M&A Deal Summary

Musashi Acquires The Hay Group

On May 9, 2016, Musashi acquired automotive company The Hay Group from Summit Partners and The Gores Group

Acquisition Highlights
  • This is Musashi’s 1st transaction in the Automotive sector.
  • This is Musashi’s 1st transaction in Germany.

M&A Deal Summary

Date 2016-05-09
Target The Hay Group
Sector Automotive
Buyer(s) Musashi
Sellers(s) Summit Partners
The Gores Group
Deal Type Add-on Acquisition

Target

The Hay Group

Bad Sobernheim, Germany
The Hay Group is the largest producer of high precision forged and machined steel automotive parts in Europe and has long-standing relationships with the top European OEM makers and suppliers.

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Buyer(S) 1

Buyer

Musashi

Toyohashi, Japan

Category Company
Founded 1938
Sector Automotive
Employees12,830
Revenue 349.9B JPY (2024)
DESCRIPTION

Musashi engages in manufacturing and sales of transportation equipment. The company provides various parts for automobiles, such as differential assemblies, side gears, and pinions; planetary assemblies, pinion gears, carrier cases and ring gears. Musashi was founded in 1938 and is based in Toyohashi, Japan.


DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Germany) 1 of 1
Year (2016) 1 of 1

Seller(S) 2

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 198 of 286
Sector (Automotive) 3 of 4
Type (Add-on Acquisition) 92 of 127
Country (Germany) 5 of 8
Year (2016) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 Adenza

New York, New York, United States

Adenza provides customers with end-to-end, trading, treasury, risk management, and regulatory compliance platforms which can be delivered on-premise or on-cloud. It enables financial institutions to consolidate and streamline their operations with front-to back solutions integrated with data management and reporting, benefitting from a single source of truth across the business. Adenza is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-13 Acacia Communications

Maynard, Massachusetts, United States

Acacia Communications, Inc. provides advanced solutions to the optical transport and network infrastructure equipment market for coherent 100G, 200G, 400G and beyond transceivers. Acacia designs, manufactures and sells leading-edge optical transponder technology that enables customers to reduce overall development costs while increasing performance and reducing time to market. Acacia Communications was formed in 2009 and is headquartered in Maynard, Massachusetts.

Sell -
SELLER

The Gores Group

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION
The Gores Group's headquarters in Beverly Hills, California.
The Gores Group's headquarters in Beverly Hills, California.

The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.


DEAL STATS #
Overall 52 of 66
Sector (Automotive) 2 of 3
Type (Add-on Acquisition) 24 of 30
Country (Germany) 3 of 3
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-03 Etrali Trading Solutions

Paris, France

Etrali Trading Solutions Co. is a provider of voice and electronic trading infrastructure and compliance services for the banking and trading communities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-16 Data Blue

Atlanta, Georgia, United States

Data Blue LLC delivers customized storage, backup and server virtualization and consolidated solutions to enterprise customers in North America. Data Blue was formed to redefine the Value Added Reseller space, offering both the customer and manufacturer something that’s a step above what is currently available in the marketplace. Data Blue delivers customized storage, backup and server virtualization and consolidation solutions to the Enterprise, with specific emphasis on Fortune 1000 companies. By utilizing our vast cross-platform integration expertise and unparalleled product knowledge, we deliver solutions that are perfectly tailored to meet the unique needs of your environment.

Buy -