Add-on Acquisition • Engineering

Continental Acquires Vulcanite

On July 1, 2016, Continental acquired engineering company Vulcanite from Allegro Funds

Acquisition Context
  • This is Continental’s 1st transaction in the Engineering sector.
  • This is Continental’s 1st transaction in Australia.

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M&A Deal Summary

Date July 1, 2016
Target Vulcanite
Sector Engineering
Buyer(s) Continental
Sellers(s) Allegro Funds
Deal Type Add-on Acquisition

Target Company

Vulcanite

Regents Park, Australia
Vulcanite is a leading rubber engineering business specialising in the design and manufacture of vibration-isolation parts that are used in the transport, defence, mining and construction sectors. Vulcanite was established in 1946 and is based in Regents Park, Australia.
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Buyer Overview 1

Buyer

Continental

Hanover, Germany

Category Company
Founded 1871
Sector Manufacturing
Employees182,629
Revenue 39.7B EUR (2024)
DESCRIPTION

Continental is a tire manufacturer and industry specialist that develops and produces sustainable, safe and convenient solutions for automotive manufacturers as well as industrial and end customers worldwide. Continental was founded in 1871 and is based in Hanover, Germany.


Deal Context for Buyer #
Overall 12 of 21
Sector: Engineering 1 of 1
Type: Add-on Acquisition 5 of 12
Country: Australia 1 of 1
Year: 2016 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-03 Advanced Scientific Concepts - ASCar Division

United States

Advanced Scientific Concepts, Inc. - ASCar Division is a producer of flash LIDARs at an affordable price to support the commercial automotive industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-06 Bandvulc Group

Ivybridge, United Kingdom

Bandvulc Group is a truck tyre retreading company.

Buy -

Seller Profile 1

SELLER

Allegro Funds

Sydney, Australia

Investor Investor Investor Investor Investor


Category Distressed Investor
Founded 2004
PE ASSETS 4.8B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Allegro Funds is an independent private equity firm focused on mid-sized investment opportunities in Australia and New Zealand. The Firm will consider investing in businesses needing capital for growth, management buyouts, as well as more complex turnarounds and restructurings. Allegro's target investment size is A$10 to A$100 million in transactions valued up to A$300 million. Allegro is a generalist investor, however the Firm will not invest in property development, agriculture, or mining/exploration. Allegro Funds was formed in 2004 and is based in Sydney.


Deal Context for Seller #
Overall 6 of 16
Sector: Engineering 1 of 1
Type: Add-on Acquisition 2 of 7
Country: Australia 4 of 13
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 CH2

Victoria, Australia

CH2 is an Australia’s healthcare service provider of healthcare products and services to healthcare organisations. CH2 is based in Victoria, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 Pizza Hut

New South Wales, Australia

Pizza Hut (Australia) is a pizza chain in the world with more than 12,000 pizza hut restaurants and delivery units operating worldwide. Pizza Hut (Australia) is based in New South Wales, Australia.

Buy -