Ruia Group acquires Standard Profil
A Bancroft Private Equity-led consortium has entered into a binding agreement to sell 100% of Standard Profil A.S. to the Ruia Group. The transaction is subject to standard antitrust approvals and is expected to close in the third quarter of 2011. Standard Profil, which has manufacturing locations in Turkey, Bulgaria, South Africa and China, is a fast growing, tier-one rubber profile and weather-strip producer for global automotive OEMs. Standard Profil had EUR 180 million in sales in 2010. Ruia Group is an Indian industrial conglomerate with core businesses in infrastructure equipment, automotive ancillaries, and tyres. Ruia Group has built a strong presence in Europe with group sales totaling more than EUR 700 million.
Commenting on the development Mr. Pawan K Ruia, Chairman of the Ruia Group said: "We are very excited to have signed a deal to acquire such a rapidly growing company. This acquisition is in line with the Ruia Group's strategy to consolidate the automotive sealing industry and its plan to emerge as a global leader in the automotive ancillary industry. The addition of a market leader such as Standard Profil to the portfolio will accelerate the growth."My management team and I are very excited to continue the successful growth of our sealing business under the umbrella of the Ruia group and expand the services for our customers into new regions," said Mr. Andreas Engel, CEO of Standard Profil.
"We are proud of the success Standard Profil has achieved under our ownership. The transaction with Ruia Group will undoubtedly result in a winning combination," said Mr. Tamas Szalai, partner of Bancroft.
Bancroft Private Equity is a private equity firm investing in Central and Eastern Europe and Turkey. Since the launch of its first fund in 1996, Bancroft has invested in 16 companies with 11 exits, including Standard Profil. Bancroft is currently investing its third fund, Bancroft 3, LP.
Acxit Capital Management acts as financial advisor to Ruia Group in this transaction.
GROHE announces voluntary public tender offer for Joyou
GROHE, the world’s market leading premium brand for sanitary fittings, has announced the intention to launch a voluntary public tender offer for all outstanding shares of Joyou AG via its wholly owned entity Grohe Asia AG. Joyou is the market leader in the Chinese sanitary market with approx. 12 % market share and has been listed on the Frankfurt stock exchange since March 2. 2010. By acquiring a major stake in Joyou, GROHE will be able to significantly increase its participation in the rapidly growing Chinese sanitary ware market. Acxit Capital Management acts as financial advisor to GROHE in this transaction.
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Ruia Group acquires Gumasol Werke
Ruia Group, a dynamic and fast-growing conglomerate based in India, acquires GUMASOL-Werke Dr. Mayer GmbH & Co. KG, (Gumasol), a well established manufacturer of solid rubber tyres, rubber compounds and rubbermetal joints.The corporate finance practice of Acxit Capital Management acted as strategic and financial advisor for Ruia Group.
Jens Tschauder joins Acxit Capital Management
Acxit Capital Management is pleased to announce the appointment of Jens Tschauder as Managing Partner, effective in January 2010. Mr. Tschauder will support the expanding activities of Acxit Capital Management in its key areas of financial advisory services, structured products and principal investments and will take a leading role in the origination of capital markets products across the equity, debt and alternative asset classes.
“Die Skonto AG” (Iserlohn) acquired 100% of “Alpha Factoring S.á.r.l.” (Luxemburg/Luxemburg).
“Alpha Factoring S.á.r.l.” is a leading provider of factoring services in Germany with a focus on small- and medium-sized companies.
The Corporate Finance practice of Acxit Capital Management acted as the exclusive advisor to the seller.
The founder, former Chairman and former major shareholder of “Firstgate Holding AG (Firstgate)” (Zug/Switzerland) has sold his shareholding in the Company to the group of existing shareholders in “Firstgate”.
“Firstgate” is the parent company of “ClickandBuy” (London/UK), the leading provider of innovative Internet billing and payment solutions. Worldwide, more than 14,000 e-retailer in 26 countries benefit from “ClickandBuy” as secure e-payment solution.
The Corporate Finance practice of Acxit Capital Management acted as exclusive advisor to the Seller.
“Sirius Venture Partners” (Frankfurt/M.) provided additional equity and debt financing to “pawisda systems GmbH” (Weiterstadt).
The Corporate Finance practice of Acxit Capital Management acted as the exclusive advisor to “pawisda systems GmbH”.
“pawisda systems GmbH (pawisda)” (Weiterstadt) secured growth financing provided by Acxit Capital Management and “KfW Bankengruppe” (Frankfurt/M.).
German based “pawisda” is a leading international provider of hybrid mail management solutions.
The Corporate Finance practice of Acxit Capital Management acted as the exclusive advisor to “pawisda”.
Acxit in the Press
Going Public, April, 2009: "Healthcare 2009 - Wachstumsmarkt Gesundheit & Pflege"“Tata Strategic Management Group (TSMG)” (Mumbai/India) and Acxit Capital Management prolong their privileged partnership focussing on Indian/European cross border transactions and joint ventures.
