Deal Details
sale to Prettl Group
Summary
Baird served as the exclusive financial advisor to Baird Capital on this transaction.
About
Baird Capital recently sold its majority stake in PAS Management Holding GmbH (‘‘PAS’’ or ‘‘the Company’’) to the Components and Systems division of the Prettl Group. Terms of the transaction were not disclosed.PAS is a global provider of front panels and systems to leading OEMs in the home appliances segment. The Company covers the entire value chain from product engineering to component production, system assembly, testing and on-time delivery. Headquartered in Neuruppin, Germany, the Company operates eight production facilities in Germany, Poland, Turkey, Mexico and the United States as well as China.
Baird Capital is a global private equity firm providing capital to lower middle-market companies in the Business Services, Manufactured Products and Healthcare sectors. The PAS exit was managed by the United Kingdom team.
Prettl Group is an international conglomerate with over 9,500 employees operating from 35 locations in over 25 countries. It operates through five divisions (Automotive, Components & Systems, Electronics, Energy and Strategic build-up) composed of fully independent companies. Prettl Group is headquartered in Pfullingen, Germany.
For additional information about this transaction, please contact:
- Date
- September 2015
- Company
- PAS Management Holding GmbH
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- Europe
- Acquiror Geography
- North America
Share
