M&A Deal Summary

Suprajit Engineering Acquires Wescon Controls

On September 11, 2016, Suprajit Engineering acquired machinery company Wescon Controls from Nova Capital Management

Acquisition Highlights
  • This is Suprajit Engineering’s 1st transaction in the Machinery sector.
  • This is Suprajit Engineering’s 1st transaction in the United States.
  • This is Suprajit Engineering’s 1st transaction in Kansas.

M&A Deal Summary
Date 2016-09-11
Target Wescon Controls
Sector Machinery
Buyer(s) Suprajit Engineering
Sellers(s) Nova Capital Management
Deal Type Add-on Acquisition

Target

Wescon Controls

Wichita, Kansas, United States
Wescon Controls is a supplier of mission critical controls to the Outdoor Power Equipment market and a significant player in non-automotive controls to the Agriculture, Construction, PowerSports Vehicles, and Motorcycle markets. It provides quality products, support and service that meets or exceeds customer expectations. Wescon Controls is based in Wichita, Kansas.

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Buyer(S) 1

Buyer

Suprajit Engineering

Bengaluru, India
Category Company
Founded 1985
Sector Automotive
Employees1,590
Revenue 29.0B INR (2024)
DESCRIPTION

Suprajit Engineering is a manufacturer and seller of liner cables to the automotive industry. Suprajit Engineering was founded in 1985 and is based in Bengaluru, India.

DEAL STATS #
Overall 3 of 4
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Kansas) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-06 Halonix

Noida, India

Halonix is a lamp manufacturer. Halonix was founded in 1991 and is based in Noida, India.

Buy $24M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-09 Stahlschmidt Cable Systems

Bad Berleburg, Germany

Stahlschmidt Cable Systems develops and manufactures technically innovative Bowden cables and unlocking systems for the automotive sector. The company's products are installed in car doors, engine hoods or trunk lids, and seating systems. Stahlschmidt Cable Systems is based in Bad Berleburg, Germany.

Buy -

Seller(S) 1

SELLER

Nova Capital Management

London, United Kingdom

Investor Investor Investor Investor Investor

Category Secondary Investor
Founded 2002
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Nova Capital Management Limited is a private equity firm that highly focuses on corporate and private equity portfolios companies located in the UK, US and Europe. The firm looks to Invest in companies with a enterprise value of £ 50 – 500 million. Areas of interest include engineering & manufacturing, healthcare & pharmaceuticals, services & distribution, technology and media & telecoms. Nova Capital Management Limited is formed in 2002 and is based in London.

DEAL STATS #
Overall 30 of 37
Sector (Machinery) 3 of 3
Type (Add-on Acquisition) 12 of 15
State (Kansas) 1 of 2
Country (United States) 8 of 14
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-18 Wax Digital

Hyde, United Kingdom

Wax Digital is a cloud provider of eProcurement software solutions. Wax Digital was founded in 2000 and is based in Hyde, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-02 Directorbank

London, United Kingdom

Directorbank is a provider of human resource consulting and recruitment services focusing on the private equity sector. Directorbank was founded in 1998 and is based in London, United Kingdom.

Sell -
Mergr

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