M&A Deal Summary

J.P. Morgan Private Equity Group Acquires GETEC

On November 19, 2021, private equity firm J.P. Morgan Private Equity Group acquired energy services and equipment company GETEC from EQT and GEH

Acquisition Highlights
  • This is J.P. Morgan Private Equity Group’s 1st transaction in the Energy Services and Equipment sector.
  • This is J.P. Morgan Private Equity Group’s 1st transaction in Germany.

M&A Deal Summary
Date 2021-11-19
Target GETEC
Sector Energy Services and Equipment
Buyer(s) J.P. Morgan Private Equity Group
Sellers(s) EQT
GEH
Deal Type Secondary Buyout

Target

GETEC

Magdeburg, Germany
GETEC offers tailor-made, efficient, and sustainable energy solutions to industrial and real estate companies, designed and realized by a pool of highly qualified engineers. GETEC was founded in 1993 and is based in Magdeburg, Germany.

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Buyer(S) 1

Buyer

J.P. Morgan Private Equity Group

Category Private Equity Firm
Size Mega
Type Sector Agnostic
DESCRIPTION

J.P. Morgan Investment Management Inc. is the private equity and alternative investments group within JP Morgan Chase bank. The Unit was established in 1984 and is headquartered in New York City.

DEAL STATS #
Overall 6 of 8
Sector (Energy Services and Equipment) 1 of 2
Type (Secondary Buyout) 2 of 2
Country (Germany) 1 of 1
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-25 Simply Organic Beauty

St. Petersburg, Florida, United States

Simply Organic Beauty is a developer and provider of luxury, professional-only, organic & clean beauty products. The Company has built a dedicated community of professional beauty customers over the last 20 years by maintaining a strong focus on the health, wellness, success, and continued education of the professional beauty artisan. Simply Organic Beauty is based in St. Petersburg, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-24 SJI

Folsom, New Jersey, United States

SJI is an energy infrastructure holding company that delivers energy services to customers through two primary subsidiaries: SJI Utilities (SJIU) and SJI Energy Enterprises (SJIEE). SJIU houses the company’s regulated natural gas utility operations, delivering safe, reliable, and affordable natural gas to more than 700,000 residential, commercial and industrial customers across New Jersey via its South Jersey Gas and Elizabethtown Gas subsidiaries. SJIEE houses the company’s non-utility operations primarily focused on clean energy development and decarbonization via renewable energy production and energy management activities. SJI was founded in 1910 and is based in Folsom, New Jersey.

Buy $8.1B

Seller(S) 2

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 50.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 157 of 179
Sector (Energy Services and Equipment) 3 of 3
Type (Secondary Buyout) 47 of 57
Country (Germany) 30 of 34
Year (2021) 21 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-19 Icon Group

South Brisbane, Australia

Icon Group is an integrated cancer care provider with a number clinics providing Radiation Oncology, Medical Oncology and Pharmacy Compounding. Icon Group was founded in 2012 and is based in South Brisbane, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 3Shape

Copenhagen, Denmark

3Shape is a provider of art scanning solutions and software for dentists and dental laboratories in over 100 countries. 3Shape was founded in 2000 and is based in Copenhagen, Denmark.

Buy -
SELLER

GEH

Hannover, Germany
Category Company
Sector Energy Services and Equipment
DESCRIPTION

GEH engages in the development of renewable energy solutions, design and operations of decentralized electricity transmission networks, and tailored procurement of energy. GEH and its subsidiaries GETEC Energie GmbH, GETEC Green Energy GmbH, GETEC Net GmbH, and other industrial holdings.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Germany) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-07 GETEC

Magdeburg, Germany

GETEC offers tailor-made, efficient, and sustainable energy solutions to industrial and real estate companies, designed and realized by a pool of highly qualified engineers. GETEC was founded in 1993 and is based in Magdeburg, Germany.

Buy -
Mergr

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