M&A Deal Summary

The Carlyle Group and PAI Partners Acquire Custom Sensors & Technologies

On October 13, 2014, private equity firms The Carlyle Group and PAI Partners acquired test/measurement equipment company Custom Sensors & Technologies from Schneider Electric for 900M USD

Acquisition Highlights
  • This is The Carlyle Group’s 3rd and PAI Partners’ 1st transaction in the Test/Measurement Equipment sector.
  • This is The Carlyle Group’s 63rd and PAI Partners’ 15th largest (disclosed) transaction.
  • This is The Carlyle Group’s 260th and PAI Partners’ 2nd transaction in the United States.
  • This is The Carlyle Group’s 38th and PAI Partners’ 1st transaction in California.

M&A Deal Summary

Date 2014-10-13
Target Custom Sensors & Technologies
Sector Test/Measurement Equipment
Buyer(s) The Carlyle Group
PAI Partners
Sellers(s) Schneider Electric
Deal Type Divestiture
Deal Value 900M USD

Target

Custom Sensors & Technologies

Moorpark, California, United States
Custom Sensors & Technologies is a specialist in designing and manufacturing sensing, control and motion products, addressing several industrial, transportation and aerospace end-markets.

Search 214,876 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 502 of 750
Sector: Test/Measurement Equipment M&A 3 of 6
Type: Divestiture M&A Deals 49 of 74
State: California M&A 38 of 54
Country: United States M&A 260 of 350
Year: 2014 M&A 23 of 31
Size (of disclosed) 63 of 137
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-18 Boomers Parks

Boca Raton, Florida, United States

Boomers Parks is an entertainment services provider. Boomers Parks is a family entertainment centers include park locations under Boomers!, Malibu Grand Prix, Mountasia, and SpeedZone franchise brands. Boomers Parks is based in Boca Raton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-30 Magnit

Folsom, California, United States

Magnit is a provider of contingent workforce management solutions through a managed services program (“MSP”) and cloud-based vendor management software (“VMS”). Magnit was founded in 1991 and is based in Folsom, California.

Buy -
Buyer

PAI Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 28.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.


DEAL STATS #
Overall 45 of 95
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Divestiture M&A Deals 4 of 8
State: California M&A 1 of 1
Country: United States M&A 2 of 4
Year: 2014 M&A 5 of 5
Size (of disclosed) 15 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-25 VPS

Oldham, United Kingdom

VPS is a provider of vacant property products and services across Europe and the US. VPS provides products and services to both public and commercial customers to maintain and preserve vacant properties and to protect such properties against unauthorized access. VPS was founded in 2003 and is based in Oldham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-03 United Biscuits

Middlesex, United Kingdom

United Biscuits is a European manufacturer and marketer of biscuits, snacks and nut products including major brands such as McVitie's Digestive, Penguin, Jaffa Cakes, Go Ahead! KP, Hula Hoops, Skips, BN, Verkade and Delacre.

Sell £2.0B

Seller(S) 1

SELLER

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 6 of 15
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Divestiture M&A Deals 3 of 10
State: California M&A 1 of 3
Country: United States M&A 3 of 7
Year: 2014 M&A 2 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-30 InStep Software

Chicago, Illinois, United States

InStep Software LLC is a provider of real-time performance management and predictive asset analytics software and solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 Günsan Elektrik Malzemeleri Sanayi ve Ticaret A.S.

Istanbul, Turkey

Günsan Elektrik Malzemeleri Sanayi ve Ticaret A.S. is a player in wiring device accessories serving residential and commercial buildings markets in Turkey.

Buy -