TSMG and Acxit Capital Management continue to offer their respective
clients highest service standards of strategic and operational advice,
tailor made corporate finance solutions and general investment banking
support.
Founded in 1991 as a division of “Tata Group”, TMSG is a leading
management consulting firm in Asia. The service range of the Company
encompasses strategy formulation, strategy deployment, analytics
solutions, business process improvement, cost reduction and
productivity improvement.
To foster future growth, Acxit Capital Management is moving its Frankfurt office to larger facilities.
As of January 1st 2009, the Frankfurt office of Acxit Capital Management will be located at the former US Consulate at Siesmayer Carrée, Siesmayer Strasse 21, in Frankfurt/Main.Acxit Capital Management acted as mediation and defence advisor to the CEO and major shareholder of “Firstgate Holding AG (Firstgate)” (Zug/Switzerland).
“Firstgate” is the parent company of “ClickandBuy” (London/UK), the
leading provider of innovative Internet billing and payment solutions.
Worldwide, more than 14,000 e-retailer in 26 countries benefit from
“ClickandBuy” as secure e-payment solution.
The Corporate Finance practice of Acxit Capital Management acted as the exclusive financial advisor to Mr. Stangl.
Acxit Capital Management acted as the exclusive financial advisor to “Société des Polymères Barre Thomas (Barre Thomas)” (Rennes/France) advising on the operational and financial restructuring of the Company.
“Barre Thomas” is specialised in the design and production of polymer-based systems for the automotive industry. The product portfolio encompasses seals, hoses and anti vibration systems.
Acxit Capital Management acted as financial advisor to the German retail chain “Depot”.
The Corporate Finance practice of Acxit Capital Management acted as
financial advisor to the sole shareholder of “Gries GmbH & Co. KG”
during the acquisition of the remaining stake of “Gries Deco Company
GmbH” (Niedernberg) from “Dawnay Day & Company” (London/UK).
“Gries Deco Company GmbH” is the parent company of the well established retail brands “Depot” and “ipuro”.
Mr. Klinge joined Acxit Capital Management from Roland Berger Strategy Consultants.
Acxit Capital Management is pleased to announce the appointment of Mr.
Klinge as Director of its representative office in Mumbai/India.
Mr. Klinge gained broad industry knowledge and extensive international
project experience as a management consultant with Roland Berger
Strategy Consultants before joining Acxit Capital Management to run its
Indian representative office in Mumbai/India.
Adrian Raidt joins Acxit Capital Management from Tata Strategic Management Group
Mr. Raidt joins as Director for International Development and will head Acxit's liaison office in Mumbai.
Acxit Capital Management sets up Indian Practice
Acxit Capital Management sets up Indian Practice and initiates a privileged partnership with Tata Strategic Management Group.
Nursing Home Group Casa Reha acquires Sozialkonzept GmbH & Co., a leading provider of nursing care in Germany - exclusively advised by Acxit
Acxit provided financial advice to Casa Reha Holding GmbH, a portfolio company of Advent International Corp. in the acquisition of the nursing home group Sozialkonzept GmbH & Co..
Acxit is the official sponsor of the 2nd WHU Private Equity Conference
Thomas Klack, Managing Director of Acxit Capital Management speaks about "Private Equity - A continuing success in Germany?" at the WHU Otto Beisheim School of Management in Vallendar on the 2nd WHU Private Equity Conference: "Beyond the Bubble". The conference provides an interdisciplinary forum for the best students and young professionals to discuss with leaders in private equity and renowned academics from the fields of entrepreneurship and finance.
TDF S.A. acquired telecom tower assets from KPN
French transmission network services specialist TDF S.A. acquired 23 large telecommunications towers as well as the right to use an additional one from KPN for an undisclosed amount. Acxit Capital Management acted as exclusive financial advisor to TDF.
Keystone International acquired TroPark GmbH
Keystone International acquired industrial estate TroPark GmbH from TroiKomm GmbH for an undisclosed amount. Acxit Capital Management acted as exclusive financial advisor to Keystone.
Absolute Capital Management sells stake in Broadnet AG
Funds advised by Absolute Capital Management sold it's shareholding in Broadnet AG to QSC in a block trade for an undisclosed amount. Acxit Capital Management acted as exclusive financial advisor to Absolute Capital Management.
Acxit in the Press
Going Public, November, 2006: Sonderbeilage zum Deutschen EigenkapitalforumInterview with Johannes Lucas
History of the Eigenkapitalforum
Thomas Klack speaker at the ebs conference
Thomas Klack, Managing Director of Acxit Capital Management speaks at the 17th ebs Symposium at Schloss Reichartshausen about "Private Equity - A continuing success in Germany?" The ebs Symposium is the largest conference of its type bringing together business leaders and academia and was hosted by the European Business School (ebs) under the title "Survival of the fittest? Mastering fundamental change."
