Deals

ANGER Group majority-acquired and refinanced by Tongtai Machine & Tool Co.

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Datum:
2015
Branche:
Machine tool industry
Länder:
Taiwan, Austria
Competences:
Sell side, Financial engineering, Debt Refinancing

MP Corporate Finance acted as the exclusive M&A advisor to the shareholders of ANGER Group in the sale of a majority stake to Taiwanese Tongtai Machine & Tool Co., Ltd. ANGER is a pioneer in high-performance transfer centres.

MP Corporate Finance was retained by the owners to advise on the engagement of a new strategic partner backing the group’s further growth and to manage the transaction and debt refinancing process. During negotiations with several highly interested international investors, Taiwan-based Tongtai Machine & Tool Co., Ltd. crystallized as the optimal partner to accompany the group during globalization.

Tongtai has acquired a 76% shareholding in mbi-group Beteiligung GmbH, the holding of ANGER MACHINING and HELLMERICH, and refinanced the group. The investment of Tongtai provides the companies with independence from bank financing and enables them to advance their market position around the world.

Headquartered in Traun (AT), ANGER is the global market leader for high-performance transfer centres. Through unrivalled precision and production efficiency ANGER transfer centres revolutionized serial part machining processes in the automotive, vehicle and general metal processing industry. ANGER focuses on future-oriented applications for engine, transmission and chassis parts in aluminium or steel.

Based in Seeboden (AT), HELLMERICH is the firm of reference for maximum-precision multi-spindle heads, crown turret heads and precision components for the machine tool sector.

Family-owned, listed Tongtai is one of the largest machine tool companies in Taiwan with an exceptional presence in Asia and a manufacturing network spanning Taiwan, China and Malaysia. Its broad product portfolio covers advanced manufacturing solutions for diverse industries from automotive to general manufacturing and aerospace.

Its technological competence and renowned brand make ANGER an important pillar in Tongtai’s technology accretion and global expansion strategy. The new partner enables ANGER to broaden its international footprint in Asia and America and to roll out the new ground-breaking FLXBL product line.