2 November 2016
BDA advises Wolseley Private Equity on sale of Facade Access Holdings to Alimak Group
Divested Facade Access Holdings to Alimak Group
BDA Partners is pleased to announce that its client, Wolseley Private Equity, an Australian private equity firm, has agreed to sell Facade Access Investment Holdings (“FAIH”) for A$120m. The buyer is Alimak Group, a world-leading supplier of elevators, hoists, platforms, and after sales services for the industrial and construction sectors.
FAIH is the global market leader in permanent access solutions (building maintenance units) operating under the Cox Gomyl and Manntech brand names. FAIH has designed and installed permanent access solutions for some of the most iconic and tallest buildings in the world such as such as Burj Khalifa (Dubai), Shanghai Tower (Shanghai), and The Shard (London).
Tormod Gunleiksrud, CEO of Alimak Group, said, “The two companies are complementary, especially the combination of Facade Access Group and Alimak’s Industrial Equipment. The transaction will enable scale, synergistic advantages in the supply chain, and will expand overall business opportunities, including the after sales offering.”
Subject to customary regulatory approval, the transaction is expected to be completed by the end of 2016.
Wolseley is an independent private equity firm focused on investing in Australian and New Zealand companies with enterprise value between A$30m to A$120m. The group specializes in buy-outs, generational and shareholder change, success solutions, industry consolidation and growth capital. Having raised and fully invested over A$340m of funds since 2005, it has made investments in 29 companies. www.wolseley.com.au
FAIH is the global market leader in building maintenance units with the global leading brands CoxGomyl and Manntech. Facade Access Group designs, manufactures, installs and services its equipment and solutions for facade access. The Company is headquartered in Australia and has sales offices in 27 countries, with manufacturing facilities in Spain, Germany and Netherlands. The group employs close to 700 people. www.facadeaccess-systems.com
About Alimak Group
Alimak is a world-leading supplier of elevators, platforms and after-market services for the industrial and construction sectors. The Group has manufacturing operations in Sweden and China and a sales and servicing network in more than 90 countries supplying and maintaining vertical access solutions. At present, there are more than 22,000 elevators and platforms installed globally. Alimak was established in Skellefteå in 1948 and has 1,200 employees around the world. The Group is listed on Nasdaq Stockholm. www.alimakgroup.com
BDA Partners is a leader in cross-border investment banking involving Asia. BDA advises on M&A, capital raising, and restructuring. BDA has been consistently owned and managed by the same team since 1996. BDA has a track record of providing independent advice to blue-chip corporate and financial sponsor clients from North America, Europe, and Asia. BDA is headquartered in New York with offices in London, Dubai, Mumbai, Ho Chi Minh City, Singapore, Hong Kong, Shanghai, Seoul, and Tokyo. BDA was named M&A Advisory Firm of the Year at The ACG Champions Awards in 2015. BDA formed a partnership with William Blair & Company in 2011. www.bdapartners.com
BDA carries out its US securities business through BDA Advisors Inc, a broker-dealer registered with the US Securities and Exchange Commission (SEC) and a member of FINRA and SIPC. BDA’s UK subsidiary is authorised and regulated by the Financial Conduct Authority. BDA’s HK subsidiary is licensed and regulated by the Securities & Futures Commission.
Established JV with Superior Essex
Agreed to acquire EMC Holdings from Affirma Capital
Divested ThiPha Cable and Dovina to Stark Corporation
Divested Nagano Industry to JAFCO
Divested Nippon Oil Pump to CITIC Capital
Divested Parador to HIL Limited
Divested its 49% stake in Mitsubishi Motors Philippines
Divested 80% stake to JKL Partners
Divested Model Solution to Hankook Tire
Acquired roller coaster manufacturer, Vekoma Rides
Divested MFS Technology to DCP Capital
Divested shares of Taiheiyo Seiki Holding to TKY
Acquired 75% of Zhejiang Maximal Forklift Truck, China
Issued equity to China National Heavy Duty/Sinotruk
Divested China foodservice business to Huhtamaki
Divested Indian compact construction equipment business to Manitou
Divested UK compact construction equipment business to Groupe Mecalac
Divested King Koil China to Advent International
Acquired Graphic Controls, USA
Divested German CCE business to Yanmar