Halder acquires Amoena Group in SBO

Halder and Amoena's growth strategy includes expanding the product portfolio, particularly in the leisurewear segment. The company will also look to expand into western Europe and the US, and to create additional distribution channels, such as into specialist shops and online.

Amoena's management will remain as shareholders in the business. Halder is currently investing from its Halder-Gimv Germany II Fund. It closed €50m above its target on its hard-cap of €325m after three months of fundraising in February 2008.

Debt financing
As is usual with Halder-backed transactions, 50-55% of the purchase price was composed of a debt package. This was provided by DZ Bank and NIBC Bank.

Previous funding
According to unquote" data, Baird acquired Amoena in February 2007 for around €102m, using funds from its BCPE I vehicle. HSH Nordbank supplied debt financing for the transaction.

Company
Established in 1975, Amoena manufactures and distributes silicone breast prosthetics, lingerie, swimwear and sportswear for women having undergone breast surgery. Its clients include medical supply stores, hospitals, department stores and boutiques. The Raubling-based company has a staff of 700 worldwide.

Amoena's sales revenues for the financial year 2012/13 totalled €71.5m.

People
Ronny Lemmens and Markus Sommer are managing directors at Amoena.

Advisers
Vendor – Lincoln International (Corporate finance).
Equity – PwC, Lars Lawell, Christian Gerke, Georg Dukek, Frank Ciecior (Tax, corporate finance, financial due diligence); Roland Berger, Christof Huth, Thorsten Groth (Market due diligence); Skadden Arps Slate Meagher & Flom, Lutz Zimmer, Jens König, Hanns Jörg Herwig, Richard Röder, Ulrich Ziegler (Legal); Latham & Watkins, Christina Ungeheuer, Kim Woggon (Legal); Willis & Co, Albert Höyng, Edmund Strößer, Christina Scholle (Insurance due diligence); ERM Group, Werner Schulte, Christopher Kiermayr, Sieglind Send, Florian Dirner (Environmental due diligence).

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• Topics
• DACH
• Buyouts
• Consumer
• Germany
• Halder Beteiligungsberatung GmbH
• Baird Capital Partners Europe Ltd