John Deere sells German lawnmower business

06.2020: Mutares SE & Co. KGaA has signed an agreement to take over SABO Maschinenfabrik GmbH, one of the leading manufacturers of lawn mowers and other outdoor power tools. The seller is the US group Deere & Company (John Deere). SABO is one of the leading brands for high quality handheld lawnmowers and portable power tools in Europe. SABO manufactures lawnmowers and other power tools for outdoor use and markets them to homeowners, municipalities and gardening and landscaping companies. SABO, based in Gummersbach, Germany, was founded in 1932 and has been a subsidiary of Deere & Company since 1991. SABO employs approximately 125 people.

SABO will retain ownership of its brand assets and operations in Gummersbach. The company will continue to produce handheld lawnmowers and portable outdoor power tools and will sell these machines through its existing network of more than 1,100 dealers in Germany, Austria, Belgium, the Netherlands, Switzerland and Slovakia. According to Deere and Mutares, employees, customers, suppliers, dealers and distributors should hardly notice any changes in daily operations.

The transaction is expected to close by the end of July 2020.

Centum Capital provides this information as a market news, but has not been involved in the transaction.

Paragon acquires provider of wear protection and repair solutions

04.2020: Funds of Paragon acquire all shares in Castolin Eutectic, the globally leading provider of wear protection and repair solutions for industrial equipment, from the Messer Group. Headquartered in Kriftel/Germany, Castolin Eutectic provides the full range of consumables, equipment and services in welding, brazing and coating technologies to more than 40,000 customers around the globe. Active for more than 100 years in the maintenance and repair business, the Castolin Eutectic brand is well known for outstanding technical competence and quality.

In six plants across the globe, Castolin Eutectic manufactures a full range of welding, brazing and coating consumables and equipment used in maintenance and repair jobs by more than 40,000 customers and its own service teams. Its more than 1,600 employees generate annual revenues of €300m with customers in more than 50 industries such as machinery & tool building, oil & gas, steel, mining, cement, glass, power generation and agriculture.

Castolin Eutectic’s products are tailored to mitigate wear and abrasion challenges in thousands of unique applications such as coating power plant boilers to avoid corrosion, refurbishing roller mills in concrete plants, hard facing drilling heads for the oil & gas industry, coating corrosive concrete walls of sewage treatment facilities, and refurbishing technical surfaces of construction and agricultural equipment.

A global network of 800 surface protection and repair experts supports customers to find the right solution for their specific wear and abrasion challenges and thus increase the productivity and useful life of their production equipment. This expertise is highly valued by Castolin Eutectic’s customers, as downtimes of industrial production equipment can cost millions daily.

With its unique application know-how, Castolin Eutectic is the trusted partner to execute complex maintenance & repair projects. In its service shops and on-site at the customer Castolin Eutectic’s 350 employee-strong service team helps customers with highly specialized equipment and materials to refurbish worn-out parts and optimize their physical properties (e.g., harden the surface) to increase uptime.

Centum Capital provides this information as a market news, but has not been involved in the transaction.

Inventory management software company sold to Quandt

03.2020: Harald Quandt Industriebeteiligungen GmbH (“HQIB”) acquired a majority stake in zetcom Group AG (“zetcom”) in March 2020. The Swiss company develops leading software solutions in the field of inventory management for museums and non-profit organizations as well as private, institutional and corporate collections. Globally, zetcom provides solutions to more than 1,000 customers, such as the Louvre, the Stiftung Preußischer Kulturbesitz (Prussian Cultural Heritage Foundation), the National Museum in Oslo and Coca-Cola. The company’s founder and CEO, Marcel Zemp, remains with zetcom as shareholder and continues to manage the day-to-day operations.

Centum Capital provides this information as a market news, but has not been involved in the transaction.

Biscuit factory finds succession solution

02.2020: Financial investor AUCTUS is taking a stake in Georg Parlasca biscuit factory. The traditional family company near Hanover/Germany was founded 1897 and is run by the 4th generation of Anna-Luise, Annett and Georg Parlasca. Parlasca has been able to position itself as a leading private label manufacturer for specialty pastries and bars over the years and focuses primarily on the baby food and organic categories as well as on innovative special recipes (including vegan, low-carb, low-sugar and high-protein). The company sees itself as an innovative service provider that develops and implements customized solutions together with its customers.

The Parlasca family has been planning the future of the traditional company for some time. The goal was to find a strong partner who would support the company in the successful further development. The independence and preservation of the special Parlasca corporate culture should be ensured at the same time. Now AUCTUS, the leading medium-sized German private equity firm, has been found as a long-term partner for the joint implementation of this strategy. The Parlasca family retains a significant stake in the company as part of the partnership, and Georg Parlasca remains the managing director in operational and strategic responsibility. In addition, Georg Parlasca will take over the chair of the advisory board after his work as operational manager and actively shape the long-term strategic development of the company in this role. Mr. Guido Schulze is appointed as the second managing director. The partnership does not change anything for customers, suppliers and employees. Plans for a production expansion at the Burgdorf site are ongoing.

AUCTUS and the Parlasca family plan to accompany the successful development of the company in the long term and to support them through further investments in personnel and technology.

Centum Capital provides this information as a market news, but has not been involved in the transaction.

