Capvis-backed Felss Group acquires HMP

Funds for the acquisition are to be drawn from Capvis IV. Felss has agreed to wholly acquire HMP and HMP Umformtechnik, the two businesses that make up HMP, as well as the company's property in Pforzheim. Felss will also take out a long-term lease for the other HMP property in the area.

Felss will assume managerial responsibility for HMP following the closing of the transaction. All shares will be acquired from Bernhard Müller and Frank Müller.

Following the transaction, the combined company plans to benefit from high production capacities, more space for mechanical engineering, and greater production and process expertise.

In 2017, Capvis purchased a majority stake in Felss from its previous sole shareholder, Christine Kienhöfer, using its 2013-vintage Capvis Equity IV. Kienhöfer retained a minority stake. The company generated €125m in sales in 2016.

Company
HMP manufactures machines for rotary swaging, axial forming and rolling, drawing and straightening. It employs 280 staff and is headquartered in Pforzheim. The group generates a turnover of €50m.

People
Heinrich Mueller Maschinenfabrik – Andreas Egelseder, Reinhard Pfendtner, Ute Salzbrenner (board members).

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• Topics
• Expansion
• DACH
• Industrials
• Capvis AG
• Germany
• Acquisition finance
• Buy-and-build
• Build-up