M&A Deal Summary

Callista Private Equity Acquires MainTech Systems

On November 29, 2018, distressed investor Callista Private Equity acquired engineering company MainTech Systems from Mainsite KG

Acquisition Highlights
  • This is Callista Private Equity’s 1st transaction in the Engineering sector.
  • This is Callista Private Equity’s 4th transaction in Germany.

M&A Deal Summary

Date 2018-11-29
Target MainTech Systems
Sector Engineering
Buyer(s) Callista Private Equity
Sellers(s) Mainsite KG
Deal Type Divestiture

Target

MainTech Systems

Obernburg, Germany
MainTech Systems is a provider of customer-oriented solutions in the area of fiber technology, solvents adsorption, and industrial technology for demanding industrial engineering projects. MainTech systems are used, among other things, in the production of special fibers (e.g. for the filtration of blood or gases) and solvent recovery (adsorption). MainTech Systems is based in Obernburg, Germany.

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Buyer(S) 1

DESCRIPTION

Callista Private Equity GmbH is a private equity firm focused on turnaround situations and carveouts. Callista targets opportunities with €10 to €200 million of revenue and does not have any sector preferences. The Firm's process is to is to acquire a controlling or a significant minority stake of loss-making entities and begin the process of repositioning. Callista Private Equity GmbH is headquartered in Munich, Germany.


DEAL STATS #
Overall 6 of 22
Sector (Engineering) 1 of 1
Type (Divestiture) 6 of 19
Country (Germany) 4 of 15
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-07 Monofrax

Falconer, New York, United States

Monofrax is a producer of fused cast refractory materials, mainly used within the construction of furnaces for glass manufacturing and other industries. Monofrax was founded in 1948 and is based in Falconer, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-24 Vulcast

Jünkerath, Germany

Vulcast manufactures grey and ductile iron castings of up to 70 tons per piece. Since 1687, the Company is located in Jünkerath in the Eifel region and will remain to produce small series to single pieces at its current premises. The products are used within gas or steam turbines, gearboxes, presses, and compressors. Vulcast was founded in 1687 and is based in Junkerath, Germany.

Buy -

Seller(S) 1

SELLER

Mainsite KG

Erlenbach, Germany

Category Company
Sector Engineering
Employees3,000
DESCRIPTION

Mainsite GmbH & Co. KG is the operating company of the Industrie Center Obernburg – with an expanse of 176 hectares (432 acres) and approximately 3,000 employed persons, this is Europe's largest and most diversified chemical fiber industry estate and home to internationally successful businesses of all sizes and branches.


DEAL STATS #
Overall 1 of 1
Sector (Engineering) 1 of 1
Type (Divestiture) 1 of 1
Country (Germany) 1 of 1
Year (2018) 1 of 1