View the full edition of Spotlight at: https://www.preqin.com/docs/newsletters/pe/Preqin-Private-Equity-Spotlight-February-2015.pdf

The Facts Deals in the Industrials Sector Download Data

Buyout Deals in the Industrials Sector

The industrials sector consistently accounts for the largest proportion, though declining, of all - backed buyout deals. Ciantelle Lawrence presents a breakdown of Preqin’s data on these transactions.

Fig. 1: Number and Aggregate Value of Private Equity- Fig. 2: Proportion of Number of Private Equity-Backed Buyout Backed Buyout Deals in the Industrials Sector, 2006 - 2014 Deals in the Industrials Sector by Primary Industry, 2006 - 2014

1,200 1,150 120 100% 4% 4% 3% 5% 5% 5% 6% 6% 3% 2% 4% 8% 3% 3% 5% 3% 4% 3% 5% 1,027 90% 5% 5% 4% 4% 5% Aggregate Deal Value ($bn) 6% 5% 4% 5% 4% 1,000 937 100 5% 5% 6% 6% 914 7% 5% 5% 6% 8% Other 80% 5% 7% 5% 8% 7% 8% 820 802 9% 10% 5% Engineering 800 761 784 80 70% 9% 9% 12% 4% 14% 14% Construction 60% 13% 600 60 33% Logistics 531 30% 33% 30% 25% 50% 34% 24% 20% 18% Distribution No. of Deals 400 40 40% Transportation

Proportion of Total 30% Industrial 200 20 20% 38% 38% 37% 39% 37% 37% 36% 35% 32% Manufacturing 10% 0 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 0% No. of Deals Aggregate Deal Value ($bn) 2006 2007 2008 2009 2010 2011 2012 2013 2014 Source: Preqin Buyout Deals Analyst Source: Preqin Buyout Deals Analyst Fig. 4: Breakdown of Number of Private Equity-Backed Fig. 3: Average Size of Private Equity-Backed Buyout Deals in Buyout Deals in the Industrials Sector by Value Band the Industrials Sector by Region, 2006 - 2014 Globally, 2006 - 2014

700 100% 1% 4% 3% 4% 4% 10% 10% 7% 7% 8% 6% 8% 90% 10% 3% 6% 11% 600 8% 10% 8% 10% 8% 12% 9% 80% 8% 7% 9% 6% 15% $1bn or More 500 14% 20% 16% North America 70% 16% 18% 17% 17% $500-999mn 60% 400 Europe 16% $250-499mn Asia 50% 300 $100-249mn 40% Rest of World 77% 65% Less than Proportion of Total 30% 62% 63% 62% 60% 200 56% 57% $100mn Global 50% Average Deal Value ($mn) Deal Value Average 20% 100 10%

0 0% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2006 2007 2008 2009 2010 2011 2012 2013 2014 Source: Preqin Buyout Deals Analyst Source: Preqin Buyout Deals Analyst

Fig. 5: Notable Private Equity-Backed Buyout Deals in the Industrials Sector in 2014

Investment Investment Deal Size Investment Bought from/ Firm Primary Firm Investor(s) Type Date (mn) Status Exiting Company Location Industry CPP Investment Board, Onex Gates Global Inc. Buyout Apr-14 5,400 USD Completed Blackstone Group US Manufacturing Corporation, Reynolds Packaging SIG Combibloc Buyout Nov-14 3,750 EUR Announced Onex Corporation Switzerland Manufacturing Group Halla Visteon Hahn & Company, Climate Control PIPE Dec-14 3,600 USD Announced Visteon Corporation South Korea Transportation Hankook Tire Co. Corp. Signode Illinois Tool Works Buyout Feb-14 3,200 USD Completed Carlyle Group US Manufacturing Industrial Group Inc. Constantia Buyout Dec-14 2,300 EUR Announced Wendel One Equity Partners Austria Manufacturing Packaging AG Source: Preqin Buyout Deals Analyst

15 Private Equity Spotlight / February 2015 © 2015 Preqin Ltd. / www.preqin.com