M&A Deal Summary

Delta Electronics Acquires TB&C Hybrid Technologies

On June 15, 2023, Delta Electronics acquired automotive company TB&C Hybrid Technologies from H2 Equity Partners for 142M EUR

Acquisition Highlights
  • This is Delta Electronics’ 1st transaction in the Automotive sector.
  • This is Delta Electronics’ largest (disclosed) transaction.
  • This is Delta Electronics’ 1st transaction in Germany.

M&A Deal Summary

Date 2023-06-15
Target TB&C Hybrid Technologies
Sector Automotive
Buyer(s) Delta Electronics
Sellers(s) H2 Equity Partners
Deal Type Add-on Acquisition
Deal Value 142M EUR

Target

TB&C Hybrid Technologies

Herborn, Germany
TB&C Hybrid Technologies is a manufacturer of hybrid components for premium automotive sunroof products, such as sunroof mechanisms and wind deflectors, catering both to Tier I automotive sunroof suppliers as well as directly to vehicle manufacturers. TB&C Hybrid Technologies was founded in 1982 and is based in Herborn, Germany.

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Buyer(S) 1

Buyer

Delta Electronics

Taipei, Ireland

Category Company
Founded 1971
Sector Electrical Equipment
Employees534
Revenue 401.2B TWD (2023)
DESCRIPTION

Delta Electronics is a provider of energy efficient power products in the industry, including switching power supplies with efficiency over 90%, telecom power with up to 98%, and PV inverters with up to 98.8% efficiency. We have also developed the world’s first server power supply certified as 80 Plus Titanium with over 96% efficiency. We regularly invest 6% to 7% of our annual sales revenues in R&D and have worldwide R&D facilities in Taiwan, China, Europe, India, Japan, Singapore, Thailand, and the U.S. Delta Electronics was founded in 1971 and is based in Taipei, Taiwan.


DEAL STATS #
Overall 5 of 6
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 4 of 4
Country (Germany) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-18 Universal Instruments

Conklin, New York, United States

Universal Instruments is a provider of precision automation solutions to customers in a broad range of fields, including automotive, computing, medical, industrial, as well as printed circuit board surface mount placement and odd-form insertion. Universal Instruments was formed in 1919 and is based in Conklin, New York.

Buy $89M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-29 Alps Alpine s Power Inductor Business

Tokyo, Japan

Alps Alpine's Power Inductor Business comprises production and R&D equipment, patents, and intellectual property of power inductor and powder materials.

Buy $71M

Seller(S) 1

SELLER

H2 Equity Partners

Amsterdam, Netherlands

Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION
H2 Equity Partners' Amsterdam headquarters.
H2 Equity Partners' Amsterdam headquarters.

H2 Equity Partners is an independent private equity group focused on mid-sized turnaround-and-growth investments in the Benelux, Germany, and the UK. H2 looks for businesses facing operational, financial and/or managerial challenges, or sectors 'poised for consolidation'. H2 is a generalist investor, with no specific areas of interest. However, in the past, the firm has targeted opportunities in paper/board, steel, healthcare, media/communications, building products, consumer products, and fashion. H2 can invest in the rang of €5 to €25 million per transaction. H2 Equity Partners was formed in 1991 and has offices in Amsterdam, Munich, and London.


DEAL STATS #
Overall 35 of 37
Sector (Automotive) 3 of 3
Type (Add-on Acquisition) 19 of 20
Country (Germany) 3 of 3
Year (2023) 1 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 DELTA Hoisting Equipment

Zaandam, Netherlands

DELTA Hoisting Equipment is an importer and distributor of hoisting and lifting products. DELTA offers an extensive range of certified (electric) hoists and winches, lifting magnets, and power lifting tools like clamps, closures, and straps under the DELTA brand name. DELTA Hoisting Equipment was founded in 1960 and is based in Zaandam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Seed Processing Holland

Enkhuizen, Netherlands

Seed Processing Holland is specialized in manufacturing of machinery and equipment for the seed processing industry. The company focuses on both the vegetable seed and field crop seed segments, in which it delivers full installations from threshing & extraction to fine cleaning and coating. Seed Processing Holland was founded in 1967 and is based in Enkhuizen, Netherlands.

Sell -