M&A Deal Summary

Park-Ohio Acquires SAET

On November 17, 2014, Park-Ohio acquired engineering company SAET from Star Capital for 18M EUR

Acquisition Highlights
  • This is Park-Ohio’s 1st transaction in the Engineering sector.
  • This is Park-Ohio’s 2nd largest (disclosed) transaction.
  • This is Park-Ohio’s 1st transaction in Italy.

M&A Deal Summary
Date 2014-11-17
Target SAET
Sector Engineering
Buyer(s) Park-Ohio
Sellers(s) Star Capital
Deal Type Add-on Acquisition
Deal Value 18M EUR

Target

SAET

Leinì, Italy
Saet Group is a supplier of induction heating equipment in the automotive and wind energy industries.

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Buyer(S) 1

Buyer

Park-Ohio

Cleveland, Ohio, United States
Category Company
Founded 1907
Sector Machinery
Employees6,300
Revenue 1.7B USD (2023)
DESCRIPTION

Park-Ohio is a diversified industrial holding company providing integrated supply chain management services and highly engineered products. Park-Ohio was founded in 1907 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 4 of 10
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 3 of 9
Country (Italy) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Henry Halstead

Preston, United Kingdom

Henry Halstead Ltd. is a distributor of component management systems to automotive, electronics, furniture, appliances, machine tool builders, and other manufacturing industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 GH Electrotermia SA

Valencia, Spain

GH Electrotermia SA is a designer, manufacturer and tester of induction heating equipment and heat treat solutions.

Buy -

Seller(S) 1

SELLER

Star Capital

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2000
PE ASSETS 401M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Star Capital is a private equity firm focused on lower middle-market acquisitions of Italian companies. The Firm targets profitable businesses with €15 to €50 million of EBITDA and €3 to €10 million of revenue. Star Capital is a generalist investor, however the Firm will not consider early-stage or distressed companies. Star Capital was formed in 2000 and is headquartered in Milan.

DEAL STATS #
Overall 5 of 11
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 2 of 6
Country (Italy) 4 of 10
Year (2014) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-10 CastFutura

Terno D'isola, Italy

CastFutura S.p.A. is a manufacturer of components for appliances and heating equipment, with leading market positions in Europe, Middle East, North Africa and Poland. The company is based in Italy, and it has manufacturing facilities in Italy, Hungary, Egypt, Bulgaria and Poland.

Buy €25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 Vetriceramici

Casola Valsenio, Italy

Vetriceramici S.p.A. designs, develops, manufactures, and supplies special products for the ceramics industry. Vetriceramici produces fusion colored grains, technical grains, matte colored micro-grains, frits, double charge products, ceramic glazes, and inks for digital printing.

Sell €83M
Mergr

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