M&A Deal Summary

CK Infrastructure Acquires ista International

On July 27, 2017, CK Infrastructure acquired test/measurement equipment company ista International from Charterhouse Capital Partners, CVC Capital Partners and HarbourVest Partners

Acquisition Highlights
  • This is CK Infrastructure’s 1st transaction in the Test/Measurement Equipment sector.
  • This is CK Infrastructure’s 1st transaction in Germany.

M&A Deal Summary

Date 2017-07-27
Target ista International
Sector Test/Measurement Equipment
Buyer(s) CK Infrastructure
Sellers(s) Charterhouse Capital Partners
CVC Capital Partners
HarbourVest Partners
Deal Type Add-on Acquisition

Target

ista International

Essen, Germany
ista International GmbH sells a range of meter hardware and also provides a comprehensive package of related services such as meter installation, meter reading, billing, data processing, and maintenance. ista International GmbH was formed in 1999 and is based in Essen, Germany.

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Buyer(S) 1

Buyer

CK Infrastructure

Hong Kong, China

Category Company
Founded 1996
Sector Infrastructure
Employees2,277
Revenue 5.0B HKD (2024)
DESCRIPTION

CK Infrastructure is a global infrastructure company that aims to make the world a better place through a variety of infrastructure investments and developments in different parts of the world. CK Infrastructure was founded in 1996 and is based in Hong Kong, China.


DEAL STATS #
Overall 22 of 22
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 7
Country: Germany M&A 1 of 1
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-16 Duet Group

Sydney, Australia

DUET Group is an owner and operator of energy utility assets predominately in Australia, and also in the United States, the United Kingdom, and Europe. DUET Group was formed in 2002 and is based in Sydney, Australia.

Buy AU$7.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-06 Park N Fly

Atlanta, Georgia, United States

Park'N Fly is the sole off-airport parking provider that offers valet car park services for business and leisure travelers as well as provides 24-hour shuttle transportation services to ensure fast and easy transfer between the airport and car drop-off/pick-up area. Park 'N Fly was founded in 1967 and is based in Atlanta, Georgia.

Sell -

Seller(S) 3

SELLER

Charterhouse Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1934
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Charterhouse Capital Partners is a large private equity firm specializing in buyouts of European industrial and commercial service companies. The Firm primarily seeks opportunities in Western Europe and the UK. Charterhouse focuses on profitable companies led by experienced management valued from €200 million to €1.5 billion. Specific areas of interest include business services, chemicals, engineering, leisure, transport and logistics. Charterhouse Capital Partners was formed in 1934 and is based in London.


DEAL STATS #
Overall 25 of 35
Sector: Test/Measurement Equipment M&A 1 of 2
Type: Add-on Acquisition M&A Deals 6 of 8
Country: Germany M&A 1 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-09 SERB Pharmaceuticals

Luxembourg, Luxembourg

SERB Pharmaceuticals is an independent niche specialty pharma company focused on niche branded prescription medicines. The company has a strong focus on therapeutic areas such as critical and emergency care, neurology, diagnostics and endocrinology. SERB Pharmaceuticals was founded in 1951 and is based in Luxembourg.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-26 SLR Consulting

Buckinghamshire, United Kingdom

SLR Consulting is a provider of environmental consultancy services to public and private sector clients. SLR Consulting was founded in 1994 and is based in Buckinghamshire, United Kingdom.

Buy -
SELLER

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 133 of 181
Sector: Test/Measurement Equipment M&A 3 of 3
Type: Add-on Acquisition M&A Deals 47 of 69
Country: Germany M&A 8 of 8
Year: 2017 M&A 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-18 Praesidiad

Birmingham, United Kingdom

Praesidiad is a producer of force protection solutions, integrated perimeter security systems, and industrial mesh production and fencing products. Praesidiad is based in Birmingham, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-03 Paysafe

Hamilton, Bermuda

Paysafe is an integrated payments platform that enables businesses and consumers to connect and transact seamlessly through capabilities in payment processing, digital wallet, and online cash solutions. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics, and the convergence between brick-and-mortar and online payments.

Buy $3.9B
SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 147.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 86 of 150
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 34 of 62
Country: Germany M&A 4 of 7
Year: 2017 M&A 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-21 Klarna

Stockholm, Sweden

Klarna offers safe and easy-to-use payment solutions to e-stores in Europe with the ambition to make e-commerce safer, simpler and more fun. At the core of Klarna's services is the concept of after delivery payment, which lets buyers receive ordered goods before any payment is due. At the same time, Klarna assumes all credit and fraud risk for e-stores so that sellers can rest assured that they will always receive their money. Klarna was founded in 2005 and is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-15 Peloton

Calgary, Alberta, Canada

Peloton is a provider of well data software solutions to the oil and gas industry. Peloton’s software helps oil and gas companies focus their operations and improve their strategic decision-making through better data management during the entire lifecycle of a well, including drilling, well operations, and production. Peloton was founded in 1991 and is based in Calgary, Alberta.

Buy -