MML Capital exits Clyde Bergemann

The private equity house sold its stake to Clyde's management in a capital structure reorganisation.

In 2005, MML and German private equity firm Deutsche Beteiligungs AG (DBAG) backed the MBO of Clyde Bergemann. MML initially invested $10m. DBAG bought a 17.8% share in the business.

Company
Clyde Bergemann specialises in designing and manufacturing engineering systems. It is based in Wesel, Germany, with an additional office in Glasgow, Scotland. Its solutions are designed to contribute to the optimisation, efficiency increase and reduction of emissions of fossil-fired power plants.

The business posted revenues of $449m last year and employs 1,560 staff.

People
Franz Bartels is the CEO and president of Clyde Bergemann. Ian Wallis is managing partner at MML and led the transaction for the GP.

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