M&A Deal Summary

Orica Acquires GroundProbe

On December 20, 2017, Orica acquired technology hardware company GroundProbe from Crescent Capital Partners for 205M AUD

Acquisition Highlights
  • This is Orica’s 1st transaction in the Technology Hardware sector.
  • This is Orica’s 4th largest (disclosed) transaction.
  • This is Orica’s 3rd transaction in Australia.

M&A Deal Summary

Date 2017-12-20
Target GroundProbe
Sector Technology Hardware
Buyer(s) Orica
Sellers(s) Crescent Capital Partners
Deal Type Add-on Acquisition
Deal Value 205M AUD

Target

GroundProbe

Windsor, Australia
GroundProbe is a global market leader in the provision of critical monitoring and measurement technologies for the mining sector. Its radar and laser-based monitoring systems, combined with advanced processing and analytic software, provide mining customers with geotechnical slope stability monitoring for improved mine productivity and safety. GroundProbe is based in Windsor, Australia.

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Buyer(S) 1

Buyer

Orica

East Melbourne, Australia

Category Company
Founded 1874
Sector Chemicals
Employees14,000
Revenue 7.7B AUD (2024)
DESCRIPTION

Orica is a provider of commercial explosives and blasting systems to the mining and infrastructure markets, the provider of ground support in mining and tunneling, and a supplier of sodium cyanide for gold extraction. Orica was founded in 1874 and is based in East Melbourne, Australia.


DEAL STATS #
Overall 6 of 8
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 7
Country: Australia M&A 3 of 3
Year: 2017 M&A 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-28 Ixom

Victoria, Australia

Ixom is a global chemicals business focused on providing water treatment and chemical distribution services in Australia and New Zealand, with a growing presence in North and South America and Asia.

Sell $750M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-12 Minova

Addlestone, United Kingdom

Minova is a global manufacturer and supplier of securing and solidifying agents for mining and infrastructure customers, supplying both steel products (anchors, steel mesh, etc.) as well as chemical products (resins) and making it one of the top 3 in all relevant markets heard. Minova was founded in 1882 and is based in Addlestone, United Kingdom.

Sell €114M

Seller(S) 1

SELLER

Crescent Capital Partners

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 4.5B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Crescent Capital Partners is a private equity firm focused on mid-sized company investments in Australia and New Zealand. The Firm does not have any sector preferences and looks to be a 'hands on' investor in assisting portfolio companies with strategy and operation support. Crescent Capital is based in Sydney.


DEAL STATS #
Overall 10 of 14
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 6
Country: Australia M&A 5 of 8
Year: 2017 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-23 Tigerlily

Alexandria, Australia

Tigerlily is an online retailer of women's clothing. Tigerlily was founded in 2000 and is based in Alexandria, Australia.

Buy AU$60M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-23 Steel-Line Garage Doors

Darra, Australia

Steel-Line Garage Doors is the largest garage door manufacturer with a strong national presence, servicing the Australian market for the past 40 years. Steel-Line has an owned and truly national distribution network of 21 branches through which we sell, install and service residential garage doors. Product sales are made both direct to consumers, builders, and resellers through the Steel-Line and Dynamic Door Services brands. Steel-Line Garage Doors is based in Darra, Australia.

Sell -