30/Oct/2017

IMAP Germany advises shareholders of Kohl-Gruppe on the sale of three divisions to purchasing consortium of Endurance Capital and AL-KO KOBER

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Endurance Capital AG and AL-KO KOBER SE will jointly acquire the three divisions automotive, metal parts manufacturing and railway technology of the Cologne-based metal processing company Kohl-Gruppe AG. The purchasing consortium formed with participation of AL-KO and led by Endurance Capital, Mettec Holding GmbH, will acquire the corresponding shares and real estate at the Eisenach and Treuenbrietzen sites as part of a carve-out transaction. Subject to approval by the responsible cartel authorities, the sale process should be completed in 2017.

The Cologne-based Kohl-Gruppe AG is a company with a long tradition in metal processing, focusing on the development and production of high-quality formed parts and assemblies. With approximately 1,000 employees, the company achieved revenues of about € 175 million in 2016. The affected business units had 620 employees in 2016 and generated revenues of about € 110 million (of which about 80% was in the automotive division). In the future, Kohl-Gruppe AG will focus on metal forming in the industrial sector.

Endurance Capital AG, headquartered in Munich, is a holding company specializing in investing in medium-sized companies in special situations. AL-KO KOBER SE, founded in 1931 in Großkötz near Günzburg in Bavaria, is one of the world's leading suppliers in the area of automotive engineering as well as gardening and air conditioning equipment with a total of 45 locations and about 4,000 employees.

Under the umbrella of the purchasing company of both partners (Mettec Holding GmbH), it will be able to clearly position the three divisions strategically and create the necessary conditions for them to develop independently in the medium term.

The IMAP team consisting of Dr. Joachim Koch and Lisa Haug advised the seller on the implementation of the structured sales process.

Volker Kempa, spokesman of the Management Board and shareholder of Kohl-Gruppe AG. said:
"We are pleased to have found new partners in Endurance Capital and AL-KO which have many years of experience in the mid-market manufacturing sector and a proven ability to successfully acquire and develop companies in succession situations".