M&A Deal Summary

Flex Acquires Mirror Controls International B.V.

On April 29, 2015, Flex acquired automotive company Mirror Controls International B.V. from Egeria for 494M USD

Acquisition Highlights
  • This is Flex’s 1st transaction in the Automotive sector.
  • This is Flex’s 2nd largest (disclosed) transaction.
  • This is Flex’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2015-04-29
Target Mirror Controls International B.V.
Sector Automotive
Buyer(s) Flex
Sellers(s) Egeria
Deal Type Add-on Acquisition
Deal Value 494M USD

Target

Mirror Controls International B.V.

Woerden, Netherlands
Mirror Controls International B.V. is a provider of motorised actuators for exterior automotive mirror systems. The company is a Tier 2 component specialist, supplying to the global mirror system suppliers from manufacturing operations in Ireland, Mexico and China.

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Buyer(S) 1

Buyer

Flex

Austin, Texas, United States

Category Company
Founded 1969
Sector Semiconductors
Employees148,115
Revenue 26.4B USD (2024)
DESCRIPTION
Flextronics facility in Fremont, California.
Flextronics facility in Fremont, California.

Flex is a Sketch-to-Scale™ solutions provider that designs, manufactures and distributes intelligent products for a connected world. Flex provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets. Flex was founded in 1969 and is based in Austin, Texas.


DEAL STATS #
Overall 8 of 14
Sector (Automotive) 1 of 2
Type (Add-on Acquisition) 8 of 14
Country (Netherlands) 1 of 1
Year (2015) 1 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-04 RIWISA AG

Hagglingen, Switzerland

RIWISA AG provides plastic processing in Switzerland. The company initially made a name for itself with processing of buttons and lavatory-lids made out of thermosetting plastic (Duroplast) and later on with the production of thermoplastic material.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-08 Nextracker

Fremont, California, United States

Nextracker is a provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar power plants around the world. Its products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. Nextracker was formed in 2013 and is based in Fremont, California.

Buy $330M

Seller(S) 1

SELLER

Egeria

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 1.7B EUR
Size Large
Type Sector Agnostic
DESCRIPTION
Egeria's office in Amsterdam.
Egeria's office in Amsterdam.

Egeria is a private equity and real estate investment firm. The Firm operates a variety of investment funds focused on opportunities throughout Western Europe and North America. The Firm's private equity group principally looks to invest in companies located in the Netherlands, Germany, Austria, and Switzerland valued up to €350 million. Egeria looks for companies with stable cash flows, experienced management, and strong growth potential. Egeria is sector agnostic, however, the firm will not consider investing in biotech, software, or 'non-ethical' sectors. Egeria was formed in 1997 and is based in Amsterdam.


DEAL STATS #
Overall 11 of 25
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 5 of 12
Country (Netherlands) 9 of 20
Year (2015) 2 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-27 United Dutch Breweries

Breda, Netherlands

United Dutch Breweries is a supplier of specialty beers, such as non-alcoholic beers, stout beers and dark malt beverages. United Dutch Breweries was founded in 1968 and is based in Breda, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-05 N.V. Nationale Borg-Maatschappij

Amsterdam, Netherlands

N.V. Nationale Borg-Maatschappij is a provider of insurance services.

Sell €154M