M&A Deal Summary

Equistone Acquires RENA Technologies

On February 21, 2019, private equity firm Equistone acquired machinery company RENA Technologies from Capvis

Acquisition Highlights
  • This is Equistone’s 5th transaction in the Machinery sector.
  • This is Equistone’s 39th transaction in Germany.

M&A Deal Summary

Date 2019-02-21
Target RENA Technologies
Sector Machinery
Buyer(s) Equistone
Sellers(s) Capvis
Deal Type Secondary Buyout

Target

RENA Technologies

Gütenbach, 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.

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Buyer(S) 1

Buyer

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, England.


DEAL STATS #
Overall 225 of 254
Sector (Machinery) 5 of 5
Type (Secondary Buyout) 70 of 86
Country (Germany) 39 of 42
Year (2019) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-19 Otto Luft- und Klimatechnik 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-18 CH&CO

Reading, United Kingdom

CH&CO provides contract and hospitality catering services to a broad range of sectors including workplaces, venues, tourist destinations, independent and State schools, further education, healthcare, and events. CH&CO was founded in 1991 and is based in Reading, United Kingdom.

Buy -

Seller(S) 1

SELLER

Capvis

Baar, Switzerland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 3.9B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Capvis Equity Partners is a Swiss-based private equity firm focused on buyout, succession, and expansion investments in Switzerland, China, and Germany. Sectors of interest include Healthcare, Industrial Technology, and Advanced Services & Software. Capvis will consider both majority and minority positions. The Firm's investment horizon is four to six years. Capvis Equity Partners was formed in 1990 and is headquartered in Baar with additional offices in Germany and China.


DEAL STATS #
Overall 31 of 35
Sector (Machinery) 4 of 4
Type (Secondary Buyout) 6 of 8
Country (Germany) 6 of 8
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-19 Variosystems

Steinach, Switzerland

Variosystems is an international electronics service provider that is 100% focused on customers and customer products. Variosystems offers sourcing, assembly, box-build, electronics engineering, and wire harnessing services to OEM customers in end-markets with high requirements such as industrial, medical, and aviation. Variosystems was founded in 1993 and is based in Steinach, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-15 Xovis

Zollikofen, Switzerland

Xovis is a high-tech company that develops and commercializes systems and sensors for people counting, tracking and similar applications. Xovis solutions are used for the optimised control of passenger flows and waiting times, for example at airports or in stationary retail. Xovis was founded in 2008 and is based in Zollikofen, Switzerland.

Buy -