M&A Deal Summary

Lone Star Funds Acquires SPX FLOW

On December 13, 2021, private equity firm Lone Star Funds acquired manufacturer SPX FLOW for 3.8B USD

Acquisition Highlights
  • This is Lone Star Funds’ 1st transaction in the Manufacturing sector.
  • This is Lone Star Funds’ 2nd largest (disclosed) transaction.
  • This is Lone Star Funds’ 9th transaction in the United States.
  • This is Lone Star Funds’ 2nd transaction in North Carolina.

M&A Deal Summary
Date 2021-12-13
Target SPX FLOW
Sector Manufacturing
Buyer(s) Lone Star Funds
Deal Type Going Private
Deal Value 3.8B USD
Advisor(s) Morgan Stanley (Financial)
Winston & Strawn (Legal)

Target

SPX FLOW

Charlotte, North Carolina, United States
SPX FLOW solves processing challenges, helping customers lower costs, increase uptime, save energy, reduce waste, and improve quality. The company's product offering is concentrated in process technologies that perform mixing, blending, fluid handling, separation, thermal heat transfer, and other activities that are integral to processes performed across a wide variety of nutrition, health, and precision solutions markets. SPX FLOW was founded in 2015 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Lone Star Funds

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 85.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lone Star Funds is a global private investment firm focused on investing across several strategies. The Firm's primary investment activity surrounds financial services and real estate. Lone Star generally looks to acquire distressed debt and equity assets including corporate, commercial real estate, single family residential and consumer debt products as well as banks and asset rich operating companies. Lone Star was formed in 1995 and is based in Dallas, Texas with additional offices across Western Europe and Asia.

DEAL STATS #
Overall 20 of 26
Sector (Manufacturing) 1 of 2
Type (Going Private) 3 of 3
State (North Carolina) 2 of 2
Country (United States) 9 of 12
Year (2021) 2 of 2
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 MBCC Group

Mannheim, Germany

MBCC Group is a supplier of construction chemicals and solutions worldwide and has emerged from the carve-out of the former BASF Construction Chemicals business from BASF Group. The company offers innovative and sustainable products and solutions for the construction industry across different sectors, such as buildings, structures, underground construction, new construction, as well as for renovation. Its strong brands Master Builders Solutions, PCI, Thermotek, Wolman, Colorbiotics and Watson Bowman Acme are well established in the marketplace. MBCC Group is based in Mannheim, Germany.

Sell Fr.5.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-17 Altadia Group

Castellón, Spain

Altadia is a manufacturer of intermediate products for the production of ceramic tiles. Altadia employs people across 19 countries with a global manufacturing footprint consisting of 32 production plants and 19 distribution centers. Altadia is based in Castellón, Spain.

Sell -
Mergr

Product

Company

Legal