M&A Deal Summary

Epiris, BC Partners and Remeha BV Acquire BDR Thermea Group B.V.

On March 1, 2004, private equity firm Epiris, private equity firm BC Partners and Remeha BV acquired electrical equipment company BDR Thermea Group B.V. for 640M GBP

Acquisition Highlights
  • This is Epiris’ 1st, BC Partners’ 1st and Remeha BV’s 1st transaction in the Electrical Equipment sector.
  • This is Epiris’ 2nd, BC Partners’ 22nd and Remeha BV’s largest (disclosed) transaction.
  • This is Epiris’ 1st, BC Partners’ 3rd and Remeha BV’s 1st transaction in the Netherlands.
Investment Fate
  • BDR Thermea Group B.V. was sold to a consortium of buyers in 2011.

M&A Deal Summary
Date 2004-03-01
Target BDR Thermea Group B.V.
Sector Electrical Equipment
Buyer(s) Epiris
BC Partners
Remeha BV
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 640M GBP

Target

BDR Thermea Group B.V.

Apeldoorn, Netherlands
BDR Thermea is a significant manufacturer of heating products and is a supplier of domestic boilers.

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Buyer(S) 3

Buyer

Epiris

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra Partners is a UK-based private equity firm focused on buyouts, co-investments, secondary fund purchases, and debt investing. The Firm's direct investing group looks to make majority or minority investments of £40 to £150 million in deals valued up to £500 million. Electra was formed in 1976 and is based in London.

DEAL STATS #
Overall 27 of 73
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 17 of 30
Country (Netherlands) 1 of 2
Year (2004) 1 of 2
Size (of disclosed) 2 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-04 Premium Credit

Surrey, United Kingdom

Premium Credit is a provider of premium finance for commercial and retail insurance products. PCL’s products are a key source of funding for consumers and smaller businesses in the purchase of often mandatory products, such as motor, home or fire insurance. The company also provides financing for the payment of annual fees such as membership subscriptions, professional fees, commercial service charges and school fees. Premium Credit was founded in 1988 and is based in Surrey, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-01 MPS Meat Processing Systems BV

Lichtenvoorde, Netherlands

MPS Meat Processing Systems B.V. develops, manufactures and installs high-tech slaughtering systems. MPS also designs and installs systems for the portioning, deboning and logistic processing of meat products, as well as effluent treatment systems.

Buy -
Buyer

BC Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 17.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

BC Partners is a mega private equity firm that invests in high quality businesses with leading market positions. BC does not specialize in any particular sector and makes only a select number of investments per year (3 in 2008, 2 in 2007, 3 in 2006). Sectors of interest include healthcare, directory publishing, media, industrial products, food, distribution, manufacturing, consumer services, business services, and communications. BC Partners was formed in 1986 and has offices in London, Paris, Hamburg, and New York.

DEAL STATS #
Overall 21 of 96
Sector (Electrical Equipment) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 16 of 32
Country (Netherlands) 3 of 9
Year (2004) 1 of 4
Size (of disclosed) 22 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-01 Elior SCA

Paris, France

France's leading concession and contract caterers, we invested €427m in a complex leveraged buyout to create Eliance, a new company that immediately became France's leading concession catering company.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-14 UGS PLM Solutions SL

Dallas, Texas, United States

UGS PLM Solutions, a leader in product data management, collaboration and product design software and services with 42,000 clients and more than 2.8 million seats of technology operating in the market, is the product lifecycle management (PLM) subsidiary of EDS. The company works collaboratively with its clients to create solutions enabling them to transform their process of innovation and thus begin to capture the promise of PLM.

Buy $2.1B
Buyer

Remeha BV

Apeldoorn, Netherlands
Category Company
Founded 1935
Sector Manufacturing
Employees550
Revenue 300M EUR (2013)
DESCRIPTION

Remeha is a leading boiler manufacturer in The Netherlands and Germany with a presence in the UK.

DEAL STATS #
Overall 1 of 2
Sector (Electrical Equipment) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 1
Country (Netherlands) 1 of 2
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-02 BDR Thermea Group B.V.

Apeldoorn, Netherlands

BDR Thermea is a significant manufacturer of heating products and is a supplier of domestic boilers.

Sell -
Mergr

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