Private Equity fund palero invest sold 100% of the shares of Heidrive GmbH, including its subsidiary Pasotec GmbH, to Allied Motion Technologies, Inc. on 23 December 2015. Heidrive is a technology leader in highly reliable, mission critical drive technology and is located in Kelheim (Germany) and Mrákov (Czech Republic). In 2015, the group generated sales of approx. €29m with 220 employees. Allied Motion, a U.S. publicly-traded company headquartered in New York State, designs, manufactures and sells motion control products, including drive technology products similar to Heidrive, for applications in a broad variety of industry sectors.
We managed a competitive sales process and presented the opportunity to international strategic and financial investors. Allied Motion was the best, long-term solution for Heidrive.
Heidrive GmbH, founded in 1938, is a specialist in the design and manufacturing of highly reliable, mission critical drive technology. Its product portfolio consists of innovative synchronous drive systems (servo- and EC motors) as well as capacity / three phase motors, shaded pole motors, gear motors and fans. The power range is currently from 1W to 3.75kW and will soon reach up to 15kW. Pasotec is a provider of medical systems (e.g. trolleys) and equipment for household appliances.
palero invest is an independent private equity fund in Luxembourg, which is exclusively advised by palero capital in Munich and pursues an operational approach. palero invest currently holds a portfolio of seven companies.
Headquartered in Amherst, NY, Allied Motion designs, manufactures and sells motion control products into applications that serve many industry sectors. Allied Motion is a leading supplier of precision and special motion control components and systems to a broad spectrum of customers throughout the world.
The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 195,000 employees in 157 countries. Our global network comprises nearly 1,550 M&A professionals all over the world, realizing approx. 390 successful transactions per year. We specialize in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatisations as well as structured financing.
The PwC M&A team in Germany acted as exclusive financial advisor to palero.
The following PwC M&A team members were involved:
Matthias Loos (Partner), Oliver Boot (Senior Manager), Markus Müller (Manager) and Nicolas Bender (Consultant). The team was supported by Robert Ashcroft (Director) and David Silver (Analyst) from the PwC M&A team in the US.
For more information please contact Oliver Boot on +49 69 9585-7752.
Partner, Co-Head Mergers & Acquisitions: Automobilindustrie, Industrielle Produktion
Tel.: +49 69 9585-5667
Dr. Alexander von Friesen
Partner, Co-Head Mergers & Acquisitions: Gesundheitswesen, Handel und Konsumgüter
Tel.: +49 69 9585-5487