SNDC has completed an OBO and has been acquired by Newco
The shareholders of SNDC have completed an OBO transaction to offer exit to one private equity fund and several private investors. Financial details have not been disclosed.
Founded in 1986, SNDC is specialized in HVAC for off-road vehicles, with two different activities: OEM HVAC products, which include design, component sourcing, assembly and testing, filtration and pressurization for Industrial off-road vehicles in the commercial, industrial, agricultural and construction machinery sectors; and aftermarket services, which include technical consulting and trading of spare parts, and consumables and tooling for HVAC systems maintenance and repair. The aftermarket activities are performed under the ECOCLIM brand.
Oaklins' team in France acted as the exclusive advisor to the sellers in this transaction. After having received several offers from buyers, and considering the growth potential for the coming years, the shareholders finally decided to organize a new LBO transaction rather than a full sale. This OBO transaction will allow one of the PE funds and some private investors to exit while keeping the current management and other PE funds on board.
![](/files/styles/hero_image/public/IND%20M%20deal%205_0.jpg)
![](/api/deal-party-images/104852/deal-parties.png)
Talk to the deal team
Related deals
Royal Reesink has sold Motrac Industries to Anders Invest
Royal Reesink and Anders Invest have completed the sale of Motrac Industries, a specialist in hydraulic and electrical engineering.
Learn moreÑaming, SL has been acquired by DeA Capital S.p.A.
Spain’s leading producer of sandwiches, fresh and ultra-fresh products, Ñaming, has sold a majority stake to Italian fund DeA Capital.
Learn moreUniKidz has partnered with Karmijn Kapitaal
Karmijn Kapitaal has acquired a majority stake in UniKidz, a talent development organization that provides a scientifically-based developmental approach through high-quality childcare. Through the partnership with Karmijn Kapitaal, UniKidz can take the next step in bringing their unique concept to even more children.
Learn more