Buyout (LBO, MBO, MBI) • Automotive

Paine Schwartz Partners and Kinderhook Industries Acquire VCST Industrial Products N.V.

On October 5, 2003, private equity firms Paine Schwartz Partners and Kinderhook Industries acquired automotive company VCST Industrial Products N.V.

Acquisition Context
  • This is Paine Schwartz Partners’ 1st and Kinderhook Industries’ 1st transaction in the Automotive sector.
  • This is Paine Schwartz Partners’ 1st and Kinderhook Industries’ 1st transaction in Belgium.
Investment Fate
  • VCST Industrial Products N.V. was sold to a consortium of financial buyers in 2005 for 161M EUR.
  • VCST Industrial Products N.V. was sold to a consortium of financial buyers in 2009.
  • VCST Industrial Products N.V. was sold to a strategic buyer in 2016.

Explore All 499 Buyout (LBO, MBO, MBI) Automotive Deals - Search the Database Free


M&A Deal Summary

Date October 5, 2003
Target VCST Industrial Products N.V.
Sector Automotive
Buyer(s) Paine Schwartz Partners
Kinderhook Industries
Deal Type Buyout (LBO, MBO, MBI)

Target Company

VCST Industrial Products N.V.

St.-Truiden, Belgium
VCST Industrial Products N.V. is a designer and producer of precision gears for engines and transmissions, transmission shafts and brake system components, for cars, trucks as well as off-road vehicles.
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Buyers Overview 2

Buyer

Paine Schwartz Partners

San Mateo, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 6.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

Paine Schwartz Partners is a private equity firm specializing in sustainable food chain investing. The Firm targets control investments in the food and agriculture sectors and will consider opportunities globally. Paine Schwartz Partners was formerly known as Paine & Partners - and before that was part of Fox Paine & Co. Paine Schwartz Partners has offices in San Mateo, California and New York City.


Deal Context for Buyer #
Overall 11 of 46
Sector: Automotive 1 of 2
Type: Buyout (LBO, MBO, MBI) 9 of 16
Country: Belgium 1 of 1
Year: 2003 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-02 United American Energy

Woodcliff Lake, New Jersey, United States

United American Energy Corp. is a developer, acquirer, owns and manages electric generating facilities, including gas-fired co-generation, hydroelectric generation, and generation powered by coal and solid waste fuels.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-10 Maxxim Medical

Clearwater, Florida, United States

Maxxim Medical, Inc. is a developer, manufacturer and marketer of specialty medical products for hospitals.

Sell -
Buyer

Kinderhook Industries

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kinderhook Industries targets control investments in companies valued between $25 to $250 million. Prospective transaction situations include acquiring non-core divisions of public companies, existing small capitalization companies lacking institutional support, management buyouts of entrepreneurial-owned businesses, and troubled companies. Sectors of interest include consumer products and services, media, packaging, industrial products, communications, and business services. Kinderhook Industries was formed in 2003 and is based in New York, New York.


Deal Context for Buyer #
Overall 2 of 69
Sector: Automotive 1 of 14
Type: Buyout (LBO, MBO, MBI) 2 of 29
Country: Belgium 1 of 1
Year: 2003 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-11 United Tote

Louisville, Kentucky, United States

United Tote Corporation is a worldwide designer, manufacturer, supplier and service provider of computerized systems for the pari-mutuel racing industry, which includes thoroughbred, harness and greyhound racetracks, jai alai frontons, and off-track betting facilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-30 Nova Packaging Systems

Leominster, Massachusetts, United States

Nova Packaging Systems is a pharmaceutical packaging machinery industry. Nova designs, manufactures and integrates a wide variety of equipment for automated liquid and tablet filling systems.

Sell -