Add-on Acquisition • Business Services

Thermote & Vanhalst NV Acquires Mateco AG

On November 30, 2012, Thermote & Vanhalst NV acquired business services company Mateco AG from Odewald KMU

Acquisition Context
  • This is Thermote & Vanhalst NV’s 1st transaction in the Business Services sector.
  • This is Thermote & Vanhalst NV’s 1st transaction in Germany.

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M&A Deal Summary

Date November 30, 2012
Target Mateco AG
Sector Business Services
Buyer(s) Thermote & Vanhalst NV
Sellers(s) Odewald KMU
Deal Type Add-on Acquisition

Target Company

Mateco AG

Stuttgart, Germany
Under the brand 'mateco', the Group is primarily active in the rental and utilization of mobile access devices as well as lift and work platforms. In addition, the scope of services also includes maintenance and repair services as well as rental consultation.
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Buyer Overview 1

Buyer

Thermote & Vanhalst NV

Waregem, Belgium

Category Company
Founded 1969
Sector Machinery
DESCRIPTION

Thermote & Vanhalst is a Belgian company active in the market of forklift trucks, aerial work platforms, agricultural tractors and industrial in-plant vehicles.


Deal Context for Buyer #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Germany 1 of 1
Year: 2012 1 of 1

Seller Profile 1

SELLER

Odewald KMU

Berlin, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Odewald is a leading German independent private equity firm focused on investments in high-growth small and medium-sized companies in Germany, Austria and Switzerland. Odewald manages its equity funds through its two companies Odewald & Compagnie Gesellschaft für Beteiligungen mbH and Odewald KMU Gesellschaft für Beteiligungen mbH. Odewald & Compagnie generally acquires majority interest in profitable SMEs holding strong potential companies with revenues upto EUR 400 million. It looks to invests EUR 30 million and EUR 50 million of equity per transaction. Odewald KMU seeks to invest EUR 5 million and EUR 20 million of equity per transaction. Prospective transaction situations include management buyouts, buy-ins, industry consolidations, and divestitures. Odewald was formed in 1997 and is based in Berlin.


Deal Context for Seller #
Overall 9 of 17
Sector: Business Services 3 of 4
Type: Add-on Acquisition 3 of 4
Country: Germany 9 of 16
Year: 2012 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-24 Klingel medical metal

Pforzheim, Germany

Klingel medical metal is a manufacturer of high-precision and complex metal components mainly for a range of medical technology applications. Klingel medical metal was founded in 1986 and is based in Pforzheim, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-06 SCHOLPP

Dietzenbach, Germany

SCHOLPP is a business service provider for the outsourcing and assembly of industrial plants and installations, as well as for transportation tasks related to heavy and sensitive capital equipment. SCHOLPP was founded in 1956 and is based in Dietzenbach, Germany.

Buy -