M&A Deal Summary

Enovis Acquires Victor Technologies International

On February 12, 2014, Enovis acquired machinery company Victor Technologies International from Irving Place Capital for 947M USD

Acquisition Highlights
  • This is Enovis’ 2nd transaction in the Machinery sector.
  • This is Enovis’ 3rd largest (disclosed) transaction.
  • This is Enovis’ 2nd transaction in the United States.
  • This is Enovis’ 1st transaction in Missouri.

M&A Deal Summary

Date 2014-02-12
Target Victor Technologies International
Sector Machinery
Buyer(s) Enovis
Sellers(s) Irving Place Capital
Deal Type Add-on Acquisition
Deal Value 947M USD
Advisor(s) RBC Capital Markets
Blackstone Advisory Partners (Financial)
Weil Gotshal & Manges (Legal)

Target

Victor Technologies International

St. Louis, Missouri, United States
Victor Technologies is designer and manufacturer of branded cutting and welding products and accessories. The company competes globally in six product categories - gas equipment, arc accessories, plasma cutting systems, welding equipment, filler metals, and hardfacing alloys - under a number of premium brand names, including Victor, Tweco, Arcair, Thermal Dynamics, Thermal Arc, Stoody, and Cigweld.

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Buyer(S) 1

Buyer

Enovis

Wilmington, Delaware, United States

Category Company
Founded 1995
Sector Manufacturing
Employees6,550
Revenue 1.7B USD (2023)
DESCRIPTION

Enovis is a diversified manufacturing and engineering company that provides gas- and fluid-handling and fabrication technology products and services to commercial and governmental customers around the world under the Howden, Enovis Fluid Handling and ESAB brands. Enovis was incorporated in 1995 and is based in Wilmington, Delaware.


DEAL STATS #
Overall 5 of 11
Sector (Machinery) 2 of 3
Type (Add-on Acquisition) 4 of 8
State (Missouri) 1 of 1
Country (United States) 2 of 5
Year (2014) 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-25 Sistemas Centrales de Lubricacion S.A. de C.V.

Mexico

Sicelub was founded in 1988, has headquarters in Mexico City, and operates through more than 40 offices located across 9 countries. Sicelub serves the oil and gas, power generation, mining, cement, steel, food, and paper industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-08 Siemens Turbomachinery Equipment

Frankenthal, Germany

Siemens Turbomachinery Equipment GmbH is a developer and distributor of single-stage compressors and small steam turbines for environmental and industrial applications.

Buy €195M

Seller(S) 1

SELLER

Irving Place Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 4.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Irving Place Capital (formerly Bear Stearns Merchant Banking) is an independent private equity firm focused on making investments in middle-market companies located in North America and Western Europe. Irving primarily looks for opportunities in the retail, financial services, consumer products and packaging sectors, but will also consider investments in other traditional and service based businesses such as restaurants, transportation/logistics, healthcare, energy, and industrial products/services. The Firm's target investment size is $50 to $250 million of equity capital and EBITDA in excess of $7 million. Prospective transaction situations include traditional management buyouts, growth capital financings, divestitures, consolidations, and recapitalizations. Irving Place is based in New York City.


DEAL STATS #
Overall 27 of 39
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 13 of 17
State (Missouri) 1 of 2
Country (United States) 22 of 32
Year (2014) 2 of 4
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-22 Dots

Glenwillow, Ohio, United States

Dots is a women’s apparel retailing company that offers fashionable clothing and accessories at exceptional prices. Dots’ growth and success was founded on a passion for retail that stems from a belief that looking good should not be expensive. Today, the company is a vibrant retailer with more than 400 stores within a 26-state footprint.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-30 PlayCore

Chattanooga, Tennessee, United States

PlayCore is a provider of consumer equipment and backyard products. It specializes in the design, manufacture and marketing of commercial and consumer outdoor playground equipment. The consumer division manufactures kits for wooden swing sets and climbing units, plastic slides and related products. PlayCore was founded in 1979 and is headquartered in Chattanooga, Tennessee.

Sell -