Steadfast Capital backs BUK and UHB
Germany-based firm Steadfast Capital will acquire plastic moulding companies BUK Kunststofftechnik and UHB Kunststofftechnik, according to a regulatory filing with the German competition authority registered on 31 May 2019.
The firm will use Steadfast Capital Fund IV for the investment, which held its final close on €297m in March 2019.
The fund invests in lower-mid-market companies with enterprise values of between €20-150m. Its focus is on companies it can expand through buy-and-build strategies using modest leverage of 3-4x EBITDA.
Company
BUK, which is based in Eppingen, manufactures plastic parts using injectable moulding machines. Founded in 1985, the company supplies the automotive, medical, cleaning and electronics industries.
UHB also produces mouldings for the manufacture of plastic parts for the industrial sector. Founded in 1973, the company is based in Bohmte.
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