Deal Details

Heytex Group Is Acquired by Bencis

Industrial

Heytex Group, majority owned by an affiliate of DBAG, sale to Bencis

Summary

Heytex Group (the “Company”), majority owned by an affiliate of Deutsche Beteiligungs AG (“DBAG”), has been acquired by an affiliate of Bencis Capital Partners B.V. (“Bencis”) for undisclosed consideration. The transaction is subject to various regulatory approvals and customary closing conditions.

Baird served as the exclusive financial advisor to Heytex’s shareholders on this transaction.

About

Heytex Group is a global leading manufacturer of engineered technical textiles offering customers a differentiated combination of materials, application expertise, coating technology and global manufacturing capabilities. The Company employs a range of coating technologies, including knife coating and calendaring, as well as a variety of lamination techniques to produce its products. The Company is headquartered in Bramsche, Germany and operates from 5 manufacturing locations across Germany, Netherlands, United States and China supplying a diverse range of customers in industrial, graphics, government and consumer end markets. Heytex Group sells its products to a wide range of loyal textile converting customers and distributors globally with approximately 75% of its sales in Europe, 20% in North America and the remainder in Asia and elsewhere. The Company generates approximately €160 million of sales globally.

Deutsche Beteiligungs AG, a listed private equity company, initiates closed-end private equity funds, and itself invests alongside those funds in well-positioned mid-market companies with growth potential. DBAG invests in companies with their registered office or business focus in the German-speaking region and also in companies outside Germany in sectors where they have many years’ of investment experience. DBAG leverages its experience and equity investment to support its portfolio companies in implementing long-term and value-enhancing corporate strategies. DBAG’s entrepreneurial investment approach makes it a sought-after investment partner in the regions where it operates. DBAG manages and advises capital amounting to around €2.5 billion.

Bencis Capital Partners is an independent private equity firm that was founded in 1999 and invests from offices across the Netherlands, Belgium and Germany. Bencis has raised six funds with a total volume of more than €2.2 billion and has helped management teams of 72 portfolio companies grow both organically and through more than 220 add-on acquisitions. Bencis has strong experience and expertise in the Industry & Manufacturing, Food & Beverage, Business & Consumer Services, Healthcare, Leisure and Wholesale & Retail sectors. Bencis is currently investing from its sixth fund, Bencis VI, with a size of €575 million.

Industrial

Heytex Group, majority owned by an affiliate of DBAG, sale to Bencis