M&A Deal Summary

Volex Acquires GTK

On December 19, 2018, Volex acquired electrical equipment company GTK from YFM Equity Partners for 14M GBP

Acquisition Highlights
  • This is Volex’s 2nd transaction in the Electrical Equipment sector.
  • This is Volex’s largest (disclosed) transaction.
  • This is Volex’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2018-12-19
Target GTK
Sector Electrical Equipment
Buyer(s) Volex
Sellers(s) YFM Equity Partners
Deal Type Add-on Acquisition
Deal Value 14M GBP

Target

GTK

Basingstoke, United Kingdom
GTK (UK) Ltd. is a provider of design, procurement and manufacturing services of electronic components for customers in the UK and internationally in sectors such as precision instrumentation, defence/security and contract equipment manufacturing. Some of the applications of GTK's work in optoelectronics include providing LCDs used in a wide range of products such as smart meters, in-car entertainment systems and secure entry systems. GTK was formed in 1990 and is based in Basingstoke, United Kingdom.

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Buyer(S) 1

Buyer

Volex

Basingstoke, United Kingdom
Category Company
Founded 1919
Sector Technology Hardware
Employees8,000
Revenue 615M USD (2022)
DESCRIPTION

Volex is a leading provider of interconnect solutions and power products, servicing the telecommunications, datacoms / data-centre, industrial, consumer and medical sectors for over 100 years. Volex's range of interconnect solutions include original-design fibre-optic, high-speed copper and radio frequency (RF) cable assemblies. Volex has design and manufacturing facilities spread across the globe, enabling flexibility in meeting customers' delivery timetable and price targets. Volex was founded in 1919 and is based in Basingstoke, the United Kingdom.

DEAL STATS #
Overall 2 of 2
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 1 of 1
Year (2018) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 MC Electronics

Hollister, California, United States

MC Electronics is a contract manufacturer of mission-critical custom cables, wire harnesses, and electromechanical assemblies for the medical equipment industry. Utilizing a flexible assembly cell manufacturing model, MC Electronics focuses on low volume, high mix products. With facilities in both Hollister, California and Juarez, Mexico, MC Electronics utilizes its strategic footprint to serve a blue-chip customer base.

Buy -

Seller(S) 1

SELLER

YFM Equity Partners

Leeds, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 300M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

YFM Equity Partners is a private equity firm focused on growth oriented investments in UK-based companies. The Firm looks to invest up to £10 million to support a variety of established, growing, and profitable businesses. YFM Equity Partners was formed in 1982 and is based in Leeds, England.

DEAL STATS #
Overall 33 of 48
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 23 of 34
Country (United Kingdom) 32 of 47
Year (2018) 6 of 6
Size (of disclosed) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 Gill Marine

Nottingham, United Kingdom

Gill Marine is a manufacturer and exporter of sailing clothing and accessories to over 35 countries and it is the official technical clothing sponsor for the internationally renowned Aberdeen Assets Cowes Week Regatta. Douglas Gill Marine Ltd. was founded in 1975 and is based in Nottingham, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-26 Frescobol Carioca

London, United Kingdom

Frescobol Carioca is a luxury men’s resort wear and lifestyle brand. Frescobol’s roots lie in their Brazilian heritage and travel experiences which are reflected in a range of luxury men’s swimming trunks and resort wear that references and brings to life the Rio beach lifestyle. Frescobol Carioca was founded in 2009 and is based in London, United Kingdom.

Buy -
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