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The Deal Diary

Sauermann Acquisition of KIMO Gestion Finance

Debt Providers & Financial Adviser to the Vendor

Sauermann Group , world wide leader in designing, manufacturing and marketing pumps for condensate removal has acquired , through its French subsidiary Sauermann Industrie SA, the French family - owned group Kimo Gestion Finance SA (“KGF”), to significantly expand its offer to HVACR* professionals . The parties have agreed not to disclose the financial terms of the transaction. KGF is based in Montpon - Ménestérol, in the Dordogne region of France, and is made up of operational subsidiaries: KIMO SA, Taulou SAS and Katrem SARL. KIMO is th e group’s largest subsidiary. It is part of the HVACR industry and is active in designing, manufacturing and selling instruments aimed at measuring and controlling indoor air quality. KGF employs around 300 people and generated revenues of €34 million in 2 014. KIMO is the most important part of KGF, with almost 85% of the employees , and €30 million of revenue in 2014 . It is the market leader for measurement instruments in France . “In 2004, we adopted a particularly ambitious plan. Having completely overha uled our management systems and financial position, substantially strengthened our presence in the four segments of the HVACR sector and set up subsidiaries in Asia - Pacific and North America, we have successfully achieved all of our targets. However, we we re determined to go even further,” said Serge Bohyn, Sauermann Group ‘s CEO. “Sauermann and KGF are extraordinarily complementary . We fit together perfectly . Our geographical positions complement each other perfectly, as do our organization charts . And from an R&D perspective , it is obvious that our combined group will produce some sensational new products. I am convinced that we share a very bright future together.”

Legal Adviser to the Equity Provider

Legal Adviser to the Vendor

Environmental Due Diligence Provider

The transaction was agreed and took effect on 8 July 2015, with the support of French priva te equity firm CM - CIC Investissement. “We are a long - standing shareholder of the KGF group and we are delighted to be taking part in this transaction, supporting management with their development plans,” explained Eve Basse - Cathalinat, Principal at CM - CIC Investissement.

Aquiline Capital Partners Investment in Fenergo

Legal Adviser to the Equity Provider

Aquiline Capital Partners LLC, a New York-based private equity firm investing in financial services, announced today that is has made an investment in Fenergo, the leading provider of client lifecycle management software solutions for investment banks, capital market firms and private banks. Fenergo’s automated platform streamlines processes for both the front-office and back-office, enabling the efficient and compliant onboarding of clients based on golden source client and counterparty data, improving time to revenue. Aquiline is co-investing with Insight Venture Partners, a leading global venture capital and private equity firm investing in high-growth technology and software companies. Through the investment, Fenergo will be able to support its rapid international growth and platform expansion, in addition to growing its customer base by leveraging Aquiline’s industry expertise and network.

Financial Adviser to the Equity Provider

Legal Adviser to the Vendor

“With Aquiline’s depth of experience and proven track record in financial technology and services, coupled with Insight’s focus on software investing, Fenergo stands to benefit greatly from this partnership, and I am truly excited for the growth opportunities that are now possible with the help of our new investors,” said Marc Murphy, CEO of Fenergo. “Evolving regulatory pressures on financial institutions have demonstrated a clear need for more advanced compliance solutions,” said Jeff Greenberg, Chief Executive of Aquiline. “Fenergo is well-positioned as the market leader in a large and growing industry. We look forward to supporting Marc and the outstanding management team at Fenergo as we work together to achieve the next stage of growth.”

Financial Adviser to the Vendor

In conjunction with the investment, Vincenzo La Ruffa, Head of Financial Technology for Aquiline, will be joining the company’s board. Aquiline was advised by Marlin & Associates and received legal counsel from Willkie Farr & Gallagher LLP in this transaction.

Acquisition International - December 2015 125

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