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M&A Deal Summary

Palero Acquires EVANTEC

On March 11, 2015, private equity firm Palero acquired infrastructure company EVANTEC from E.ON

Acquisition Highlights
  • This is Palero’s 1st transaction in the Infrastructure sector.
  • This is Palero’s 7th transaction in Germany.
Investment Fate
  • EVANTEC was sold to a publicly-traded strategic buyer in 2016.

M&A Deal Summary
Date 2015-03-11
Target EVANTEC
Sector Infrastructure
Buyer(s) Palero
Sellers(s) E.ON
Deal Type Divestiture

Target

EVANTEC

Munich, Germany
EVANTEC GmbH is a provider of technical infrastructure and nuclear services for energy plants and other sites. EVANTEC offers highly specialized services and tailored concepts which ensure that operations in the plants and facilities of its business partners run safely, smoothly and in an efficient manner. EVANTEC GmbH was founded in 1982 and is based in Munich, Germany.

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Buyer(S) 1

Buyer

Palero

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Palero is a private investment firm focused on growth-oriented company investments throughout German-speaking Europe. The Firm looks to invest up to €20 million in mid-sized companies with revenues of €30 to €300 million. Palero does not have any sector preferences. Palero was established in 2010 and is headquartered in Munich, Germany.

DEAL STATS #
Overall 9 of 17
Sector: Infrastructure M&A 1 of 1
Type: Divestiture M&A Deals 8 of 10
Country: Germany M&A 7 of 14
Year: 2015 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-09 Felina

Mannheim, Germany

Felina is a lingerie brand that offers exquisite lingerie with a high comfort factor for today’s confident women who seek the ideal combination of an elegant, seductive look, perfect fit, and excellent quality even in large cup sizes. Felina was founded in 1885 and is based in Mannheim, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 cenadruck

Alfeld, Germany

cenadruck manufactures flexible packaging solutions on rolls and pre-assembled pouches from a broad range of materials and combinations of materials. The product portfolio comprises paper, paperboard as well as a broad range of foil laminated products. cenadruck serves major German food producers. cenadruck was founded in 2012 and is based in Alfeld, Germany.

Sell -

Seller(S) 1

SELLER

E.ON

Essen, Germany
Category Company
Founded 1923
Sector Energy Services and Equipment
Employees65,515
Revenue 80.1B EUR (2024)
DESCRIPTION

E.ON focuses on renewables, distribution networks, and customer solutions. Its conventional generation, global energy trading, and exploration and production businesses will be combined in a new, independent company. E.ON was founded in 1923 and is based in Essen, Germany.

DEAL STATS #
Overall 8 of 9
Sector: Infrastructure M&A 1 of 1
Type: Divestiture M&A Deals 7 of 8
Country: Germany M&A 2 of 2
Year: 2015 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 Home Energy Services

Nottingham, United Kingdom

Home Energy Services Ltd. is a provider of boiler and central heating maintenance, installation and repair solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 E.ON Coal & Gas Generation Assets

Rome, Italy

E.ON Coal & Gas Generation Assets comprises capacity of approximately 4,500 megawatts. They consist of an approximately 600 megawatt coal-fired power plant in Sardinia (Fiume Santo) and approximately 3,900 megawatts of gas-fired power capacity across six power plants located on the Italian mainland and in Sicily.

Sell -
Mergr

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