Add-on Acquisition • Engineering

ENGIE Deutschland Acquires Otto Luft- und Klimatechnik & Co. KG

On December 19, 2018, ENGIE Deutschland acquired engineering company Otto Luft- und Klimatechnik & Co. KG from Equistone

Acquisition Context
  • This is ENGIE Deutschland’s 1st transaction in the Engineering sector.
  • This is ENGIE Deutschland’s 1st transaction in Germany.

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M&A Deal Summary

Date December 19, 2018
Target Otto Luft- und Klimatechnik & Co. KG
Sector Engineering
Buyer(s) ENGIE Deutschland
Sellers(s) Equistone
Deal Type Add-on Acquisition

Target Company

Otto Luft- und Klimatechnik & Co. KG

Germany
Otto Luft- und Klimatechnik GmbH & Co. KG is a provider of engineering solutions and system installations to, among others, large shopping malls, hospitals, office buildings, industrial production lines and pharmaceutical laboratories.
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Buyer Overview 1

Buyer

ENGIE Deutschland

Cologne, Germany

Category Company
Sector Infrastructure
DESCRIPTION

ENGIE Deutschland GmbH is a provider of an infrastructure management services. ENGIE Deutschland is based in Cologne, Germany.


Deal Context for Buyer #
Overall 1 of 1
Sector: Engineering 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Germany 1 of 1
Year: 2018 1 of 1

Seller Profile 1

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 Context for Seller #
Overall 163 of 206
Sector: Engineering 3 of 5
Type: Add-on Acquisition 54 of 70
Country: Germany 26 of 34
Year: 2018 13 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 Appart’City

Nantes, France

Appart’City is a provider of residential real estate services in France. A newly created group was formed in 2014, which combined the Appart’City and Park&Suites operations. Both businesses were leading management companies of apartment hotels for tourism and business in France. Today, the business operates under the Appart’City brand and has a network of more than 120 properties, which are located in city centres and suburban areas near business parks.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-21 RENA Technologies

Gutenbach, Germany

RENA Technologies is a provider of production equipment for wet chemical surface treatment. RENA operates in the four segments of Solar/Green Energy, Health, Electronics/ Semiconductors, and Services. RENA Technologies was founded in 1993 and is based in Gutenbach, Germany.

Buy -