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New Deal


Announced

EnerSys to acquire NorthStar from Altor for $183m.

Financials

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Transaction Value£146m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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batteries

Pending

Renewable Energy Equipment

Friendly

Majority

Single Bidder

Acquisition

battery manufacture

Private

United States

Private Equity

Synopsis

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EnerSys, an American manufacturer of batteries for multiple applications such as motive power, reserve power, aerospace, and defense agreed to acquire NorthStar, the company offers telecom, engine, and uninterruptible power supply batteries from Altor, a private equity fund focused on investing in and developing medium-sized companies for $182.5m. “In line with our previously disclosed strategy to increase sales of premium products we are pleased to announce the acquisition of NorthStar, which will enable EnerSys to dramatically accelerate our production capacity expansion for TPPL batteries,” David M. Shaffer, EnerSys President and Chief Executive Officer.

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