MP Corporate Finance acted as the exclusive financial advisor to the management in the sale of Lacon Electronic to Hannover Finanz
Founded in 1985 and headquartered in Karlsfeld (DE), Lacon Electronic GmbH is an EMS provider for low-to-mid volume sophisticated electronics primarily for the industrial, medical and transportation sectors. Lacon is strategically positioned with a low cost production site in Romania as well as with a local presence in Germany covering the full EMS value chain comprising design and embedded electronics development, PCBA, wire harnesses and box build. Lacon’s smart and efficient setup has resulted in offering advanced capabilities to deliver complete high-quality assemblies to a rich portfolio of customers.
Since the take-over by the current management in 2005, the company’s operational and financial performance has consistently improved placing Lacon among the top 20 German EMS companies.
MP was mandated by the management to sell a majority stake of the company and to find the right partner for Lacon. The ideal partner would support the management in driving their future buy & build strategy in order to transform the Lacon into a leading industry 4.0 technology provider. Hannover Finanz was looking for an investment opportunity with a distinct growth story, whereby Lacon tick all the right boxes aligned to their investment criteria.
MP Value Add
Through in-depth EMS sector knowledge and a deep understanding of the industry’s value drivers, MP’s transaction team was able to create a highly attractive buy & build story for the process, thereby driving the deal value.
By handling several selected parties in a competitive and structured process in parallel, MP managed to increase the deal value, which allowed Lacon’s sellers to select the right partner to support them in achieving their future growth strategy, while also maximizing their investment outcome.