M&A Deal Summary

Bencis Acquires Heytex

On January 3, 2023, private equity firm Bencis acquired apparel/textiles company Heytex from Deutsche Beteiligungs

Acquisition Highlights
  • This is Bencis’ 6th transaction in the Apparel/Textiles sector.
  • This is Bencis’ 8th transaction in Germany.

M&A Deal Summary

Date 2023-01-03
Target Heytex
Sector Apparel/Textiles
Buyer(s) Bencis
Sellers(s) Deutsche Beteiligungs
Deal Type Secondary Buyout

Target

Heytex

Bramsche, Germany
Heytex develops and manufactures high-quality coated, calendered, and laminated textiles for various end markets. Heytex was formed in 1913 and is based in Bramsche, Germany.

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Buyer(S) 1

Buyer

Bencis

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 1.9B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Bencis is an independent private equity firm focused on investments in profitable, established companies headquartered throughout Western Europe. Target businesses typically generate sales of €25 to €500 million and operate in the industrial/manufacturing, food/beverages, logistics/distribution, chemicals, automotive, leisure, media, services, utilities and retail industries. Bencis was formed in 1999 and is based in Amsterdam, the Netherlands.


DEAL STATS #
Overall 75 of 77
Sector (Apparel/Textiles) 6 of 6
Type (Secondary Buyout) 14 of 14
Country (Germany) 8 of 9
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Oppermann & Fuss

Quickborn, Germany

Oppermann & Fuss is a specialised retailer and provider of rental equipment and aftermarket services for crushing and screening machines in Germany. The machines sold, rented out and serviced by O&F are mainly used in the recycling process of construction material and thus, have an impact on fulfilling recycling quotas and reducing overall landfill. Oppermann & Fuss was founded in 1977 and is based in Quickborn, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-16 Vleeswaren De Keyser

Aalter, Belgium

Vleeswaren De Keyser is a processors of meat and meat products in Belgium for customers in the retail, industry and foodservice. The company is renowned for its production capabilities in the slicing and dicing of pork, chicken and turkey. Vleeswaren De Keyser is based in Aalter, Belgium.

Sell -

Seller(S) 1

SELLER

Deutsche Beteiligungs

Frankfurt, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1965
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Deutsche Beteiligungs is a publicly-traded German mid-market private equity firm focused primarily on management buyout transactions. The firm pursues companies with skilled management, strong market positions, positive earnings, and the potential to build additional value. Prospective companies typically generate annual sales of €50 to €500 million. The Firm's target transaction size ranges from €50 to €250 million. Sectors of interest include automotive supplies, fine chemicals, industrial services, logistics, machine/plant construction, and measuring/automation technology. Deutsche Beteiligungs was established in 1965 and became publicly-listed in 1985. The Firm is based in Frankfurt.


DEAL STATS #
Overall 34 of 39
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 14 of 14
Country (Germany) 28 of 32
Year (2023) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-11 Cloudflight

Munich, Germany

Cloudflight provides scalable solutions and tailor-made software to help companies digitize their business models, processes, and products. The Company's core expertise is in software development for long-term projects, which typically requires deep expertise within fields such as the Internet of Things, cloud architecture, machine learning, and artificial intelligence. Cloudflight was founded in 2019 and is based in Munich, Germany.

Sell €400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-10 Pmflex

Almenno San Bartolomeo, Italy

Pmflex is a manufacturer of electrical installation conduits sold in more than 50 countries worldwide. Pmflex was formed in 1962 and is based in Almenno San Bartolomeo, Italy.

Sell -