M&A Deal Summary

Manuli Stretch Acquires Hebu Holding B.V.

On January 16, 2008, Manuli Stretch acquired machinery company Hebu Holding B.V. from GIMV

Acquisition Highlights
  • This is Manuli Stretch’s 1st transaction in the Machinery sector.
  • This is Manuli Stretch’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2008-01-16
Target Hebu Holding B.V.
Sector Machinery
Buyer(s) Manuli Stretch
Sellers(s) GIMV
Deal Type Add-on Acquisition

Target

Hebu Holding B.V.

Krimpen a/d IJssel, Netherlands
HEBU, founded in 1940, is the Dutch market leader in hoses, pipes and accessories for hydraulic systems. For its service activities, HEBU maintains a network of outlets each with its own workplaces and warehouses. The company has 17 outlets in the Netherlands and Belgium and 10 mobile service buses for on-site repairs.

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Buyer(S) 1

Buyer

Manuli Stretch

Milan, Italy

Category Company
Founded 1970
Sector Environmental
DESCRIPTION

Since its founding in 1970, the Manuli Stretch Group has operated in the 100%-recyclable linear low-density polyethylene stretch film (LLDPE) sector and has been the first company in Europe to adopt the cast extrusion technology to produce stretch film.


DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2008 M&A 1 of 1

Seller(S) 1

SELLER

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.


DEAL STATS #
Overall 20 of 111
Sector: Machinery M&A 1 of 5
Type: Add-on Acquisition M&A Deals 6 of 58
Country: Netherlands M&A 6 of 29
Year: 2008 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-07 Movea SA

Grenoble, France

Movea, which is headquartered in Grenoble (France), was set up in March 2007 as a spin-out from French research institute CEA-Léti. It develops and sells solutions for recording human movement. Movea’s products are mobile, wireless, and cost and energy saving. Movea’s motion-sensing modules are aimed both at the consumer market, with pointing devices and mobile telephony, and at the health care market, including revalidation and recording of physical activities. In 2007, Movea acquired the US company Gyration, which specializes in pointing devices for digital media.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-19 Openbravo

Pamplona, Spain

Openbravo is a cloud Point-of-Sale (POS) and retail management software solution for agile retailing. Openbravo helps midsize and large businesses around the globe successfully manage their retail operations and embrace continuous change and innovation in today’s fast-changing business environment. Openbravo is based in Pamplona, Spain.

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