Investment Summary

Gryphon Investors Exit Potter Electric

On November 27, 2023, private equity firms KKR and Ardian invested in technology hardware company Potter Electric from Gryphon Investors

Investment Highlights
  • This is KKR’s 5th and Ardian’s 3rd transaction in the Technology Hardware sector.
  • This is KKR’s 198th and Ardian’s 65th transaction in the United States.
  • This is KKR’s 2nd and Ardian’s 1st transaction in Missouri.

Investment Summary

Date 2023-11-27
Target Potter Electric
Sector Technology Hardware
Investor(s) KKR
Ardian
Sellers(s) Gryphon Investors
Deal Type Secondary Buyout

Target

Potter Electric

St. Louis, Missouri, United States
Potter Electric is a designer and manufacturer of mission-critical specialty electronic and electromechanical products for the fire safety industry. Potter Electric was founded in 1898 and is based in St. Louis, Missouri.

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Investor(S) 2

Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 466 of 499
Sector: Technology Hardware M&A 5 of 6
Type: Secondary Buyout M&A Deals 98 of 113
State: Missouri M&A 2 of 3
Country: United States M&A 198 of 212
Year: 2023 M&A 19 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-29 OMS Group

Shah Alam, Malaysia

OMS Group is a global, neutral and integrated telecommunications infrastructure company with a wide range of services covering subsea telecommunications installation and maintenance, digital infrastructure ownership and digital Infrastructure engineering, procurement, maintenance and construction (EPC) under our Interconnect Managed Services division. OMS Group was founded in 1988 and is based in Shah Alam, Malyasia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-07 Smart Metering Services

Glasgow, United Kingdom

Smart Metering Services is an energy infrastructure company which owns, installs, and manages carbon reduction (CaRe) assets, including smart meters and energy storage. Smart Metering Services was founded in 1995 and is based in Glasgow, United Kingdom.

Buy £1.3B
Investor

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 439 of 464
Sector: Technology Hardware M&A 3 of 4
Type: Secondary Buyout M&A Deals 142 of 155
State: Missouri M&A 1 of 1
Country: United States M&A 65 of 70
Year: 2023 M&A 12 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-27 Verne

Reykjanesbaer, Iceland

Verne delivers data center solutions for high-intensity computing, engineered for optimal high-performance compute and built upon 100% renewable energy. The company's clean grid and stable climate cuts costs and energy usage, and our expert team provides on-site, around-the-clock support to maximize performance and flexibility for customer workloads. Its Icelandic data center campus powers some of the world's most innovative and demanding industries, including financial services, earth sciences, life sciences, engineering, scientific research, and AI. Verne was founded in 2012 and is based in Reykjanesbaer, Iceland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 Heathrow Airport

Hounslow, United Kingdom

Heathrow Airport is an international gateway and connecting to 234 destinations in over 85 nations and regions. Heathrow Airport was founded in 1946 and is based in Hounslow, United Kingdom.

Buy -

Seller(S) 1

SELLER

Gryphon Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $50 to $500 million of equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1995 and is based in San Francisco, California.


DEAL STATS #
Overall 37 of 43
Sector: Technology Hardware M&A 1 of 1
Type: Secondary Buyout M&A Deals 13 of 17
State: Missouri M&A 1 of 1
Country: United States M&A 37 of 43
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-27 AirX Climate Solutions

Yukon, Oklahoma, United States

AirX Climate Solutions provides highly engineered, specialty cooling and ventilation solutions serving mission-critical applications across a diverse set of end markets, including telecommunications, data centers, energy storage, rental, educational, and industrial/commercial markets. AirX Climate Solutions is based in Yukon, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-23 RoC

New York, New York, United States

RoC is an independent skincare brand offering clinically proven, dermatologist-backed skin health solutions. The company offers hypoallergenic skincare products, broad-spectrum UV protection, and stabilized Retinol products. Its products are sold globally, including in the U.S., Canada, Europe, Australia and China. RoC was founded in 1957 and is based in New York City.

Sell -