE looks for situations allowing for control and seeks businesses with sales of €10 to €100 million. BPE's investment horizon is five to ten years. BPE was formed in 1998 and is based in Hamburg, Germany.


DEAL STATS #
Overall 11 of 28
Sector (Electrical Equipment) 2 of 3
Type (Secondary Buyout) 2 of 2
Country (Germany) 11 of 27
Year (2007) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 StrikoWestofen

Gummersbach, Germany

StrikoWestofen Beteiligungs GmbH manufactures metal foundry industry machinery.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-01 UTT Technische Textilien

Krumbach, Germany

UTT Technische Textilien GmbH & Co. is an experienced manufacturer of technical textiles with a multi-level, perfectly co-ordinated and complex production process ranging from manufacturing of warps to laser cutting.

Sell -

Seller(S) 1

SELLER

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1945
PE ASSETS 16.7B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


DEAL STATS #
Overall 73 of 194
Sector (Electrical Equipment) 2 of 4
Type (Secondary Buyout) 30 of 83
Country (Germany) 5 of 12
Year (2007) 15 of 26
Size (of disclosed) 51 of 78
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-19 Inspecta Group

Espoo, Finland

Inspecta Group is the provider of testing, inspection and certification (TIC) services in the Nordic region, with more than 1,000 staff across Sweden, Finland and the Baltic states.

Buy €243M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-12 Qmatic

Molndal, Sweden

Qmatic is a provider of electronic queue and customer flow management solutions (CJM). CJM helps bridge the gap between the online and physical world and helps clients deliver personal and friction-free experiences to their customers. Qmatic is at the forefront of the industry by designing customer journeys in the cloud, integrating queue management, appointment booking software, self-service kiosks, signage, and offering business intelligence. Qmatic was founded in 1981 and is based in Molndal, Sweden.

Sell -