Going Private • Building Materials

H.I.G. Private Equity Acquires The Gienow Group

On May 27, 2009, private equity firm H.I.G. Private Equity acquired building materials company The Gienow Group for 183M CAD

Acquisition Context

This is H.I.G. Private Equity’s 5th transaction in the Building Materials sector.
This is H.I.G. Private Equity’s 15th largest (disclosed) transaction.
This is H.I.G. Private Equity’s 2nd transaction in Canada.
This is H.I.G. Private Equity’s 1st transaction in Alberta.

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M&A Deal Summary
Date	May 27, 2009
Target	The Gienow Group
Sector	Building Materials
Buyer(s)	H.I.G. Private Equity
Deal Type	Going Private
Deal Value	183M CAD

Target Company

The Gienow Group

Calgary, Alberta, Canada

The Gienow Group is a Canadian window and door manufacturer and one of only two Canadian window and door manufacturers with a national manufacturing and sales presence. It designs, manufactures and sells a full range of high-quality, value-priced, custom windows and doors to new home builders, dealers, professional renovators and industrial customers from three manufacturing facilities in Alberta and one in Ontario. The Gienow Group produces a complete line of vinyl, wood, metal-clad wood and aluminum windows, as well as complementary entrance systems including steel, wood and fiberglass entry doors and vinyl, wood, metal-clad wood and aluminum patio doors. Its window products are available in a wide variety of designs, shapes and sizes for all styles of architecture. The Gienow Group also offers installation services and complementary products such as skylights and glass block windows.

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Buyer Overview 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor

Category	Private Equity Firm
Founded	1993
PE ASSETS	65.0B USD
Size	Mega
Type	Sector Agnostic

DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.

Deal Context for Buyer	#
Overall	69 of 385
Sector: Building Materials	5 of 14
Type: Going Private	3 of 11
State: Alberta	1 of 1
Country: Canada	2 of 17
Year: 2009	3 of 7
Size (of disclosed)	15 of 25

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2009-01-23	FNZ Group London, United Kingdom FNZ Group is a global platform-as-a-service provider, transforming the way financial institutions serve their wealth management customers. FNZ Group partners with banks, insurers and asset managers to help consumers better achieve their financial goals. FNZ's technology, transaction and custody services enable their clients to provide best-in-class wealth management solutions to financial advisers, end-investors and the workplace that are efficient, flexible, transparent and scalable, supporting market, demographic and regulatory trends worldwide. FNZ Group was founded in 2004 and is based in London, United Kingdom.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2009-01-23

FNZ Group

London, United Kingdom

FNZ Group is a global platform-as-a-service provider, transforming the way financial institutions serve their wealth management customers. FNZ Group partners with banks, insurers and asset managers to help consumers better achieve their financial goals. FNZ's technology, transaction and custody services enable their clients to provide best-in-class wealth management solutions to financial advisers, end-investors and the workplace that are efficient, flexible, transparent and scalable, supporting market, demographic and regulatory trends worldwide. FNZ Group was founded in 2004 and is based in London, United Kingdom.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2009-08-03	VNU Media B.V. Amsterdam, Netherlands VNU Media is a market leader in the online and print recruitment classifieds market in the Netherlands. The company has a strong portfolio of online recruitment brands including NationaleVacaturebank.nl, Intermediair.nl, Computable.nl and InIct.nl, which are supported by the print titles Intermediair, Computable and IntermediairPW. VNU Media also owns Tweakers.net, which attracts more than 3 million unique visitors per month, making it the largest IT website in the Benelux.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2009-08-03

VNU Media B.V.

Amsterdam, Netherlands

VNU Media is a market leader in the online and print recruitment classifieds market in the Netherlands. The company has a strong portfolio of online recruitment brands including NationaleVacaturebank.nl, Intermediair.nl, Computable.nl and InIct.nl, which are supported by the print titles Intermediair, Computable and IntermediairPW. VNU Media also owns Tweakers.net, which attracts more than 3 million unique visitors per month, making it the largest IT website in the Benelux.

Buy

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