M&A Deal Summary

Legrand Acquires Raritan

On September 28, 2015, Legrand acquired technology hardware company Raritan from NewSpring Capital

Acquisition Highlights
  • This is Legrand’s 1st transaction in the Technology Hardware sector.
  • This is Legrand’s 10th transaction in the United States.
  • This is Legrand’s 2nd transaction in New Jersey.

M&A Deal Summary
Date 2015-09-28
Target Raritan
Sector Technology Hardware
Buyer(s) Legrand
Sellers(s) NewSpring Capital
Deal Type Add-on Acquisition

Target

Raritan

Somerset, New Jersey, United States
Raritan, Inc. is a provider of power management solutions and KVM-over-IP for data centers of all sizes.

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Buyer(S) 1

Buyer

Legrand

Limoges, France
Category Company
Founded 1865
Sector Electrical Equipment
Employees32,944
Revenue 8.4B EUR (2023)
DESCRIPTION

Legrand manufactures products and systems for low-voltage electrical installations and data networks used in residential, commercial and industrial buildings. The company operates primarily in France, Italy, Rest of Europe, the United States, and Canada. Legrand was founded in 1865 and is based in Limoges, France.

DEAL STATS #
Overall 35 of 52
Sector (Technology Hardware) 1 of 3
Type (Add-on Acquisition) 33 of 50
State (New Jersey) 2 of 2
Country (United States) 10 of 20
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-22 SJ Manufacturing Pte

Singapore, Singapore

SJ Manufacturing (2003) Pte Ltd. is a manufacturer of enclosure systems within the Asia Pacific region.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-18 QMotion Industries

Pensacola, Florida, United States

QMotion Advanced Shading Systems manufactures automated window coverings that are assembled in the United States and sold by a network of premium dealers and partners.

Buy -

Seller(S) 1

SELLER

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.

DEAL STATS #
Overall 31 of 86
Sector (Technology Hardware) 1 of 2
Type (Add-on Acquisition) 16 of 48
State (New Jersey) 3 of 8
Country (United States) 30 of 85
Year (2015) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-05 iPipeline

Exton, Pennsylvania, United States

iPipeline is a provider of cloud-based software solutions for the life insurance and financial services industries. Through its SSG Digital, end-to-end platform, iPipeline accelerates and simplifies sales, compliance, operations, and support. iPipeline provides process automation and seamless integration between every participant in its ecosystem including carriers, agents, general agencies, advisors, broker-dealers, RIAs, banks, securities/mutual fund firms, and consumers on a global basis.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Aviation Technical Services

Everett, Washington, United States

Aviation Technical Services (ATS) is a provider of third-party and single-site transport aircraft maintenance, repair, and overhaul services. Aviation Technical Services was founded in 1970 and is based in Everett, Washington.

Sell -
Mergr

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