M&A Deal Summary

Eurazeo PME Acquires IES Synergy

On June 19, 2013, private equity firm Eurazeo PME acquired electrical equipment company IES Synergy from Demeter Partners for 22M EUR

Acquisition Highlights
  • This is Eurazeo PME’s 1st transaction in the Electrical Equipment sector.
  • This is Eurazeo PME’s 18th largest (disclosed) transaction.
  • This is Eurazeo PME’s 18th transaction in France.

M&A Deal Summary
Date 2013-06-19
Target IES Synergy
Sector Electrical Equipment
Buyer(s) Eurazeo PME
Sellers(s) Demeter Partners
Deal Type Secondary Buyout
Deal Value 22M EUR
Advisor(s) Mooreland Partners LLC (Financial)

Target

IES Synergy

Montpellier, France
IES Synergy is a designer and manufacturer of power conversion solutions for the Electric Vehicle market. It provides onboard and external battery charging solutions for the consumer and industrial EV markets based on our unique proprietary high frequency switching technology and compact, lightweight designs for harsh and industrial environments. IES Synergy was founded in 1992 and is based in Montpellier, France.

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Buyer(S) 1

Buyer

Eurazeo PME

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eurazeo PME, formerly known as OFI Private Equity Capital. Eurazeo PME invests equity and mezzanine capital in secondary buyout transactions of unlisted French companies. The Firm looks for opportunities valued between €50 and €250 million. Areas of interest include chemicals, financial services, consumer services, retail, manufacturing, distribution, and life science. Eurazeo PME was formed in 1997 and is based in Paris.

DEAL STATS #
Overall 21 of 82
Sector (Electrical Equipment) 1 of 2
Type (Secondary Buyout) 8 of 31
Country (France) 18 of 55
Year (2013) 2 of 4
Size (of disclosed) 18 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-06 Flexitallic Group

Paris, France

Flexitallic Group is a specialized sealing solutions and products serving the oil and gas, power generation, chemical and petrochemical industries in emerging and developed markets. Focused on the upstream, downstream and power generation sectors. Flexitallic Group was founded in 1912 and is based in Paris, France.

Sell €450M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-25 Peters Surgical

ZI Les, France

Peters Surgical is a designer, producer and distributor of single-use medical equipment for surgical procedures. Its main product ranges are surgical sutures, implants for parietal reinforcement and drains. Peters Surgical was formed in 1926 and is based in ZI Les, France.

Buy -

Seller(S) 1

SELLER

Demeter Partners

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 1.2B EUR
Size Large
Type Sector Focused
DESCRIPTION

Demeter is a private investment group focused on providing expansion and development capital to renewable energy and environmental companies. The Firm primarily looks for opportunities in France, but also pursues companies in greater Europe. The Firm will consider businesses at all stages of development and seeks to commit €1 to €30 million per investment. Demeter was formed in 2005 and is based in Paris.

DEAL STATS #
Overall 7 of 17
Sector (Electrical Equipment) 1 of 2
Type (Secondary Buyout) 2 of 5
Country (France) 6 of 11
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-08 Cooltech Applications

Holtzheim, France

Cooltech Applications has developed and industrialized a truly authentic and rare rupture technology based upon Magnetic Refrigeration principles. The technology being industrialized addresses a wide range of applications in both the refrigeration and air conditioning markets - commercial refrigeration, industrial or domestic, air conditioning of vehicles and buildings.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-09 Invicta

France

Invicta is a manufacturer of individual wood heating devices. The group diversified its product portfolio into the high-growth pellet burning stove segment. Invicta was founded in 1924 and is based in France.

Buy -
Mergr

Product

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