Quadriga buys Hedrich Group

Carmen Reichman
25 October 2012

Tweet
Facebook
LinkedIn
Google plus
Send to

Quadriga Capital has backed the management buyout of Hedrich Group, a German manufacturer of electrical machinery.

The firm and Hedrich's management wholly acquired the company from its family owners. The transaction also provided working capital for the company's expansion plans. These notably involve the development of Hedrich's technology in order to reach a variety of end markets and expand globally in its base market.

The company's owner contacted Quadriga directly while looking for a successor for the business. Quadriga told unquote" it was intrigued by the company's growth potential in the growing global energy sector and by its long-standing management team.

Debt
Berenberg Bank provided a small debt facility.

Company
Hedrich makes machinery for the manufacture of equipment for the electrical industry. The group has a turnover of €60m and employs 270 people in its production facilities in Germany, Switzerland and China, as well as offices around the world. Hedrich is based in Ehringshausen-Katzenfurt where it was founded in 1963.

People
Roland Egerer is a partner at Quadriga. Gerhard Mais will lead the management team at Hedrich.

Advisers
Equity – AT Kearney, Jörg Schrottke, Wolfgang Haag, Marc Schindler (Commercial due diligence); KPMG, Ines Berger, Christina Bohl, Sergej Stumpf, Dorothee Kron (Financial due diligence); Christoph Kneip, Anne-Marie Dankwort, Yvonne Panknin (Tax); P+P Pöllath + Partners, Jan Wildberger, Katharina Reuther, Veit Konrad, Christine Funk, Matthias Durst, Raphael Söhlke, Daniel Elbel (Legal); Ashurst, Tom Beckerhoff, Derk Opitz, Michael Schuhmacher (Legal); AON, Dieter Borger, Thomas Holle (Insurance due diligence); ERM, Werner Schulte, Arne Gresing (Environmental due diligence).
Vendor – Ruhmann Peters Altmeyer, Ingo Peters, Thorsten Straßheim, Thomas Ruhmann (Legal, Financial due diligence).
Debt – Berenberg Bank, Henning Tietjen, Lars Hagemann, Erik Neuberg (Debt advisory); Watson Farley & Williams, Stefan Kilgus, Alexander Wojtek, Wichard von Hoff (Legal).