M&A Deal Summary

Wise Equity and Ardian Acquire COROB

On June 1, 2016, private equity firms Wise Equity and Ardian acquired machinery company COROB from Nordic Capital

Acquisition Highlights
  • This is Wise Equity’s 1st and Ardian’s 5th transaction in the Machinery sector.
  • This is Wise Equity’s 23rd and Ardian’s 22nd transaction in Italy.

M&A Deal Summary
Date 2016-06-01
Target COROB
Sector Machinery
Buyer(s) Wise Equity
Ardian
Sellers(s) Nordic Capital
Deal Type Secondary Buyout

Target

COROB

Modena, Italy
COROB is a provider of advanced tinting equipment to the paints and coatings industry. The Group supplies applications in the paint and coatings, inks, and chemical industries, as well as providing the related after-sales services on a global scale, thanks to a capillary organization dedicated to management and maintenance. COROB was founded in 1984 and is based in Modena, Italy.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

Wise Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Wise SGR is a private equity investment firm that seeks middle-market buyout and growth capital investments primarily in Italy. Wise looks to invest €5 to €25 million in companies valued up to €75 million. Wise is a generlist investor and will consider opportunities in a variety of sectors, however the Firm has a preference for companies operating in capital equipment, manufacturing, and services. Wise SGR was formed in 2000 and is based in Milan.

DEAL STATS #
Overall 24 of 41
Sector (Machinery) 1 of 3
Type (Secondary Buyout) 3 of 6
Country (Italy) 23 of 39
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-21 Controls

Milan, Italy

Controls S.p.A. is focused on production of testing equipment for the construction industry with more than 4.000 products in three business areas including concrete and cements, asphalt and bituminous mixtures, and soil and rocks. Controls was formed in 1968 and is based in Milan, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-15 Stroili Oro Group

Amaro, Italy

Stroili Oro Group SpA is an Italian retail chain for jewellery, watches and other affordable gold and silver accessories.

Sell -
Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.

DEAL STATS #
Overall 267 of 418
Sector (Machinery) 5 of 6
Type (Secondary Buyout) 83 of 137
Country (Italy) 22 of 33
Year (2016) 15 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Jeld-Wen

Charlotte, North Carolina, United States

Jeld-Wen is a designer, producer and distributor of interior and exterior doors, wood, vinyl and aluminum windows and related products for use in the new construction and repair and remodeling of residential homes and non-residential buildings. Jeld-Wen was founded in 1960 and is based in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-20 Evergreen North America Industrial Services

La Porte, Texas, United States

Evergreen North America Industrial Services is a provider of industrial cleaning services to a range of process industries, including refining, petrochemicals, and utilities. Evergreen North America Industrial Services was founded in 2000 and is based in La Porte, Texas.

Buy -

Seller(S) 1

SELLER

Nordic Capital

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 31.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Nordic Capital is a private equity investment firm that targets mid to large-sized company investments located in Northern Europe as well as the US. Nordic seeks investments across a wide range of industries and prefers situations where there are 'opportunities for new industrial combinations, strategic repositioning, international expansion and operational improvements'. Nordic Capital was formed in 1989 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 50 of 79
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 14 of 22
Country (Italy) 1 of 1
Year (2016) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-08 Clario

Philadelphia, Pennsylvania, United States

Clario offers a compelling combination of technology, services, and clinical expertise, helping customers to deliver successful clinical trial outcomes by ensuring high-quality data capture, reduced costs, and shortened study timelines. Clario was founded in 1972 and is based in Philadelphia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-05 Chromaflo Technologies

Ashtabula, Ohio, United States

Chromaflo Technologies is a supplier of colorant systems, chemical and pigment dispersions, serving customers in architectural and industrial coatings as well as the thermoset composites market. Chromaflo Technologies was founded in 2012 and is based in Ashtabula, Ohio.

Sell -
Mergr

Product

Company

Legal