News

An Affiliate of Sun European Partners, LLP Completes Acquisition of Invensys Appliance Division, Robertshaw

Sun European Partners, LLP (“Sun European Partners”) today announces that one of its affiliates has completed the acquisition of the Invensys Appliance division from its parent company Schneider Electric, following receipt of required approval by the relevant regulatory authorities in France. Following completion of the transaction, Invensys Appliance has now become the Robertshaw Controls Company (“Robertshaw”).

Robertshaw is a leading design, engineering and manufacturing company that sells the world’s most extensive range of critical components and control systems used to regulate all major functions of white good appliances such as cooking, refrigeration, laundry and dishwashing machines, in both the residential and commercial sectors. Its products include electromechanical and electronic controls supplied under the globally recognized Robertshaw and Ranco brand names to leading international white goods original equipment manufacturers (OEMs).

Headquartered in Carol Stream, IL, USA, the company employs approximately 5,600 people across 22 international engineering, manufacturing and distribution sites in North America, South America, Europe and Asia-Pacific. In the financial year ended 31 March 2013, the company achieved revenues of £331m.

Sun European Partners has significant experience in completing corporate carve-out transactions. Among its affiliated portfolio companies it has a number of leading businesses including Albéa (carveout from Rio Tinto), one of the world’s leading packaging companies for the make-up, fragrance, skincare, personal and oral care markets, headquartered in France; Bundy Refrigeration (carve-out from TI Automotive), a manufacturer and supplier of fluid carrying cooling system components for the domestic refrigeration industry; and DBApparel (carve-out from Sara Lee), a market leader in the design, manufacture and distribution of branded intimate apparel.

About Sun European Partners, LLP
Sun European Partners, LLP is a leading private investment advisory firm, combining the financial skills and resources of a traditional private equity firm with the operational insight and expertise of a world class operating team. The firm focuses on market-leading companies that can benefit from our in-house professionals, resources, and expertise in their efforts to materially improve operating performance. Affiliates of Sun European Partners, LLP have invested in more than 330 companies worldwide since 1995, with combined sales in excess of €35 billion. Further information on Sun European Partners, LLP is available at www.SunEuropeanPartners.com