Sale to AGCO Corporation
Baird served as the exclusive financial advisor to Rubicon Partners Industries LLP on this transaction
AboutSparex Holdings Limited and its subsidiaries (collectively referred to as “Sparex” or the “Company”), a portfolio company of Rubicon Partners Industries LLP (“Rubicon”), has been acquired by AGCO Corporation (NYSE: AGCO) (“AGCO”) for £53 million.
Sparex is a leading independent, global distributor of generic agricultural accessories, tractor replacement and machinery implement parts serving the agricultural aftermarket. Headquartered in Exeter, UK, Sparex has operations in 17 countries and exports to over 75 countries. It serves a diverse customer base including OEM franchise dealers, independent dealers, distributors, mechanic and repair workshops, farm group stores and cooperatives.
AGCO, founded in 1990 and headquartered in Duluth, Georgia, USA, offers a full product line of tractors, combines, hay tools, sprayers, forage, tillage equipment, implements and related replacement parts. AGCO’s products are sold under the Challenger®, Fendt®, Massey Ferguson® and Valtra® brands and are distributed globally through more than 2,700 independent dealers and distributors in more than 140 countries. AGCO reported 2009 sales of c. $6.6 billion.
Rubicon is an industrial holding company whose aim is to develop the businesses it acquires both operationally and strategically on a long term basis. Rubicon is backed by the RBS Special Opportunities Fund LLP, and majority owned and managed by its partners.
For additional information about this transaction, please contact:
- December 2010
- Sparex Holdings Limited
- Target Location
- Acquiror Location
- North America