M&A Deal Summary

Saratoga Partners Acquires CEMA

On February 15, 2007, merchant bank Saratoga Partners acquired electrical equipment company CEMA

Acquisition Highlights
  • This is Saratoga Partners’ 2nd transaction in the Electrical Equipment sector.
  • This is Saratoga Partners’ 1st transaction in India.

M&A Deal Summary

Date 2007-02-15
Target CEMA
Sector Electrical Equipment
Buyer(s) Saratoga Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

CEMA

Chennai, India
CEMA manufactures and markets a wide variety of lighting products including LED Lamps & Fixtures, Compact Fluorescent Lamps (CFL), Tubular Fluorescent Lamps (FTL), and High-Intensity Discharge Lamps (HID) and Metal Halide Lamps (MH), Domestic & Commercial Light Fixtures. CEMA was formed in 2007 and is based in Chennai, Tamil Nadu.

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Buyer(S) 1

Buyer

Saratoga Partners

New York, New York, United States

Investor


Category Merchant Bank
Founded 1998
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Saratoga Partners is an independent private equity firm focused on investments in partnership with management in the manufacturing, business services and media and telecommunications industries. Saratoga pursues businesses valued from $50 to $400 million and generally acts as the lead investor. Target companies typically have leading market positions and operate in defensible niches with provide proprietary products. Prospective transaction situations include corporate buyouts, consolidations, and divestitures. Saratoga Partners dates back to 1984 and became independent in 1998. The Firm is based in New York City.


DEAL STATS #
Overall 17 of 19
Sector: Electrical Equipment M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 8
Country: India M&A 1 of 1
Year: 2007 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-18 EUR Systems

Mechanicsburg, Pennsylvania, United States

EUR Systems, Inc. is a leading services provider of outsourced billing and customer care solutions to the telecommunications industry, offering a complete back office which effectively frees the client to focus on its own core business. The highly regulated and competitive nature of the telecom industry created an increasingly complicated billing process, which spurred demand for EUR's expertise in such areas as inter-carrier access billing (in which EUR enjoys a particularly strong market position), invoice production and distribution, management reporting, customer maintenance and sales support

Sell $14M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 National Truck Protection

Winston-Salem, North Carolina, United States

National Truck Protection is a provider of extended service contracts for critical coverage on high-value fundamental drivetrain components for used class 3 through 8 trucks. National Truck Protection was founded in 1983 and is based in Winston-Salem, North Carolina.

Buy -