Equita makes 10x money on Barat Ceramics exit

The deal is valued at €25-50m, with senior debt and working capital arranged by Helaba and Sparkasse Gera-Greiz.

EQUITA acquired the company from Boart Longyear in May 2006.

Company
Barat is a German manufacturer of ceramics products, based in Auma-Weidatal, Thuringia. Its products are used in many industries, including medical technology, engineering and ballistic protection.

People
Michael Hoenig, Hans Moock, Jan Drewitz and Florian Wiemken led the exit for EQUITA. Brian Veitch, Clemens Busch, Kay Buschmann and Thomas Jepsen represented Steadfast. Barat's management was led by Ulrich Werner and Nicole Becker.

Advisers
Equity – KPMG, Dirk Nawe (Financial due diligence); Ernst & Young, Uwe Buehler (Tax); White & Case, Andreas Stilcken, Tom Schorling, Tim Arndt, Sascha Schmidt (Legal); Roland Berger, Christof Huth (Commercial due diligence); TAUW, Sebastian Katsch (Environmental due diligence); Willis, Tony Burns (Insurance due diligence).
Vendor – PricewaterhouseCoopers, Richard Siedek (Financial due diligence); Watson Farley & Williams, Simon Preisenberger, Lothar Wegener (Legal, tax); Lincoln International, Friedrich Bieselt, Christoph Ulrich (M&A).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• DACH
• Buyouts
• Exits
• Industrials
• Germany
• Steadfast Capital GmbH
• EQUITA Management
• Secondary buyout