Deals

Regnerbau Calw sold to The Toro Company

Perrot - TORO
Datum:
2016
Branche:
Metal
Länder:
USA, Germany, Poland
Competences:
Sell side, Cross border

MP Corporate Finance acted as the exclusive financial advisor to the owners of Regnerbau Calw and its wholly owned subsidiary Perrot Polska in the sale of the company to US-based The Toro Company, a leading provider of professional irrigation equipment and Solutions.

Regnerbau Calw is a world-market leader in specialist irrigation solutions for professional applications, mainly targeting sports turf irrigation. Through its wholly owned subsidiary Perrot Polska, the Company further provides high-quality pipes and quick-coupling solutions for temporary aquifer systems.

The acquisition of Regnerbau Calw allows The Toro Company to tap into complementary niche market applications in professional irrigation solutions. Says Rick Olson, CEO of The Toro Company: “This acquisition is consistent with our strategy to grow in the professional, water and global markets, and provides an expanded offering of professional irrigation solutions to better serve our customers.”

Through the transaction Regnerbau Calw will greatly profit from The Toro Company’s outstanding sales presence and corporate structure, thus offering unique opportunities to further develop and grow its successful business. According to Mr Fleig, former co-owner of the Company “Toro will help expand our global footprint and take our business to the next level”.

MP Corporate Finance took the helm during the thorough due diligence as well as the final negotiation phase, managing and aligning different mind-sets and ways-of-work resulting from an owner-managed SME target and a global corporate buyer. MP Corporate Finance thus succeeded in ensuring a time- and resource efficient process.

Scheuch acquired Schust Engineering Inc.

115 Scheuch - Schust
Datum:
2016
Branche:
Plant Construction
Länder:
Austria, USA
Competences:
Buy side, Cross border

MP Corporate Finance acted as exclusive M&A advisor to Scheuch Group in the acquisition of Schust Engineering Inc., a transaction marking one further step in Scheuch‘s structured globalization campaign.

Scheuch Group is an Austrian specialist in industrial air purification plants and clean-air technology for the wood-, wood-based products-, industrial minerals-, metals- and energy industries. The group‘s operations comprise approx. 1,000 employees in 20 countries.

Based in Fort Wayne, Indiana, USA, Schust Engineering provides EPC services (complex engineering, project management and services) for large scale industrial air pollution control (APC) systems. The Company further employs a team of highly qualified service engineers supporting the Company’s customers in installation and start-up of APC systems on site.

With the acquisition of Schust, Scheuch took the next step to expand its presence in the attractive North American market for industrial APC equipment and components, with Schust acting as turn-key provider for tailored APC solutions, complementing CamCorp’s wide range of standard APC products and equipment.

Giving insight to the transaction is Jürgen Donath, Managing Director and Sector Head of Machinery & Plant Construction at MP Corporate Finance: “Together with Scheuch’s previous acquisition of  CamCorp, the group now runs a sizeable, self-sustaining operation in the US. Both firms’ USPs are highly synergetic and complementary, with individual operations fitting together seamlessly. Together, both Companies position Scheuch as a full-service provider with top-technology capabilities in APC equipment and solutions in North America.”

Leveraging upon its existing contact network and pursuing a structured acquisition process, MP Corporate Finance succeeded in finding the perfect partners for Scheuch, completing transactions beneficial to the sustainable development of all companies involved.

Mecaplast Group entered into an agreement to purchase Key Plastics

TS_420x140mecaplast_key plastics_2B
Datum:
2016
Branche:
Automotive Plastics
Länder:
France, USA
Competences:
Buy side, Cross border

MP Corporate Finance acted as the exclusive financial advisor to Mecaplast Group in the acquisition of Key Plastics, marking the formation of a new global Top 10 automotive plastics supplier.

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.

The Group comprises 27 plants, 16 customer services centres, 5 technical centres and 3 skills centres with ~6,000 employees in total spread over 18 countries generating sales of ~€735 million by serving major OEMs. In April 2016, funds  managed  by Equistone Partners Europe, a leading pan-European Private Equity investor, acquired a majority stake in Mecaplast in order to support the group´s growth strategy with the aim of becoming a global key automotive supplier with over €1 billion turnover.

