M&A Deal Summary

Looser Holding AG Acquires Prüm-Garant Holding

On May 11, 2007, Looser Holding AG acquired building materials company Prüm-Garant Holding from Halder

Acquisition Highlights
  • This is Looser Holding AG’s 1st transaction in the Building Materials sector.
  • This is Looser Holding AG’s 2nd transaction in Germany.

M&A Deal Summary

Date 2007-05-11
Target Prüm-Garant Holding
Sector Building Materials
Buyer(s) Looser Holding AG
Sellers(s) Halder
Deal Type Add-on Acquisition

Target

Prüm-Garant Holding

Weinsheim, Germany
Prüm is one of the door manufacturers which, thanks to good management, a broad product range and strong distribution, have enjoyed profitable growth in this difficult environment for many years. The company was sold in 2004 when parent Hochtief, the construction group, decided door manufacturing was no longer a core business.

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Buyer(S) 1

Buyer

Looser Holding AG

Arbon, Germany

Category Company
Founded 1928
Sector Machinery
Employees2,330
Revenue 473M USD (2012)
DESCRIPTION

Looser Holding AG is a manufacturer of furnaces in Europe. The company headquartered in Arbon, Switzerland. The corporate Group also active in the coatings, temperature control, industrial services and doors sectors. Around 2,330 employees work for the Group in 22 operational facilities in Europe, Asia and the U.S.A. Looser Holding AG's registered shares are listed on the SIX Swiss Exchange.


DEAL STATS #
Overall 2 of 2
Sector: Building Materials M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Germany M&A 2 of 2
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-16 SINGLE Temperiertechnik

Hochdorf, Germany

The strength of single, knowledge and experience of its team of engineers and technicians. Since the 1950s, the company produces advanced temperature control for the industry and is known for good quality and reliable service. The value is created primarily from the broad technical know-how: In the devices, standard components are used, from which developed single customized solutions. Major clients include plastic processing companies and companies in the semiconductor industry.

Buy -

Seller(S) 1

SELLER

Halder

Frankfurt, Germany

Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 570M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Halder is a German investment firm, focused on management buyouts of family businesses. Halder targets profitable, medium-sized businesses with sales of €20 to €400 million. The Firm generally looks to acquire manufacturing businesses, and has experience in automotive, machine tools, textiles, trade & services in the fields of agriculture, construction and energy, plastics manufacturing, and hydraulics. Halder was originally formed in 1988 and was sold to Belgium buyout group GIMV in 2008. Halder is based in Frankfurt.


DEAL STATS #
Overall 8 of 27
Sector: Building Materials M&A 1 of 3
Type: Add-on Acquisition M&A Deals 2 of 11
Country: Germany M&A 7 of 21
Year: 2007 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-02 Konrad Hornschuch AG

Weissbach, Germany

Konrad Hornschuch AG is a manufacturer of aesthetic laminates, high-tech synthetics and premium artificial leathers for a wide range of end-markets, including: home decoration, furniture, fashion upholstery, automotive and exterior windows/doors.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-24 GEKA

Bechhofen, Germany

GEKA is a manufacturing of premium packaging and application systems for the cosmetics industry with a focus on brushes and applicators for mascara and eye liners.

Buy -