M&A Deal Summary

IDEC Acquires APEM

On April 12, 2017, IDEC acquired electrical equipment company APEM from Equistone and Intermediate Capital Group

Acquisition Highlights
  • This is IDEC’s 1st transaction in the Electrical Equipment sector.
  • This is IDEC’s 1st transaction in France.

M&A Deal Summary

Date 2017-04-12
Target APEM
Sector Electrical Equipment
Buyer(s) IDEC
Sellers(s) Equistone
Intermediate Capital Group
Deal Type Add-on Acquisition

Target

APEM

Caussade, France
APEM is a manufacturer of switches, keyboards, joysticks or LED indicators. APEM products have various applications in the transport, defense, industrial automation, instrumentation, medical, telecommunication and aerospace industries. The company has activities in France, UK, Denmark, Sweden, Italy, in the US, in China, and Tunisia and generated 67% of its sales outside of France.

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Buyer(S) 1

Buyer

IDEC

Osaka, Japan

Category Company
Sector Safety/Security
DESCRIPTION

IDEC is a manufacturer of high quality controls and safety products for industrial environments. IDEC has a recognized leading position in Japan and Asia, and a proven track record in innovation and quality. For more than 70 years, IDEC has designed and manufactured high quality products. IDEC has manufacturing facilities in Japan, Taiwan, Thailand and China.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 2

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 146 of 206
Sector: Electrical Equipment M&A 7 of 10
Type: Add-on Acquisition M&A Deals 48 of 70
Country: France M&A 47 of 62
Year: 2017 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-22 Meilleurtaux

Paris, France

Meilleurtaux is a financial services provider with a broad and diversified range of financial services including loan insurance and mortgage brokerage, debt consolidation solutions, savings & investment products as well as P&C and health insurance distribution and brokerage offerings, available both online and through France’s largest network of 340 brokerage branches. Meilleurtaux was founded in 1999 and is based in Paris, France.

Sell £700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-12 EuroAvionics Holding

Pforzheim, Germany

EuroAvionics is a manufacturer of civil certified systems for helicopters and airplanes. The Company was founded in 1993 and has since developed into a modern aerospace supplier.EuroAvionics is headquartered in Pforzheim. The Company employs an international team of more than 40 highly qualified IT and development professionals.

Sell -
SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 185 of 225
Sector: Electrical Equipment M&A 8 of 8
Type: Add-on Acquisition M&A Deals 55 of 69
Country: France M&A 47 of 59
Year: 2017 M&A 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-16 BodyBell

Madrid, Spain

Bodybell is the largest independent chain of personal care and beauty retail in Spain. with 240 stores, Bodybell is the a good platform in a sector that continues to present opportunities for consolidation in the medium term.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-13 HMY Group

Moneteau, France

HMY Group is a provider of retail store fixtures and related services. The company designs, manufactures, delivers and installs a full range of equipment and furnishings for supermarkets and hypermarkets. HMY Group was founded in 1960 and is based in Moneteau, France.

Sell -