Deals

RHI AG sold two fused cast production plants to LIVIA

127 RHI - Podolsk
Datum:
2017
Branche:
Refractories
Länder:
Austria, Germany, Italy, Poland
Competences:
Sell side

MP Corporate Finance acted as the exclusive financial advisor to RHI AG in the sale of Refel S.p.A and CJSC RHI Podolsk Refractories, two fused cast manufacturers, to Munich based Investor LIVIA Corporate Development.

RHI AG is a globally operating supplier of high-grade refractory products, systems and services. RHI AG employs c. 7,900 employees, operates around 30 production facilities and more than 70 sales offices, generates a turnover of € 1.7 billion and has recently merged with Magnesita.

Refel S.p.A., headquartered in San Vito al Tagliamento in Italy, is an established leading manufacturer of high quality fused-cast refractory products for the global glass industry.

CJSC RHI Podolsk Refractories, headquartered in Moscow, Russia, is the leading local player in the Russian fused-cast refractory market.

The divestiture of the two production units was motivated by the implementation of a new strategy for the business unit Glass.

LIVIA is an independent industrial holding as well as the private investment firm of Prof. Dr. Dr. Peter Löw. LIVIA invests in a diverse spectrum of assets, ranging from corporates, real estate, agricultural, emerging markets, and fine arts & antiques.

MPCF executed the transaction leveraging upon outstanding Carve-out expertise, successfully approaching the challenges related to cutting the ties between the Group and the two targets (incl. IT, Sales, Purchase, Legal). On top of that, the deal team of MPCF secured a confidential process and adopted to the requirements of a publicly listed seller, coordinated six bidders throughout due diligence phase, and led the commercial negotiations in close cooperation with the principals and lawyers.

RHI AG sold its dolomite business consisting of the production sites in Marone, Italy and Lugones, Spain

rhi_intocast_dolomite_420x140_2
Datum:
2017
Branche:
Refractories
Länder:
Austria, Germany, Italy, Spain
Competences:
Carve out, Spin off

MP Corporate Finance acted as the exclusive financial advisor to RHI AG in the carve out of two of its European production plants to fulfil its commitments towards the European Commission following the merger of RHI and Magnesita.

The combination of the two leading refractories players, RHI AG (Austria) and Magnesita Refratários S.A. (Brazil) was approved by the European Commission on June 28th 2017. On September 8th 2017, RHI and Magnesita signed contracts with the German refractories supplier Intocast AG regarding the sale of three European production plants to fulfil their commitments towards the European Commission. The contribution to revenue of the three plants amounted to roughly € 100 million in the financial year 2016.

For the closing of the transaction, the European Commission has to confirm the buyer. The sale of the three production sites is a condition for the execution of the merger of RHI and Magnesita.

The MPCF transaction team supported RHI and Magnesita during the entire divestment process. The team executed financial and operational carve out analysis, liaised with investors and legal teams and facilitated a smooth process in a highly complex deal with multiple stakeholders.

Mecaplast Group sold its Truck business to mutares

Mecaplast Mutares
Datum:
2017
Branche:
Automotive Plastics, Injection Moulding
Länder:
France, Germany, Italy
Competences:
Sell side, Carve out, Cross border

MP Corporate Finance acted as the exclusive financial advisor to Mecaplast Group in the carve out of its Truck business to private equity investor mutares as add-on for STS.

Headquartered in Paris, Mecaplast Group is a leading automotive plastics supplier for engine, interior and body parts serving OEMs on a global scale with innovative solutions and superior quality products.

In course of the strategic decision to focus on its passenger car core segment, Mecaplast Group divested its Truck business to the German private equity investor mutares.

Mecaplast Group’s Truck business is an established provider of high-quality injection-moulded parts and complete systems for light-weight and heavy trucks. The business consists of two profitable plants based in Izernore and Précigné, France. The two sites generate revenues of c. EUR 70m with 340 employees in total. Both sites are strategically located close to major Truck OEMs.

The acquisition by mutares represents an add-on for its portfolio company STS-Acoustics. STS is a leading provider of innovative solutions for acoustic and thermal insulation supplying almost all European truck manufacturers out of three sites in Italy. Through the acquisition, STS will significantly broaden its customer base and product portfolio.

MP Corporate Finance supported Mecaplast Group throughout the entire carve out process. The transaction team performed a detailed investor analysis and prepared all process-related documentation. MPCF’s experts managed communication with investors and took the commercial lead in SPA negotiations. MP Corporate Finance executed a tailored M&A process based on deep industry knowledge and extensive transaction experience in the global automotive plastics industry.

Italian Donau Carbon Technologies s.r.l. sold to private investors

96_DCT_Donath
Datum:
2015
Branche:
Plant Construction
Länder:
Italy
Competences:
Sell side, Carve out, Financial engineering

MP Corporate Finance acted as exclusive M&A advisor to the shareholder of Italian Donau Carbon Technologies s.r.l., an EPC provider of air pollution control plants, in the sale to a group of private investors.

Flextronics sold Paderborn site to Selcom and 4K Invest

TS_Periscope_www
Datum:
2014
Branche:
ICT - EMS
Länder:
USA, Germany, Italy
Competences:
Sell side, Carve out, Cross border

MP Corporate Finance acted as exclusive financial advisor to Flextronics International Ltd. in the spin-off of the company's German special business solutions unit in Paderborn to 4K Invest & Selcom SpA, who thereby gained a major footprint in the German EMS market.

Flextronics is a leading electronic manufacturing services (EMS) provider with international activities and customer exposure. The company generated $ 26.1 billion sales in 2014 and employs a staff of more than 200,000 employees.

