M&A Deal Summary

Siem Industries Acquires FSG

On September 26, 2014, Siem Industries acquired marine company FSG from Orlando Capital

Acquisition Highlights
  • This is Siem Industries’ 1st transaction in the Marine sector.
  • This is Siem Industries’ 1st transaction in Germany.

M&A Deal Summary

Date 2014-09-26
Target FSG
Sector Marine
Buyer(s) Siem Industries
Sellers(s) Orlando Capital
Deal Type Add-on Acquisition

Target

FSG

Flensburg, Germany
FSG is market leader in the RoRo segment, i.e. the design and construction of Roll-on/Roll-off freight ferries for the transportation of trucks, trailers as well as cars and passengers. Quality workmanship and on time delivery are the hallmarks of FSG. The ships are tailor-made to suit each customers special requirements, hull forms are optimized to offer a lower fuel consumption than competing designs. FSG was founded in 1872 and is based in Flensburg, Germany.

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Buyer(S) 1

Buyer

Siem Industries

Luxembourg, Luxembourg

Category Company
Founded 1980
Sector Marine
Employees409
DESCRIPTION

Siem Industries operates in oil and gas services industry and renewable energy sector worldwide. The company provides refrigerated transportation of fruits and other perishable products; and reefer, car carrier and RoRo, and bulk goods. Siem Industries was founded in 1980 and is based in Luxembourg, Luxembourg.


DEAL STATS #
Overall 1 of 1
Sector: Marine M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER

Orlando Capital

Munich, Germany

Investor Investor Investor Investor Investor


Category Distressed Investor
Founded 2001
PE ASSETS 650M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Orlando Capital is an independent private equity group focused on investing in complex situations. Orlando looks for companies with high margins, strong market positions, solid balance sheets, but with some flaws. These could include management vacancies, complex corporate spin-off situations, or operational challenges. Orlando generally looks for opportunities in Germany, Austria, Switzerland and Northern Europe. Prospective companies typically have revenue of €100 million to €1 billion. Orlando will not invest in start-ups, unproven high-tech products, or biotech. Orlando Capital was formed in 2001 and is based in Munich, Germany.


DEAL STATS #
Overall 2 of 15
Sector: Marine M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 9
Country: Germany M&A 2 of 10
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-21 Oetinger Aluminium

Weissenhorn, Germany

The two Oetinger production sites Weißenhorn and Neu Ulm are leading aluminium scrap recyclers focused on production of casting alloys and known for excellent technological competences, in particular for customized special alloys. Oetinger Aluminium is based in Weissenhorn, Germany.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-24 Nordic Paper

Karlstad, Sweden

Nordic Paper is a manufacturer of natural greaseproof and kraft paper. It offers a range of kraft paper, including sack/machine finished paper, machine glazed paper, absorbent kraft paper, and steel interleaving paper for carrier bags and food packaging, as well as in packaging for building materials and other industrial applications; and baking paper, paper for baking cups, food packaging and barrier paper, and lamination paper for building materials. Nordic Paper was founded in 1871 and is based in Karlstad, Sweden.

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