MBB Liftsysteme AG (Germany) - Dec 2007

Finatem has led the sale of its portfolio company, MBB Liftsystems AG to the stock exchange-listed Austrian Palfinger Group for an undisclosed sum. The majority shareholder Ixen Partners together with another minority investor also realised their stakes in MBB Liftsystems AG.

Previous funding

Finatem had held a minority stake in MBB Liftsystems AG since 2000 and controlled a majority of 89.5% of MBB Liftsystems together with its Paris-based partner fund Ixen Partners represented by Yves Roucaud.

Company

The company is a manufacturer of truck tailgates and easy access products. The company’s headquarters is in Ganderkesee near Bremen, while subsidiaries are located in the main European markets and in the US. During the ownership, Finatem’s Klaus Bax became chairman of the board while Finatem’s Fritz- Wilhelm Krüger was appointed as CEO of MBB Liftsystems AG. MBB Liftsystems AG anticipates sales of €65m in 2007.

People

Christophe Hemmerle, Irmgard Schade and Dieter Mensing structured the transaction for Finatem.

Advisers

Equity - KPMG's Private Equity Group, Karl-Michael Krüger, Mark Jones-Pritchard (Corporate Finance)Equity - Thümmel Schütze & Partner, Dr Gabriele Fontane, Dr Hans-Jochen Otto, Robert Bastian (Legal)

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• Topics
• DACH
• Exits
• Industrials
• Germany
• Trade sale