M&A Deal Summary

Patricia Industries Acquires Piab

On April 30, 2018, private equity firm Patricia Industries acquired machinery company Piab from EQT for 7.0B SEK

Acquisition Highlights
  • This is Patricia Industries’ 1st transaction in the Machinery sector.
  • This is Patricia Industries’ 2nd largest (disclosed) transaction.
  • This is Patricia Industries’ 6th transaction in Sweden.

M&A Deal Summary
Date 2018-04-30
Target Piab
Sector Machinery
Buyer(s) Patricia Industries
Sellers(s) EQT
Deal Type Secondary Buyout
Deal Value 7.0B SEK

Target

Piab

Taby, Sweden
Piab is a provider of smart solutions for the automated world, helping thousands of end users and machine producers in e-commerce logistics, food, pharma, automotive and other manufacturing industries to improve energy-efficiency, productivity and working environments. By leveraging the ongoing technological development in automation and robotics, and targeting high-growth segments and geographies, Piab's vision is to become the global leader in gripping and moving solutions. Piab was founded in 1951 and is based in Taby, Sweden.

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Buyer(S) 1

Buyer

Patricia Industries

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Patricia Industries is a diversified investor in mid-sized companies throughout Scandinavia and North America. The Firm is a part of publicly traded investor group Investor AB and looks to make long-term commitments in partnership with growth companies. Patricia Industries was formed in 1995 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 9 of 10
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 6 of 7
Country (Sweden) 6 of 6
Year (2018) 2 of 2
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-12 Sarnova

Dublin, Ohio, United States

Sarnova is a U.S. specialty distributor of healthcare products for the emergency preparedness and acute care markets. The company is comprised of four major business units: Bound Tree Medical, Cardio Partners, Emergency Medical Products and Tri-anim Health Services. Sarnova was founded in 2008 and is based in Dublin, Ohio.

Buy $903M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-12 Aleris Healthcare

Stockholm, Sweden

Aleris Healthcare is a provider of specialty care, healthcare and radiology with a strong footprint across Scandinavia. The company’s specialist care operations cover hospitals, outpatient clinics, radiology and labs through more than 100 units with approximately one million radiological examinations annually. Aleris Healthcare was founded in 1996 and is based in Stockholm, Sweden.

Sell -

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 104 of 188
Sector (Machinery) 10 of 13
Type (Secondary Buyout) 29 of 57
Country (Sweden) 28 of 33
Year (2018) 3 of 11
Size (of disclosed) 22 of 43
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-05 BBS Automation

Garching, Germany

BBS Automation is a provider of flexible and high-quality automation solutions for complex manufacturing and testing processes. The company develops and manufactures tailor-made automated assembly and testing applications for customers from a wide range of industries. BBS Automation was founded in 2013 and is headquartered in Garching, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 Dunlop

Raalte, Netherlands

Dunlop serves professionals in the agriculture & fishery, food processing, functional leisure, industry, and oil, gas & mining sectors. The company boots guard workers against slips, trips, and falls while providing comfort and functionality in harsh operating environments. Dunlop Protective Footwear is based in Raalte, Netherlands.

Buy -
Mergr

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