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  5. Thermofin Acquires The COTHERM Group

M&A Deal Summary

Thermofin Acquires The COTHERM Group

On January 25, 2019, Thermofin acquired electrical equipment company The COTHERM Group from Siparex

Acquisition Highlights
  • This is Thermofin’s 1st transaction in the Electrical Equipment sector.
  • This is Thermofin’s 1st transaction in France.

M&A Deal Summary
Date 2019-01-25
Target The COTHERM Group
Sector Electrical Equipment
Buyer(s) Thermofin
Sellers(s) Siparex
Deal Type Add-on Acquisition

Target

The COTHERM Group

Vinay, France
The COTHERM Group is a provider of electromechanical thermostats and electronic temperature control devices. These components fit primarily into electric water heaters. The COTHERM Group is based in Vinay, France.

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Buyer(S) 1

Buyer

Thermofin

Candiac, Quebec, Canada
Category Company
Founded 1993
Sector Manufacturing
DESCRIPTION

Thermofin is a designer, manufacturer, and marketer of quality heat transfer products for industrial processes. Thermofin was founded in 1993 and is based in Quebec, Canada.

DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Siparex

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1977
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Siparex is a French private equity firm that looks to invest mezzanine or equity capital in companies at all stages of development. The Firm separates its investment activity into mid-market, mezzanine, and small-cap. Within mid-market, Siparex looks to invest €2.5 to €40 million in companies with at least €15 million in sales. Prospective transaction situations include buyouts, shareholder liquidity events, and growth capital financings. The Firm will consider all business sectors. Within its mezzanine group, Siparex looks to invest €2 to €10 million to support growth, acquisitions, refinancings, and restructurings. The small-cap group seeks investments starting at €300K in early-stage companies as well as those undergoing expansion or being sold. Siparex was formed in 1977 and is based in Paris.

DEAL STATS #
Overall 13 of 32
Sector: Electrical Equipment M&A 3 of 3
Type: Add-on Acquisition M&A Deals 5 of 9
Country: France M&A 13 of 29
Year: 2019 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-11 Plurima

Perugia, Italy

Plurima is a supplier of health logistics services, transport, administrative outsourcing, and document management for the public administration and for private companies. Plurima is based in Perugia, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-15 Passman

Villeurbanne, France

Passman is a provider of broadband Internet access solutions for hospitality and healthcare facilities (hotels, campsites, clinics, etc). Passman was founded in 1995 and is based in Villeurbanne, France.

Sell -
Mergr

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