Sector: Automotive industry
Product Range: Plastic parts & assembled components
Revenue: EUR 50 M
Employees: 315
Initial Situation
- The partners are striving to sell their shares due to age and health
- The sellers have clear ideas regarding the future management structure
- In the medium term, an internationalization of the production (USA / China) is inevitable, along with increased financing requirements
- Own efforts to ensure appropriate financing had been unsuccessful in advance
Procedures and Services
- First workshops on feasibility and indicative company evaluation
- Focusing of the M&A process on private equity enterprises and international corporations
- The company finds wide interest in the market as part of the indicative offers
- A Japanese company that wants to grow in Europe is emerging as a favorite early on
- Thanks to intelligent process control, the sales process was finalized at an early stage
Results
- Through good contacts with international investors, an investor with a high strategic interest could be found
- The strategist offered a price premium amounting > 20% to other bidders
- The management structure envisaged by the existing partners was almost fully implemented
- "All cash", no earn-out structure, repayment or vendor loan
- The buyer has invested more than EUR 30 million in a new plant in the US to date
Source: Concentro; EBIT-Multiples Finance Magazin