M&A Deal Summary

MITA Cooling Technologies S.r.l. Acquires TORRAVAL Cooling S.L.

On December 1, 2012, MITA Cooling Technologies S.r.l. acquired energy services and equipment company TORRAVAL Cooling S.L. from PHI Industrial

Acquisition Highlights
  • This is MITA Cooling Technologies S.r.l.’s 1st transaction in the Energy Services and Equipment sector.
  • This is MITA Cooling Technologies S.r.l.’s 1st transaction in Spain.

M&A Deal Summary

Date 2012-12-01
Target TORRAVAL Cooling S.L.
Sector Energy Services and Equipment
Buyer(s) MITA Cooling Technologies S.r.l.
Sellers(s) PHI Industrial
Deal Type Add-on Acquisition

Target

TORRAVAL Cooling S.L.

Leioa, Spain
TORRAVAL Cooling S.L. manufactures cooling towers and heat exchangers and additionally offers high-quality installation and complete maintenance services to the energy, refrigeration and H.V.A.C markets.

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Buyer(S) 1

Buyer

MITA Cooling Technologies S.r.l.

Siziano, Italy

Category Company
Founded 1960
Sector Energy Services and Equipment
DESCRIPTION

MITA Cooling Technologies S.r.l. is a designer, manufacturer, and seller of open and closed circuit cooling towers, evaporative condensers, adiabatic coolers and condensers, gas coolers, sub coolers, and complete cooling systems.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Spain M&A 1 of 1
Year: 2012 M&A 1 of 1

Seller(S) 1

DESCRIPTION

PHI Industrial is a generalist private investment firm focused on acquiring non-core divestitures or family-owned companies facing succession issues. PHI will consider opportunities across Europe generating revenues of €20 to €250 million. PHI Industrial was formed in 2006 and has offices in Barcelona and Madrid.


DEAL STATS #
Overall 1 of 4
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Spain M&A 1 of 2
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-30 Abelan Board Industrial

Barcelona, Spain

Abelan Board Industrial is a major producer of core board and solid board packaging products operating out of Southern Europe. Abelan has two key areas of expertise: the production of core board, for cardboard tubes, boxes and other applications within packaging, and its solid board packaging division, which supplies a large variety of boxes and trays to major distribution brands in the European agricultural, meat, flower and various other industries. Abelan Board Industrial was founded in 1911 and is based in Barcelona, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-11 Newark Group International S.L.

Barcelona, Spain

Newark Group International, S.L. is the European Division of The Newark Group, a manufacturer of recycled paperboard and converted paperboard products. The division is based in Barcelona and currently operates eight manufacturing facilities in Western Europe.

Buy -