Deal Announcement 10/13:Industrial Products
PwC M&A acted as exclusive financial adviser to the insolvency administrator Thomas Georg on the sale of the Haarmann Group to H2 Equity Partners
The Deal
The insolvency administrator Thomas Georg sold the assets of the German entities of the Haarmann Group (“Haarmann”, “the company”) including all subsidiaries in Italy and Romania to H2 Equity Partners (“H2”) on 1 October 2013. Haarmann is a market leader in the production of extruder dies and is also operating in hardening business. The company is headquartered in Aachen, Germany.
PwC’s M&A team in Germany acted as exclusive financial adviser to the insolvency administrator. We managed a competitive sales process with international strategic- as well as financial investors in a complex situation with insolvent and non-insolvent entities including minority shareholdings.
Haarmann Group
Haarmann is a market leader in the development and production of extruder dies as well as a leader in the hardening industry. Haarmann produces approx. 38,000 extruder dies p.a. and hardens approx. 22,000 tons of raw material p.a. Leading aluminium companies rely on the precision of Haarmann.
Haarmann generates revenues of over EUR 40m and currently employs more than 300 employees across its manufacturing plants and sales forces in Germany, Italy and Romania. After the acquisition, Haarmann operates under the name HALEX Group.
H2 Equity Partners
H2 Equity Partners is an independent private equity firm founded in 1991, active in the Benelux, Germany and the United Kingdom. H2 focuses on acquiring and growing businesses that have a combination of operational, financial or strategic improvement opportunities at the time of investment. H2 currently manages a portfolio of 18 companies generating over € 2.5 billion in sales. Funds under management amount to ca. € 500 million.
PwC
The PwC M&A team in Germany acted as exclusive financial adviser to the insolvency administrator.
PwC employs nearly 1.000 M&A professionals all over the world, realizing approximately 300 successful transactions per year. We specialize in a wide range of independent M&A services including advice on acquisitions and disposals, mergers and public takeovers as well as structured financing.
The PwC deal team consisted of Dr. Alexander von Friesen (Partner), Wilfried Böckmann (Senior Manager) and Florian Sonntag (Consultant). Additionally, legal support was provided by Dr. Robert Manger (Partner), Dr. Roland Hens and Patrick Nordhues (both Senior Manager).