Precise contacts maker sold to Afinum

01.2020: A funds of investor Afinum acquires a majority stake in Swiss Interconnect Holding SA („LEMCO PRECISION“). Together with the entrepreneur and long-standing CEO André Rezzonico, who will remain minority shareholder.

LEMCO PRECISION (www.lemco-precision.ch) manufactures contacts for data and power transmission that are small in diameter, complex in shape, and suitable to harsh environments. As the Company provides the highest quality and zero-defect guarantees, its contacts are used in highly critical electronic equipment across civil aviation, transport (non-auto), space & defense, telecom as well as industrial and other applications. Over the past two decades, the company has built strong ties to the big connector makers in North America and Europe.

LEMCO PRECISION was founded in 1965 and acquired in 1995 by a group of investors around the shareholder and CEO André Rezzonico. The Group is headquartered in Monthey, Western Switzerland, employs c. 235 FTEs and generated revenues of approximately 56 MCHF in 2019.

Automotive services software company solves succession

01.2020: Software specialist Werbas AG takes a private, German group of investors on board to manage company succession. WERBAS AG is one of the leading providers of effective software solutions in the automotive industry. Companies in many areas who use special workshop software or dealership software benefit from this software in order to optimize their work processes. Thus, Werbas target groups include both car and commercial vehicle workshops & garages, service companies and municipal repair workshops as well as car dealerships, body and paint shops, caravan and motorhome shops as well as classic car repair and restoration companies.

As a neutral and independent provider of functional software, Werbas enables its customers to have broad market access to a wide variety of trading platforms, parts providers, and information and damage calculation systems. Connections to over 250 systems are already available today. The company continuously develops the range of its solutions and interfaces. For over 3,500 customers, Werbas is constantly looking for new advantages and expansion options for its software products.

Centum Capital initiated this transaction and advised the buyer in 2019/20. For details click here

Covestro sells polycarbonates sheets business to Serafin

01.2020: Covestro has successfully closed the sale of its European polycarbonates sheets business to the Germany-based Serafin Group effective January 2, 2020. This includes key management and sales functions throughout Europe as well as production sites in Belgium and Italy. The segment generated total sales of EUR 130 million in 2018. Serafin will continue operations with the 250 employees at all locations. Moreover, Covestro will continue to serve as the key raw materials supplier in the foreseeable future.

From now on, the former polycarbonate sheets business of Covestro will operate under the new company name Exolon Group (www.exolongroup.com). Within Serafin Group, Exolon Group will be established as an independent, mid-sized company. With its own dedicated strategy based on the needs of its customers, the company will be able to fully exploit its growth potential in the future. As an independent company, Exolon Group will continue to focus on the production and distribution of high-quality solid and multiwall sheets, which are used in a variety of industries and applications, such as in the construction- and lightning industries as well as in the fields of mechanical engineering and mobility.

Covestro and Serafin have agreed not to disclose the financial details of the transaction.

Provider of power electronics sold to Bregal

12.2019: Bregal acquires leading provider of power electronics as part of a succession plan. Laboratory power supplies, electronic loads and bidirectional power supplies for R&D, education and industrial applications: These are the core business fields of EA Elektro-Automatik GmbH & Co. KG, a globally leading supplier of power electronics for the high-power electronics market, based in Viersen, Germany. As part of a succession plan, funds advised by Bregal Unternehmerkapital have recently acquired a majority stake in the hidden champion, with the goal of establishing a long-term partnership to continue the company’s success and growth momentum. Today, EA produces on an area of 10.000m² at its headquarters in Viersen, has branches in China as well as the US and employs around 250 people. Under the leadership of founder and CEO Helmut Nolden, the company has experienced strong growth over the recent years and supplies customers from the industrial, alternative energies, electrochemistry, process technology, and telecommunications sectors. EA’s products used to test high-power electric components are also contributing significantly to the development of electric mobility around the world.

Centum Capital provides this information as a market news, but has not been involved in the transaction.

Medical equipment maker sold to GPE Group

11.2019: GPE Group, a producer of specialized med-tech systems and components, has acquired NICOLAY, a manufacturer of medical equipment based in Nagold, Germany. The combined group will generate revenues of appr. € 85 million annually. NICOLAYs core competences lie in the development and production of non-invasive patient surveillance equipment. The product range extends from existing in-house developments, which can be individually adapted, to tailor-made solutions according to customerspecific requirements. “Both companies complement each other with their different core competences. With the acquisition of NICOLAY, GPE will be able to satisfy the growing demand for complex components in the med-tech industry form a single source” says GPE CEO Steven Anderson. The transaction is still subject to approval by the antitrust authorities.

Golf equipment with finds investor for growth

10.2019: Financial invesor Afinum invests in Golfversand Hannover GmbH („all4golf“), Europe’s largest e-commerce company for golf equipment and the undisputed market leader in the German speaking region. The leading position of all4golf is reflected in the extensive range of more than 20,000 SKUs, which includes the full range of golf equipment, apparel and accessories. In addition to the online shop, the physical store attached to its headquarter and main logistics center in Hanover offers one of the largest golf assortments in Germany as well as a state of the art fitting center. Together with Afinum, Stefan Kirste, Managing Director and previous 100% owner of the Company seeks to continue all4golf’s success story by further increasing its market share in Germany and expanding the business abroad.