Deal Announcement 08/19: Automotive/Industrial Products
PwC acted as exclusive financial advisor to the private shareholders of HEW-KABEL Group, a developer and manufacturer of specialty cables, on the sale to Andlinger & Company.
The Deal
The PwC M&A team is pleased to announce the successful Closing of Project ELEKTRA, the sale of Germany-based HEW-KABEL Group (“HEW-KABEL” or “the Company”), to Andlinger & Company (“ACI”) and partners. PwC M&A acted as exclusive financial advisor to the private shareholders on this transaction.
The share purchase agreement for HEW-KABEL was signed on 25th July 2019 and the transaction was closed on 06th August 2019.
HEW-KABEL
HEW-KABEL is a market-leading developer and manufacturer of high-end specialty cables and wires catering to more than 700 customers in the automotive, industry, energy and medtech sector. With its headquarters in Wipperfürth, Germany, the Company is generating approx. € 85m in revenues with more than 400 employees. HEW-KABEL distinguishes itself through superior material competence and key specialisation areas including ultra-high temperature resistance and miniaturisation.
Andlinger & Company
ACI is a group of entrepreneurial investors in its three offices in Vienna, New York and Brussels, which acquires companies with the interest of developing these companies in line with their strategic targets. Andlinger partners have comprehensive management experience, allowing to provide profound operational and (interim) management support if needed and work with management teams constructively as active board members. ACI has no maximum holding period and their financial commitments are open ended.
PwC
The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 250,000 people in 158 countries. Our global network comprises nearly 1,550 M&A professionals all over the world, realising approx. 400 successful transactions per year. We specialise in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatisations as well as structured financing.
The PwC M&A Germany acted as exclusive financial advisor to the private shareholders on this transaction. The transaction was led by Martin Schwarzer (Partner) and executed by Oliver Boot (Senior Manager), Christian Gieger (Manager), Lei Ding (Associate) and Nadine Radetzky (Associate).
