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M&A Deal Summary

Robertshaw Controls Acquires CastFutura

On October 26, 2018, Robertshaw Controls acquired electrical equipment company CastFutura from Star Capital

Acquisition Highlights
  • This is Robertshaw Controls’ 1st transaction in the Electrical Equipment sector.
  • This is Robertshaw Controls’ 1st transaction in Italy.

M&A Deal Summary
Date 2018-10-26
Target CastFutura
Sector Electrical Equipment
Buyer(s) Robertshaw Controls
Sellers(s) Star Capital
Deal Type Add-on Acquisition
Advisor(s) William Blair (Financial)

Target

CastFutura

Terno D'isola, Italy
CastFutura S.p.A. is a manufacturer of components for appliances and heating equipment, with leading market positions in Europe, Middle East, North Africa and Poland. The company is based in Italy, and it has manufacturing facilities in Italy, Hungary, Egypt, Bulgaria and Poland.

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Buyer(S) 1

Buyer

Robertshaw Controls

Itasca, Illinois, United States
Category Company
Founded 1907
Sector Manufacturing
Employees6,300
DESCRIPTION

Robertshaw Controls is a global design, engineering and manufacturing company that sells product solutions into the white goods industry and leverages this portfolio and technology into adjacent markets and after sales channels. Robertshaw manufactures more than 10,000 sophisticated controls for commercial and home appliances. Primary applications include controls for clothes washers and dryers, dishwashers, refrigerators, electric and gas cooking, ice makers, fluid dispensing, storage water heaters, gas valves for space/central heating, and automotive/off road temperature and fluid controls. Robertshaw Global Headquarters is located in Itasca, Illinois.

DEAL STATS #
Overall 2 of 2
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Italy) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-16 Burner Systems International

Chattanooga, Tennessee, United States

Burner Systems International, Inc. is a designer, developer and manufacturer of components and custom solutions for gas appliance OEMs. The company offers product development, supply chain integration, logistics, and support services.

Buy -

Seller(S) 1

SELLER

Star Capital

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2000
PE ASSETS 401M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Star Capital is a private equity firm focused on lower middle-market acquisitions of Italian companies. The Firm targets profitable businesses with €15 to €50 million of EBITDA and €3 to €10 million of revenue. Star Capital is a generalist investor, however the Firm will not consider early-stage or distressed companies. Star Capital was formed in 2000 and is headquartered in Milan.

DEAL STATS #
Overall 10 of 11
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 6 of 6
Country (Italy) 9 of 10
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-27 Olivotto Ferrè

Avigliana, Italy

Olivotto Ferrè S.p.A. provides engineering, manufacturing, installing and commissioning of hollow glass forming plants, systems and machines and is an all-round technological partner, that can address most effectively any problem to do with the production of a variety of glass articles like stemware, tumblers, dishes, bowls, lamps and bulbs, glass tubes, glass bricks, insulators etc.

Sell €21M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 GIA

Trecate, Italy

GIA S.p.a designs, produces and sells patented and technologically advanced systems for the plumbing, heating and sanitary sector and hydraulic, industrial and electrical plant engineering for more than 30 years.

Sell -
Mergr

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