Investment Summary

PAI Partners Invests In Souriau-Sunbank Connection Technologies

On May 5, 2011, private equity firm PAI Partners invested in electrical equipment company Souriau-Sunbank Connection Technologies

Investment Highlights
  • This is PAI Partners’ 1st transaction in the Electrical Equipment sector.
  • This is PAI Partners’ 19th transaction in France.
  • This is PAI Partners’ 1st transaction in Pennsylvania.
Investment Fate
  • Souriau-Sunbank Connection Technologies was sold to a consortium of buyers in 2011 for 705M USD.
  • Souriau-Sunbank Connection Technologies was divested to a consortium of strategic buyers in 2019 for 920M USD.

Investment Summary

Date 2011-05-05
Target Souriau-Sunbank Connection Technologies
Sector Electrical Equipment
Investor(s) PAI Partners
Deal Type Growth Capital

Target

Souriau-Sunbank Connection Technologies

Versailles, Pennsylvania, France
Souriau SAS is a provider in connector solutions for industrial, military aeronautics and aerospace applications. The company makes a wide range of interconnection systems for severe environments (high pressure, extreme temperature, marine environments, exposure to electromagnetic or nuclear radiation, etc.)

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Investor(S) 1

Investor

PAI Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 28.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.


DEAL STATS #
Overall 35 of 95
Sector: Electrical Equipment M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: France M&A 19 of 42
Year: 2011 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-05 Kereis

Paris, France

Kereis is a pioneer in protection insurance brokerage both in France and Europe, and specializes in credit protection. The company has invested significantly over the past years to diversify its distribution channels and develop its digital offering. Kereis was founded in 1991 and is based in Paris, France.

Sell €800M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-09 Gruppo Coin

Mestre Venezia, Italy

Gruppo Coin is an Italian apparel retailer operating c. 800 stores in Italy and 90 overseas. The company employs 9,500 people. The group operates through two brands: Oviesse "OVS" which offers "value for money" clothing for women, men and children and Coin department stores which target more affluent customers, selling clothing for men, women and children, as well as accessories, underwear, home decoration, perfumes and cosmetics.

Sell €1.7B