TRANSACTION

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June 2018

Deutsche Beteiligungs AG Invests in Karl Eugen Fischer GmbH

Frankfurt am Main, June 12, 2018. Deutsche Beteiligungs AG (DBAG) is investing in Karl Eugen Fischer GmbH (KEF), the global market leader in cutting machines for the tire industry, as part of a management buyout; the shares are being acquired by funds managed by Equistone Partners Europe. Androschin & Partner (A&P) advised on the transaction and conducted commercial due diligence on behalf of Deutsche Beteiligungs AG.

INVESTOR

Deutsche Beteiligungs AG (DBAG Fund VII)

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TARGET

Karl Eugen Fischer GmbH (KEF)

Headquarters
Burgkunstadt (Germany)
Founded
1940
Employees
~545
Additional Information
Transaction value: EUR 117.5 million enterprise value (DBAG invests EUR 23.5 million) | Revenue: EUR 83 million (2017)
Seller
Equistone Partners Europe (Verkäufer)
Transaction
Management buyout; DBAG Fund VII acquires a majority stake in Equistone and co-invests up to €23.5 million (~20%)

ABOUT THE COMPANY

Karl Eugen Fischer GmbH (KEF)

KEF (founded in 1940, headquartered in Burgkunstadt) is the global market leader in cord-cutting machines for the tire industry, with a 70% global market share; the company employs 545 people and supplies 9 of the top 10 tire manufacturers worldwide.

ABOUT THE INVESTOR

Deutsche Beteiligungs AG (DBAG Fund VII)

Deutsche Beteiligungs AG (DBAG) is one of Germany's oldest private equity firms, headquartered in Frankfurt am Main; DBAG Fund VII invested up to 23.5 million euros for approximately 20% of the shares.

OUR ROLE

Commercial Due Diligence

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