M&A Deal Summary

Warburg Pincus Acquires Sundyne

On January 6, 2020, private equity firm Warburg Pincus acquired machinery company Sundyne from The Carlyle Group and BC Partners

Acquisition Highlights
  • This is Warburg Pincus’ 3rd transaction in the Machinery sector.
  • This is Warburg Pincus’ 202nd transaction in the United States.
  • This is Warburg Pincus’ 9th transaction in Colorado.

M&A Deal Summary
Date 2020-01-06
Target Sundyne
Sector Machinery
Buyer(s) Warburg Pincus
Sellers(s) The Carlyle Group
BC Partners
Deal Type Secondary Buyout
Advisor(s) Morgan Stanley (Financial)
Latham & Watkins (Legal)

Target

Sundyne

Arvada, Colorado, United States
Sundyne is a manufacturer of precision-engineered, highly reliable, safe, and efficient centrifugal pumps and compressors for use in the hydrocarbon processing, chemical processing, power generation, industrial, and high-pressure water applications. Sundyne was established in 1970 and is based in Arvada, Colorado.

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Buyer(S) 1

Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 417 of 482
Sector (Machinery) 3 of 3
Type (Secondary Buyout) 53 of 63
State (Colorado) 9 of 9
Country (United States) 202 of 237
Year (2020) 2 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Afiona

Shenzhen, China

Afiona is a chain of premium beauty and personal care stores in China. Afiona is based in Shenzhen, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 Scale Microgrid Solutions

Ridgewood, New Jersey, United States

Scale Microgrid Solutions is a vertically integrated solutions provider building the bridge to a sustainable energy future by transforming cutting-edge clean technologies into integrated packaged solutions. Scale Microgrid Solutions is based in Ridgewood, New Jersey.

Buy -

Seller(S) 2

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 383 of 481
Sector (Machinery) 9 of 11
Type (Secondary Buyout) 84 of 117
State (Colorado) 6 of 6
Country (United States) 217 of 259
Year (2020) 2 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-02 On Location Experiences

New York, New York, United States

On Location Experiences is a media service provider specializes in custom domestic and international event and hospitality experiences in the worlds of sports and entertainment.

Sell $650M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Hermes

Lima, Peru

Hermes is a provider of cash management services with a nationwide network of 18 branches, 228 armored vehicles. Hermes offers logistics, cash processing, and custody services to a blue-chip client base comprised of more than 1,000 active clients in the financial, retail, utilities and mining segments. Hermes is a mission-critical partner to the largest financial institutions and retail organizations in Peru. Hermes was founded in 1985 and is based in Lima, Peru.

Sell -
SELLER

BC Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 30.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

BC Partners is a large investment group focused on private equity, credit, real estate, and co-investment strategies. The Firm's private equity group looks to make control investments in European and North American businesses valued above €300 million. Sectors of interest include healthcare, directory publishing, media, industrial products, food, distribution, manufacturing, consumer services, business services, and communications. BC Partners was formed in 1986 and is based in London, England.

DEAL STATS #
Overall 46 of 54
Sector (Machinery) 2 of 3
Type (Secondary Buyout) 14 of 20
State (Colorado) 1 of 1
Country (United States) 7 of 9
Year (2020) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-14 Presidio

New York, New York, United States

Presidio is a technology services and solutions provider that builds traditional IT foundations and offers deep expertise in automation, security, networking, digital transformation, and cloud computing, It develops custom applications, provides managed services, enables actionable data insights, and builds forward-thinking solutions that drive extraordinary outcomes for customers globally. Presidio was founded in 2003 and is based in New York City.

Buy $2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-28 Pasticceria Bindi

Milan, Italy

Pasticceria Bindi S.p.A. is a producer and distributor of frozen patisserie products, offering a wide variety of desserts and other bakery products, including patisserie and ice cream mono-portion desserts, cakes and ice-creams. Pasticceria Bindi S.p.A. was established in 1934 and is based in Milan, Italy.

Buy -
Mergr

Product

Company

Legal