M&A Deal Summary

Cathay Capital Private Equity and Sage Capital Acquire Innovative Motion Technologies

On December 1, 2016, private equity firms Cathay Capital Private Equity and Sage Capital acquired electrical equipment company Innovative Motion Technologies

Acquisition Highlights
  • This is Cathay Capital Private Equity’s 3rd and Sage Capital’s 1st transaction in the Electrical Equipment sector.
  • This is Cathay Capital Private Equity’s 4th and Sage Capital’s 8th transaction in the United States.
  • This is Cathay Capital Private Equity’s 1st and Sage Capital’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2016-12-01
Target Innovative Motion Technologies
Sector Electrical Equipment
Buyer(s) Cathay Capital Private Equity
Sage Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Innovative Motion Technologies

Germantown, Wisconsin, United States
Innovative Motion Technologies is a global industrial technology platform and designer and supplier of unique interface and control solutions across a diversified set of OEM and aftermarket applications. The Company operates under two brands, Raffel Systems and Micro-Air. Each is well known and highly respected in their markets. Raffel Systems focuses on electro-mechanical controls for residential, healthcare, industrial, cinema, and hospitality markets. Micro-Air focuses on environmental controls for residential, recreational vehicles, HVAC, and marine applications. Innovative Motion Technologies is based in Germantown, Wisconsin.

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Buyer(S) 2

Buyer

Cathay Capital Private Equity

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cathay Capital Private Equity SAS is a French Chinese private equity firm focused on acquiring businesses in France, Hong Kong, and China. Cathay looks to help Western companies leverage opportunities in China and help Chinese companies leverage Western best practices and partnerships. The Firm looks to invest in businesses generating €5 to €150 million in revenues. Areas of interest include retail, consumer goods, electrical equipment, medical devices, pharmaceuticals, animal healthcare, translation, food, consumer services, and software. Cathay Capital Private Equity SAS was formed in 2007 and is based in Paris. The firm has additional offices in New York and Shanghai.

DEAL STATS #
Overall 45 of 100
Sector (Electrical Equipment) 3 of 5
Type (Buyout (LBO, MBO, MBI)) 13 of 21
State (Wisconsin) 1 of 1
Country (United States) 4 of 11
Year (2016) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-04 Havea

Montaigu, France

Havea is a manufacturer of natural healthcare and cosmetics products ranging from functional and natural food supplements (for stress control, energy and memory boosters, sleeping aids etc.) to natural cosmetics and hygiene products for babies and women. It owns several well-known brands, including Biolane, Yves Ponroy, Vitarmonyl, Manhae, Lecitone, Force G, Ultrabiotique, and Naturé Moi. Havea was founded in 1975 and is based in Montaigu, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-21 Aihuishou

Shanghai, China

Aihuishou is an online retailer of electronic products like mobile phones and other 3C products. Aihuishou is based in Shanghai, China.

Buy -
Buyer

Sage Capital

St. Louis, Missouri, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Sage Capital is a private equity firm that provides equity capital to established lower middle-market businesses located throughout North America. Sage looks for companies with EBITDA between $2 and $7 million and typically commits $2 to $15 million per transaction. Businesses of interest include value-added manufacturers, recurring-revenue service businesses, and distribution companies. Sage Capital will not invest in start-ups. Sage Capital was formed in 2004 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 8 of 12
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 6 of 9
State (Wisconsin) 1 of 1
Country (United States) 8 of 12
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-01 Bulk Tank

Park Hills, Missouri, United States

Bulk Tank is a specializing in the manufacture of innovative parts for the pneumatic tank trailer industry. Bulk Tank is based in Park Hills, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-13 Randall Manufacturing

Elmhurst, Illinois, United States

Randall Manufacturing LLC is a manufacturer of insulated products, used to control temperature in refrigerated vehicles and refrigerated warehouses, as well as metal ramps used in the transportation of food products. The company sells its products to customers engaged in food distribution, transportation, refrigerated food storage, food retailing, institutional food service, restaurant chains and trailer manufacturing.

Sell -
Mergr

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