M&A Deal Summary

ENGIE Ineo Acquires Powerlines Group GMBH

On July 31, 2019, ENGIE Ineo acquired engineering company Powerlines Group GMBH from Nordic Mezzanine and Rivean Capital

Acquisition Highlights
  • This is ENGIE Ineo’s 1st transaction in the Engineering sector.
  • This is ENGIE Ineo’s 1st transaction in Austria.

M&A Deal Summary

Date 2019-07-31
Target Powerlines Group GMBH
Sector Engineering
Buyer(s) ENGIE Ineo
Sellers(s) Nordic Mezzanine
Rivean Capital
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

ENGIE Ineo

Courbevoie, France

Category Company
Sector Construction
DESCRIPTION

ENGIE Ineo specialises in infrastructure projects in the energy, transport and telecom sectors.


DEAL STATS #
Overall 2 of 2
Sector: Engineering M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Austria M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-30 Icomera AB

Gothenburg, Sweden

Icomera AB is a provider of embedded communication and wireless internet connectivity solutions for travelers and transport operators. Icomera AB was founded in 1999 and is based in Gothenburg, Sweden.

Buy -

Seller(S) 2

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 22 of 26
Sector: Engineering M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 11
Country: Austria M&A 1 of 1
Year: 2019 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-22 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-01 Lomax A/S

Frederikssund, Denmark

Lomax A/S is a B2B retailer. Lomax offers a product mix of more than 20.000 items from leading brands within three product categories: Office supplies, furniture & warehouse, and technology. Lomax A/S was founded in 1962 and is based in Frederikssund, Denmark.

Sell -
SELLER

Rivean Capital

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Gilde Buy Out Partners (GBO) is unit of Gilde Investment Management, a Dutch private equity group. Gilde Buy Out Partners (GBO) targets investments in larger businesses valued from €75 and €600 million with at least €8 million in cash flow. Broad sectors of interest include services, consumer goods, manufacturing, and industrial products. GBO looks for investments across Western Europe, with an emphasis on opportunities in Belgium, The Netherlands, Luxembourg, France, Germany, Switzerland and Austria. Gilde was formed in 1982 and has offices in Utrecht, Paris, Brussels, and Zurich.


DEAL STATS #
Overall 34 of 43
Sector: Engineering M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 12
Country: Austria M&A 1 of 1
Year: 2019 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 XD Connects

Rijswijk, Netherlands

XD Connects is a designer & provider of niche segments for higher-quality functional promotional products/business gifts for the B2B and B2C market, serving 4,500 distributors all over Europe. XD Connects was founded in 1986 and is based in Rijswijk, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 ]init[

Berlin, Germany

]init[ is a full-service provider for Internet and IT projects. ]init[ has been an active initiator and architect of digital transformation solutions for the public sector, industry, and banks. ]init[ pursues a one-stop full-service approach along the entire digital transformation value chain through a unique offering of digital agency and consulting services, as well as the operation of web services and infrastructures. ]init[ was founded in 1995 and is based in Berlin, Germany.

Buy -