Sale of Heinrich Kopp GmbH

Industrial
Sale of Heinrich Kopp GmbH

Summary

Baird served as financial advisor to Actuant Corporation on this transaction

About

Actuant Corporation (“Actuant”) (NYSE:ATU) recently entered into a definitive agreement to sell its European Electrical Products Business (“Heinrich Kopp GmbH” or “Kopp”) to Palero Capital GmbH (“Palero Capital”).

Kopp is a leading developer, manufacturer and distributor of electrical products, specializing in sockets and switches for the professional channel and retail market. Headquartered in Kahl, Germany, Kopp has significant market share in Germany, Austria and the Netherlands as well as a presence in the Czech Republic, Hungary, Poland, Slovakia, Greece, Spain, Sweden, Switzerland and other South East European countries.

Headquartered in Butler, Wisconsin, Actuant is a diversified industrial company with operations in more than 30 countries. With fiscal 2010 sales of nearly $1.2 billion, Actuant’s products are used in a wide range of niche industrial, energy and vehicle applications as well as in the construction and home improvement markets.

Headquartered in Munich, Germany, Palero Capital is an independent private equity investor focusing on the operational turn-around of companies in special situations.

For additional information about this transaction, please contact:

Joachim Beickler +49 (0) 691 301 4951
Trish Hansen +1 414 765 3521
Philipp von Mitzlaff +49 (0) 691 301 4930
Industrial
Sale of Heinrich Kopp GmbH
Date
March 2011
Company
Actuant Corporation
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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