Hobatex GmbH (Germany) - Jan 2008

unquote
01 January 2008

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Funds managed by AUCTUS Management & Co. KG have acquired 80% of the shares of specialised wood applications company Hobatex GmbH. The management now holds a significant minority. The company’s founder, Martin Bahr, has joined the company’s advisory board. The deal was sourced through the investor’s personal network and was semi-exclusive at first, with the investor soon convincing the management with their strategy for the company’s future and sector knowledge.

The investor was attracted by the company’s core competences of the company, such as the knowledge about international sourcing, coverage of the full logistics and supply chain, as well as the specific application needs of its industrial customers. Further attractive factors were the company’s high service standards, delivering tailor-made solutions just-in-time worldwide to industrial customers. Their strong disposability throughout the supply chain has obtained them a loyal and growing customer base. In the past 10 years, the company has been growing at 10% per annum.

The company is positioned in a niche market and focused sales activity, innovation and fast accommodation to customer requirements have enabled steady growth. AUCTUS will assist the management in more opportunities for growth and further expansion into European markets, especially in the Benelux region, Italy and France.

Debt

Debt was arranged by WGZ Düsseldorf.

Company

Hobatex is an international trader and service provider for specialised wood applications. Major business areas are industrial and logistic packaging solutions and manufacturing bedslates and bedframes. Hobatex GmbH is located in Brakel, and was founded in 1983.

People

Dr Daniel Meuthen and Matthias Prauser led the transaction for AUCTUS.

Sourced from: Deutsche unquote" 95 (Feb 2008)