M&A Deal Summary

Exor Acquires Welltec International

On February 10, 2016, Exor acquired energy services and equipment company Welltec International from Summit Partners for 103M EUR

Acquisition Highlights
  • This is Exor’s 1st transaction in the Energy Services and Equipment sector.
  • This is Exor’s 2nd largest (disclosed) transaction.
  • This is Exor’s 1st transaction in Denmark.

M&A Deal Summary

Date 2016-02-10
Target Welltec International
Sector Energy Services and Equipment
Buyer(s) Exor
Sellers(s) Summit Partners
Deal Type Add-on Acquisition
Deal Value 103M EUR

Target

Welltec International

Alleroed, Denmark
Welltec International is a provider of precision robotic solutions for oil and gas wells, helping the world's major oil producers increase production and prolong the producing lives of their wells and reservoirs. Welltec International is based in Alleroed, Denmark.

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Buyer(S) 1

Buyer

Exor

Amsterdam, Netherlands

Category Company
Founded 1899
Sector Diversified
Employees23
Revenue 15.2B EUR (2024)
DESCRIPTION

Exor is a diversified holding company that is controlled by the Italian Agnelli family. The Company was originally established in 1899 and looks to acquire stakes in a variety of European companies and assets. Exor was incorporated in 1899 and is based in Amsterdam, Netherlands.


DEAL STATS #
Overall 6 of 6
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Denmark M&A 1 of 1
Year: 2016 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-12 The Economist Group

London, United Kingdom

The Economist Group is a global publishing and information services company that provides analysis on international business and world affairs. The Economist Group was formed in 1843 and is headquartered in London.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-24 Almacantar

London, United Kingdom

Almacantar specializes in the commercial property markets in London and Paris.

Sell -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 195 of 294
Sector: Energy Services and Equipment M&A 1 of 2
Type: Add-on Acquisition M&A Deals 89 of 131
Country: Denmark M&A 1 of 2
Year: 2016 M&A 2 of 12
Size (of disclosed) 46 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-09 Fuze

Boston, Massachusetts, United States

Fuze provides a cloud-based unified communications platform that empowers productivity and delivers insights across the enterprise by enabling simplified business voice communications, flexible video conferencing, and always-on collaboration. Fuze was founded in 2005 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-23 Bigpoint

Hamburg, Germany

Bigpoint GmbH is a publisher and developer of online games. Bigpoint.com is a gaming portal that offers a wide variety of high-quality online games.

Sell -