M&A Deal Summary

Invest, Tyrol Equity and NORD Holding Acquire Lenzing Plastics

On April 17, 2013, private equity firms Invest, Tyrol Equity and NORD Holding acquired plastics company Lenzing Plastics from Lenzing

Acquisition Highlights
  • This is Invest’s 1st, Tyrol Equity’s 1st and NORD Holding’s 1st transaction in the Plastics sector.
  • This is Invest’s 9th, Tyrol Equity’s 2nd and NORD Holding’s 2nd transaction in Austria.

M&A Deal Summary
Date 2013-04-17
Target Lenzing Plastics
Sector Plastics
Buyer(s) Invest
Tyrol Equity
NORD Holding
Sellers(s) Lenzing
Deal Type Divestiture

Target

Lenzing Plastics

Lenzing, Austria
Lenzing Plastics is a manufacturer of products based on polyolefins and fluoropolymers. The company has a broad technology platform for applications in various customer industries, ranging from classical extrusion lines and calendering machines for the production of high-strength stretched films, filaments and yarns to technical fabrics and laminates with different substrates. Lenzing Plastics was founded in 2000 and is based in Lenzing, Austria.

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Buyer(S) 3

Buyer

Invest

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 200M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Invest is the investment arm of Raiffeisen bank group and looks to make long-term equity and mezzanine investments in small to mid-sized Austrian and German companies. Invest was established in 1984 and is headquartered in Linz, Austria.

DEAL STATS #
Overall 12 of 54
Sector (Plastics) 1 of 3
Type (Divestiture) 2 of 4
Country (Austria) 9 of 39
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 Richard Schahl

Munich, Germany

Richard Schahl is a distributor of specialty lamps, LED lamps and luminaires. Richard Schahl was founded in 1964 and is based in Munich, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-24 SPL Tele Group

Vienna, Austria

SPL Tele Group is a true single-source provider for telecom infrastructure. SPL Tele Group was founded in 2010 and is based in Vienna, Austria.

Buy -
Buyer

Tyrol Equity

Innsbruck, Austria

Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Tyrol Equity AG is a public limited holding company that targets small and mid-sized businesses throughout Austria, Southern Germany, Northern Italy and Switzerland. The Firm focuses on growth-oriented companies with diverse customers and sustainable cash-flows. Tyrol looks to invest €15 million in businesses generating revenues between €10 and €150 million. The Firm will consider both majority and minority investment positions. Areas of interest include manufacturing, ceramics, chemicals, pharmaceuticals, electrical/precision engineering, energy/environmental technologies, food, machine construction, metal production, plastic/rubber goods, recycling/waste management, and automotive. Tyrol will consider a variety of investment situations including, MBOs, MBIs, buy and builds, successions, divestitures, and growth capital financings. Tyrol Equity AG was formed in 2007 and is based in Innsbruck.

DEAL STATS #
Overall 6 of 7
Sector (Plastics) 1 of 1
Type (Divestiture) 1 of 1
Country (Austria) 2 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-13 Venturetec Rotating Systems

Kaufbeuren, Germany

Venturetec Rotating Systems is a specialist in the development and production of components and complex systems for the high-tech industry. It is a well-known partner for companies in the areas of medical technology, industrial automation, environmental technology, aviation, surveillance, and defense. Venturetec Rotating Systems was founded in 1964 and is based in Kaufbeuren, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Venturetec Rotating Systems

Kaufbeuren, Germany

Venturetec Rotating Systems is a specialist in the development and production of components and complex systems for the high-tech industry. It is a well-known partner for companies in the areas of medical technology, industrial automation, environmental technology, aviation, surveillance, and defense. Venturetec Rotating Systems was founded in 1964 and is based in Kaufbeuren, Germany.

Sell -
Buyer

NORD Holding

Hannover, Germany

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1969
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

NORD Holding is a private equity firm focused on investments in Germany, Austria, and Switzerland. NORD targets medium sized businesses dealing with succession issues, needing growth financing, or mezzanine capital. The Firm will consider both majority and minority situations. Sectors of interest include automotive, building materials, construction, consumer goods, finance, logistics, manufacturing, capital equipment, media, IT, optical supplies, life science, printing, service providers, shipbuilding, and trade. NORD Holding was formed in 1969 and is based in Hannover, Germany.

DEAL STATS #
Overall 41 of 66
Sector (Plastics) 1 of 1
Type (Divestiture) 8 of 9
Country (Austria) 2 of 2
Year (2013) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Berger textiles

Krefeld, Germany

Berger textiles is a development and distributor of textiles for digital printing and fabrics. Berger textiles was founded in 1849 and is based in Krefeld, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 Goebel Schneid- und Wickelsysteme

Darmstadt, Germany

Goebel Schneid- und Wickelsysteme GmbH provides cutting and wrapping of even sensitive materials belong to the job. GOEBEL's philosophy is to offer customised solutions to meet diverse demands.

Sell -

Seller(S) 1

SELLER

Lenzing

Lenzing, Austria
Category Company
Founded 1892
Sector Manufacturing
Employees7,798
Revenue 2.5B EUR (2023)
DESCRIPTION

Lenzing manufactures textile fibers and pulp raw materials. The fibers are primarily used by the clothing industry and to manufacture non-woven fabrics, technical textiles, furniture textiles, curtains, and towels. Lenzing was founded in 1892 and is based in Lenzing, Austria.

DEAL STATS #
Overall 2 of 3
Sector (Plastics) 1 of 1
Type (Divestiture) 2 of 3
Country (Austria) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 Perlon

Wald-Michelbach, Germany

Perlon is a European manufacturer of cut plastics filaments for the manufacture of synthetic brushes, bristles, and fabrics. These semi-finished products are used for industrial brushes (tool manufacture), abrasive filament for the surface treatment of steel, stones, and floors as well as toothbrushes and industrial filtration purposes. Perlon is based in Wald-Michelbach, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-18 DOLAN

Kelheim, United States

DOLAN GmbH is a manufacturer of acrylic specialty fibers. DOLAN GmbH offers customized fiber solutions. DOLAN spun-dyed fiber meets the highest requirements regarding light and weather-fastness and is mainly used for the production of car covers, awnings, and outdoor fabrics.

Sell -
Mergr

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