Add-on Acquisition • Building Materials

Dovista A/S Acquires WERU

On July 6, 2021, Dovista A/S acquired building materials company WERU from H.I.G. Private Equity

Acquisition Context
  • This is Dovista A/S’s 2nd transaction in the Building Materials sector.
  • This is Dovista A/S’s 1st transaction in Germany.

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M&A Deal Summary

Date July 6, 2021
Target WERU
Sector Building Materials
Buyer(s) Dovista A/S
Sellers(s) H.I.G. Private Equity
Deal Type Add-on Acquisition

Target Company

WERU

Rudersberg, Germany
WERU is a manufacturer of windows and doors. WERU develops, produces, and sells PVC and aluminum windows as well as doors and other related products, primarily for the private housing and renovation markets. WERU was founded in 1843 and is based in Rudersberg, Germany.
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Buyer Overview 1

Buyer

Dovista A/S

Horsens, Denmark

Category Company
Sector Building Materials
DESCRIPTION

Dovista A/S develops, produces, and sells windows and exterior doors, primarily for the Scandinavian and North European markets, and is a leading window supplier in Scandinavia, with strong positions in the UK and Ireland. Its production plants are located in Denmark, Lithuania, Norway, Poland, and Sweden. Dovista is based in Horsens, Denmark.


Deal Context for Buyer #
Overall 2 of 2
Sector: Building Materials 2 of 2
Type: Add-on Acquisition 2 of 2
Country: Germany 1 of 1
Year: 2021 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Arbonia - Windows Division

Arbon, Switzerland

Arbonia's Windows Division sells windows and exterior doors with the five companies Dobroplast, EgoKiefer, Slovaktual, Webcom, and Wertbau. Arbonia's Windows Division is based in Arbon, Switzerland.

Buy -

Seller Profile 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.


Deal Context for Seller #
Overall 131 of 181
Sector: Building Materials 5 of 5
Type: Add-on Acquisition 58 of 72
Country: Germany 5 of 9
Year: 2021 8 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Bigsal

Rondonia, Brazil

Bigsal is an animal nutrition company. Bigsal was founded in 2003 and is based in Rondonia, Brazil.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-16 Texbond

Rovereto, Italy

Texbond is a producer of specialty polypropylene nonwovens. Texbond’s products are designed and developed to meet specific technical client needs and are manufactured with highly sophisticated lines for specific “niche” applications in a number of industries, such as hygienic, medical, construction, automotive, household, and agriculture. Texbond is based in Rovereto, Italy.

Sell -