Transaction Details

February 14, 2018
Frankfurt

Sector

Industrials and Industrial Technology

Deal Type

Debt advisory

Deal Value

N/D

Deal Team

Norbert Schmitz, Thorsten Weber, Janik Bold

GCA Altium advises Cathay Capital on financing the acquisition of E. Winkemann

GCA Altium acted as debt advisor to Cathay Capital on the acquisition of automotive supplier E. Winkemann. Cathay Capital will acquire a majority stake, with Equistone and E. Winkemann’s management remaining invested in the company. The involved parties have agreed not to disclose the financial terms, and the transaction is subject to competition approval.

Over its 80-year history, E. Winkemann has become a major manufacturer of precision-stamped metal parts which it primarily provides to prestigious German and international automotive suppliers and manufacturers. The company is based in North Rhine-Westphalia, Germany, and currently employs 380 people.

Capitalizing on its platform spanning three continents and its vast international experience, Cathay Capital intends to support E. Winkemann in its geographical expansion strategy, primarily in China, followed by expansion to the rest of Asia and the USA.

Dr. Bernd Sent, Managing Director of E. Winkemann, stated: "We have chosen Cathay Capital as a new partner in our capital structure to help us with our ambitious international expansion strategy and the extension of our production site in Plettenberg. Our common ambition is to grow from the solid positioning we have built in Germany and Europe to a new stage of expansion on a global level."

Andreas Holtschneider, Partner for DACH at Cathay Capital, added: "Cathay Capital’s teams are delighted to have been chosen by E. Winkemann’s management team and Equistone to support the company’s development beyond its current borders. Thanks to our unique ecosystem, E. Winkemann will benefit from our proven experience in partnering with companies looking to enhance their international dimension."

GCA Altium provided debt advice on all commercial aspects of the acquisition financing.

Thorsten Weber, Director at GCA Altium, commented: "We are convinced that Cathay Capital is the ideal partner for E. Winkemann. Together with the company’s strong management team, Cathay Capital will lead the group into the next growth phase. The implemented financing structure fits perfectly with E. Winkemann’s strategy and represents an excellent basis for the group's future growth."

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