Deals

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.

Magnesita sold its business related to the production and supply of magnesia carbon bricks produced at the company’s Oberhausen facility, in Germany

magnesita_intocast420x140
Datum:
2017
Branche:
Refractories
Länder:
Germany, Brazil
Competences:
Carve out, Spin off

MP Corporate Finance acted as the exclusive financial advisor to Magnesita Refratários S.A. in the carve out of one 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.

Körber AG sold Baltic Metall Grevesmühlen to Bader Group

TS_rocco2_420x140_neu
Datum:
2016
Branche:
Metal
Länder:
Germany
Competences:
Sell side, Distressed M&A, Carve out

MP Corporate Finance acted as the exclusive financial advisor to German technology Group Körber in divesting its sheet metal processing operations in Baltic Metalltechnik’s Grevesmühlen (DE) site to German Bader Group.

Körber AG is the holding company for an international technology group with approx. 11,500 employees around the world. The Group comprises leading-edge technology companies and over 100 production, service, and sales entities. At locations around the globe, Körber combines the benefits of a globally-present organization with the strengths of highly-specialized, flexible, medium-sized enterprises that offer their customers solutions, products, and services in the Business Areas of Automation, Logistics Systems, Machine Tools, Pharma Systems, Tissue, Tobacco and Corporate Ventures. The Körber Group generated sales of € 2.3 billion in fiscal year 2015.

Baltic Metall Grevesmühlen is a highly sophisticated manufacturer of sheet metal systems and solutions for the international machine tool industry. Formerly part of Körber Group’s Business Area Tobacco, the company specializes in complex machine housings, providing its customers with integrated housing systems, assembling sheet metal components as well as electronics, windows and fixtures.

Baltic Metall Grevesmühlen will be integrated into German Bader Group as a competence centre for stainless steel sheet metal processing. As such, the company will be able to further leverage and develop its existing skill set and vastly improve Bader Group’s own standing as an integrated, full-service provider of sheet metal systems.

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.

Lenzing AG sold LENO Electronics GmbH to Melecs

97_lenzing_melecs_420x140
Datum:
2015
Branche:
Electronics, Business Services
Länder:
Austria
Competences:
Sell side, Distressed M&A, Carve out

MP Corporate Finance acted as the exclusive financial advisor to Austria-based Lenzing AG in the sale of its non-core Mechatronics business LENO Electronics GmbH to Melecs

Lenzing AG, headquartered in Austria, is the world’s leading producer of man-made cellulose fibres. In the course of its continued focus on the core business -man-made cellulose fibers- Lenzing AG disposed of non-core business units of Lenzing Technik. In this context, Lenzing AG sold the Mechatronics business unit LENO Electronics GmbH, based in Schörfling, AT, to the Austrian company Melecs.

Founded in 2004, Lenzing Technik’s Mechatronics business has continuously broadened its customer base in the past years and established itself as a competence centre for the development and production of high-end electronics solutions. Today, LENO Electronics is a leading full-service provider of integrated mechatronics solutions including engineering, manufacturing and assembly for medical technology and industrial applications.

Headquartered in Vienna, Melecs is an internationally active solutions partner for electronics   manufacturing, switchgears and system integration with strong positioning in white goods. With theacquisition of LENO Electronics Melecs further strengthens its footprint in the industrial electronics and medical technology sector.

Lenzing Technik’s Blechtechnik sold to GER4TECH

lenzing_geratech_420x140
Datum:
2015
Branche:
AB/MMI, Metal, Business Services
Länder:
Austria
Competences:
Sell side, Carve out

MP Corporate Finance acted as the exclusive financial advisor to Austria-based Lenzing AG in the sale of its non-core Sheet Metal business to the Upper Austrian company GER4TECH

Lenzing AG, headquartered in Austria, is the world’s leading producer of man-made cellulose fibres. In the course of its continued focus on the core business -man-made cellulose fibers- Lenzing AG disposed of non-core business units of Lenzing Technik. In this context, Lenzing AG sold the Sheet Metal business unit to the Upper Austrian company GER4TECH.

