M&A Deal Summary

R&S Group Acquires Kyte Powertech

On August 20, 2024, R&S Group acquired electrical equipment company Kyte Powertech from MML Growth Capital Partners for 250M EUR

Acquisition Highlights
  • This is R&S Group’s 1st transaction in the Electrical Equipment sector.
  • This is R&S Group’s 0th largest (disclosed) transaction.
  • This is R&S Group’s 1st transaction in Ireland.

M&A Deal Summary

Date 2024-08-20
Target Kyte Powertech
Sector Electrical Equipment
Buyer(s) R&S Group
Sellers(s) MML Growth Capital Partners
Deal Type Add-on Acquisition
Deal Value 250M EUR

Target

Kyte Powertech

Cavan, Ireland
Kyte Powertech is a manufacturer of distribution transformers for the utility, industrial and renewable energy sectors across Western Europe. Kyte Powertech was formed in 1966 and is based in Cavan, Ireland.

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Buyer(S) 1

Buyer

R&S Group

Sissach, Switzerland

Category Company
Founded 2012
Sector Electrical Equipment
Employees1,192
Revenue 283M CHF (2024)
DESCRIPTION

R&S Group manufactures and supplies electrical infrastructure products in Switzerland, Italy, Poland, and the Middle East. It offers free-breathing transformers, cast-resin transformers, oil-immersed distribution transformers, instrument transformers, as well as power transformers, including step-up/step-down, rectifier, and furnace transformers. R&S Group was founded in 2012 and is based in Sissach, Switzerland.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Ireland M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

MML Growth Capital Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2013
PE ASSETS 270M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

MML Growth Capital is an investment group focused on providing growth capital to support expansions, acquisitions, shareholder liquidity needs, and buyouts throughout Ireland. The Firm looks to commit €2 to €20 million per transaction. MML Growth Capital was established in 2013 and is headquartered in Dublin.


DEAL STATS #
Overall 4 of 7
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
Country: Ireland M&A 4 of 6
Year: 2024 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-11 Eastland Engineering Supply

Dublin, Ireland

EES is an outsourced provider of integrated supply chain services associated with maintenance, repair, and overhaul activities in large manufacturing facilities, with a particular focus to date on the pharma, food, and beverage sectors. The business provides services across 67 customer sites in Ireland and the UK through its 103 employees. It has long-standing contracts with blue chip customers such as Diageo and Pfizer and has more recently moved into the Dairy sector with Glanbia and Dairygold. EES is based in Dublin, Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-02 Irish HomeCare

Monaghan, Ireland

Irish HomeCare provides a wide range of care and support needs across all age groups. The company has a proven track record in quality of care, a blue-chip customer base, and very strong industry dynamics. Irish HomeCare was formed in 2005 and is based in Monaghan, Ireland.

Sell -