M&A Deal Summary

Cross Equity Partners AG and GIMV Acquire WDM Deutenberg

On January 8, 2018, private equity firms Cross Equity Partners AG and GIMV acquired electrical equipment company WDM Deutenberg

Acquisition Highlights
  • This is Cross Equity Partners AG’s 1st and GIMV’s 3rd transaction in the Electrical Equipment sector.
  • This is Cross Equity Partners AG’s 3rd and GIMV’s 9th transaction in Germany.

M&A Deal Summary
Date 2018-01-08
Target WDM Deutenberg
Sector Electrical Equipment
Buyer(s) Cross Equity Partners AG
GIMV
Deal Type Buyout (LBO, MBO, MBI)

Target

WDM Deutenberg

Grob Pankow, Germany
WDM Deutenberg is a producer and manufacturer of spot-welded wire mesh. The company offers a wide range of finishing processes to increasingly complex production depth. WDM was founded in 1993 and is based in Grob Pankow, Germany.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

Cross Equity Partners AG

Zurich, Switzerland

Investor Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Cross Equity is a Swiss private equity firm focused on investing in medium-sized growth companies in German speaking Europe with an enterprise value of CHF 15- CHF 150 million. Cross has specific interest in the engineering, mechanical engineering, industrial products and services sectors. The firms invest in the range of CHF 5 – CHF 15 million transactions. Prospective companies generally lead their respective markets and are profitable. Cross Equity was formed in 2008 and is based in Zurich with an additional office in UK.

DEAL STATS #
Overall 7 of 8
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 5
Country (Germany) 3 of 4
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-02 punker

Eckernförde, Germany

punker GmbH is the European market leader for high efficiency air flow components in challenging environments. Its products are used in a widerange of areas, from heating, ventilation, and air-conditioning (HVAC) technology to applications in household appliances, railway and agricultural machinery and the mechanical engineering industry in general.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-29 BOES

Neulingen, Germany

BOES GmbH develops and constructs high-performance composite stamping tools and produces high-precision stamped, bent and drawn parts. Using automated manufacturing processes and a range of modern machinery, approximately 420 million precision stamped parts are produced and packaged each year. The product range includes complex stamped parts and punched grids, modular units, small and very small product series as well as sample parts for use in product development.

Buy -
Buyer

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.

DEAL STATS #
Overall 117 of 158
Sector (Electrical Equipment) 3 of 6
Type (Buyout (LBO, MBO, MBI)) 40 of 52
Country (Germany) 9 of 20
Year (2018) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 Brakel

Uden, Netherlands

Brakel is a provider of high-end solutions for glass daylight constructions (glass roofs and skylights), ventilation systems (top hung windows and flap ventilators) and fire safety systems (fire detection, smoke and heat extraction installations) in commercial and industrial buildings. Brakel was established in 1977 and is based in Uden, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-10 Mackevision Medien Design

Stuttgart, Germany

Mackevision Medien Design GmbH is a global producer of 3D-enabled and immersive product content. Mackevision’s creation, visualization and production services are used for online product configurators, digital and print catalogues, virtual showrooms, point-of-sale kiosks, augmented and virtual reality experiences, as well as broadcast video and feature films. Mackevision has developed a differentiated ability to leverage engineering data to construct ‘digital twins’ of complex physical products. Mackevision Medien Design was founded in 1994 and is based in Stuttgart, Germany.

Sell -
Mergr

Product

Company

Legal