Key Plastics, based in Livonia, Michigan, operates 12 manufacturing facilities worldwide, including painting facilities in six countries. The company manufactures automotive interior, exterior and under-the-hood plastic components with annual revenue of about $ 415m. It has about 3,500 employees worldwide.

MP Corporate Finance (MPCF) has been retained by Mecaplast Group as exclusive financial advisor supporting the global strategic growth plans in a structured buy-side approach. In the context of the contemplated transaction, the project team of MPCF acted as the main contact for the Sellers. Following the valuation and drafting of the offer documentation, MPCF coordinated a global due diligence team consisting of more than 150 people streamlining information flow towards a focused negotiation phase. MP Corporate Finance led the commercial negotiations in close cooperation with the principals and lawyers towards a mutual signing.

Through the transaction, Mecaplast Group will expand its presence in key markets such as the United States, Germany and China, and diversify its customer portfolio. The combined Mecaplast and Key Plastics groups will service all major global automotive manufacturers from facilities in virtually every major international market, offering its diversified customer base a broad portfolio of product capabilities from a truly global manufacturing footprint.

Closing  of  the  transaction  is  subject  to  approvals  by  competition  authorities  in  certain  countries  and  other customary closing conditions.

capiton sold Schur Flexibles Group to Lindsay Goldberg

TS_capiton_schur_420x140
Datum:
2016
Branche:
Packaging
Länder:
Germany, Austria, USA
Competences:
Cross border, PE-Exit, Sell side

MP Corporate Finance acted as the exclusive financial advisor to capiton and the management in the sale of Schur Flexibles Group, a European leader in high-quality flexible packaging products to private equity investor Lindsay Goldberg, represented in Europe by Lindsay Goldberg Vogel.

Headquartered in Baden, Austria, the Schur Flexibles Group is a leading supplier of high value-added flexible packaging solutions for the food, tobacco and pharmaceutical markets. The company covers the entire value chain of the packaging industry, from raw material sourcing to extrusion, printing, lamination and converting.

Schur Flexibles Group was created over the past five years by capiton and the CEO and co-owner Jakob A. Mosser through realization of a buy-and-build concept. Today, the group consists of twelve companies with eleven production sites in Germany, Finland, Denmark, Holland, Poland, Slovakia and Greece. In 2015, the group generated sales of almost € 370 million and employed more than 1,100 employees.

After 8 acquisitions and 1 greenfield investment since 2011, the owners of Schur Flexibles Group have sold their shareholdings to Lindsay Goldberg, represented in Europe by Lindsay Goldberg Vogel. Management remains invested in the company and will continue to grow the group together with the new owners, also through further add-on acquisitions.

Monofrax LLC sold to Callista Private Equity GmbH

110 RHI-Monfrax-Calista
Datum:
2016
Branche:
Construction
Länder:
Austria, Germany, USA
Competences:
Sell side, Carve out, Cross border, Distressed M&A, Financial engineering

MP Corporate Finance acted as the exclusive financial advisor to RHI AG in the sale of Monofrax LLC, a US based manufacturer of fused cast refractory materials that was not considered core business anymore, to Munich based Investor Callista Private Equity GmbH.

RHI is a globally operating supplier of high-grade refractory products, systems and services, which are indispensable for industrial high-temperature processes exceeding 1,200 °C. With roughly 7,900 employees, over 30 production facilities and more than 70 sales offices, RHI generates a turnover of € 1.7 billion and serves more than 10,000 customers from the steel, cement, nonferrous metals, glass, energy and chemical industries. As part of the group’s strategy to focus on its core business, RHI decided to divest non-core ventures to ensure these companies’ sustainable future development under dedicated new ownership.

Monofrax is a leading producer of fused cast refractory materials, mainly used within the construction of furnaces for glass manufacturing and other industries. The company has more than 80 years of experience with refractory materials and offers a very diversified, high quality product portfolio. The company provides the full range of products from commodity to premium fused cased refractory materials.

Munich based Callista Private Equity GmbH acquired 100% of shares in Monofrax LLC in a tender sales process.

Periscope GmbH sold its business operations to Cemtrex Inc.

TS_periscope_cemtrex_420x140_neu
Datum:
2016
Branche:
EMS
Länder:
Germany, USA
Competences:
Distressed M&A, Sell side, Cross border

MP Corporate Finance acted as the exclusive financial advisor to Periscope GmbH in the sale of its business operations during self-administrated insolvency to New York-based Cemtrex Inc., a Nasdaq-listed technology, industrial & manufacturing company.

