M&A Deal Summary

Samsung C&T and Samsung Electronics Acquire Novaled AG

On August 9, 2013, Samsung C&T and Samsung Electronics acquired electronics company Novaled AG from Omnes Capital for 260M EUR

Acquisition Highlights
  • This is Samsung C&T’s 1st and Samsung Electronics’ 1st transaction in the Electronics sector.
  • This is Samsung C&T’s and Samsung Electronics’ 2nd largest (disclosed) transaction.
  • This is Samsung C&T’s 1st and Samsung Electronics’ 1st transaction in Germany.

M&A Deal Summary
Date 2013-08-09
Target Novaled AG
Sector Electronics
Buyer(s) Samsung C&T
Samsung Electronics
Sellers(s) Omnes Capital
Deal Type Add-on Acquisition
Deal Value 260M EUR
Advisor(s) Goldman Sachs (Financial)
Sullivan & Cromwell (Legal)

Target

Novaled AG

Dresden, Germany
Novaled has developed a new structure and new doping materials that make it possible to limit the consumption of organic light-emitting diodes (OLEDs) and increase their lifespan. At the time of the sale, the company owns more than 400 patents.

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Buyer(S) 2

Buyer

Samsung C&T

Seoul, South Korea
Category Company
Founded 1938
Sector Electronics
Revenue 41.90T KRW (2023)
DESCRIPTION

Samsung C&T is an entity which is engaged in the engineering and construction, trading and investment, fashion, and resort businesses in South Korea, rest of Asia, Europe, and the Americas. Its engineering and construction business cover building, civil infrastructure, plant, and housing construction activities. The company trades in chemicals and industrial materials, such as polymers, fertilizers, methanol, electronic components, and precision materials; hot- and cold-rolled, and stainless steel products; natural resources comprising coal and copper, and raw material metal; palm oil; and living industrial materials, including textiles, food, and wood pellets. Samsung C&T was founded in 1938 and is based in Seoul, South Korea.

DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Germany) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
Buyer

Samsung Electronics

Suwon, South Korea
Category Company
Founded 1969
Sector Electronics
Employees106,074
Revenue 258.94T KRW (2023)
DESCRIPTION
Office on Samsung's corporate campus in Mountain View, California.
Office on Samsung's corporate campus in Mountain View, California.

Samsung Electronics is a manufacturer and marketer of a wide range of consumer electronics. Samsung Electronics produces mobile phones, televisions, computers as well as electronic components including batteries, chips, memory and hard drives. Samsung Electronics was founded in 1938 and is based in Suwon, South Korea.

DEAL STATS #
Overall 10 of 28
Sector (Electronics) 1 of 3
Type (Add-on Acquisition) 9 of 26
Country (Germany) 1 of 1
Year (2013) 3 of 3
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-03 Boxee

New York, New York, United States

Boxee is a media player software platform that uses personal locally stored media with Internet streaming media.

Buy $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-05 Shelby TV

Brooklyn, New York, United States

Shelby.TV. is a startup built a video service that grabs content from YouTube, Vimeo, Hulu, Blip, and videos shared by your friends on social media and created a custom “channel” for users.

Buy -

Seller(S) 1

SELLER

Omnes Capital

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 5.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Omnes Capital formerly known as Credit Agricole Private Equity (CAPE) is the investment arm of financial services group Credit Agricole. Omnes Capital looks to invest in a range of investment stages and transaction types, including LBO/expansion, venture capital, mezzanine, renewable energy, co-investment, infrastructure, and special situations. The Firm's LBO/expansion group looks to invest €25 to €80 million to support growth initiatives and buyouts of small and mid-cap businesses operating in a variety of industries. Omnes Capital generally invests in businesses operating in France and Italy. Omnes Capital's mezzanine area was formed in 2002 and looks to provide €5 to €30 million of junior capital to similar sized established businesses. In addition to Omnes Capital's traditional equity and subordinated debt investment arm, the Firm also invests in infrastructure projects as well as provides capital for distressed businesses with €10 to €150 million in revenue. Omnes Capital was formed in 2004 and is based in Paris.

DEAL STATS #
Overall 55 of 114
Sector (Electronics) 1 of 3
Type (Add-on Acquisition) 26 of 52
Country (Germany) 1 of 6
Year (2013) 6 of 9
Size (of disclosed) 12 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-13 Eratome

Bezons, France

Eratome is a repair and maintenance market and in social housing renovation and refurbishment. As a multi-specialist, the Eratome group has recognized expertise in all trades (plumbing, painting and decorating, electricity and wiring, floor coverings, carpentry, etc.). Eratome was founded in 1991 and is based in Bezons, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-12 Camerus

Gonesse, France

Camerus is specialized in rental of furniture for organizers, exhibitors, and decorators at trade fairs, seminars, and conferences. The company has built its business around five key pillars: selection of modern and designer furniture meeting customer expectations, creation of its own furniture in response to specific customer requests, management and servicing of all the furniture in storage, transfer by truck of furniture to trade fairs, and retrieval of furniture from customer stands. Camerus was founded in 1992 and is based in Gonesse, France.

Buy -
Mergr

Product

Company

Legal