M&A Deal Summary

Unigrains Acquires Mecatherm

On July 31, 2018, private equity firm Unigrains acquired machinery company Mecatherm from Wendel Group for 120M EUR

Acquisition Highlights
  • This is Unigrains’ 1st transaction in the Machinery sector.
  • This is Unigrains’ largest (disclosed) transaction.
  • This is Unigrains’ 10th transaction in France.

M&A Deal Summary

Date 2018-07-31
Target Mecatherm
Sector Machinery
Buyer(s) Unigrains
Sellers(s) Wendel Group
Deal Type Secondary Buyout
Deal Value 120M EUR

Target

Mecatherm

Baremabach, France
Mecatherm develops, assembles and installs automated production lines for industrial bakery products (baguettes, artisan bread, cakes, etc.) worldwide. Mecatherm was founded in 1964 and is based in Baremabach, France.

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Buyer(S) 1

Buyer

Unigrains

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1963
PE ASSETS 1.2B EUR
Size Large
Type Sector Focused
DESCRIPTION

Unigrains is a private investment group focused on the agri-food and agro-industry sectors. The Firm looks to commit €2 to €100 million for minority positions in Western European companies. Unigrains will consider companies at all stages and looks for opportunities where it can assist with growth and other strategies. Unigrains was established in 1963 and is headquartered in Paris.


DEAL STATS #
Overall 13 of 37
Sector: Machinery M&A 1 of 2
Type: Secondary Buyout M&A Deals 2 of 7
Country: France M&A 10 of 28
Year: 2018 M&A 2 of 5
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 Biobest

Westerlo, Belgium

Biobest is a provider of pollination and biological pest control products. Biobest was founded in 1987 and is based in Westerlo, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 Agrimola

Casalfiumanese, Italy

Agrimola is a fresh chestnut market partnering with large Italian and European supermarket chains and supplies a wide range of fresh, frozen, or aseptic, mainly organic fruits, to a broad base of more than 50 international distributor clients for use in marmalades, desserts, ice creams and dairy. Agrimola was founded in 1978 and is based in Casalfiumanese, Italy.

Buy -

Seller(S) 1

SELLER

Wendel Group

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1704
Size Large
Type Sector Agnostic
DESCRIPTION

Wendel Group is a publicly traded investment group that seeks to invest €200 to €700 in public and private companies. The Firm focuses on opportunities across France, Germany, and the Benelux, but will also consider opportunities in greater Europe, North America, and select regions of Africa. Target companies typically exhibit predictable cash-flows, high barriers to entry, and are leaders in their respective markets. Wendel was originally established in 1704 and is based in Paris.


DEAL STATS #
Overall 6 of 14
Sector: Machinery M&A 1 of 2
Type: Secondary Buyout M&A Deals 2 of 6
Country: France M&A 3 of 6
Year: 2018 M&A 3 of 4
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-27 Aptar CSP Technologies

Auburn, Alabama, United States

Aptar CSP Technologies, Inc. is a provider of custom polymeric solutions and specialty protective packaging. Using patented Activ-Polymer advanced desiccant polymer technology, CSP Technologies manufactures innovative protection solutions that enhance the stability, shelf life and convenience of our customers' products. Aptar CSP Technologies was founded in 1928 and is based in Auburn, Alabama.

Sell $555M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Nippon Oil Pump

Kumagaya City, Japan

Nippon Oil Pump is a developer, manufacturer, and seller of hydraulic pumps and motors used for machine tools and construction machines. Nippon Oil Pump was formed in 1919 and is based in Kumagaya City, Japan.

Sell €85M