
Quadriga acquires Kinetics
Private equity house Quadriga Capital has acquired Kinetics Germany from US-based Kinetic Systems.
This marks Quadriga Capital's first buyout this year. Recently the investor sold its stake in Jack Wolfskin to private equity investor Blackstone for €700m.
Debt
No debt structure was used for this transaction.
Company
Founded in 1973, Kinetics Germany provides high-purity systems for process gases, chemicals, slurries, compressed air and ultrapure water for clients in the photovoltaic, solar-thermal and biopharmaceutical sector. Based in Eschau-Hobbach, the business currently employs about 650 people and had a turnover of €100m in 2010.
People
Roland Egerer and Jörg Mugrauer from Quadriga worked on the deal.
Advisers
Equity – Clifford Chance, Oliver Felsenstein, Susanne Langer, Leif U Schrader, Hendrik Röhricht, Heike Weninger, Gabriel Siebert, Marc Besen, Achim Gronemeyer (Legal); Estin & Co, Marco Mäder, Victor Mithouard (Corporate finance); Ernst & Young, Wolfgang Taudte, Ines Deinert, Janine Kober, Sergej Stumpf (Financial due diligence); Ernst & Young, Michael Kunz, Barbara Müller (Tax); Marsh, Georg von Mangoldt, Robert Engels (Insurance due diligence); ERM, Werner Schulte, Gudrun Schwerdtle (Environmental due diligence).
Vendor – @visory Partners, Ralph Schmücking, Tobias Schätzmüller, Felix Leitloff (Corporate finance); Norton Rose, Dirk Otto, Rüdiger Hoffmann (Legal).
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