The business unit is a renowned supplier of sophisticated metal processing solutions, including engineering, cutting and punching, assembly, surface treatment and logistics services for various industries. With its extensive material know-how, highest-quality products and unrivalled flexibility Lenzing Technik Blechtechnik has gained a leading position in the local market.

GER4TECH, through its subsidiaries Spießberger GmbH and HMS Mechatronik GmbH, provides metal processing as well as process automation and robotics solutions. With its existing competences in metal processing and entrepreneurial spirit, GER4TECH is the ideal partner for Lenzing Technik’s Sheet Metal business, which will operate under the name Lenzing Blechtechnik GmbH.

Lenzing Technik Automation & Robotik sold to cts GmbH

lenzing_cts_420x140
Datum:
2015
Branche:
AB/MMI, Business Services
Länder:
Austria, Germany
Competences:
Sell side, Carve out, Cross border

MP Corporate Finance acted as the exclusive financial advisor to Austria-based Lenzing AG in the sale of its non-core Automation & Robotics business to cts GmbH

Lenzing AG, headquartered in Austria, is the world’s leading producer of man-made cellulose fibres. In the course of its continued focus on the core business -man-made cellulose fibers- Lenzing AG disposed of non-core business units of Lenzing Technik. In this context, Lenzing AG sold the Automation & Robotics business unit to cts GmbH.

The Lenzing Technik Automation & Robotics business unit is a leading integrated provider in the area of process and manufacturing automation solutions as well as electrical, measurement and controls equipment (EMSR) service. The business unit has established local client relationships in the automotive, plant construction and process industry in Austria and Southern Germany.

cts GmbH with headquarter in Burgkirchen (DE), is a renowned supplier in the fields of energy technology, robotics and automation technology. Lenzing Technik’s Automation & Robotics unit ideally complements cts’ existing operations in Germany and Austria and will continue business under the name cts Lenzing GmbH.

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.

LENZING AG sold DOLAN GmbH and ECF GmbH to WHEB Partners

95 Lenzing - Dolan,ECF - WHEB
Datum:
2015
Branche:
Plastics
Länder:
Austria, Germany, UK
Competences:
Carve out, Cross border, Sell side

MP Corporate Finance acted as the exclusive financial advisor to Austrian man-made fibre producer LENZING AG in the spin-off of the company’s acrylic fibre business.

As part of its efforts to further concentrate on its core business of manufacturing man-made cellulose fibres, Lenzing AG agreed to divest its acrylic fibre operations, represented by German DOLAN GmbH and ECF GmbH to UK-based private equity fund WHEB Partners and private investor Mr Jan Verdenhalven.

The sale to WHEB and Mr Verdenhalven sees both companies in capable hands to successfully develop the business and support DOLAN and ECF on their respective growth paths.

DOLAN manufactures high-quality spun-dyed acrylic fibres for demanding applications in soft car tops, outdoor upholstery and awnings, as well as technical acrylic fibres used in industrial filtration, highway construction and high-friction applications such as automotive brake-pads.

A joint-venture with Kelheim Fibres, ECF is a producer of carbon fibre precursor, an acrylic fibre used as raw material in the manufacturing of high-reliability carbon fibres. ECF’s particular precursor is qualified for use in automotive applications as well as interior fitting of aeroplanes and technical applications such as civil engineering.

The combined operations of DOLAN and ECF generated approx. € 70m in sales.

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.

Lenzing sold Lenzing Plastics to Invest AG

lenzing
Datum:
2013
Branche:
Plastics
Länder:
Austria
Competences:
Sell side, Carve out

MP Corporate Finance acted as the exclusive financial advisor to Lenzing AG in the sale of its subsidiary Lenzing Plastics GmbH - one of the world’s leading producers of specialty films, laminates and yarns out of Thermoplastics and PTFE - to a consortium led by Invest AG

As part of its efforts to further concentrate on its core business of manufacturing manmade cellulose fibres, Lenzing AG agreed to sell 85% of its shareholding in Lenzing Plastics GmbH to a bidding consortium led by Invest AG, the investment company of Raiffeisen Banking Group Upper Austria. The consortium also includes OÖ Beteiligungsgesellschaft m.b.H. & Co OG, Tyrol Equity AG and members of the management team.

