02-Jun-2021

goetzpartners advised 4D Global Energy Advisors S.A.S.

Deal announcement

goetzpartners advised Alternative Investment Fund Manager 4D Global Energy Advisors on the sale of Dulevo International S.P.A. to FAYAT Group

goetzpartners was mandated as exclusive M&A advisor by 4D Global Energy Advisors S.A.S. (4D GEA), acting as alternative investment fund manager of 4D Global Energy Investments PLC and its wholly owned subsidiary Rosehope Limited, on the sale of Dulevo International S.p.A. ("Dulevo") to FAYAT Group. goetzpartners worked closely with the responsible fund managers of 4D GEA, Tighe Noonan and Jérôme Halbout.

Dulevo will be part of FAYAT Environmental Solutions. Dulevo’s well-established reputation and professional expertise, particularly in self-propelled mechanical sweepers, will further strengthen FAYAT Group's position in this industry segment. Further, Dulevo’s strong global product range will complement the current sweeper family – Ravo, Scarab and Mathieu – and create a true "One-Stop Sweeper Shop" capable of delivering the fullest possible range of complementary products. With this acquisition, FAYAT Environmental Solutions will become the global leader in sweeping solutions.

With the addition of Dulevo, FAYAT Environmental Solutions will have yet another source of expertise and excellence. Going forward, the entities will be able to share best practices and harmonize business processes in order to maximize the benefits that this wider pool of knowledge brings to everyone involved. Leveraging these benefits, FAYAT Environmental Solutions will be able to offer dealers and end-users the best possible customer experience and the highest possible level of service

The acquisition includes all Dulevo sales and service operations, as well as ownership of the administrative buildings and all manufacturing facilities in Northern Italy.

For Jean-Claude Fayat, President of the FAYAT Group, this acquisition means, above all, a chance to deliver greater benefits to dealers and end-users alike. "We are very happy to welcome Dulevo into our Group. Dulevo will enlarge our offers with mechanical sweepers and electric sweepers, while accelerating our growth in some strategic geographic areas. We will create even more value for our customers. We will leverage expertise and complementary technologies with our existing portfolio to develop continuously solutions that closely meet the needs of our customers, today and for the future."

goetzpartners acted as sole and exclusive M&A advisor to 4D Global Energy Advisors S.A.S. (4D GEA). This transaction underpins goetzpartners' industry know-how in the industrial sector and the strong execution capabilities in cross-border M&A transactions. The terms of the transaction were not disclosed.

About FAYAT Group
The FAYAT Group, operating in 170 countries thanks to the dedication of more than 21,500 employees, provides innovative and sustainable solutions to its customers all over the world in the 7 major activities where it has developed: Civil Works, Foundations, Building, Energy Services, Metal, Pressure Vessels and Road Equipment. In 2020, the Group achieved turnover of €4.1 billion.
For more information: www.fayat.com

About Dulevo International
Dulevo International S.p.A was founded in 1976 in Parma, Italy, and opened its first manufacturing plant in 1982. Operating in more than 80 countries, Dulevo has more than 200 employees. It went from an annual turnover of ca. €45 million and an EBITDA of €3.5 million at the time of 4D Global Energy Investments PLC's investment in 2013 to ca. €100 million and €12 million, respectively in 2019 under the leadership of CEO Tighe Noonan.
For more information: www.dulevo.com

Transaction Team

Jan-Hendrik Röver
Managing Director
Email

Robert Wagon
Associate Director

Michael Werner
Analyst