M&A Deal Summary

Parcom Capital and GEC Acquire GustoMSC BV

On November 12, 2012, private equity firms Parcom Capital and GEC acquired energy services and equipment company GustoMSC BV from SBM Offshore for 185M USD

Acquisition Highlights
  • This is Parcom Capital’s 2nd and GEC’s 1st transaction in the Energy Services and Equipment sector.
  • This is Parcom Capital’s 3rd and GEC’s largest (disclosed) transaction.
  • This is Parcom Capital’s 12th and GEC’s 1st transaction in the Netherlands.
Investment Fate
  • GustoMSC BV was sold to a publicly-traded strategic buyer in 2018.

M&A Deal Summary
Date 2012-11-12
Target GustoMSC BV
Sector Energy Services and Equipment
Buyer(s) Parcom Capital
GEC
Sellers(s) SBM Offshore
Deal Type Divestiture
Deal Value 185M USD

Target

GustoMSC BV

Schiedam, Netherlands
GustoMSC designs, engineers, and provides patented equipment for offshore drilling rigs and vessels used for energy exploration, production, and construction, including for wind farm installation and maintenance.

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Buyer(S) 2

Buyer

Parcom Capital

Amsterdam, Netherlands

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Parcom Capital is a Dutch middle-market private equity group focused on opportunities in the Netherlands. The Firm targets companies with €50 to €500 million of revenue and €10 to €50 million of EBITDA. Sectors of interest include oil & gas, industrial, distribution, and manufacturing. Parcom Capital operates as a subsidiary of financial services firm ING and is based in Amsterdam.

DEAL STATS #
Overall 16 of 43
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 3 of 4
Country (Netherlands) 12 of 38
Year (2012) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-28 STAR Group B.V.

Moerdijk, Netherlands

STAR Group B.V. is a professional service provider within Oil, Gas, and Power related industries and thé specialist for project support and staffing in engineering, project management, construction management, and shutdown and maintenance management. STAR Group was established in 2001 and is based in Moerdijk, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-03 Clear Edge Filtration

Walbeck, Germany

Clear Edge Filtration manufactures and supplies industrial process filtration products and filter media to companies engaged in filtering liquids from solids, dewatering, collecting and filtering dust, air filtration, filtering and purifying hot gases, and other industrial process applications. Clear Edge Filtration was founded in 1960 and is based in Walbeck, Germany.

Sell -
Buyer

GEC

Category Private Equity Firm
Founded 2008
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

GEC (Global Energy Capital) is a private equity firm specialized in the acquisition and development of industrial products companies. The Firm is primarily interested in companies that serve the energy industry, with innovative products and that are well-positioned to grow organically, via acquisitions, or through both. GEC was established in 2008 and is headquartered in Houston, Texas.

DEAL STATS #
Overall 3 of 15
Sector (Energy Services and Equipment) 1 of 6
Type (Divestiture) 2 of 2
Country (Netherlands) 1 of 1
Year (2012) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-04 Vortex Ventures

Houston, Texas, United States

Vortex Ventures manufactures patented mixing, blending and separating equipment that combine bulk materials and fluids. Vortex provides systems that mix oil and gas drilling fluids.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Premium Oilfield Technologies

Houston, Texas, United States

Premium Oilfield Technologies is an oilfield service company which engineers, manufactures and distributes technologically differentiated consumable products used in oil and gas well drilling and completion activities. Premium Oilfield Technologies is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

SBM Offshore

Schiphol, Netherlands
Category Company
Founded 1862
Sector Energy Services and Equipment
Employees5,816
Revenue 5.0B EUR (2023)
DESCRIPTION

SBM Offshore is a provider of floating production solutions to the offshore energy industry. The company’s main activities are the design, supply, installation, operation and the life extension of Floating Production, Storage and Offloading (FPSO) vessels. These are either owned and operated by SBM Offshore and leased to its clients or supplied on a turnkey sale basis. The company has approximately 7,000 FTE’s. SBM Offshore was founded in 1862 and is based in Schiphol, Netherlands.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (Netherlands) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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