M&A Deal Summary

GIMV Acquires ALT Technologies

On March 28, 2017, private equity firm GIMV acquired automotive company ALT Technologies from Standard Investment Management

Acquisition Highlights
  • This is GIMV’s 4th transaction in the Automotive sector.
  • This is GIMV’s 31st transaction in the Netherlands.

M&A Deal Summary

Date 2017-03-28
Target ALT Technologies
Sector Automotive
Buyer(s) GIMV
Sellers(s) Standard Investment Management
Deal Type Secondary Buyout

Target

ALT Technologies

Utrecht, Netherlands
ALT Technologies is a producer of key airbag components (with a focus on covers, wraps and seals). ALT also produces labels for both cars and electronic equipment. ALT Technologies was founded in 1935 and is based in Utrecht, Netherlands.

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Buyer(S) 1

Buyer

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.


DEAL STATS #
Overall 108 of 170
Sector: Automotive M&A 4 of 5
Type: Secondary Buyout M&A Deals 16 of 28
Country: Netherlands M&A 31 of 42
Year: 2017 M&A 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 Breath Therapeutics

Munich, Germany

Breath Therapeutics is a clinical stage biopharmaceutical company specializing in advanced inhaled therapeutics for severe respiratory diseases with a high unmet medical need.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-02 Imcheck Therapeutics

Marseilles, France

ImCheck Therapeutics is a new generation of immunotherapeutic antibodies targeting butyrophilins, a novel superfamily of immunomodulators. Its clinical-stage program, ICT01, has been advancing to late-stage trials, demonstrating a unique mechanism of action that modulates both innate and adaptive immunity. These “first-in-class” activating antibodies may deliver superior clinical outcomes compared to first-generation immunotherapy approaches, in particular in rational combinations with immune checkpoint inhibitors and immunomodulatory anti-cancer drugs. Imcheck Therapeutics was founded in 2015 and is based in Marseilles, France.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Standard Investment is a Dutch private equity firm focused on small to mid-sized investment opportunities in the Netherlands and Belgium. The Firm targets companies generating €20 to €200 million of revenue and valued up to €100 million. Standard Investment prefers majority investment situations and looks for businesses with growth and/or improvement potential. Standard Investment was formed in 2004 and has offices in Amsterdam and Brussels.


DEAL STATS #
Overall 7 of 11
Sector: Automotive M&A 3 of 3
Type: Secondary Buyout M&A Deals 2 of 2
Country: Netherlands M&A 5 of 9
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-23 Jumbo Groenewegen

Helmond, Netherlands

Jumbo Groenewegen designs, produces and sells trailers and semi-trailers for demanding customers on a domestic and international level. Jumbo Groenewegen was founded in 1927 and is based in Helmond, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-13 Sekura Cabins

Randers, Denmark

Sekura Cabins specializes in the development and production of safe and low-noise operator cabs for off-highway vehicles, primarily for mining and forestry. Sekura often develops its solutions in close collaboration with its customers, with whom the company has often worked for decades. Sekura Cabins was founded in 1957 and is based in Randers, Denmark.

Buy -