M&A Deal Summary

Schneider Electric Acquires Beijing Leader & Harvest Electric Technologies Co.

On November 30, 2011, Schneider Electric acquired electrical equipment company Beijing Leader & Harvest Electric Technologies Co. from Unitas Capital and Affinity Equity Partners for 650M USD

Acquisition Highlights
  • This is Schneider Electric’s 11th transaction in the Electrical Equipment sector.
  • This is Schneider Electric’s 6th largest (disclosed) transaction.
  • This is Schneider Electric’s 1st transaction in China.

M&A Deal Summary

Date 2011-11-30
Target Beijing Leader & Harvest Electric Technologies Co.
Sector Electrical Equipment
Buyer(s) Schneider Electric
Sellers(s) Unitas Capital
Affinity Equity Partners
Deal Type Add-on Acquisition
Deal Value 650M USD

Target

Beijing Leader & Harvest Electric Technologies Co.

Beijing, China
Beijing Leader & Harvest Electric Technologies Co. Ltd. ("Leader Harvest") designs, manufactures and distributes medium-voltage variable frequency drives ("MV VFDs") for motors used in the power generation, metallurgical, and cement sectors. Leader Harvest is the largest supplier of MV VFDs in China in terms of revenue. Leader Harvest also supplies inverters to wind turbine manufacturers in China.

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Buyer(S) 1

Buyer

Schneider Electric

Rueil Malmaison, France

Category Company
Founded 1836
Sector Electrical Equipment
Employees155,822
Revenue 38.2B EUR (2024)
DESCRIPTION

Schneider Electric is a provider of electricity distribution, automation management and produces installation components for energy management. Schneider Electric develops connected technologies and solutions to manage energy and process in ways that are safe, reliable, efficient and sustainable. Schneider Electric was founded in 1836 and is based in Rueil-Malmaison, France.


DEAL STATS #
Overall 23 of 42
Sector: Electrical Equipment M&A 11 of 14
Type: Add-on Acquisition M&A Deals 22 of 38
Country: China M&A 1 of 1
Year: 2011 M&A 7 of 8
Size (of disclosed) 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-22 Steck Da Amazonia Industria Electrica

São Paulo, Brazil

Steck Da Amazonia Industria Electrica Ltda. provides low voltage segment serving the residential and commercial buildings and industries in Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-20 Viridity Software

Burlington, Massachusetts, United States

Viridity Software, Inc., is a provider of data center infrastructure management (DCIM) software solutions Company.

Buy -

Seller(S) 2

SELLER

Unitas Capital

Hong Kong, China

Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Unitas Capital is a private equity firm focused on buyouts and growth capital investments in medium-to-large sized businesses across Asia. Unitas targets opportunities throughout Australia & New Zealand, Greater China, Korea, Japan and Singapore. Areas of interest include branded consumer, retail and industrial manufacturing/services. Unitas dates back to 1999 (when it was part of and known as J.P. Morgan Partners Asia) and has offices in Hong Kong and Shanghai.


DEAL STATS #
Overall 8 of 13
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 6
Country: China M&A 1 of 1
Year: 2011 M&A 2 of 2
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-27 Exego Group Pty

Mulgrave, Australia

Exego Group is Australasia's leading provider of automotive aftermarket parts and accessories, servicing both trade and retail customers through a network of 435 stores across Australia and New Zealand. The Company operates through 4 divisions: Repco Australia/Repco NZ (aftermarket resellers); Ashdown Ingram (specialist supplier of auto electrical & thermal products); McLeod Accessories (motorcycle accessories) and Motospecs (specialty products).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-25 Quiznos

Denver, Colorado, United States

Quiznos is engaged in franchising and operating quick-service restaurants commonly known for toasted sub-style sandwiches with approximately 4,000 operating units around the world. Quiznos was founded in 1981 and is based in Denver, Colorado.

Sell $150M
SELLER

Affinity Equity Partners

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Affinity Equity Partners is an independent private equity firm focused on traditional buyout and control oriented investments across Asia-Pacific valued up to US$1 billion. Sectors of interest include businesses in consumer-related goods and services, value-added manufacturing, healthcare, financial services and business services. Affinity prefers companies with an established track record as well as proven, consistent earning power and cash flow generating ability. Affinity will not consider investments in real estate, biotechnology, tobacco, oil and gas exploration, and weaponry development and sales. Affinity Equity Partners was spun out of UBS Capital Asia Pacific in 2004 and is headquartered in Hong Kong.


DEAL STATS #
Overall 10 of 24
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 9 of 14
Country: China M&A 3 of 4
Year: 2011 M&A 3 of 3
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-01 Primo Group Holdings Pty

Adelaide, Australia

Primo Group Holdings is a australia's largest meat processor.

Buy AU$740M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-08 First Engineering

Singapore, Singapore

First Engineering manufacturer of ultra high-precision moulds and plastic componets for high technology engineering applications.

Sell -