M&A Deal Summary

Daikin Acquires AHT Cooling Systems

On November 26, 2018, Daikin acquired manufacturer AHT Cooling Systems from Bridgepoint for 881M EUR

Acquisition Highlights
  • This is Daikin’s 3rd transaction in the Manufacturing sector.
  • This is Daikin’s 2nd largest (disclosed) transaction.
  • This is Daikin’s 1st transaction in Austria.

M&A Deal Summary

Date 2018-11-26
Target AHT Cooling Systems
Sector Manufacturing
Buyer(s) Daikin
Sellers(s) Bridgepoint
Deal Type Add-on Acquisition
Deal Value 881M EUR

Target

AHT Cooling Systems

Rottenmann, Austria
AHT Cooling Systems GmbH is a developer of industrial refrigeration and deep-freezing technology with main areas of business being fridges and deep freezes for supermarkets, ice cream freezers and drinks cooling. AHT Cooling Systems was founded in 1998 and is based in Rottenmann, Austria.

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Buyer(S) 1

Buyer

Daikin

Osaka, Japan

Category Company
Founded 1924
Sector Manufacturing
Employees98,162
Revenue 4.40T JPY (2024)
DESCRIPTION

Daikin is an innovator and provider of advanced, high-quality air conditioning solutions for residential, commercial, and industrial applications. Daikin was founded in 1924 and is based in Osaka, Japan.


DEAL STATS #
Overall 6 of 10
Sector (Manufacturing) 3 of 4
Type (Add-on Acquisition) 4 of 8
Country (Austria) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-10 Daikin Air Conditioning Egypt

Cairo, Egypt

Daikin Air Conditioning Egypt is an exclusive distributor of Daikin’s products such as VRV systems, split/multi split units, air to water heat pump systems, heating systems, air purifiers, air cooled chillers and marine HVAC in Egypt. Daikin Air Conditioning Egypt was formed in 2016 and is based in Cairo, Egypt.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Stevens Equipment Supply

Eagan, Minnesota, United States

Stevens Equipment Supply LLC is a distribution of HVAC, foodservice and lodging equipment, including Goodman, Amana, Manitowoc, Silver King, Panasonic, McCall, SerVend, Imperial, Kelvinator, LG, Honeywell, and many others. Stevens Equipment Supply was founded in 1954 and is based in Eagan, Minnesota.

Buy -

Seller(S) 1

SELLER

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 28.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Bridgepoint is a large European private equity firm that invests in middle-market companies across a broad range of industries with an enterprise value of €200 - €1000 million. Prospective transaction situations include buyouts, buy-ins, growth financings, consolidations, and take privates. The firms invest in the range of €75 - €400 million transaction. Bridgepoint Development Capital specializes in investments in businesses valued up to a €150 million, taking equity stakes of between €10 million and €75 million. General sectors of interest include consumer products and services, retail, financial services, healthcare, media, technology, industrials, and business services. Bridgepoint was formed in 1984 and has offices in London, Frankfurt, Luxembourg, Madrid, Milan, Paris, Stockholm and Warsaw.


DEAL STATS #
Overall 77 of 109
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 28 of 38
Country (Austria) 1 of 1
Year (2018) 6 of 6
Size (of disclosed) 7 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-08 HTL Biotechnology

Javene, France

HTL Biotechnology is a fast-growing biotech and industrial firm leading the development and production of innovative pharmaceutical-grade biopolymers. The company has developed a state-of-the-art biopolymers platform that provides customized, pharmaceutical-grade biopolymer solutions to leading pharmaceutical and medical device companies worldwide. Its products are used in therapeutic areas such as ophthalmology, rheumatology, urology, dermatology, and medical aesthetics. HTL Biotechnology was formed in 1992 and is based in Javene, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 Miya

Madrid, Spain

Miya is a global efficiency-oriented water operator with vast experience and a full range offering for water utilities including water efficiency, commercial management, and water treatment. Miya was formed in 2008 and s based in Madrid, Spain.

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