M&A Deal Summary

Welbilt Acquires Crem International AB

On February 26, 2018, Welbilt acquired electronics company Crem International AB from Priveq for 1.8B SEK

Acquisition Highlights
  • This is Welbilt’s 1st transaction in the Electronics sector.
  • This is Welbilt’s largest (disclosed) transaction.
  • This is Welbilt’s 1st transaction in Sweden.

M&A Deal Summary
Date 2018-02-26
Target Crem International AB
Sector Electronics
Buyer(s) Welbilt
Sellers(s) Priveq
Deal Type Add-on Acquisition
Deal Value 1.8B SEK

Target

Crem International AB

Arvika, Sweden
website
Crem International AB is a manufacturer and distributor of professional coffee machines. Crem International AB was established in 1993 and is based in Arvika, Sweden.

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Buyer(S) 1

Buyer

Welbilt

New Port Richey, Florida, United States

website

Category Company
Founded 1902
Sector Machinery
Revenue 1.2B USD (2020)
DESCRIPTION

Welbilt is a provider of top chefs, premier chain operators, and growing independents with industry-leading equipment and solutions. Welbilt was founded in 1902 and is based in New Port Richey, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Sweden) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-03 Manitowoc Ice

Manitowoc, Wisconsin, United States

Manitowoc Ice is a designer, manufacturer, and distributor of commercial ice machines in the United States and globally. Manitowoc Ice has excelled at delivering differentiated product innovation, food safety, and sustainability in icemaking. Manitowoc Ice is based in Manitowoc, Wisconsin.

Sell $1.4B

Seller(S) 1

SELLER

Priveq

Stockholm, Sweden

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1983
PE ASSETS 6.3B SEK
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Priveq is a private equity firm that invests in privately owned, small and medium-sized Scandinavian companies. Priveq targets profitable businesses with strong market positions and growth potential. The Firm looks to invest SEK 5 – 200 million in companies with sales typically greater than SEK 100 million. Priveq generally seeks equity between 30 and 70 percent in portfolio companies. The Firm will invest in a wide range of industries, but avoids real estate. Prospective transaction types include MBOs and growth capital financings. Priveq Investment was formerly known as Skandia Investment AB. The Firm was formed in 1983 and is based in Stockholm.

DEAL STATS #
Overall 20 of 34
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 8 of 12
Country (Sweden) 19 of 31
Year (2018) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-30 Omegapoint

Stockholm, Sweden

Omegapoint is a niche IT services firm, specializing in cybersecurity and secure digital transformation. The customers are found within sectors such as banking and finance, automotive, healthcare, media, and retail. Omegapoint was founded in 2001 and is based in Stockholm.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 Lamiflex

Nyköping, Sweden

Lamiflex is a provider of transport packaging solutions mainly in the steel, aluminum and cable industries. Lamiflex offers complete solutions to a number of industries, i.e. oil and gas as well as the automobile industry. Lamiflex was established in 1992 and is based in Nyköping, Sweden.

Buy -
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