Houlihan Lokey Advises MDT technologies

Houlihan Lokey is pleased to announce that MDT technologies (MDT), a leading European building automation platform and portfolio company of IK Partners (IK), has agreed to be acquired by funds advised by BU Bregal Unternehmerkapital (BU). Financial terms of the transaction are not disclosed, and completion remains subject to customary regulatory approvals.

Founded in 1984 and headquartered in Engelskirchen, Germany, MDT is a specialist manufacturer of smart building components based on the KNX standard. The company’s offering comprises wired and wireless KNX components, high-end design sensors, and cloud-enabled management solutions, enabling the automation and control of a multitude of functions such as heating, ventilation, and lighting in both residential and commercial buildings.

Today, MDT employs approximately 250 people, with a growing presence in Europe, India, and the Middle East. Through strong channel partnerships that benefit from high installer loyalty and a highly effective go-to-market strategy, the company serves a broad global customer base. Since partnering with IK in March 2020, the company has more than doubled its output, both organically and through strategic acquisitions, which have created a uniquely comprehensive KNX platform that is well positioned for its next stage of growth alongside BU.

IK is a European private equity firm focused on investments in the Benelux and DACH regions, France, Iberia, Nordics, and the U.K. Since 1989, IK has raised more than €20 billion of capital and invested in over 210 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects.

BU is a leading investment firm with offices in Zug, Munich, Amsterdam, Milan, and London. With more than €7 billion in assets under management, BU is the largest mid-cap investor headquartered in the DACH region. The funds advised by BU focus on investments in midsized companies across the DACH region and neighbouring economies. With the mission to be the partner of choice for entrepreneurs and family-owned businesses, BU seeks to partner with market leaders and “hidden champions“ with strong management teams and breakout potential. Since its founding in 2015, the funds advised by BU have invested in more than 180 companies, thereby creating over 11,000 jobs for a total of nearly 32,000 employees. As a strategic partner, BU helps entrepreneurs and families develop, internationalise, and digitise their businesses, while generating sustainable value on a responsible basis with the next generation in mind.

Houlihan Lokey served as the exclusive financial advisor to the shareholders of MDT. The deal team assisted in initiating, structuring, and negotiating all key aspects of the transaction on its behalf. This deal represents another highly successful transaction for Houlihan Lokey.

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