December 28, 2017
Industrials and Industrial Technology
Acquisition financing, Debt advisory
GCA Altium advises H.I.G. on the financing of the acquisition of a majority stake in Beinbauer Group
GCA Altium acted as debt advisor to H.I.G. Capital on the acquisition by one of its affiliates of a majority interest in Beinbauer Group, a leading provider of complex machined metal parts (iron, steel, aluminium) for the European on- and off-highway commercial vehicle industry (OEMs and other tier-1 suppliers).
Beinbauer, headquartered in Büchlberg near Passau, Germany, is a leading European integrated machining solutions provider. Beinbauer’s core competencies are the machining of components and assemblies through state-of-the-art production processes as well as building and managing complex supplier networks. Beinbauer offers its customers all-in-one solutions for axle, frame, chassis and engine parts from a single source. The company operates four production sites in Germany with approximately 700 employees and generated revenues of more than €200 million in 2017.
As a new shareholder, H.I.G. will support Beinbauer’s management team in consistently driving its growth strategy by developing existing customer relationships and acquiring new customers. In addition, the Group is planning geographic expansion through organic growth and selective acquisitions in order to further expand its strong market position in Europe.
Wolfgang Biedermann, Managing Director at H.I.G. Europe, commented: “Led by a dedicated and highly experienced management team, Beinbauer has shown strong development in recent years and demonstrated that it plays an important role as a reliable supplier to the European heavy vehicles industry. With its clear focus on offering its customers a highly flexible “one-stop-shop” solution, Beinbauer can further strengthen and expand its position in an attractive market segment of the European automotive industry.”
Dr. Johannes Schmittat, Managing Director at GCA Altium, commented: “Our team provided debt advice on all commercial aspects of the financing transaction and successfully secured the requested hold-co financing. As a result of the implemented financing structure Beinbauer can grow both organically and via strategic acquisitions.”