M&A Deal Summary

BAVARIA Industries Group Acquires Hering

On July 1, 2003, private equity firm BAVARIA Industries Group acquired engineering company Hering

Acquisition Highlights
  • This is BAVARIA Industries Group’s 1st transaction in the Engineering sector.
  • This is BAVARIA Industries Group’s 1st transaction in Germany.

M&A Deal Summary

Date 2003-07-01
Target Hering
Sector Engineering
Buyer(s) BAVARIA Industries Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Hering

Gunzenhausen, Germany
Hering operates in heat-exchanger segment, has been the international supplier of oil-purification plants for many years now. This equipment-engineering company develops and manufactures products such as heat exchangers, ventilators, dryers and vacuum units. Hering supplies well-known manufacturers from the chemicals, food technology, environmental and cooling industries. Hering was founded in 1884 and is based in Gunzenhausen, Germany.

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Buyer(S) 1

Buyer
DESCRIPTION

BAVARIA Industries Group is a German holding company focused on distressed opportunities in the manufacturing and industrial services sectors. BAVARIA specializes in taking over and reorganizing earnings-poor and/or unprofitable enterprises. BAVARIA Industries Group was formed in 2003 and is based in Munich.


DEAL STATS #
Overall 1 of 20
Sector: Engineering M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 13
Country: Germany M&A 1 of 7
Year: 2003 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-01 Langbein & Engelbracht

Bochum, Germany

Langbein & Engelbracht is a globally operating company that develops, manufactures and installs process-engineering systems for the following industries: chemicals, automotive, plastics, paper, wood, packaging and waste-disposal. Langbein & Engelbracht was founded in 1917 and is based in Bochum, Germany.

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