CGS acquires majority stake in Masa

The buyout sees CGS replace longstanding investor Olga Vercammen as majority shareholder in the company. Vercammen retains a minority stake.

The transaction was completed via a newco, Masa Industriebeteiligungen. CGS drew down capital from CGS III, which closed on CHF 208m in 2013.

Managing partner at CGS, Rolf Lanz, told unquote" the deal originated through industrial contact with Masa.

He added it fits his CGS's buy-and-build profile, and complements its current portfolio, which includes a number of similar businesses acquired in 2013 and brought together under the Top-Werk name.

Lanz said Masa will be kept as a separate company for the time being, and that CGS will now begin considering the best strategy and structure for the company's future.

According to unquote" data, CGS specialises in buyouts and buy-and-build investments in small and mid-sized companies with revenues between €10-80m.

Company
Masa provides planning, machines and manufacturing equipment for the building materials industry, notably concrete block and slab production facilities.

It had revenues of around €100m last year.

The company employs 500 staff across its two German sites and offices in the US, China, Russia, India and Dubai. Masa is headquartered in Andernach and was founded in 1995.

People
Dr Rolf Lanz and Christoph Haller are managing partners at CGS, while Udo Klaussner is the managing director of Masa.

Advisers
Equity – CGS Management (Commercial due diligence); KPMG Transaction Services Zurich (Financial due diligence, tax); Noerr (Legal); GLNS Rechtsanwälte Steuerberater Partnerschaft (Legal); Ecosens (Environmental due diligence); HPC (Environmental due diligence); MARSH (Insurance due diligence); KESSLER (Environmental due diligence).

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• Topics
• Buyouts
• DACH
• Industrials
• Switzerland
• Germany
• CGS Management