The new owners of Periscope are a consortium of Selcom SpA, an Italian SME provider, which is financially backed by German private equity fund 4K Invest AG. Headquartered in Castel Maggiore, IT, Selcom operates sites in the US, Tunesia and China. Prior to the transaction, Selcom lacked significant customer exposure in Germany, which represents Europe’s biggest single EMS market. Periscope signifies the immediate establishment of a significant footprint for Selcom, thus enhancing the group’s profile as international EMS Provider.

Ramaer sold to ELCO Group

TS_Arts
Datum:
2014
Branche:
Electronics, PCB
Länder:
Netherlands, Italy
Competences:
Sell side, Cross border

MP Corporate Finance acted as the exclusive financial advisor to the owner in the sale of the Dutch printed circuit board specialist Ramaer to elco, an Italy-based PCB producer backed by financial investor Fondo Italiano d'Investimento.

Ramaer is a leading producer of highly sophisticated Printed Circuit Boards (PCB) for the most demanding applications. Based in Helmond (NL) the company supplies double-sided and multilayer PCBs, flex and flex-rigid PCBs as well as high-density interconnect PCBs to the medical, industrial and avionics segment.

Headquartered in Rome (IT), elco is an international leader in PCB production with a focus on aerspacace & defense, industrial electronics, telecommunications and medical devices. With more than 40 years of manufacturing experience the company operates plants in Italy, France, Spain and China.

The transaction facilitates the realization of significant operating synergies based on increased regional market coverage, an enlarged product and service offering as well as transfer of production know-how and technological capabilities. Ramaer will continue to be an independent company within the elco Group and operations remain in the hands of the management team.

LPP Leiterplatten Pfullingen sold to Tecnomaster Group

LLP Tecnomaster
Datum:
2012
Branche:
Electronics, PCB
Länder:
Germany, Italy
Competences:
Cross border, Distressed M&A

MP Corporate Finance acted as exclusive financial advisor to the owners of LPP Leiterplatten Pfullingen in the sale to Italian Tecnomaster Group. Tecnomaster acquired LPP out of insolvency.

Due to a tight schedule resulting from LPP’s precarious situation, MPCF and its partners strived for a fast and efficient, though nevertheless structured process and were able to close the transaction within 2 months after signing the mandate agreement.

LPP is a leading manufacturer of printed circuit boards, based in Pfullingen near Stuttgart in Germany. The company produces a variety of PCBs, including double-sided-, multilayer- and high frequency control boards. LPP also offers layout and prototyping services, as well as realization of special applications, crafting PCBs with 75µm 4×4 mountings.

Headquartered in Pavia di Udine in Northern Italy, Tecnomaster Group is the result of the integration of Tecnomaster SpA, Corona SpA, SOS Electronic Engineering and Technomaster International. The group ranks among the top providers of printed circuit boards, capable of meeting also large bulk orders of its very diverse range of customers. Tecnomaster serves clients from various industries, including aviation & defence, automotive, medical, and power generation.

Donauchemie sold Donau Carbon to INTECO special melting technologies

inteco
Datum:
2012
Branche:
Chemicals
Länder:
Austria, Italy
Competences:
Carve out, Sell side, Cross border

MP Corporate Finance acted as the exclusive financial advisor to Donau Chemie AG, in the sale of ist subsidiary Donau Carbon SpA, a plant construction engineering company for air treatment plants, to INTECO special melting technologies GmbH.

Vienna headquartered Donau Chemie AG produces and sells inorganic base chemicals for the chemical industry with three production sites for high qualitative products. As part of Donau Chemie AG’s strategic focus on its core operations, a decision was made to sell 100% of its non-core plant construction activities, being conducted by the Italian subsidiary Donau Carbon Italy.

Donau Carbon Italy, located close to Milano, has a successful history of 30 years and is an engineering and equipment supplying company with the capability and knowledge to develop a huge range of plants in the fields of air treatment and related environmental areas on a global scale. The main technologies are the treatment of volatile organic compounds (VOC), in particular Regenerative Thermal Oxidation Plants (RTO) and Solvent Recovery Plants (SR).

INTECO was founded 1973 in Bruck an der Mur/Austria. INTECO’s expertise and engineering qualities, as well as the offer of customized turn-key solutions have turned INTECO into the worldwide leader providing engineering services and equipment in the field of Primary and Secondary Metallurgical and Casting Equipment such as electric arc furnaces, vacuum degassing units, ladle furnaces and continuous casting machines for the production of steel and Ferro-alloys as well Special Metallurgy with a special focus on all kind of remelting furnaces for the production of high demanding products such as power generation applications and aircraft engines.

Ring International acquired Ecopolifix

rih_ecopolifix
Datum:
2011
Branche:
Chemicals
Länder:
Austria, Italy
Competences:
Buy side, Buy&Build, Cross border

MP Corporate Finance acted as the exclusive financial advisor to Ring International Holding AG in the acquisition of Ecopolifix s.r.l. as part of the buy & build strategy.

Consisting of 30 enterprises, Ring International Holding as a group is a leading provider in the industrial coatings and the stationary industry. The group operates 12 production sites and currently employs a staff of 1,300 on three continents. Using a total of 83,000m² in production facilities, RIH has an annual output of approximately 1.7 billion foilings, 60 million ring binder mechanisms and some 185 million lever arch mechanisms for the office equipment industry. Furthermore, the group supplies various industrial clients with 20,000 tons of wet paint for road markings, anticorrosive coatings and other appliances, as well as 10,000 tons of powder coatings for various industrial purposes.

Ecopolifix was founded by a group of ambitious young entrepreneurs and, thanks to its dynamic management, seized world market leadership in thermoplastic- and hardening powder coatings within only a few years.