M&A Deal Summary

Oaktree Capital Management and BWK Acquire RAFI

On November 19, 2019, asset manager Oaktree Capital Management and private equity firm BWK acquired electrical equipment company RAFI

Acquisition Highlights
  • This is Oaktree Capital Management’s 7th and BWK’s 1st transaction in the Electrical Equipment sector.
  • This is Oaktree Capital Management’s 6th and BWK’s 25th transaction in Germany.

M&A Deal Summary

Date 2019-11-19
Target RAFI
Sector Electrical Equipment
Buyer(s) Oaktree Capital Management
BWK
Deal Type Buyout (LBO, MBO, MBI)

Target

RAFI

Ravensburg, Germany
RAFI is a provider of electromechanical components and systems for the Human-machine communication. RAFI offers pushbuttons, control and signaling units, signal lamps, short and full-travel eyswitches, electronic assemblies, and components. RAFI was founded in 1900 and is based in Ravensburg, Germany.

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Buyer(S) 2

DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 85 of 108
Sector (Electrical Equipment) 7 of 7
Type (Buyout (LBO, MBO, MBI)) 33 of 37
Country (Germany) 6 of 7
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 Selene Finance

Houston, Texas, United States

Selene Finance is a residential mortgage services company. Selene provides a full range of services that start at loan transfer and extend through the life of the loan to include technology integration, reporting, and goals setting. Selene Finance was founded in 2007 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-02 Acosta

Jacksonville, Florida, United States

Acosta Sales & Marketing provides outsourced sales, marketing and merchandising services to manufacturers, suppliers, and producers of consumer packaged goods. Acosta was founded in 1927 and is based in Jacksonville, Florida.

Buy -
Buyer

BWK

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 300M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BWK GMBH is a private equity firm focused on lower middle-market acquisitions and investments. The Firm looks to invest €5 to€30 million in companies with at least €10 to million €100 in revenue. Prospective transaction situations include buyouts, growth capital financings, and recapitalizations. BWK does not have any sector preferences, however, the Firm will not consider venture investments or turnaround situations. BWK GMBH is based in Stuttgart, Germany.


DEAL STATS #
Overall 26 of 31
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 8 of 11
Country (Germany) 25 of 28
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-22 Kreyer Holding

Schlob Holte, Germany

Kreyer Holding specializes in the trade-in components made of glass and stainless steel. The wide range of the Kreyer group consists on the one hand of canopies, shower cubicles, parapets, partition wall systems as well as sight and wind protection elements made of glass, on the other hand from the fittings and profiles, mostly made of stainless steel, necessary for fixing the glass elements. Kreyer Holding was formed in 2019 and is based in Schlob Holte, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Joma-Polytec

Bodelshausen, Germany

Joma-Polytec GmbH specialists for demanding injection-molded and extruded plastic parts and assemblies.

Sell -