M&A Deal Summary

Prysmian Acquires General Cable

On December 4, 2017, Prysmian acquired electrical equipment company General Cable for 3.0B USD

Acquisition Highlights
  • This is Prysmian’s 5th transaction in the Electrical Equipment sector.
  • This is Prysmian’s 2nd largest (disclosed) transaction.
  • This is Prysmian’s 2nd transaction in the United States.
  • This is Prysmian’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2017-12-04
Target General Cable
Sector Electrical Equipment
Buyer(s) Prysmian
Deal Type Add-on Acquisition
Deal Value 3.0B USD
Advisor(s) J.P. Morgan Securities (Financial)
Sullivan & Cromwell (Legal)

Target

General Cable

Highland Heights, Kentucky, United States
General Cable Corp. develops, designs, manufactures, markets and distributes copper, aluminum and fiber optic wire and cable products and systems for the energy, industrial, specialty, construction, and communications markets. General Cable Corp. was formed in 1992 and is headquartered in Highland Heights, Kentucky.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Prysmian

Milan, Italy
Category Company
Founded 1879
Sector Technology Hardware
Employees30,351
Revenue 15.4B EUR (2023)
DESCRIPTION

Prysmian together with its subsidiaries, produces, distributes, and sells cables and systems, and related accessories for the energy and telecommunications industries worldwide. Prysmian was founded in 1879 and is based in Milan, Italy.

DEAL STATS #
Overall 7 of 8
Sector (Electrical Equipment) 5 of 6
Type (Add-on Acquisition) 5 of 6
State (Kentucky) 1 of 1
Country (United States) 2 of 3
Year (2017) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-16 Oman Cables Industry

Rusayl, Oman

Oman Cables Industry is a developer, manufacturer and marketer of electrical products, which include medium voltage power cables, low voltage power & control cables, instrumentation cables, pilot cables, overhead power transmission line conductors and building wires.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-15 Encore Wire

Mckinney, Texas, United States

Encore Wire is a manufacturer of a broad range of electrical building wire for interior wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. Encore Wire was founded in 1989 and is based in Mckinney, Texas.

Buy $3.9B
Mergr

Product

Company

Legal