M&A Deal Summary

Luvata Acquires ECO

On May 25, 2007, Luvata acquired electronics company ECO from Compass Partners International

Acquisition Highlights
  • This is Luvata’s 1st transaction in the Electronics sector.
  • This is Luvata’s 1st transaction in Italy.

M&A Deal Summary

Date 2007-05-25
Target ECO
Sector Electronics
Buyer(s) Luvata
Sellers(s) Compass Partners International
Deal Type Add-on Acquisition

Target

ECO

Udine, Italy
ECO SpA is a manufacturer of coils and coolers for the Heating, Ventilation, Air-Conditioning and Refrigeration industries (HVACR).

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Buyer(S) 1

Buyer

Luvata

London, United Kingdom

Category Company
Sector Metals/Mining
Employees7,140
Revenue 1.6B EUR (2013)
DESCRIPTION

Luvata is a provider in metal solution manufacturing, heat transfer technology and engineering and design services. Luvata's solutions are used in industries such as renewable energy, power generation, automotive, medicine, air-conditioning and industrial refrigeration. The company has a prominent global presence with manufacturing facilities in 13 countries concentrated in North America, Europe, and Asia. Luvata is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Electronics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2007 M&A 1 of 1

Seller(S) 1

SELLER

Compass Partners International

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 850M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Compass Partners International is a European private equity firm that targets investments in middle-market industrial manufacturing and services companies. Compass seeks controlling interests in 'under-managed' or capital-constrained businesses valued from €100 million to €750 million. Areas of interest include infrastructure, HVAC, aerospace/defense, capital goods, vending, controls/components, and machinery/equipment. The Firm will consider a variety of transaction situations, including turnarounds, recapitalization, corporate carve-outs, and growth capital financings. Compass Partners International was formed in 1997 and is based in London.


DEAL STATS #
Overall 5 of 9
Sector: Electronics M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 4
Country: Italy M&A 2 of 2
Year: 2007 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-30 ELIXIA SATS

Oslo, Norway

ELIXIA SATS is a fitness club operator in Norway and Finland with 30 clubs in Norway and 9 in Finland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-20 FlaktGroup

Herne, Germany

FlaktGroup is a provider of ventilation and air climate solutions for buildings as well as air movement solutions for industry and infrastructure applications. Flakt has built up expertise in applications by delivering BREEAM, LEED, DGNB or HQE solutions for major projects for: offices, hotels, hospitals, airports, and commercial construction projects including specialist applications like data-centers, pharmaceutical, marine, nuclear, oil and gas all over the world. FlaktGroup was formed in 2002 and is based in Herne, Germany.

Sell €460M