M&A Deal Summary

Michelin Acquires Sascar Tecnologia Automotiva

On June 9, 2014, Michelin acquired safety/security company Sascar Tecnologia Automotiva from GP Investments for 520M EUR

Acquisition Highlights
  • This is Michelin’s 1st transaction in the Safety/Security sector.
  • This is Michelin’s 3rd largest (disclosed) transaction.
  • This is Michelin’s 1st transaction in Brazil.

M&A Deal Summary
Date 2014-06-09
Target Sascar Tecnologia Automotiva
Sector Safety/Security
Buyer(s) Michelin
Sellers(s) GP Investments
Deal Type Add-on Acquisition
Deal Value 520M EUR

Target

Sascar Tecnologia Automotiva

Santana de Parnaíba, Brazil
Sascar Tecnologia Automotiva is a provider of digital fleet management and freight security services. The Company has developed a strong presence in the independent trucker and small truck fleet segment in Brazil, which underpins the country’s land transportation market. Sascar Tecnologia Automotiva is based in Santana de Parnaíba, Brazil.

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Buyer(S) 1

Buyer

Michelin

Clermont-Ferrand, France
Category Company
Founded 1863
Sector Automotive
Employees117,540
Revenue 28.3B EUR (2023)
DESCRIPTION
View of Michelin's North American headquarters in Greenville, South Carolina.
View of Michelin's North American headquarters in Greenville, South Carolina.

Michelin is a manufacturer and marketer of tires for every type of vehicle, including airplanes, automobiles, bicycles/motorcycles, earthmovers, farm equipment and trucks. It also offers electronic mobility support services on ViaMichelin.com and publishes travel guides, hotel and restaurant guides, maps and road atlases. Michelin was founded in 1863 and is based in Clermont-Ferrand, France.

DEAL STATS #
Overall 4 of 20
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 2 of 15
Country (Brazil) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-18 Async Technologies

Ennis, Ireland

Async Technologies Ltd. developed systems to extend the lifetime of tyres on large commercial vehicle fleets by monitoring tyre health and scheduling maintenance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-14 Allopneus SAS

France

Allopneus SAS is a French internet tire retailer.

Buy -

Seller(S) 1

SELLER

GP Investments

Sao Paulo, Brazil
Category Private Equity Firm
Founded 1993
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GP Investments is a publicly-traded private equity group that targets opportunities in Latin/South America. GP targets mature businesses in traditional industries with revenues greater than $60 million (US). Prospective transaction situations include consolidations, non-core divestitures, acquisitions of family-owned businesses, recapitalizations, and restructurings. The Firm prefers control positions when pursuing transactions. GP will not invest in start-ups and avoids tech-related or biotech companies. GP was formed in 1993 and has offices in Bermuda and Sao Paulo, Brazil.

DEAL STATS #
Overall 7 of 11
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 2 of 3
Country (Brazil) 6 of 9
Year (2014) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-09 Fogo de Chao

Dallas, Texas, United States

Fogo de Chao is a Brazilian steakhouse, or churrascaria, which has specialized in fire-roasting high-quality meats utilizing the centuries-old Southern Brazilian cooking technique of churrasco. Fogo de Chao was founded in 1979 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-15 BR Towers

Sao Paulo, Brazil

BR Towers offers telecom tower sharing solutions that help driving mobile communication in Brazil. BR Towers works with experienced professionals that come from a highly qualified background in telecommunications. BR Towers is based in Sao Paulo, Brazil.

Sell -
Mergr

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