M&A Deal Summary

Continental Acquires Veyance Technologies

On February 10, 2014, Continental acquired machinery company Veyance Technologies from The Carlyle Group for 1.9B USD

Acquisition Highlights
  • This is Continental’s 1st transaction in the Machinery sector.
  • This is Continental’s largest (disclosed) transaction.
  • This is Continental’s 2nd transaction in the United States.
  • This is Continental’s 1st transaction in Ohio.

M&A Deal Summary
Date 2014-02-10
Target Veyance Technologies
Sector Machinery
Buyer(s) Continental
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition
Deal Value 1.9B USD

Target

Veyance Technologies

Fairlawn, Ohio, United States
Veyance Technologies, Inc. manufactures and sells Goodyear Engineered Products-branded industrial power transmission products; heavy-duty and lightweight conveyor belts; hydraulics; rubber track; and automotive and heavy-duty truck belts, hose, tensioners and air springs.

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Buyer(S) 1

Buyer

Continental

Hanover, Germany
Category Company
Founded 1871
Sector Manufacturing
Employees200,888
Revenue 41.4B EUR (2023)
DESCRIPTION

Continental will expand its global industrial business via a significant acquisition: The international automotive supplier, tire manufacturer and industrial partner headquartered in Hanover, Germany. Continental was founded in 1871 and is based in Hanover, Germany.

DEAL STATS #
Overall 7 of 21
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 2 of 12
State (Ohio) 1 of 1
Country (United States) 2 of 7
Year (2014) 1 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-18 Modi Tyres

India

Modi Tyres Co. Ltd. (MTCL) is a producer of bias and radial truck/bus tires.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-03 Zytek Automotive

Lichfield, United Kingdom

Zytek Automotive Ltd. is a supplier of automotive control systems, powertrain management, electric/hybrid-electric vehicles, and racing systems which encompass electronics and electronic gearshift systems.

Buy -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B 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 249 of 480
Sector (Machinery) 5 of 11
Type (Add-on Acquisition) 114 of 197
State (Ohio) 4 of 5
Country (United States) 157 of 259
Year (2014) 6 of 24
Size (of disclosed) 20 of 135
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-10 Cyberoam Technologies Pvt

Edison, New Jersey, United States

Cyberoam Technologies Pvt Ltd. is a provider of Network Security appliances company, offering future-ready security solutions to physical and virtual networks in organizations with its Next-Generation Firewalls and Unified Threat Management appliances.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-03 Bonotel Exclusive Travel

Las Vegas, Nevada, United States

Bonotel is an aggregator and wholesale distributor of both branded and boutique luxury hotel rooms to a longstanding base of international wholesale clients. The Company works with a network of more than 2,200 hotel partners and provides seamless electronic distribution to more than 1,500 international tour operators through the Company’s IT platform.

Buy -
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