Lincoln International advises H2 Equity Partners on the sale of Halex Group to Bencis
The successful sale of Halex Group exemplifies Lincoln International’s track record of selling niche market leaders and underpins Lincoln International’s strong position in the Industrials sector Amsterdam – Lincoln International is pleased to announce the successful sale of Halex Holding GmbH (“Halex Group”), the German industrial group and a portfolio company of H2 Equity Partners (“H2EP”), to Bencis Capital Partners (“Bencis”).
Founded in Aldenhoven, Germany in 1990, Halex Group comprises of two businesses, Härtha Hardening Industries (“Härtha”) and Halex Extrusion Dies (“Halex”), and operates 12 sites in Germany, Italy, The Netherlands and Romania.
Härtha is a metal hardening and heat treatment provider with a comprehensive portfolio of highly value-added services for mission critical steel components used in various end-markets such as automotive, machine tooling, construction, aerospace and medicine. Halex engages in the development and manufacturing of complex steel dies for the aluminium extrusion industry. Both businesses serve a growing customer base diversified across geographies and end-markets, placing them among the market leaders in their respective industries in Europe.
Halex Group had been acquired by H2EP in 2013. Together with a strong central management team led by Sven Killmer, Roberto Lucato and Timo Roeskes, the Company has achieved substantial growth over the last years including a fourfold increase in its profits, benefitting from a turnaround of the central support functions, strong organic growth and performance improvement of the individual sites supported by value enhancing investments and add-on acquisitions.
Lincoln International acted as exclusive financial advisor to the seller, working closely with both H2EP and the Halex Group management team. Lincoln International led a tailored auction process including both (inter)national strategic investors as well as financial sponsors. The final purchase price reflects Halex Group’s unique strategic positioning in both businesses as well as the successful growth story achieved over the last years.
About Lincoln InternationalLincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and joint ventures and partnering advisory services on a wide range of transaction sizes. With nineteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm 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.