C.W. Downer & Co. berät HitecVision bei Verkauf von Technor Italsmea
C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce the sale of Technor Italsmea S.p.A. to Marechal Electric S.A., a French manufacturer of energy solutions such as industrial plugs, sockets, connectors, power supplies and ATEX connectors and boxes. The transaction closed on June 20, 2013 and the value was not disclosed.
Based in Italy, Technor Italsmea delivers a full suite of Ex products for safe transmission of electric signals and power in potentially explosive environments. The products satisfy ATEX regulations and IECEx requirements. The company serves the oil & gas and petrochemical industries through its sales network in Europe, the Middle East and Asia. Technor Italsmea was a subsidiary of Technor Ex AS, which in turn is a portfolio company of HitecVision AS, a leading European private equity company exclusively focused on the oil & gas industry.
“The impressive development of the company over the last couple of years and its strong focus on the global onshore oil & gas industry generated significant strategic interest among the major industry players,” said Frank Merkel, Managing Director & Partner with C.W. Downer & Co. “We are pleased to have advised HitecVision in their second successful divestiture of a Technor Ex subsidiary, following the sale of Technor Safe Ex to BARTEC GmbH in 2010,” he concluded.
The C.W. Downer & Co. team assisting HitecVision with the divestiture included Frank Merkel (Managing Director & Partner), Michaela Wieser (Vice President), Christian Lang (Associate), Jonathan Puehl (Analyst) and Kathrin Schmitt (Analyst) from the firm’s Frankfurt office.
About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering its clients a high level of personal attention coupled with 38 years of international execution experience. With nine fully integrated offices on four continents, we consistently identify the most appropriate buyers worldwide and uncover „hidden“ acquisition targets. C.W. Downer & Co. combines the global reach of a bulge-bracket investment bank with the personal touch of a boutique.- www.cwdowner.com