M&A Deal Summary

Torqx Capital Partners and TKH Group Acquire Cable Connectivity Group

On June 16, 2019, private equity firm Torqx Capital Partners and TKH Group acquired electrical equipment company Cable Connectivity Group for 113M EUR

Acquisition Highlights
  • This is Torqx Capital Partners’ 2nd and TKH Group’s 1st transaction in the Electrical Equipment sector.
  • This is Torqx Capital Partners’ 0th and TKH Group’s 0th largest (disclosed) transaction.
  • This is Torqx Capital Partners’ 5th and TKH Group’s 7th transaction in the Netherlands.
Investment Fate
  • Cable Connectivity Group was divested to a strategic buyer in 2019 for 113M .
  • Cable Connectivity Group was sold to a strategic buyer in 2022.

M&A Deal Summary

Date 2019-06-16
Target Cable Connectivity Group
Sector Electrical Equipment
Buyer(s) Torqx Capital Partners
TKH Group
Deal Type Divestiture
Deal Value 113M EUR

Target

Cable Connectivity Group

Benthuizen, Netherlands
Cable Connectivity Group is a provider in the production, distribution, and assembly of specialty cables and cable connectivity solutions. Cable Connectivity Group is based in Benthuizen, Netherlands.

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Buyer(S) 2

Buyer

Torqx Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2017
PE ASSETS 150M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Torqx Capital Partners is a private equity firm focused on acquiring and investing in medium-sized companies located in the Benelux. The Firm will consider a variety of investment situations including expansion financings, buy-and-builds, performance improvements, turnarounds, and transformational investments. Broad areas of interest include manufacturing, distribution and services where Torqx can leverage its experience and team. The Firm typically acquires majority positions and partners with entrepreneurs and management teams when pursuing transactions. Torqx Capital Partners was established in 2017 and is headquartered in Bussum, the Netherlands.


DEAL STATS #
Overall 5 of 18
Sector (Electrical Equipment) 2 of 2
Type (Divestiture) 1 of 2
Country (Netherlands) 5 of 16
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-07 Folat

Haarlem, Netherlands

Folat is a designer, manufacturer, and distributor of decorated party goods and party accessories in the Benelux. Key customer segments are dedicated to party goods stores, webshops, and large retailers. Folat was founded in 1993 and is based in Haarlem, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-02 Sonic

Purmerend, Netherlands

Sonic is a manufacturer of professional hand tools from the Sonic brand, especially for the automotive and industrial sectors. Sonic is a specialist in the supply of filled tool trolleys and storage systems and their tools are available throughout Europe and in many other parts of the world. Sonic was founded in 2004 and is based in Purmerend, Netherlands.

Buy -
Buyer

TKH Group

Haaksbergen, Netherlands

Category Company
Founded 1980
Sector Communications
Employees6,465
Revenue 1.8B EUR (2023)
DESCRIPTION

TKH Group is an internationally active group of companies specialising in the creation and delivery of innovative Telecom, Building and Industrial Solutions. TKH Group was founded in 1980 and is based in Haaksbergen, the Netherlands.


DEAL STATS #
Overall 16 of 16
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 2 of 2
Country (Netherlands) 7 of 7
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-16 Lakesight Technologies Holding

Unterschleissheim, Germany

Lakesight Technologies Holding GmbH is a buy-and-build platform in the machine vision sector. Machine vision systems are devices for optical sensing that are able to automatically receive and interpret images to control machines or processes in real time. Lakesight Technologies Holding GmbH is based in Unterschleissheim, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-16 Cable Connectivity Group

Benthuizen, Netherlands

Cable Connectivity Group is a provider in the production, distribution, and assembly of specialty cables and cable connectivity solutions. Cable Connectivity Group is based in Benthuizen, Netherlands.

Sell USD113M