Erichsen Group (Germany) - Oct 2007

unquote
01 October 2007

Tweet
Facebook
LinkedIn
Google plus
Send to

BPE Private Equity GmbH has acquired an 80% stake in Erichsen Group from the founding Erichsen family for an undisclosed amount. The management team, which also invested, is holding the balance. Düsseldorf-based Reichmuth & Co Corporate Finance ran a limited auction process. The financial investor structured the transaction via newco Erichsen Beteiligungs GmbH. The financial investor is looking to grow the company internationally and actively pursue strategic acquisitions while contributing to the ongoing consolidation in the market.

Debt

West LB and Internationales Bankhaus Bodensee provided a senior-only debt package.

Company

The Erichsen Group provides testing instruments and equipment in the field of sheet metal-coatings, corrosion and material testing. Founded in Berlin in 1910, Erichsen supplies customers in the steel, automotive, plastics, lacquers and paint production industry. Today the company is headquartered in Hemer and has subsidiaries in Paris and Milan, employing a total workforce of approximately 80 people.

People

Aman Miran Khan and Nico Reimers structured the transaction on behalf of BPE.

Advisers

Equity - Alpers & Stenger, Ingo Alpers, Stefan Richter (Tax)Equity - Alpers & Stenger Hamburg, Mazars Hemmelrath, Thorsten Dzulko, Uwe Wolf (Financial Due Diligence)Equity - AMR International Ltd, Oliver Runkel (Market/Industrial Due Diligence)Equity - Egon Zehnder International, Jörg Elias (Other Consultant)Equity - Rittstieg Rechtsanwälte, Dr Jörn Wöbke (Legal)Vendor - Lovells, Michael Leistikow (Legal)Vendor - Naust & Partner, Rolf Rademacher (Tax)Vendor - Reichmuth & Co Corporate Finance, Philippe Hunecke, Stephan Mathys (Corporate Finance)