M&A Deal Summary

PHI Industrial Acquires Pitney Bowes - 6 European companies

On January 1, 2014, private equity firm PHI Industrial acquired business services company Pitney Bowes - 6 European companies from Pitney Bowes

Acquisition Highlights
  • This is PHI Industrial’s 1st transaction in the Business Services sector.
  • This is PHI Industrial’s 9th transaction in Spain.

M&A Deal Summary

Date 2014-01-01
Target Pitney Bowes - 6 European companies
Sector Business Services
Buyer(s) PHI Industrial
Sellers(s) Pitney Bowes
Deal Type Divestiture

Target

Pitney Bowes - 6 European companies

Spain
Pitney Bowes, Inc. - 6 European companies offer comprehensive solutions throughout the value chain. Pitney Bowes, Inc. - 6 European companies are based in Spain, Portugal, Austria, The Netherlands, Belgium, and Luxembourg.

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Buyer(S) 1

DESCRIPTION

PHI Industrial is a generalist private investment firm focused on acquiring non-core divestitures or family-owned companies facing succession issues. PHI will consider opportunities across Europe generating revenues of €20 to €250 million. PHI Industrial was formed in 2006 and has offices in Barcelona and Madrid.


DEAL STATS #
Overall 9 of 15
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 7 of 8
Country: Spain M&A 9 of 13
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 La Antigua Lavandera

Seville, Spain

La Antigua Lavandera is relatively small and meets just the local market needs, it is well located for bleach consumers from the South of Spain and Portugal. The plant annually produces about 60.000 tons of bleach.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 intimus International

Markdorf, Germany

intimus International GmbH provides information security products including data security systems, transactional mailing, and business equipment. intimus was formed in 1956 and is based in Markdorf, Germany.

Buy -

Seller(S) 1

SELLER

Pitney Bowes

Stamford, Connecticut, United States

Category Company
Founded 1920
Sector Business Services
Employees7,200
Revenue 2.0B USD (2024)
DESCRIPTION
Pitney Bowes facility in Danbury, Connecticut.
Pitney Bowes facility in Danbury, Connecticut.

Pitney Bowes provides technology solutions for small, mid-size and large firms that help them connect with customers to build loyalty and grow revenue. Pitney Bowes was founded in 1920 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 3 of 7
Sector: Business Services M&A 2 of 2
Type: Divestiture M&A Deals 3 of 7
Country: Spain M&A 1 of 1
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Novitex

Irving, Texas, United States

Novitex is a location-agnostic global business process automation ("BPA"​) leader combining industry-specific and multi-industry-agnostic enterprise software and solutions with decades of experience. Novitex was founded in 2013 and is based in Irving, Texas.

Sell $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-11 MYMOVE

Fort Mill, South Carolina, United States

MYMOVE, LLC is a media company with technology, data and marketing expertise. The Company has an exclusive relationship with the USPS that allows it to connect brands with roughly 39 million movers every year. MYMOVE helps the USPS facilitate the official Change of Address process. Through this partnership, the company is able to reach millions of movers at the most important point of their move.

Sell $310M