M&A Deal Summary

Coopers Industries Acquires Martek Power

On July 28, 2011, Coopers Industries acquired electrical equipment company Martek Power from Equistone and Ardian for 130M EUR

Acquisition Highlights
  • This is Coopers Industries’ 1st transaction in the Electrical Equipment sector.
  • This is Coopers Industries’ 0th largest (disclosed) transaction.
  • This is Coopers Industries’ 1st transaction in the United States.
  • This is Coopers Industries’ 1st transaction in California.

M&A Deal Summary

Date 2011-07-28
Target Martek Power
Sector Electrical Equipment
Buyer(s) Coopers Industries
Sellers(s) Equistone
Ardian
Deal Type Add-on Acquisition
Deal Value 130M EUR

Target

Martek Power

Torrance, California, United States
Martek Power is today one of the world's leaders in the power conversion industry. With over 40 years of experience, Martek Power possesses a unique expertise in the design and production of power conversion products for high technological aeronautical, defence, medical, telecom and railway industries.

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Buyer(S) 1

Buyer

Coopers Industries

Houston, Texas, United States

Category Company
Sector Manufacturing
DESCRIPTION

Cooper Industries, Inc. manufactures electrical products, and tools and hardware.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 2

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 101 of 206
Sector: Electrical Equipment M&A 5 of 10
Type: Add-on Acquisition M&A Deals 34 of 70
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2011 M&A 9 of 12
Size (of disclosed) 31 of 59
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-21 Jack Wolfskin

Idstein, Germany

Jack Wolfskin offers functional outdoor clothing, footwear, and equipment in Europe and is the largest franchisor in the German specialist sports retail market. Jack Wolfskin was formed in 1981 and is based in Idstein, Germany.

Sell €700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 IN tIME

Hanover, Germany

IN tIME is a provider of time-critical express and courier services and has a leading market position in its segment in the European market. In Germany, the company offers its mostly industrial customers a guaranteed pickup of consignments up to 2,400 kg within 60 minutes and within 3 hours in the rest of Europe.

Buy -
SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 42 of 247
Sector: Electrical Equipment M&A 3 of 4
Type: Add-on Acquisition M&A Deals 12 of 63
State: California M&A 1 of 2
Country: United States M&A 5 of 29
Year: 2011 M&A 14 of 18
Size (of disclosed) 30 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-22 Vulcanic

Neuilly sur Marne, France

Vulcanic is a designer and manufacturer of low and medium-volume series of electrical heating and cooling solutions for the industry (heating elements, industrial radiators, thermo regulators, etc. Vulcanic was founded in 1956 and is based in Neuilly Sur Marne, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-30 Action

Zwaagdijk-oost, Netherlands

Action is a non-food discount retailer. Its core product assortment includes decoration, DIY, garden and outdoor, household goods, multimedia, sports, stationery and hobby, toys and entertainment, food and drink, laundry and cleaning, personal care, pets, clothing and linen. Action uses large-scale procurement, flexible assortment, optimal distribution and a cost-conscious corporate culture to ensure very low prices for its customers, with the promise of "more than you expect for less than you imagine". Action was founded in 1993 and is based in Zwaagdijk-oost, Netherlands.

Buy -