M&A Deal Summary

Hillenbrand Acquires Linxis Group

On July 20, 2022, Hillenbrand acquired machinery company Linxis Group from IK Partners for 572M EUR

Acquisition Highlights
  • This is Hillenbrand’s 6th transaction in the Machinery sector.
  • This is Hillenbrand’s 2nd largest (disclosed) transaction.
  • This is Hillenbrand’s 1st transaction in France.

M&A Deal Summary
Date 2022-07-20
Target Linxis Group
Sector Machinery
Buyer(s) Hillenbrand
Sellers(s) IK Partners
Deal Type Add-on Acquisition
Deal Value 572M EUR

Target

Linxis Group

Nantes, France
Linxis Group is a manufacturer of industrial equipment for the production of food, pharmaceutical, and cosmetic products. Linxis Group consists of six companies within their respective markets, designing, engineering, manufacturing, and installing equipment for food, cosmetics, and pharmaceutical production lines. Linxis Group was founded in 1988 and is based in Nantes, France.

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Buyer(S) 1

Buyer

Hillenbrand

Batesville, Indiana, United States
Category Company
Founded 1906
Sector Machinery
Employees10,400
Revenue 2.8B USD (2023)
DESCRIPTION

Hillenbrand is a diversified industrial company with multiple market-leading brands that serve a wide variety of industries across the globe. Hillenbrand's portfolio is composed of two business segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service highly engineered industrial equipment around the world. Batesville is a recognized leader in the North American death care industry. Hillenbrand was founded in 1906 and is based in Batesville, Indiana.

DEAL STATS #
Overall 7 of 8
Sector (Machinery) 6 of 7
Type (Add-on Acquisition) 6 of 6
Country (France) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 TerraSource Global

St. Louis, Missouri, United States

TerraSource Global is a manufacturer of high-quality material sizing equipment based on the Gundlach, Jeffrey Rader and Pennsylvania Crusher brands. TerraSource Global is based in St. Louis, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Batesville

Batesville, Indiana, United States

Batesville is a death care company that offers a comprehensive portfolio of burial and cremation products, memorialization options, and innovative technology solutions. For more than a century, it has supported licensed funeral professionals in helping families honor the lives of those they love. Batesville is based in Batesville, Indiana.

Sell -

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Ik Investment Partners Ltd. (Formerly Industri Kapital) is a private equity firm that targets control investments in mid-sized manufacturing and service companies located in select European countries. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The firm looks to commit €50 to €150 million of equity capital per transaction and targets companies with 'a proven ability to generate significant cash flow' as well as an ability to 'sustain growth through various economic cycles'. IK Investment Partners was formerly known as Industry Kapital. IK Investment Partners was formed in 1989 and has offices in Hamburg, London, Paris, and Stockholm.

DEAL STATS #
Overall 102 of 117
Sector (Machinery) 11 of 11
Type (Add-on Acquisition) 38 of 41
Country (France) 19 of 26
Year (2022) 5 of 8
Size (of disclosed) 4 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 IG&H

Utrecht, Netherlands

IG&H is a Dutch digital transformation specialist with an end-to-end service offering, including consultancy and advisory, data analytics, low code application development, and digital solutions based on proprietary intellectual property. IG&H is based in Utrecht, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-28 Exxelia International

Paris, France

Exxelia International develops and manufactures complex passive components and electromechanical solutions for niche industrial markets such as aeronautics, space, defense, medical and rail, where product reliability and performance are essential. The Group serves institutional clients, systems and equipment manufacturers. Exxelia offers a complete and custom product range (capacitors, inductors, resistors, filters, position sensors, and rotary joints) embedded into a large number of programs including the Airbus A350 and Boeing 787 Dreamliner, the Ariane 6 launcher, satellite constellations (such as Galileo and Oneweb), the Rafale and F-35, subway coaches and high-speed trains and medical equipment such as MRI machines and defibrillators. EXXELIA was founded in 2009 and is based in Paris, France.

Sell €453M
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