Lincoln International advises the shareholders of Völker group on the sale of the Company to Hill-Rom Holdings, Inc.
Frankfurt, 19. December 2011 - The Völker family signed a definitive agreement to sale their shares in Völker group for approx. Euro 65 million to Hill-Rom Holdings, Inc. The transaction is expected to close within the first calendar quarter of 2012 (subject to anti-trust regulatory approval).
Völker develops, manufactures and distributes high-end beds for long term care (LTC) and acute care (AC) markets. The innovative family owned company was founded in 1912, is headquartered in Witten (North Rhine Westphalia, Germany) with its largest production plant, and has a second production plant in Hainichen (Saxonia, Germany) as well as five sales entities in foreign markets. The Company employs a staff of approx. 400 and will generate more than Euro 80 million revenues in the current fiscal year.
Hill-Rom is a leading worldwide manufacturer and provider of medical technologies and related services for the health care industry, including patient support systems, safe mobility and handling solutions, non-invasive therapeutic products, medical equipment rentals, and information technology solutions. Hill-Rom's comprehensive product and service offerings are used by health care providers across the health care continuum in hospitals, extended care facilities and home care settings. Hill-Rom has its corporate headquarters in Batesville (Indiana//USA) and is listed at the New York stock exchange. In 2010, Hill-Rom generated revenues of USD 1,470 million.
With the acquisition of Völker group Hill-Rom will in particular strengthen its European business, accelerate its international expansion and enhance its product portfolio with complementary products.
Lincoln International was retained by the Völker family due to a successor situation as exclusive financial advisor for the sale of the Völker group.
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions and valuations on a wide range of transaction sizes. With 10 offices in Asia, Europe and North America Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com
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