M&A Deal Summary

Special Flanges Acquires Hertecant Flanges

On November 10, 2023, Special Flanges acquired manufacturer Hertecant Flanges from Down 2 Earth Capital

Acquisition Highlights
  • This is Special Flanges’ 1st transaction in the Manufacturing sector.
  • This is Special Flanges’ 1st transaction in Belgium.

M&A Deal Summary

Date 2023-11-10
Target Hertecant Flanges
Sector Manufacturing
Buyer(s) Special Flanges
Sellers(s) Down 2 Earth Capital
Deal Type Add-on Acquisition
Advisor(s) Kumulus Partners (Financial)
Monard Law (Legal)

Target

Hertecant Flanges

Heultje-Westerlo, Belgium
Hertecant Flanges is a manufacturer of stainless steel flanges for the petrochemical and energy sectors. Hertecant Flanges specializes in the custom forging of both standardized and special flanges. Hertecant Flanges was founded in 1983 and is based in Heultje-Westerlo, Belgium.

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Buyer(S) 1

Buyer

Special Flanges

Milan, Italy

Category Company
Founded 1984
Sector Manufacturing
Employees100
DESCRIPTION

Special Flanges is a provider in the production of “special” forged components for the industrial equipment market. Special Flanges was founded in 1984 and is based in Milan, Italy.


DEAL STATS #
Overall 1 of 2
Sector: Manufacturing M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Belgium M&A 1 of 1
Year: 2023 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-19 Vilmar

Râmnicu Vâlcea, Romania

Vilmar manufactures a diversified range of technological equipment and components, parts used in several industries: renewables, power generation, nuclear, petrochemical, mining, defence, water treatment, transportation, natural gas, subsea, etc. It manufactures and sells a diversified range of parts and subassemblies used in several industries with the capability to design and built special mission-critical components. Vilmar is based in Râmnicu Vâlcea, Romania.

Buy -

Seller(S) 1

DESCRIPTION

Down 2 Earth Capital is a private equity firm focused on investing in and acquiring profitable (€2 to €10 million of EBITDA) Belgium-based companies. D2E does not have any stated sector preferences and will consider a variety of transaction situations including family successions, buyouts/buy-ins, non-core divestitures, growth capital financings, and recapitalizations. Down 2 Earth Capital was established in 2013 and is headquartered in Antwerp, Belgium.


DEAL STATS #
Overall 7 of 11
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 5
Country: Belgium M&A 7 of 11
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-21 VK architects+engineers

Ghent, Belgium

VK architects+engineers is a multidisciplinary design agency in the architecture & engineering sector, specializing in healthcare design and building engineering in both the public and private sectors. VK architects+engineers was established in 1952 and is based in Ghent, Belgium.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-19 Move Intermodal

Genk, Belgium

Move Intermodal is a provider of intermodal transport where long distances are traveled by train or boat, and only the short-distance pre-carriage and on-carriage transport is conducted by road. Move Intermodal is based in Genk, Belgium.

Sell -