Enterprise sells Macon to Xella in trade sale

The deal ends a holding period of almost 12 years for Enterprise, which acquired shares in the business in January 2006 via the Polish Enterprise Fund V.

Two years later, the private equity investor provided additional equity financing to acquire Macon's competitor, Simcor Group, a building materials producer from Transylvania, Romania.

The buyer, Xella, is headquartered in Duisburg, Germany, and provides services to the building materials sector and related industries.

Previous funding
In 2006, Enterprise acquired Macon from the company's management and employees. According to unquote" data, the investor acquired shares in the business via Polish Enterprise Fund V.

In August 2006, the GP acquired an additional stake in the business with capital from its Polish Enterprise Fund VI.

The buyout house provided additional equity financing to snap up Macon's competitor, Romanian building materials producer Simcor, in 2008.

With capital from Polish Enterprise Fund V and Polish Enterprise Fund VI, Macon's management team merged the two entities into Macon Group.

Company
Founded in 1963 and headquartered in Deva, Transylvania, Macon is a producer of construction materials.

The company currently operates four production sites and specialises in manufacturing autoclaved aerated concrete and electrical poles, as well as operating in the lime product, precast element and terracotta production markets. The group employs a staff of 800.

The firm expects a turnover of RON 150m in 2017.

People
Enterprise Investors – Dariusz Prończuk (partner).

Advisers
Equity – RTPR Allen & Overy (legal).
Company – PwC (M&A).

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