ENA Guss-Gruppe (Germany) - Oct 2007

BWK GmbH Unternehmensbeteiligungsgesellschaft has acquired an 80% stake in ENA Guss- Gruppe from the founding families for an undisclosed amount. Agency Arrangement ran the sales process. ENA’s CEO Herbert Rotzinger also invested and holds the remaining 20% stake. As part of the transaction, BWK has also provided financing for future investments. The financial investor is looking to support the company’s organic growth by expanding the iron and aluminium casting activities and the finishing capacity.

Debt

The transaction did not involve leveraged financing.

Company

ENA Guss was founded by Emil Nägele in 1866. Today, the Albbruck-headquartered company produces core-intensive, complex grey, nodular and aluminium-sand cast parts for the automotive, machinery and construction industry. Per year, the ENA Guss-Gruppe produces approximately 4,200 tonnes of cast iron at its Albbruck site and approximately 600 tonnes of cast aluminium at its Erzingen site. In 2006, it reported revenues of approximately ??18m, while employing a workforce of 135.

People

Günther Niemann and Rainer Ulbricht handled the transaction on behalf of BWK.

Advisers

Equity - Stimpfle & Stimpfle, Josef Stimpfle (Financial Due Diligence)Vendor - Agency Arrangement, Reiner Fischer (Corporate Finance)Vendor - PSB Pfeiffer Schneider Breski, Thomas Pfeiffer (Legal)

Sourced from: Deutsche unquote" 93 (Nov 2007)

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• DACH
• Buyouts
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• Germany