M&A Deal Summary

Rivean Capital Acquires Praesidiad

On November 25, 2005, private equity firm Rivean Capital acquired safety/security company Praesidiad from Bekaert for 282M EUR

Acquisition Highlights
  • This is Rivean Capital’s 1st transaction in the Safety/Security sector.
  • This is Rivean Capital’s 3rd largest (disclosed) transaction.
  • This is Rivean Capital’s 1st transaction in the United Kingdom.
Investment Fate
  • Praesidiad was sold to a consortium of financial buyers in 2014.
  • Praesidiad was sold to a consortium of financial buyers in 2017.

M&A Deal Summary

Date 2005-11-25
Target Praesidiad
Sector Safety/Security
Buyer(s) Rivean Capital
Sellers(s) Bekaert
Deal Type Divestiture
Deal Value 282M EUR

Target

Praesidiad

Birmingham, United Kingdom
Praesidiad is a producer of force protection solutions, integrated perimeter security systems, and industrial mesh production and fencing products. Praesidiad is based in Birmingham, United Kingdom.

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Buyer(S) 1

Buyer

Rivean Capital

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Gilde Buy Out Partners (GBO) is unit of Gilde Investment Management, a Dutch private equity group. Gilde Buy Out Partners (GBO) targets investments in larger businesses valued from €75 and €600 million with at least €8 million in cash flow. Broad sectors of interest include services, consumer goods, manufacturing, and industrial products. GBO looks for investments across Western Europe, with an emphasis on opportunities in Belgium, The Netherlands, Luxembourg, France, Germany, Switzerland and Austria. Gilde was formed in 1982 and has offices in Utrecht, Paris, Brussels, and Zurich.


DEAL STATS #
Overall 15 of 77
Sector: Safety/Security M&A 1 of 2
Type: Divestiture M&A Deals 4 of 9
Country: United Kingdom M&A 1 of 2
Year: 2005 M&A 4 of 4
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-28 Inversco BV

Amsterdam, Netherlands

Inversco BV distributes a range of fresh food and convenience products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-09 Stankiewicz

Adelheidsdorf, Germany

Stankiewicz Gmbh produces noise and corrosion protection components to solve acoustic problems in passenger cars and commercial vehicles in the automotive sector.

Buy -

Seller(S) 1

SELLER

Bekaert

Zwevegem, Belgium

Category Company
Founded 1880
Sector Metals/Mining
Employees21,000
Revenue 4.0B EUR (2024)
DESCRIPTION

Bekaert is a market and technology provider in steel wire transformation and coatings. Improving both the bulk and surface properties of steel wire products. Bekaert was incorporated in 1880 and is based in Zwevegem, Belgium.


DEAL STATS #
Overall 1 of 4
Sector: Safety/Security M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: United Kingdom M&A 1 of 1
Year: 2005 M&A 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-30 Bekaert Advanced Coatings NV

Deinze, Belgium

Bekaert Advanced Coatings NV is a provider of coatings services for automotive, construction, offshore, and telecom industries.

Sell -