M&A Deal Summary

New Horizon Capital Acquires Punch Powertrain

On January 1, 2014, private equity firm New Horizon Capital acquired manufacturer Punch Powertrain from GIMV

Acquisition Highlights
  • This is New Horizon Capital’s 1st transaction in the Manufacturing sector.
  • This is New Horizon Capital’s 1st transaction in Belgium.

M&A Deal Summary

Date 2014-01-01
Target Punch Powertrain
Sector Manufacturing
Buyer(s) New Horizon Capital
Sellers(s) GIMV
Deal Type Secondary Buyout
Advisor(s) DC Advisory (Financial)

Target

Punch Powertrain

Sint-Truiden, Belgium
Punch Powertrain offers full in-house development capabilities, advanced testing facilities, and manufacturing assets. Punch Powertrain was founded in 1972 and is based in Sint-Truiden, Belgium.

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Buyer(S) 1

DESCRIPTION

New Horizon Capital is a private equity firm focused on opportunities in China. New Horizon will consider both privately owned and state owned enterprises and has a special interest in businesses located in China's central and western regions. Sectors of interest include manufacturing, alternative energy, consumer products, consumer services, and healthcare. New Horizon Capital was formed in 2005 and is headquartered in Hong Kong.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Belgium M&A 1 of 1
Year: 2014 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 49 of 111
Sector: Manufacturing M&A 3 of 3
Type: Secondary Buyout M&A Deals 15 of 30
Country: Belgium M&A 16 of 35
Year: 2014 M&A 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 GOVECS

Grunwald, Germany

GOVECS works on the development, production and distribution of electric vehicles. GOVECS was founded in 2009 and is based in Grunwald, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-08 Wolf Lingerie

La Wantzenau, France

Wolf Lingerie is a manufacturer of lingerie products for women in France and internationally. Wolf Lingerie was founded in 1947 and is based in La Wantzenau, France.

Buy -