Acxit acquires controlling stake in key optical network assets in Europe
Acxit Capital Management has acquired a controlling stake in European Technology Group LLC which owns dark fiber and STM-64 capacity agreements as assets in key European markets that allow customers to realise significant benefits and values. Strategically located, the EuroTech assets provide the opportunity for a pan-European terrestrial optical network with add/drop possibilities in Amsterdam, Brussels, Düsseldorf, Frankfurt, Paris, Madrid, and Barcelona. Combined with the dark fibre rings in London and the 4xSTM16 connection London to Manchester, EuroTech can provide the most reasonable value for a high quality network configuration.
Acxit in the Press
Going Public, August, 2006: "Entwicklungen im russischen M&A-Markt"Acxit in the Press
AFX News Limited, June 9, 2006: "Acxit Capital shows interest in Credit Suisse's Winterthur German ops - report"Acxit in the Press
marketwatch.com, June 9, 2006: "Investors eye Winterthur's German operations"
Acxit in the Press
Handelsblatt, June 9, 2006: "Finanzinvestor zeigt Interesse an Winterthur"
Acxit in the Press
FINANCE, April, 2006: "Die neuen Geldgeber - Hedgefonds machen Banken Konkurrenz"
Acxit in the Press
Going Public, April, 2006: "Sonderausgabe Mittelstandsfinanzierung 2006"
Johannes H. Lucas speaks at the Gründerkolleg
Johannes H. Lucas speaks at the 10th Gründertraining at the Gründerkolleg RWTH in Aachen on Venture Capital.
Gero Häfner joins from Helaba
Mr. Häfner, with extensive experience in corporate finance, cross-border leasing and private placements joins Acxit Risk Management GmbH as Managing Director.
Acquisition of majority stake in more phones GmbH
Acxit Capital Management, Frankfurt, and Funds advised by Absolute Capital Management, Palma de Mallorca, acquired the majority in more phones GmbH, Rheine, a leading German reseller of mobile phones from listed wapme systems AG, Düsseldorf. The transaction is effective as of January 31, 2006. The parties agreed to keep the transaction details confidential.
Rütgers GmbH sold Industriepark Troisdorf GmbH and TroPark GmbH to TroiKomm kommunale Verwaltungs- und Beteiligungsgesellschaft mbH for an undisclosed amount - exclusively advised by Acxit
Subsequent to the sale of HT AG to Carlyle and Advent, Rütgers GmbH formed Industriepark Troisdorf GmbH and TroPark GmbH for the operation of the former industrial site in Troisdorf. With this divestment Rütgers completed the sale of all assets which in the past formed HT Troplast AG. Acxit Capital Management acted as exclusive financial advisor to Rütgers in this divestment, which closed in December 2005 on terms not disclosed publicly.
Tower Automotive sold its subsidiary Tower Hydroforming to hde solutions for an undisclosed amount - exclusively advised by Acxit
Chemnitz based Tower Hydroforming is one of the leading independent suppliers of formed metals based on Hydroforming production technology. With this divestiture Tower Automotive continues its strategy to focus on its core businesses, supplying body structures, lower vehicle structures, suspension components and modules to nearly every major automotive manufacturer in the world. Acxit Capital Management acted as exclusive financial advisor to Tower Automotive in this divestment, which closed in October 2005.
Grohe sold AquaRotter to Swiss Franke Group for an undisclosed amount - exclusively advised by Acxit
Berlin based AquaRotter GmbH is a leading producer of water management and sanitary room fittings for professional users. With this divestiture Grohe Water Technology AG & Co. KG continues its strategy to focus on its core businesses. Acxit Capital Management acted as exclusive financial advisor to Grohe and its shareholders in this divestment, which closed in September 2005 on terms not disclosed publicly.
Advent International acquires German Nursing Home Group Casa Reha - exclusively advised by Acxit
Acxit provided financial advice to Advent International Corp. to beat out both private equity and strategic buyers in an auction for the acquisition of Germany's fifth-largest nursing home group Casa Reha Betriebs- und Beteiligungsgesellschaft mbH.
Johannes H. Lucas at FIRST TUESDAY panel discussion
Johannes H. Lucas will participate in today's panel discussion "Investor - Retter oder Plage?" at the FIRST TUESDAY September event "Capital&Innovation" which will be held at the IHK Frankfurt.
Relaunch www.acxit.com
We are pleased to present our new website which we developed together with knallgrau new media solutions. We hope you enjoy the new design, the increased functionality as well as the extended contents.
Foundation of DIK - Deutsche Immobilien & Kapital GmbH
As of today Acxit's real estate activities will primarily be handeled through its newly incorporated subsidiary DIK.
Michael Caspers joins from Ernst & Young
Mr. Caspers joins as Senior Associate and will strenghten Acxit's execution capabilities.
Thomas Klack joins from JP Morgan
Mr. Klack joins Acxit as Managing Director with responsibility for Acxit's M&A advisory business.
