M&A Deal Summary

Mitsubishi-Hitachi Metals Machinery Acquires GFG

On November 28, 2005, Mitsubishi-Hitachi Metals Machinery acquired manufacturer GFG from KPS Capital Partners

Acquisition Highlights
  • This is Mitsubishi-Hitachi Metals Machinery’s 1st transaction in the Manufacturing sector.
  • This is Mitsubishi-Hitachi Metals Machinery’s 1st transaction in the United States.
  • This is Mitsubishi-Hitachi Metals Machinery’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2005-11-28
Target GFG
Sector Manufacturing
Buyer(s) Mitsubishi-Hitachi Metals Machinery
Sellers(s) KPS Capital Partners
Deal Type Add-on Acquisition

Target

GFG

Sussex, Wisconsin, United States
Headquartered in Wisconsin, GFG is the world?s leading designer and manufacturer of roll coating equipment and lines and electrostatic oilers under the Peabody name. GFG was formerly a subsidiary of Genesis Worldwide II, Inc. (?Genesis II?), a company KPS jointly owns with another private equity firm.

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Buyer(S) 1

Buyer

Mitsubishi-Hitachi Metals Machinery

Tokyo, Japan

Category Company
Sector Manufacturing
DESCRIPTION

Mitsubishi-Hitachi Metals Machinery is well aware of our position in the world market. We are constantly expanding across the globe and continually developing new and unique technologies while remaining mindful of the environment.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Wisconsin M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1

Seller(S) 1

SELLER

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 21.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $200 million to $2 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York, New York.


DEAL STATS #
Overall 3 of 36
Sector: Manufacturing M&A 1 of 6
Type: Add-on Acquisition M&A Deals 2 of 20
State: Wisconsin M&A 1 of 4
Country: United States M&A 2 of 29
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-01 Ebro Electronic & Co

Ingolstadt, Germany

Headquartered in Ingolstadt, Germany, Ebro Electronic GmbH & Co. (“Ebro”) is one of the producers of instruments that measure temperature, pressure, humidity, and pH.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-03 Ashcroft

Stratford, Connecticut, United States

Ashcroft, Inc. is a manufactures a variety of pressure gauges, transducers, transmitters, pressure and temperature switches and other devices used in a wide variety of applications and industries.

Sell -