M&A Deal Summary

Orano SA Acquires NxtPhase

On January 29, 2009, Orano SA acquired electrical equipment company NxtPhase from Endeavor Capital Management and Perseus

Acquisition Highlights
  • This is Orano SA’s 1st transaction in the Electrical Equipment sector.
  • This is Orano SA’s 1st transaction in Canada.
  • This is Orano SA’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2009-01-29
Target NxtPhase
Sector Electrical Equipment
Buyer(s) Orano SA
Sellers(s) Endeavor Capital Management
Perseus
Deal Type Add-on Acquisition

Target

NxtPhase

Vancouver, British Columbia, Canada
NxtPhase is a manufacturer and marketer of optical sensors and digital solutions to the electric power industry that enable improved measurement reliability and management of electric power transmission.

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Buyer(S) 1

Buyer

Orano SA

Courbevoie, France

Category Company
Sector Energy Services and Equipment
Revenue 3.6B EUR (2018)
DESCRIPTION

Orano SA is a multinational nuclear fuel cycle company engaged in uranium mining, conversion-enrichment, spent fuel recycling, nuclear logistics, dismantling, and nuclear cycle engineering activities.


DEAL STATS #
Overall 3 of 11
Sector (Electrical Equipment) 1 of 2
Type (Add-on Acquisition) 1 of 6
State (British Columbia) 1 of 1
Country (Canada) 1 of 2
Year (2009) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-17 Koblitz S.A.

Recife, Brazil

Koblitz S.A. is a provider of integrated solutions for power generation and co-generation (heat-generated power) from renewable sources.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-12 PN Rotor

Stade, Germany

PN Rotor GmbH is a German manufacturer of high performance rotor blades for offshore wind turbines.

Buy -

Seller(S) 2

SELLER

Endeavor Capital Management

Portland, Oregon, United States

Category Private Equity Firm
Founded 1988
Size Small
Type Sector Agnostic
DESCRIPTION

Endeavor Capital Management is a private investment firm that targets expansion investments and buyout opportunities valued up to $50 million. Endeavor also looks to acquire portfolios of expansion stage companies from individual, corporate or other private equity investors. Endeavor prefers opportunities located in North America and Europe, and targets businesses operating in the environmental technologies, energy/utilities, communications, software, business process outsourcing, and technology oriented manufacturing and service sectors. The Firm looks to commit $500k to $5 million per transaction. Endeavor Capital Management was formed in 1988 and is based in Westport, Connecticut.


DEAL STATS #
Overall 2 of 4
Sector (Electrical Equipment) 1 of 2
Type (Add-on Acquisition) 2 of 4
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-28 Enerwise Global

Kennett Square, Pennsylvania, United States

Enerwise Global is a provider of managed energy services to commercial and industrial customers.

Sell $76M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-12 SoftSwitching Technologies

Middleton, Wisconsin, United States

SoftSwitching Technologies Corp. is a provider of efficient and economical power conditioning and power quality solutions that correct short duration power quality events, enhance the availability and reliability of Uninterruptible Power Supply systems, controls electricity supply from distributed resources, and collects and compiles data on the connection between a customer premise and a utility grid.

Sell -
SELLER

Perseus

Washington, District of Columbia, United States

Category Merchant Bank
Founded 1995
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Perseus is a private equity firm focused on middle-market buyouts, recapitalizations, and growth equity investments. Perseus looks businesses operating with proven management, strong brands, and 'powerful intellectual property'. Sectors of interest include biotechnology, medical devices, branded consumer products, business services, information technology, communications, and energy/environmental service companies. Perseus was formed in 1995 and maintains offices in Washington DC, New York City, and Munich.


DEAL STATS #
Overall 20 of 31
Sector (Electrical Equipment) 4 of 6
Type (Add-on Acquisition) 14 of 22
State (British Columbia) 2 of 2
Country (Canada) 2 of 2
Year (2009) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-01 Physicians Interactive

Reading, Massachusetts, United States

Physicians Interactive, Inc. is a provider of digital sales and marketing solutions for pharmaceutical, biotech and medical device companies to reach physicians and other healthcare professionals via the internet. PI has developed more than 1,000 online programs for more than 150 brands throughout every stage of the product life cycle.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-01 Biometric Access

Pacific, Missouri, United States

Biometric Access Co. is a developer of fingerprint capture hardware and matching software.

Sell -