BPE-backed VTN acquires EFD

The acquisition of EFD Härterei Fritz Düsseldorf supports BPE's buy-and-build strategy to form a group of heat treatment service companies with production sites in Germany. The investor hopes to build a group generating around €30m of revenue.

BPE was convinced by the well equipped engineering and development driven unit which will add value to its portfolio.

Company
EFD Härterei Fritz Düsseldorf, which will be rebranded to VTN Fritz Düsseldorf, is headquartered in Freiburg with plants in Bielefeld and Karlsfeld. The business is a specialist in the field of thermal treatment providing a variety of hardening services. In 2011, EFD Härterei Fritz Düsseldorf generated revenues of approximately €10m. The company was founded in 1950 and employs 78 people at three locations.

People
Aman Miran Khan and Stephan Gummert structured the transaction on behalf of BPE.

Advisers
Equity - Gleiss Lutz Rechtsanwälte, Jörn Wöbke, Stefan Lingemann (Legal); Alpers&Stenger, Ingo Alpers, Daniel Fengler (Tax due diligence); Mazars, Thorsten Dzulko, Michael Rathje (Financial due diligence)
Vendor - Transfer Partners, Andreas Jaeger, Tanja Schmalz (Corporate finance), Kapellmann und Partner Rechtsanwälte, Antonius Ewers (Legal)

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