08.2019: DMB Dr. Dieter Murmann Beteiligungsgesellschaft mbH has acquired Germany-based MESSRING Group. With the August 16 purchase agreement, DMB acquired the crash test technology specialist retroactively as of January 1, 2019. The sellers are the two general managers Robert Weber and Dierk Arp, who will remain general managers of the group.
MESSRING Group, founded in 1968 and headquartered in Krailling near Munich, develops and produces innovative crash test systems and technology for testing active and passive safety systems in vehicles – and is the global market leader in these fields. From the smallest part to the largest facility, MESSRING offers everything the client needs to make its products safer and pass even the most challenging tests. MESSRINGS’s product range stretches from simple drive units to entire turnkey facilities including all the necessary subsystems. Due to the rising importance of active safety systems in automated and autonomous vehicles, MESSRING offers solutions, which can realistically test the reliability of active safety systems on proving grounds. Therefore, MESSRING is developing software/ hardware solutions and test equipment to ensure a progressive approach to test active safety systems.
MESSRING Group employs more than 150 people and includes MESSRING GmbH in Krailling, MESSRING Active Safety GmbH in Ingolstadt, and Chongqing MESSRING Trading Co. Ltd. in Chongqing/China.
As part of DMB, MESSRING will be an independently operating group of companies. The acquisition of MESSRING Group is another step in DMB’s diversification and strategic development. DMB Group now consists of seven portfolio companies with their subsidiaries, which are leaders in their respective markets.
Centum Capital has acted as exclusive adviser to the seller in 2018/19. For details about this transaction >>click here<<
07.2019: Lifco Group has signed an agreement to acquire the majority of the German company ErgoPack Deutschland GmbH. The company is the leading manufacturer of ergonomic and mobile pallet strapping systems that are used in many different industries globally. In 2018, the acquired operation reported net sales of approximately 22 MEUR. The business is based in Lauingen, Germany and employs around 85 people. The operation will be consolidated in Business Area Systems Solutions, division Environmental Technology.The acquisition is subject to anti-trust clearance from German authorities. Please visit www.ergopack.de for more information.
Centum Capital provides this information as a market news, but has not been involved in the transaction.
07.2019: Seitz pet food from Langwedel in Lower Saxony/Germany is a leading manufacturer of premium wet food for dogs and cats in the private label segment. The range also includes BARF products and sausages, which are sold under their own brand “Seitz pet food”. Seitz’s customers include German premium brand companies that sell their products through veterinarians and specialist retailers.
On July 1, 2019, Seitz integrated the Bavarian company Fleischeslust into the Seitz Group. In return, the Kurpas family, owner of Fleischeslust, took part in the Seitz group. “Both companies remain legally independent,” emphasizes Thomas Suwelack, managing director of both companies. The private equity investor BPE Unternehmensbeteiligungen from Hamburg/Germany, which holds a majority stake in the Seitz Group, operates in the background.
The aim of this strategic alliance is to jointly take into account the increasing demand for healthy premium pet food and the regulatory requirements. The growth of both companies focuses on the areas of raw material purchasing and quality management. To secure production capacity, the Seitz Group has invested heavily in a modern production facilities and processes in recent years and now offers products for dogs and cats that are certified according to the IFS food standard. While Seitz pet food continues to focus on its core competence as a private label producer, Fleischeslust got an IFS-certified producer for its own products. The Fleischeslust location in Waldkirchen remains for logistics and finishing.
Centum Capital initiated this deal and advised the buyer. For details click here…
07.2019: In order to support further expansion of the business, funds advised by Steadfast Capital acquired a majority stake in BUK Group (BUK). The transaction comprises BUK Kunststofftechnik GmbH and EMG GmbH, both based in Eppingen (Baden-Württemberg), UHB Kunststofftechnik GmbH, based in Bohmte (Lower Saxony), as well as the toolmaking department of the group. BUK is a manufacturer of high precision and complex injection moulding parts for customers in diverse sectors. The manufactured parts are used, amongst others, in hand tools, water fittings, as well as household and electrical appliances. In addition to the parts department, BUK maintains its own toolmaking department and offers its customers extensive installation services. Together with Thorsten Ulbrich, who continues to hold a significant stake in the group, Steadfast Capital will pursue BUK’s further expansion as well as supporting the ongoing strategic development of the company and its employees.
