Transactions - Industrials

The private owners of Transtools, a wholesaler of hand-operated tools, divested the company to an investment vehicle managed by ARCUS Capital AG. Clairfield International Germany acted as exclusive financial advisor to the owners.

The private owners of Spitznas, a developer, manufacturer and distributor of pneumatic and hydraulic power tools and spare parts for pumps and motors, divested the company to an investment vehicle managed by ARCUS Capital AG.

Stuart Turner, the leading water pump and pressure solutions business, was sold to the private equity investor Lloyds Development Capital.

Thytronic, a family-owned and managed manufacturer of protection, continuity and safety solutions, acquired a majority stake in iGrid.

Plascoat Systems, a leading thermoplastic powder coating manufacturer, was sold by International Process Technologies to Axalta Coating Systems, an international performance and transportation coatings manufacturer.

The IOW Group of companies, leading distributor and service provider of mobile drivetrain systems, hydraulics, cooling systems, and filter technologies in Central and Eastern Europe, sold a majority stake to Axel Johnson International.

Dormakaba Group, a provider of secure access systems for buildings and interiors, divested the activities of Dorma Beschlagtechnik, a manufacturer of premium door fittings, to Flacks Group, a private investment group based in Miami.

Stuart Turner Ltd, a domestic and commercial pump manufacturer, acquired The Total Water Solutions Company.

TSA Group, manufacturer of stainless equipment mainly for the food industry,  was sold to a new manager supported by three private equity funds: Capital Grand Est, Agro Invest and Caisse d’Epargne Alsace Capital Développement.

ATOP, a world leader in the manufacturing of automatic lines for the production of electric motors for various industrial and automotive applications including e-mobility, was sold to Charme Capital Partners SGR S.p.A. and IMA S.p.A.

Ersel Asset Management and the founders of the company sold the Sicme Motori to Orange1 Holding. Sicme Motori S.r.l. manufactures variable speed AC and DC motors and is one of the few players in the Italian market with advanced technological solutions for a large range of industrial applications.

Italglobal Partners sold a 70% stake in CMI, the leading producer of household appliance hinges, to Guangdong Xingye Investment LLC, the parent company of the listed Chinese group Guangdong SACA.

Sertip, a company specialized in screen-printing on plastics and in flat-working for industry, acquired Chimicolor, a manufacturer of metal plates.

A majority stake in Kuznia Ostrow Wielkopolski (KOW), a forge specializing in close-die and open-die forgings for the railway, construction and agricultural sectors, was sold to MSV Metal Studenka s.r.o., a portfolio company of Czech private-equity fund JET Investment.

IMR Automotive S.p.A., a global manufacturer and supplier of exterior parts for the automotive and truck industry, acquired 81.25% of Industrialesud S.p.A., an Italian company active in the same industry.

Cristin Electro Erosion (CEE), a company specialized in high-precision technical parts for the aeronautics sector, was sold to Comptoir Général du Ressort (CGR). CGR,  specializing in cold forming spring manufacturing, is a privately-owned group with over EUR 160 million in sales.

The House of Fuerstenberg sold its subsidiary Holzindustrie Fürst zu Fürstenberg (wooden packaging business unit) to Industrial European Wood Products Holding GmbH. Holzindustrie Fürst zu Fürstenberg has been operating for some 100 years, evolving from a saw mill to an important manufacturer of wooden packaging for the automotive industry.

MEngineering GmbH, Ravensburg, a leading German provider of specialized engineering services to the automotive industry, sold 100% of its shares to Alten GmbH, a subsidiary of French-listed Alten SA.

Controladora GMI, S.A.P.I. de C.V., the leading manufacturer and provider of modular construction solutions in Mexico and Latin America, received an investment from the Washington DC-based private equity firm ACON Investments.

Friars 716 Ltd acquired SWP Group Plc in a privatization process. SWP Group designs, manufactures, and installs a range of industrial engineered products and systems. The newly-established business is wholly owned by management.