M&A Deal Summary

ITW Acquires Vesta Catering Equipment Co.

On July 3, 2013, ITW acquired manufacturer Vesta Catering Equipment Co. from Actis Capital

Acquisition Highlights
  • This is ITW’s 7th transaction in the Manufacturing sector.
  • This is ITW’s 2nd transaction in China.

M&A Deal Summary

Date 2013-07-03
Target Vesta Catering Equipment Co.
Sector Manufacturing
Buyer(s) ITW
Sellers(s) Actis Capital
Deal Type Add-on Acquisition

Target

Vesta Catering Equipment Co.

Guangzhou, China
Vesta Catering Equipment Co., Ltd is the designer and maker of Western style mid-range commercial kitchen equipment in China.

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Buyer(S) 1

Buyer

ITW

Glenview, Illinois, United States

Category Company
Founded 1912
Sector Manufacturing
Employees44,000
Revenue 15.9B USD (2024)
DESCRIPTION
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.

ITW is a manufacturer of a range of value-adding and short lead-time industrial products and equipment. ITW was founded in 1912 and is based in Glenview, Illinois.


DEAL STATS #
Overall 46 of 48
Sector: Manufacturing M&A 7 of 7
Type: Add-on Acquisition M&A Deals 41 of 41
Country: China M&A 2 of 2
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-09 Illinois Tool Works - Forkardt Operations

Germany

Illinois Tool Works - Forkardt Operations is a providers of high-precision, specialty and customized workholding devices for machine tools.

Sell $34M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-08 CCI

Tulsa, Oklahoma, United States

CCI is a leading network of commercial vehicle parts and service locations, with 100 retail stores, service shops and distribution center locations in the U.S. and Canada. CCI’s product offering includes full drivetrain, power take-off, suspension, brakes, hydraulics and related products, as well as repair and rebuilding services.

Sell -

Seller(S) 1

SELLER

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London, United Kingdom.


DEAL STATS #
Overall 40 of 92
Sector: Manufacturing M&A 1 of 2
Type: Add-on Acquisition M&A Deals 19 of 46
Country: China M&A 7 of 12
Year: 2013 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-24 Edita

Cairo, Egypt

Edita is the largest independent snack food business in North Africa with a suite of iconic much-loved brands including Twinkies, Hohos, Molto, Todo and Bake Rolz. Edita was founded in 1996 and is based in Cairo, Egypt.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-07 Paycorp

North Sydney, Australia

Paycorp is a high-growth technology business that provides payment services that allow clients to receive and process secure payment transactions. Paycorp acts as a local online Payment Solutions Provider (PSP), providing cutting-edge payment solutions to help organizations become PCI compliant, consolidate payment collection methods and improve efficiencies in managing receivables.

Buy $95M