M&A Deal Summary

NORDEON Acquires Hess

On August 23, 2013, NORDEON acquired electrical equipment company Hess from HPE Growth Capital

Acquisition Highlights
  • This is NORDEON’s 1st transaction in the Electrical Equipment sector.
  • This is NORDEON’s 1st transaction in Germany.

M&A Deal Summary

Date 2013-08-23
Target Hess
Sector Electrical Equipment
Buyer(s) NORDEON
Sellers(s) HPE Growth Capital
Deal Type Add-on Acquisition

Target

Hess

Villingen-Schwenningen, Germany
Hess is a manufacturer of outdoor designer luminaires and has been a pioneer in LED-based outdoor lighting. With a broad-based luminaire portfolio, the company can meet all requirement for lighting design for urban spaces, as well as indoor and outdoor architectural lighting. Hess was founded in 1947 and is based in Villingen-Schwenningen, Germany.

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Buyer(S) 1

Buyer

NORDEON

Springe, Germany

Category Company
Sector Electrical Equipment
DESCRIPTION

NORDEON is a specialist for interior lighting from Springe that offers tailor-made LED lighting solutions for industry and retail. NORDEON is based in Springe, Germany.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

HPE Growth Capital

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

HPE Growth Capital is a private equity firm focused on late-stage growth investments in small and mid-cap technology companies within the Netherlands, Germany and Belgium. The Firm generally focuses on tech-related/scalable businesses. Specific areas of interest include energy and environmental technology, RFID and automation technology, connectivity/mobility, IT-security, embedded systems, transaction services, medical technology, and materials. Holland PE looks to be a significant minority shareholder and invests between €10 to €30 million per transaction. Holland Private Equity was formed in 2010 and has offices in Amsterdam and Dusseldorf.


DEAL STATS #
Overall 1 of 2
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Germany M&A 1 of 2
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 Cotesa

Mittweida, Germany

Cotesa engages in the serial production of high-quality fiber-reinforced composite components and sub-assemblies for application in the aircraft industry and, as of late, in the automotive industry. Cotesa GmbH has developed into a trusted supplier of primary aircraft structures, interior and exterior composite parts for all major aircraft programs of Airbus. Cotes was founded in 2002 and is based in Mittweida, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-12 Kreditech

Hamburg, Germany

Kreditech is a digital platform that uses big data and complex machine-learning algorithms to serve a simple mission: make faster, better, more credit decisions. Kreditech was founded in 2012 and is based in Hamburg, Germany.

Buy -