M&A Deal Summary

Hellman & Friedman Acquires Gaztransport & Technigaz

On February 15, 2008, private equity firm Hellman & Friedman acquired engineering company Gaztransport & Technigaz from Saipem SA

Acquisition Highlights
  • This is Hellman & Friedman’s 1st transaction in the Engineering sector.
  • This is Hellman & Friedman’s 1st transaction in France.
Investment Fate
  • Gaztransport & Technigaz went public in 2014.

M&A Deal Summary

Date 2008-02-15
Target Gaztransport & Technigaz
Sector Engineering
Buyer(s) Hellman & Friedman
Sellers(s) Saipem SA
Deal Type Divestiture

Target

Gaztransport & Technigaz

Saint-Remy-les-Chevreuse, France
Gaztransport & Technigaz is an engineering company that operates two main areas of expertise including cargo containment systems (CCS) for LNG carriers and land storage of LNG. LNG carriers and tanks designed with GTT containment systems have also been used to carry and store other liquefied gases (LPG, Ethylene etc.). Gaztransport & Technigaz was founded in 1965 and is based in Saint-Remy-les-Chevreuse, France.

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Buyer(S) 1

Buyer

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 115.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.


DEAL STATS #
Overall 35 of 90
Sector: Engineering M&A 1 of 1
Type: Divestiture M&A Deals 3 of 6
Country: France M&A 1 of 1
Year: 2008 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-13 Goodman Global

Houston, Texas, United States

Goodman Global, Inc. is the largest domestic unit manufacturer of heating, ventilation and air conditioning products for residential and light-commercial use.

Buy $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-13 DoubleClick

New York, New York, United States

DoubleClick, Inc. is a provider of digital marketing technology and services. The world’s top marketers, publishers and agencies utilize DoubleClick’s expertise in ad serving, rich media, video, search and affiliate marketing to help them make the most of the digital medium.

Sell $3.1B

Seller(S) 1

SELLER

Saipem SA

Saint Quentin Yvelines, France

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Saipem S.p.A. is an Italian oil and gas industry contractor. It is a subsidiary of Italian energy company Eni, which owns approximately 43% of Saipem's shares.


DEAL STATS #
Overall 1 of 1
Sector: Engineering M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-09-30 Moss Maritime AS

Lysaker, Norway

Moss Maritime AS is a provider of technology, expertise and experience when designing and engineering gas carriers, offshore platforms and special purpose offshore vessels.

Buy -