Lenzing Plastics (LP) is one of the world’s leading producers and converters of specialty films and laminates out of Thermoplastics (such as roof underlinings, cable films or carry handles and tear tapes for consumer packing) as well as fibres and yarns for medical, technical and textile applications out of Polytetrafluoroethylene (PTFE). In the 2012 financial year Lenzing Plastics generated total sales of EUR 109.4 mn and an EBITDA of EUR 11.2 mn. The transaction is subject to approval by anti-trust authorities.

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.

Lenzing sold Hahl Pedex to Global Equity Partners and private co-investors

Lenzing_Pedex
Datum:
2011
Branche:
Plastics
Länder:
Austria, Germany
Competences:
Carve out, Cross border, Sell side

MP Corporate Finance acted as the exclusive financial advisor to Lenzing AG in the sale of Hahl-Pedex group, the market leader in plastic filaments, to Global Equity Partners and private co-investors.

As part of Lenzing AG’s strategic focus on its cellulose fibre operations, a decision was made to sell 100% of its non-core filament business, which consists of Hahl and Hahl US Group as well as Pedex Group. The Lenzing Group’s filament business is a globally leading producer of monofilament, bristle, abrasive and dental care filaments for industrial and consumer applications. The company operates four production sites in Germany (2x), the Czech Republic and the USA and has a broad product portfolio consisting of: Bristles for the tech & tool industry and household applications. Abrasives for industrial applications. Monofilaments for industrial filtration, paper machine clothing, automotive industry and consumer use. Dental & Personal Care Filaments.

Global Equity Partners is Austria’s largest Private Equity Fund with €550 million of assets under management. The acquisition of the Lenzing Group’s filament business complements Global Equity Partners’ focus on medium-sized growth companies with a leading market position in niche markets.

Lind Møbler A/S sold Lind Møbler Slovakia to 3C Holding

lind_3cgruppe
Datum:
2011
Branche:
Consumer goods
Länder:
Denmark, Germany, Slovakia
Competences:
Carve out,Cross border, Sell side

MP Corporate Finance acted as the exclusive financial advisor to Lind Møbler Bramming A/S for the sale of of its Slovak subsidiary Lind Møbler Slovakia s.r.o. to 3C Holding GmbH.

Due to big changes in the business activities of the Danish Lind Group, the owner decided to sell the Slovakian subsidiary. After selling the Canadian business area in 2008 and the Mexican branch in 2009, Lind Mobler Slovakia s.r.o. was the last remaining operational business area of the Group.

The Lind Group was founded in Denmark by Mogens Lind in 1965. The company develops, produces and sells upholstery. Its customers are large store and furniture chains. In the early 1970s, the Lind Group became one of the world’s biggest furniture dealers for upholstery, with the result that production sites were set up in Denmark, Canada, Slovakia and Mexico over the next 35 years.

The 3C Group is a German upholstery manufacturer. The Group has various production sites in Central and Eastern Europe. 3C acquired Lind Mobler Slovakia to set up another Eastern European production and distribution centre and to strengthen the operative position of the 3C Group on the Scandinavian market with the “Lind” brand.

Teta sold Teta Corso to Libra Szoftver

teta_libra_420x140
Datum:
2009
Branche:
Electronics
Länder:
Hungary, Poland
Competences:
Carve out, Cross border, Sell side

MP Corporate Finance acted as the exclusive financial advisor to Teta (VT-Soft Kft) in the sale of the Public Sector & Municipality Solution business unit Corso to Libra Szoftver Zrt.

VT-Soft Kft. (GmbH) is a Hungarian supplier of personal data processing software. The company develops software in the area of human resource management systems, financial management for public bodies, HR outsourcing and IT security applications.

