M&A Deal Summary

Capvis Acquires Hennecke

On April 15, 2016, private equity firm Capvis acquired manufacturer Hennecke from ADCURAM Group

Acquisition Highlights
  • This is Capvis’ 8th transaction in the Manufacturing sector.
  • This is Capvis’ 11th transaction in Germany.

M&A Deal Summary

Date 2016-04-15
Target Hennecke
Sector Manufacturing
Buyer(s) Capvis
Sellers(s) ADCURAM Group
Deal Type Secondary Buyout

Target

Hennecke

Sankt Augustin, Germany
Hennecke is a manufacturer of high-quality machinery equipment and systems for polyurethane (“PUR”) processing. Hennecke operates production sites in Italy, China, and the USA, eleven service and sales offices as well as local sales partners selling its products into more than 100 countries. Hennecke was founded in 1945 and is based in Sankt Augustin, Germany.

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Buyer(S) 1

Buyer

Capvis

Baar, Switzerland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 3.9B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Capvis Equity Partners is a Swiss-based private equity firm focused on buyout, succession, and expansion investments in Switzerland, China, and Germany. Sectors of interest include Healthcare, Industrial Technology, and Advanced Services & Software. Capvis will consider both majority and minority positions. The Firm's investment horizon is four to six years. Capvis Equity Partners was formed in 1990 and is headquartered in Baar with additional offices in Germany and China.


DEAL STATS #
Overall 44 of 58
Sector: Manufacturing M&A 8 of 10
Type: Secondary Buyout M&A Deals 6 of 11
Country: Germany M&A 11 of 16
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-04 RENA Technologies

Gutenbach, Germany

RENA Technologies is a provider of production equipment for wet chemical surface treatment. RENA operates in the four segments of Solar/Green Energy, Health, Electronics/ Semiconductors, and Services. RENA Technologies was founded in 1993 and is based in Gutenbach, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-28 SFC KOENIG AG

Dietikon, Switzerland

SFC KOENIG AG is a manufacturer of metal–to–metal seal and flow control solutions serving a variety of industries.

Sell €217M

Seller(S) 1

SELLER

ADCURAM Group

Munich, Germany

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 300M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ADCURAM Group AG is an independent investment firm focused on acquiring businesses throughout Europe. ADCURAM seeks to invest up to €30 million in companies with revenues of between €40 and €500 million. The Firm looks to acquire majority positions and will consider a variety of situations, including corporate carve-outs, profitable companies, and businesses in financial crisis. Areas of interest include production, services, and commerce. ADCURAM Group AG was formed in 2003 and is based in Munich.


DEAL STATS #
Overall 4 of 9
Sector: Manufacturing M&A 2 of 2
Type: Secondary Buyout M&A Deals 4 of 5
Country: Germany M&A 4 of 7
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-30 Bayerwald - Fenster Haustüren

Neukirchen v. Wald, Germany

Bayerwald - Fenster Haustüren is a full-service provider of windows, entry doors and sunshade products. The product spectrum ranges from traditional wooden and aluminum windows to state-of-the-art high-tech aluminum entry doors. Bayerwald - Fenster Haustüren was founded in 1920 and is based in Neukirchen v. Wald, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-30 Vitrulan Group

Marktschorgast, Germany

Vitrulan Group consists of Vitrulan Textile Glass GmbH, Marktschorgast (Bavaria), and Vitrulan Technical Textiles GmbH, Haselbach (Thuringia). Vitrulan Textile Glass GmbH produces highly resilient glass-fiber based woven and fleece-based interior wall and ceiling coverings woven from glass yarns for public and private buildings, as well as reinforcing and backing fabrics, laminates and specialist products. Vitrulan Group is based in Marktschorgast, Germany.

Buy -