Bencis buys Halex from H2

Bencis drew equity for the deal from its fifth buyout fund, which held a final close on €425m in July 2016.

The deal ends a four-and-a-half-year holding period for H2, which acquired the company in October 2013.

Under H2's ownership, the company has increased its revenues from around €30m in 2012 to €56.6m in 2016, the last figure publicly available. H2 said the company's profits increased fourfold in the same period.

Company
Halex produces extrusion dies and operates heat treatment and hardening facilities for a variety of end markets, and manufactures complex steel dies for the aluminum extrusion industry. Based in Aachen, Germany, and with facilities in Italy and Romania, the company employs 460 people.

People
H2 Equity Partners – Gert Jan van der Hoeven (managing partner); Cedric De Dycker (investment manager).
Halex Group – Sven Killmer (managing director).

Advisers
Vendor – Lincoln International (corporate finance); Morrison & Foerster (legal); Houthoff (legal); Loyens & Loeff (tax); PwC (financial due diligence); ERM (ESG due diligence).

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• Topics
• Buyouts
• Exits
• DACH
• Industrials
• Germany
• H2 Equity Partners
• Bencis Capital Partners
• PwC