M&A Deal Summary

H.I.G. Private Equity Acquires Spheros

On March 14, 2024, private equity firm H.I.G. Private Equity acquired automotive company Spheros from Valeo

Acquisition Highlights
  • This is H.I.G. Private Equity’s 8th transaction in the Automotive sector.
  • This is H.I.G. Private Equity’s 15th transaction in Germany.

M&A Deal Summary
Date 2024-03-14
Target Spheros
Sector Automotive
Buyer(s) H.I.G. Private Equity
Sellers(s) Valeo
Deal Type Divestiture

Target

Spheros

Gilching, Germany
website
Spheros GmbH offers worldwide customized solutions for all bus climate control issues for the new approach means the best possible safety and comfort of air - the bus operators for optimum vehicle performance.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1993
PE ASSETS 57.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $500 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 347 of 347
Sector (Automotive) 8 of 8
Type (Divestiture) 43 of 43
Country (Germany) 15 of 15
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-11 ICG

Leonberg, Germany

ICG builds complex FTTx networks on behalf of public and private German network operators. ICG is based in Leonberg, Germany.

Sell -

Seller(S) 1

SELLER

Valeo

Paris, France

website

Category Company
Founded 1923
Sector Automotive
Employees110,300
Revenue 20.0B EUR (2022)
DESCRIPTION

Valeo is an automotive supplier, partner to all automakers worldwide. Valeo was founded in 1923 and is based in Paris, France.

DEAL STATS #
Overall 5 of 5
Sector (Automotive) 4 of 4
Type (Divestiture) 5 of 5
Country (Germany) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-13 Gestigon

Lübeck, Germany

Gestigon GmbH is a German start‑up specialized in developing 3D image processing software for the vehicle cabin. Company provides software for recognition of hand and body gestures.

Buy -
Mergr

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