With roots in one of the oldest German industrial conglomerates, Periscope provides high-end electronic manufacturing services, mainly for automotive and industrial applications.

Cemtrex is a stock-market listed industrial services company with headquarters in New York, NY, USA. The group provides high-end B2B products and services to various industries, including electronic manufacturing services through its German subsidiary ROB-Cemtrex.

The acquisition of Periscope marks another step in Cemtrex’s establishment of firm foothold in the European electronics industry. Together with ROB, Periscope is envisaged to secure a broader base and larger market share in Europe’s most important single EMS market. Says Cemtrex CEO Saagar Govil: ‘This acquisition is a significant strategic milestone in our effort to strengthen our position in the European EMS market and get into the exponentially growing automotive market. German automobile companies are driving innovation in the industry and we are eager to tap into this market for the future.’

For Periscope, who encountered increasing financial challenges during the second half of 2015, the acquisition by Cemtrex signifies securing future existence at its current location in Paderborn, Germany. With Cemtrex taking over all assets to continue electronic manufacturing operations, the vast majority of employees will be able to retain their jobs, helping develop the company, now operating as ROB Cemtrex Automotive GmbH, into a reliable and trusted partner to major Automotive OEMs and Tier-1 suppliers.

Scheuch Group acquired a majority interest in CamCorp Group

106 Scheuch - CamCorp
Datum:
2015
Branche:
Anlagenbau
Länder:
Austria, USA
Competences:
Buy side, Cross border

MP Corporate Finance acted as M&A advisor to Austrian Scheuch Group in the acquisition of US-based CamCorp Group as part of a structured globalization campaign.

Scheuch Group is an Austrian specialist in industrial air purification plants and clean-air technology for the wood, wood-based products, industrial minerals, metals and energy industries. The group‘s operations comprise approx. 1,000 employees in 20 countries.

CamCorp Group is based in Lanexa, Kansas, in the United States. The group is a specialist provider of industrial filtration equipment. The company provides filter systems of up to 160m³/hour as well as innovative dust collection solutions and material & air conveying equipment.

With the acquisition of CamCorp, Scheuch took an important step to further expand its presence in the large US-American market for industrial air pollution control equipment and components. CamCorp, with its established sales organization, manufacturing network and innovative product solutions, will allow Scheuch to serve existing and new clients for its technologically leading air purification plants and solutions with closer proximity and broader technology portfolio.

Together with the founders of CamCorp, who will retain parts of their shares, Scheuch intends to leverage both CamCorp’s as well as Scheuch’s products and know-how to develop a pan-continental APC partner for demanding industrial clients worldwide.

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.

NPM Capital sold Plasticum to Lindsay Goldberg

NPM_Lindsay_Plasticum
Datum:
2012
Branche:
Packaging, Plastics
Länder:
Netherlands, USA
Competences:
Sell side, Cross border

MP Corporate Finance acted as exclusive financial advisor to Dutch NPM Capital and the minority shareholders in the sale of Dutch Plasticum Group, a manufacturer of functional plastic caps and closures, to US financial investor Lindsay Goldberg.

Plasticum, as a leading European manufacturer of functional injection moulded packaging solutions, produces innovative Caps and dispensing Closures for the Personal Care, Food and Home Care markets in four manufacturing facilities in Tilburg (NL), Ede (NL), Waldkirch (D) and North Walsham (UK). The company’s customers are renowned manufacturers of international brands and private labels. Plasticum generated a turnover of € 61 million in 2011 with approximately 300 employees and is currently mainly active in Europe. Leveraged upon the current business model and based on cost-effective and sustainable packaging solutions management plans a strong international expansion with the support of the new owner.

Lindsay Goldberg LLC is a US private equity firm with over USD 10 billion of equity capital under management supporting high-growth middle market companies with expert advice and considerable financial resources, especially to realize growth potential. The firm concentrates on a value-oriented and sustainable development of its portfolio: this is also reflected in the statutes of the Lindsay-Goldberg-Funds, which allow for a holding period of 20 years. Lindsay Goldberg is currently investing out of its USD 4.7 billion fund, which was launched in May 2009.