Deal Announcement 11/14: Chemicals
PwC M&A acted as exclusive financial advisor to DC plus Beteiligungs GmbH on the sale of DC plus Beteiligungs GmbH to Langley Holding plc.
The Deal
PricewaterhouseCoopers AG WPG (“PwC”) was mandated by DC plus Beteiligungs GmbH and by the insolvency administrator Dr Jan Markus Plathner, after filing for insolvency, as exclusive M&A advisor on the sale of the assets of DC plus Beteiligungs GmbH including its shareholdings. We conducted a competitive auction process with international strategic investors as well as financial sponsors. The deal with Langley Holding plc was signed on 4th of November 2014 and closed on 28th November 2014.
DC DruckChemie Group
Headquartered in Ammerbuch (near Tübingen), DC DruckChemie is an international leader in the development, manufacturing and waste processing of chemical and technical products for the off-set printing industry. The offering includes over 800 products and services (e.g. hazardous waste disposal) and is compatible with all major suppliers of printing machines.
The company has a strong international footprint with some 25 locations in Benelux, Czech Republic, France, Germany, Italy, Poland, Switzerland, the UK as well as Brazil. DC DruckChemie has almost 300 FTE and generates approx. € 75m net sales in 2013.
Langley Holdings
Langley Holdings PLC is a diverse global engineering group, based in the UK with 5 principal operating divisions located in Germany, France and the UK and a network of over 70 worldwide subsidiaries. The group produces capital equipment ranging from uninterruptible power supply units and systems for data centers and other mission critical applications, machinery for cement plants and material handling, food packaging lines, automotive welding equipment and, most recently, printing presses. The group employs more than 4,000 people worldwide and has an annual turnover in excess of € 800m.
The DC DruckChemie transaction is the second one in the printing sector after the acquisitions of manroland sheetfed GmbH in 2012.
PwC
The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 195,000 employees in 157 countries. Our global network comprises nearly 1,100 M&A professionals all over the world, realizing approx. 300 successful transactions per year. We specialize in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatizations as well as structured financing.
The PwC M&A team in Germany acted as exclusive financial adviser to DC plus Beteiligungs GmbH and the insolvency administrator. The following PwC M&A team members were involved: Martin Schwarzer (Partner), Wilfried Böckmann (Senior Manager), Alexander Knögel (Senior Manager), Rolf Püschel (Manager), Raphael Strzelczyk (Senior Consultant), Sophie Dorner (Consultant).
