M&A Deal Summary

Faiveley Transport SA Acquires SAB Wabco Group AB

On November 1, 2004, Faiveley Transport SA acquired machinery company SAB Wabco Group AB from Vestar Capital Partners and Intermediate Capital Group for 310M EUR

Acquisition Highlights
  • This is Faiveley Transport SA’s 1st transaction in the Machinery sector.
  • This is Faiveley Transport SA’s largest (disclosed) transaction.
  • This is Faiveley Transport SA’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2004-11-01
Target SAB Wabco Group AB
Sector Machinery
Buyer(s) Faiveley Transport SA
Sellers(s) Vestar Capital Partners
Intermediate Capital Group
Deal Type Add-on Acquisition
Deal Value 310M EUR
Advisor(s) Credit Suisse Investment Banking (Financial)

Target

SAB Wabco Group AB

Staffordshire, United Kingdom
Sab Wabco specializes in the design, manufacture and marketing of brake systems, wheels and couplings for the railway industry.

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Buyer(S) 1

Buyer

Faiveley Transport SA

Saint Denis, France
Category Company
Founded 1988
Sector Transportation
DESCRIPTION

Faiveley Transport SA is a provider of value-added, integrated systems and services for the railway industry.

DEAL STATS #
Overall 1 of 2
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (United Kingdom) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-17 Schwab Verkehrstechnik AG

Schaffhausen, Switzerland

Schwab Verkehrstechnik AG (formerly Georg Fischer Verkehrstechnik AG) specialises in the development, assembly and pan-European marketing of buffers and couplers for goods and passenger rolling stock. As goods and passenger transport across Europe increasingly shifts from road to rail, the company anticipates sustained rates of growth going forward.

Buy -

Seller(S) 2

SELLER

Vestar Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $150 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 22 of 66
Sector (Machinery) 3 of 3
Type (Add-on Acquisition) 8 of 28
Country (United Kingdom) 1 of 1
Year (2004) 4 of 4
Size (of disclosed) 17 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-01 Sheridan Healthcare

Sunrise, Florida, United States

Sheridan Healthcare, Inc. is a multi-specialty physician practice management company that provides outsourced physician staffing services to hospitals and ambulatory surgery centers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Wilton Re Holdings

Norwalk, Connecticut, United States

Wilton Re Holdings Limited provides traditional life reinsurance and insurance Run Off Solutions through its wholly owned operating subsidiaries, Wilton Reassurance Company, Wilton Reinsurance Bermuda Limited, and Wilton Reassurance Life Company of New York.

Buy -
SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.

DEAL STATS #
Overall 41 of 217
Sector (Machinery) 1 of 5
Type (Add-on Acquisition) 10 of 67
Country (United Kingdom) 17 of 58
Year (2004) 9 of 12
Size (of disclosed) 51 of 73
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-01 HOMANN Feinkost

Wald, Germany

HOMANN Feinkost GmbH producer of chilled food and delicacies in Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-15 Protection One

Romeoville, Illinois, United States

Protection One is a security provider, protecting residential, business, national account and integrated system customers at millions of locations. Protection One provides installation, maintenance and electronic monitoring of alarm systems to single-family residential, commercial, multifamily and wholesale customers. Protection One was founded in 1988 and is based in Romeoville, Illinois.

Buy €90M
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