Harris Williams & Co. Advises New Finder S.A. on the pending sale of Finder S.p.A to the Pump Solutions Group of Dover Corporation
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces that New Finder S.A. has entered into a definitive agreement to sell Finder S.p.A (Finder), a leading manufacturer of centrifugal, screw, vacuum and piston pumps, to the Pump Solutions Group (PSG), an operating company within Dover Corporation (NYSE: DOV; Dover). Harris Williams & Co. is acting as the exclusive advisor to the seller, New Finder S.A, a portfolio company of FA Capital. The transaction is expected to close early in the fourth quarter of 2013 and is being led by Julien Darmon and Alex Murrill from Harris Williams & Co.’s London office and Bill Roman from the firm’s Boston office.
Finder, headquartered in Merate, Italy, is a leading provider of engineered pumps, spare parts and related services for critical applications in oil & gas, power generation and general industrial processes. Approximately 80% of Finder’s revenue is generated from products manufactured to the exacting standards of the American Petroleum Institute (API). Finder sells its products worldwide. The company employs approximately 200 people and has fully owned subsidiaries in Italy, France, the People’s Republic of China as well as a joint venture in Saudi Arabia. Finder expects to generate revenues of approximately $80 million in 2013.
Dover is a diversified global manufacturer with annual revenues of more than $8 billion. Dover focuses on innovative equipment and components, specialty systems and support services through its four major operating segments: Communication Technologies, Energy, Engineered Systems and Printing & Identification. Headquartered in Downers Grove, IL, Dover employs 35,000 people worldwide. Dover Corporation is traded on the New York Stock Exchange under “DOV”.
A part of Dover’s Engineered Systems segment, PSG is a global leader in pumps, systems and related technologies. PSG’s portfolio of premium pump and other technologies service a broad array of quality industrial applications and includes global brands Abaque®, Almatec®, Blackmer®, Fluid Dynamics™, Griswold™, Maag®, Mouvex®, Neptune™, Quattroflow™ and Wilden®, all of which deliver value added pumps and systems that serve customers requiring safe and efficient transfer of critical and valuable materials. PSG features facilities in the U.S., France, Germany, Italy, Switzerland, India, China and Australia.