06.2019: Fidelium Partners has acquired 100% of Mühlhoff Umformtechnik GmbH from owning familiy. Mühlhoff manufacturers complex formed parts and components for the automotive industry. The customer base includes almost all notable car manufacturers such as BMW, Daimler, Ford, Volvo, VW, etc. and their respective suppliers globally. Customers appreciate the high degree of reliability and competence. The parts and components are used in the bodyshells, chassis, powertrains and frames. Around 40,000 tons of steel, aluminum and stainless steel are processed each year. State-of-the-art forming and joining technologies alongside more than 400 qualified employees ensure absolute precision and adherence to the highest quality standards.
04.2019: A fund advised by AFINUM Management GmbH has exited Sinnex to French Groupe Mériguet, a leading provider of renovation services for high end private residences and historic buildings. Sinnex is a highly-specialized interior outfitting company serving the megayacht industry across Europe. The company also builds high end interior for private residences and aircraft. AFINUM acquired the majority of the company from the founders in 2010 and organized their succession. The company more than doubled its total output in recent years. Today, Sinnex belongs to the top group of general contractors in this industry. Within Groupe Mériguet, Sinnex shall leverage on its competencies and contribute to the residential projects of Mériguet. For this purpose, Sinnex runs a factory in Griffen/Austria and engages a broad subcontractor network particularly in Southeast Europe.
03.2019: In order to support further expansion of the business, a fund of Steadfast Capital has acquired a stake in Kempf Group (KEMPF) in February 2019. The transaction comprises Kempf Holding, based in Bad Marienberg (Western Germany) with a further production plant in Kowary, Poland), and Kempf Reparatur, based in Nisterau (Western Germany).
KEMPF is a leading manufacturer of customised lorry semi-trailers with tilt mechanisms. Kempf trailers are used for special applications in the areas of construction, agriculture and special logistics and are known in the market for their quality. Steadfast Capital’s acquisition represents the next step in KEMPF’s corporate succession as part of which the next generation of the family has taken a leading role as a manager and shareholder of the company. Together with KEMPF’s management Steadfast Capital will support the firm’s international expansion as well as the ongoing strategic development of the company and its workforce.
02.2019: Financial investor Halder has completed an MBO of Conen Group (Morbach/Germany). The investment provides a succession solution for the founder’s family which had established the company in 1965.
Conen specializes in outfitting educational institutions like schools and nursery schools in Western Europe, the Middle East and the US. Technical products for interactive learning form an important segment of its business, e. g. height-adjustable display mounts which are increasingly used for teaching. In addition, the company offers a broad range of furniture products for school and pre-school facilities in its German core market and neighbouring countries, sold to more than 1,000 longterm clients.
With inhouse product development and manufacturing, Conen has a deep value chain. In addition, it provides high product availability and customization. Internal logistics cover fast delivery and on-site installation in Germany and cross-border. In 2018, the company achieved € 37 million in turnover and had a staff of 225.
Conen’s international business perspective is driven by an increasing digitalization of global education, resulting in double-digit growth rates for interactive displays. The company plans for closer co-operation with display manufacturers in the US und the Middle East. As government spending for Germany’s pre-school and school sectors is set to increase significantly over the next years, the home market also provides a favorable outlook.
02.2019: Funds advised by Equistone Partners Europe („Equistone“) have agreed the sale of a majority stake in OTTO Luft- und Klimatechnik GmbH & Co. KG („OTTO“) to Engie Deutschland GmbH („Engie“), one of the leading companies for technical building services, facilities management, industrial refrigeration technology and energy services in Germany. OTTO, a leading specialist provider of ventilation and air-conditioning solutions, cooling technology and building automation, was acquired in May 2014 by Equistone. The financial terms of the transaction are undisclosed and completion of the sale remains subject to the approval of the relevant competition authorities.
OTTO was founded in 1967 and has established itself as the market leader in Germany in its space. In addition to its headquarters in Bad Berleburg, North Rhine-Westphalia, the company operates a further 11 locations across Germany. OTTO furnishes shopping centres, hospitals, office buildings, industrial production lines and pharmaceutical laboratories with its ventilation and air-conditioning systems and technical solutions and services clients from industry, trade, commerce and the public sector. Alongside design and implementation, OTTO’s service portfolio also comprises customised services as well as upkeep and installation. As of 2018, the company generates annual revenues of approximately €120 million and employs 700 people, including a high proportion of technical and assembly staff.
Equistone acquired its majority shareholding in the family-owned business in 2014, with Hartmut Otto Jr. remaining invested in the business as son of the founder. As a reliable partner with access to capital, Equistone worked with management to successfully extend the company’s growth trajectory during its investment period. The business strengthened its presence through the opening of multiple new locations in Germany. In addition, OTTO achieved convincing organic growth, increasing revenues and output by more than 50% and doubling employee count in a technical skills-based market, whilst still retaining the Mittelstand company culture characterised by responsibility to and trust between colleagues and customers.