M&A Deal Summary

Crosby Group Acquires Gunnebo Industries AB

On May 22, 2019, Crosby Group acquired manufacturer Gunnebo Industries AB from Segulah Advisor AB and Nordic Mezzanine

Acquisition Highlights
  • This is Crosby Group’s 1st transaction in the Manufacturing sector.
  • This is Crosby Group’s 1st transaction in Sweden.

M&A Deal Summary
Date 2019-05-22
Target Gunnebo Industries AB
Sector Manufacturing
Buyer(s) Crosby Group
Sellers(s) Segulah Advisor AB
Nordic Mezzanine
Deal Type Add-on Acquisition

Target

Gunnebo Industries AB

Vasteras, Sweden
Gunnebo Industries AB engages in innovating, developing, manufacturing and selling products for material handling and other related applications. Gunnebo Industries AB supplies products such as blocks, sheaves, components for chain and wire rope slings, shackles, and chain, produced in Sweden, Norway and the USA. Gunnebo Industries has 9 sales offices covering every continent, as well as partners and distributors in an additional 50 countries, making its products available no matter where in the world they are needed. The quality of the products and expertise ensures safe and efficient operation, every time during all circumstances.

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Buyer(S) 1

Buyer

Crosby Group

Tulsa, Oklahoma, United States
Category Company
Founded 1885
Sector Machinery
Employees1,300
DESCRIPTION

Crosby Group is a global provider of highly engineered solutions for lifting and rigging applications across the oil and gas, construction, mining, and industrial sectors. Crosby Group was founded in 1885 and is headquartered in Tulsa, Oklahoma.

DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (Sweden) 1 of 1
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 Kito

Shinjuku-Ku, Japan

Kito is a manufacturer of hoists and cranes, as well as other material handling equipment and system solutions. KITO was founded in 1932 and is based in Shinjuku-Ku, Japan.

Buy -

Seller(S) 2

SELLER

Segulah Advisor AB

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 11.1B SEK
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Segulah Advisor AB is a Swedish private equity firm focused on buyouts of mid-sized companies throughout Scandinavia. Segulah seeks profitable companies with defensible market positions, strong development potential, and experienced management. The Firm targets companies with annual revenues upto SEK 2 billion. Segulah Advisor AB was formed in 1994 and is based in Stockholm.

DEAL STATS #
Overall 34 of 40
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 19 of 21
Country (Sweden) 30 of 36
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 CCS Healthcare AB

Borlange, Sweden

CCS Healthcare AB is a producer and distributor of personal care products in the skin and dental care, pharmaceutical products in the skin and eye care, and gastroenterology, and is a supplier and partner primarily to pharmacies in Sweden, the rest of the Nordic region and the UK.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-27 Zengun

Stockholm, Sweden

Zengun is a provider of construction services to private and public property developers. Zengun was formed in 2009 and is based in Stockholm, Sweden.

Sell -
SELLER

Nordic Mezzanine

Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 480M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Nordic Mezzanine is an independent provider of mezzanine financing for buyouts, growth capital needs, and capital restructurings. Nordic will consider opportunities in a broad range of industry sectors and generally looks to invest in Scandinavia, Germany, Austria, Switzerland, the Netherlands and Belgium. The Firm's target investment size is €10 to €40 million. Nordic Mezzanine was formed in 1999 and is based in Helsinki with an additional office in London.

DEAL STATS #
Overall 21 of 26
Sector (Manufacturing) 5 of 5
Type (Add-on Acquisition) 7 of 11
Country (Sweden) 7 of 8
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Riri

Mendrisio, Switzerland

Riri is a manufacturer of zippers and buttons for the luxury and accessories industry. It offers zippers, jeans buttons, press snaps and buttons, rivets, clips, technical products, tape colors, and puller design solutions, as well as systems for the opening and closure of garments. Riri was established in 1936 and is based in Mendrisio, Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 Powerlines Group GMBH

Vienna, Austria

Powerlines Group GMBH provides planning, installation and maintenance of catenary systems for railways and mass transit (metro, tram, trolley-bus). Powerlines Group GMBH was founded in 2003 and is based in Vienna, Austria.

Sell -
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