Greisinger Electronic GmbH (Germany) - Oct 2007

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01 October 2007

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BPE Private Equity GmbH has acquired a 75% stake in Greisinger electronic GmbH from the founding Gresinger family for an undisclosed amount, as part of a management buy-in. The transaction was structured via newco Greisinger Beteiligungs GmbH. Hamburg-based corporate finance adviser Centum Capital was mandated to find a suitable solution to the succession issues the company was facing. BPE won the deal as it provided an experienced managing director as part of the transaction, who will be taking over in January 2008. The yet undisclosed new managing director together with Otmar and Elisabeth Greisinger invested and are holding the remaining stake in the company. BPE is looking to grow the company through an international buy-and-build strategy.

Debt

HypoVereinsbank supported the transaction with a senior-only debt package.

Company

Otmar Greisinger founded Greisinger-electronic GmbH in 1980. The company is active in the field of development and production of measuring and control equipment including suitable sensors. The product line includes mainly handheld instruments and digital indicators for measuring temperature, humidity, pressure, pH/ Redox, material moisture and many more. Based in Regenstauf, the company employed approximately 40 staff in 2006.

People

Joachim von Ribbentrop, Aman Miran Khan and Nico Reimers structured the transaction on behalf of BPE.

Advisers

Equity - Alpers & Stenger, Ingo Alpers, Stefan Richter (Tax)Equity - AMR International Ltd, Sarah Schwering, Simon Robbins (Market/Industrial Due Diligence)Equity - Egon Zehnder International, Nicolas Graf Rosty-Forgách (Other Consultant)Equity - Rittstieg Rechtsanwälte, Dr Jörn Wöbke (Legal)Equity - RSM Hemmelrath, Thorsten Dzulko, Uwe Wolf (Financial Due Diligence)Vendor - Centum Capital GmbH, (Corporate Finance)