M&A Deal Summary

Gresham Acquires Altair Filter Technology

On February 10, 2003, private equity firm Gresham acquired machinery company Altair Filter Technology for 2M GBP

Acquisition Highlights
  • This is Gresham’s 2nd transaction in the Machinery sector.
  • This is Gresham’s 17th largest (disclosed) transaction.
  • This is Gresham’s 9th transaction in the United Kingdom.
Investment Fate
  • Altair Filter Technology was sold to a strategic buyer in 2006.

M&A Deal Summary

Date 2003-02-10
Target Altair Filter Technology
Sector Machinery
Buyer(s) Gresham
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 2M GBP

Target

Altair Filter Technology

Alton, United Kingdom
Altair Filter Technology Ltd. is a provider of inlet filtration solutions for the power generation, oil and gas and marine industries.

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Buyer(S) 1

Buyer

Gresham

London, United Kingdom

Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Gresham LLP is a private equity firm focused on management buyouts across a broad range of industries in the UK. Gresham considers transactions up to GBP100 million with an emphasis on opportunities in business services, support services, consumer products and services, financial services, healthcare/pharmaceuticals, industrial products and energy/environmental. Gresham is based in London with additional offices in Birmingham and Manchester.


DEAL STATS #
Overall 9 of 32
Sector: Machinery M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 26
Country: United Kingdom M&A 9 of 32
Year: 2003 M&A 1 of 2
Size (of disclosed) 17 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-01 Marston Holdings

Birmingham, United Kingdom

Marston Holdings is a diversified provider of enforcement services, traffic management, regulated services, and other related ethics/governance related services throughout the UK. Marston Holdings was founded in 1937 and is based in Birmingham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-01 2e2 Group

Newbury, United Kingdom

2e2 Group Ltd. is an IT services provider offering IT infrastructure, maintenance, networking, education and other managed services. 2e2 Group was formed in 2002 and is based in Newbury, United Kingdom.

Buy £27M