The listed TETA was founded in 1987 and is one of the biggest corporate software developers in Poland with approximately 300 employees. The core activities of Teta comprise the development of efficient and modern process management software for companies and authorities in Central and Eastern Europe.

ISS sold ISS temporary work division to Trenkwalder

iss_trenk
Datum:
2008
Branche:
Business Services
Länder:
Austria
Competences:
Sell side, Carve out

MP Corporate Finance acted as the exclusive financial advisor to ISS facility services in the sale of the business unit temporary staffing to Trenkwalder.

As part of its long-term strategy of focusing on providing integrated facility services (IFS), MPCF used a discreet sales process in order to be able to realise an optimal succession plan for all parties to the transaction.

In the past years, ISS Facility Services has been setting up its temporary work division, and with 900 employees today earns a turnover of approximately EUR 30 million. In Austria, ISS Facility Services GmbH is among the leading providers of IFS with well-known customers such as Canon, CNH, ABB, Hewlett Packard, etc.

ISS sold ISS Grünraum to Heidegger Beteiligungen

iss_heidegger
Datum:
2008
Branche:
Business Services
Länder:
Austria
Competences:
Sell side, Carve out

MP Corporate Finance acted as the exclusive financial advisor to ISS facility services in the sale of the business segment gardening and landscaping to Heidegger Betiligungen.

ISS Grünraum is market leader in Austria and has sites in Vienna, Lower Austria and Carinthia.

ISS Österreich is a subsidiary of the globally operating ISS Group, offering comprehensive services throughout Austria as a unique company of its kind. By acquiring the company Steinbauer in 2003, the green space competence of ISS in Austria was extended. By acquiring the hydroponics specialist Leni and the Carinthian garden design company WBZ, market leadership could be achieved in the field of Austrian green spaces. Services offered comprise garden design and maintenance, pond construction, roof greens, tree maintenance, interior landscaping, vegetation control and pest control, as well as various special services. In 2008, ISS Grünraum employed 150 staff at five sites.

Trust & Value is an investment company managed by its owners with approximately 20 employees at sites in Vienna, Munich and Sofia. The founding team of Trust & Value has many years of experience in consultancy and in the industry.

Wieland Group sold Schleicher Electronic to Aurelius

wieland_aurelius
Datum:
2007
Branche:
Electronics
Länder:
Germany
Competences:
Sell side, Carve out

MP Corporate Finance acted as the exclusive financial advisor to Wieland Holding in the sale of Schleicher Electronics GmbH, a provider of industrial automation solutions, to Aurelius AG.

Wieland veräußerte die Anteile an Schleicher Electronic im Zuge der Konzentration auf die drei Geschäftsfelder elektrische Verbindungstechnik für die Industrie, Steckverbindersysteme für die Gebäudetechnik, und Elektronik für Industrie und Gebäudetechnik.

Schleicher Electronics ist ein führender Hersteller von Automatisierungs- und Sicherheitstechnik mit Schwerpunkt in der Umsetzung von Applikationen der Prozess-Automation im Anlagen- und Maschinenbau. Dazu entwickelt und produziert das Unternehmen elektronische Komponenten und Systeme von der Verdrahtungs- bis zur Steuerungs- / Bewegungsebene für renommierte Kunden der Fabrik- und Logistikautomation. Mit 120 Mitarbeitern erwirtschaftete Schleicher einen Umsatz von rund 20 Millionen Euro.

Die Wieland Gruppe mit Hauptsitz in Bamberg gehört mit einem Umsatz von mehr als 200 Millionen Euro und 2.000 Mitarbeitern mit zahlreichen internationalen Tochtergesellschaften zu den führenden Herstellern elektrischer Verbindungstechnik. Die Produktpalette von Wieland umfasst dabei über 20.000 unterschiedliche Komponenten für Automatisierungstechnik, Gebäudeinstallation und Elektronik.

Aurelius AG ist eine Industrieholding mit langfristigem Investitionshorizont, welche sich an Unternehmen mit operativem und finanziellem Entwicklungspotenzial beteiligt und deren Marktposition durch aktive Begleitung gesichert und ausgebaut werden kann.