Deutsche Beteiligungs injects €42m over two bolt-ons

The first bolt-on will see Pfaudler, a producer of glass-lined reactors for chemical substances, acquire Julius Montz, a company that specialises in distillation technology.

DBAG backed the management buyout of Pfaudler Process Solutions in December 2015 with €8m from its balance sheet as well as equity from its Fund VI vehicle.

Meanwhile, DBAG provided additional capital to the Pro XES group, which comprises Stephan Machinery and Fryma Koruma, two producers of machinery for the food, pharmaceutical and healthcare sectors. The business will acquire Terlet, a processing equipment manufacturer based in the Netherlands.

DBAG acquired German business Stephan Machinery in an MBO valued at €40m in March 2013. Fryma Koruma was bought in April 2014 for an undisclosed amount.

Companies
Operating two plants in Hilden and Landau, Julius Montz produces distillation technology, through which different liquids and gases can be separated into their constituent parts or purified. The company was founded in 1911 and employs 110 people.

Founded in 1917 and based in Zutphen, the Netherlands, Terlet designs and manufactures components for the preparation and packaging of food products. The company had revenues of €16m in 2014 and employs 70 people.

People
Torsten Grede is part of DBAG's management board. Thomas Kehl chairs Pfaudler's board of directors. Olaf Pehmöller is the CEO of Pro XES. 

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• Topics
• DACH
• Expansion
• Industrials
• Acquisition finance
• Deutsche Beteiligungs AG