Deals in Focus

Deals in Focus | DACH
19th December 2019 Atheneum Team
5th December 2019

Key Atheneum Experts

Former Chief Merchandise Officer – Takko
Former Senior Executive Director – Takko
Head of Trend and Brand Strategy – C&A (rival)

Key Information

Consumer Goods
HQ – Germany
Operations – Global

Apax Partners are preparing to exit the German value fashion retailer. Takko Modemarkt was originally purchased from Advent in 2011 for €1.4bn. The group recently reported a 7.4% year- on-year increase in like-for-like sales for 2Q19-20.

Key Atheneum Experts

Former Senior Software Developer – Exocad
Former CEO – Dental Wings (rival)
Former Director of Business Development – Dental Wings (rival)

Key Information

Technology
HQ – Germany
Operations – Global

Carlyle Group has hired UBS to work as the adviser for the exit of Exocad. The German provider of CAD and CAM software to the dental industry is being marketed at 2020 EBITDA of 20m EUR. Revenue increased by 23% in 2017. Sources claim large growth opportunities for Exocad across Europe as many dentists are yet to adopt digital workflow systems.

Key Atheneum Experts

Former Head of Sales & Marketing – Renk
Former M&A & Strategic Projects Manager – Renk
Former Head of Transmission – Volkswagen

Key Information

Automotive
HQ – Germany
Operations – Global

Volkswagen are looking to sell the transmissions manufacturer Renk, with binding offers due by mid-December. 2018 saw a 7% increase in revenue for the firm with a 22% increase in order numbers. PE firms including PAI, EQT, CVC and Bain are those potentially to be pitched to, along with several automotive/industrial companies.

Key Atheneum Experts

Former Head of Business Development – Swissbit
Former Head of NetCom – Swissbit
Former Business Development Manager – Rochester Electronics (rival)

Key Information

Automotive
HQ – Switzerland
Operations – Global

The flash storage and security solutions manufacturer Swissbit are likely to go to DACH auction early next year. GCA Altium is running the sale process. They will be marketed off at an EBITDA of €20m upward. Swissbit have grown at single to double digit rates annually in the 2009-2018 period.

To learn more please email: yashar.jedari@atheneum-partners.com