Carve-out: Kairos Industries buys DELFINGEN DE-Münchberg

Photo: Michael Euch­ner, Part­ner at Ebner Stolz, accom­pa­nied the entire M&A process
11. August 2021

Stutt­gart — Leading French auto­mo­tive supplier Delfin­gen has sold its Tech­ni­cal Belts & Straps Divi­sion, DELFINGEN DE-Münch­­berg GmbH to Kairos Indus­tries in a carve-out. The audit and consul­ting firm Ebner Stolz advi­sed the seller Delfin­gen on this transaction.

DELFINGEN DE-Münch­­berg GmbH is an inno­va­tive manu­fac­tu­rer of tech­ni­cal texti­les from Münch­berg (Bava­ria). The product port­fo­lio of the company from Upper Fran­co­nia includes nume­rous narrow fabrics, espe­ci­ally tech­ni­cal belts and tapes, which the company offers in various indus­tries. Since the tran­sac­tion, the company has been opera­ting under the old and fami­liar name ‘MBG Tech­belt Inno­va­tion GmbH’ (MBG). The aim is to conti­nue and further deve­lop the manu­fac­tu­rer of tech­ni­cal belts and straps as an inde­pen­dent company.

The buyer is Kairos Indus­tries AG, an indus­trial holding company from Berlin that specia­li­zes in acqui­ring compa­nies in special situa­tions and wants to deve­lop the tradi­tio­nal company in the long term. Kairos’ legal advi­sor was HEUSSEN Rechts­an­walts­ge­sell­schaft mbH.

With the acqui­si­tion of the Schlem­mer Group’s Euro­pean and Afri­can busi­ness last year, the Delfin­gen Group streng­the­ned its core busi­ness and the inte­gra­tion of the acqui­si­tion came to the fore. The focus conso­li­da­tes Delfingen’s posi­tion as a specia­list for insu­la­tion of liquid-carry­­ing and elec­tri­cal systems in the engine compart­ment of vehicles.

DELFINGEN DE-Münch­­berg was sold as part of a carve-out process. The current manage­ment will remain with the company in an advi­sory capa­city for a tran­si­tio­nal period in order to ensure the hando­ver of busi­ness opera­ti­ons. Both parties have agreed not to disc­lose details of the transaction.

Ebner Stolz accom­pa­nied the entire M&A process from inves­tor search and tran­sac­tion prepa­ra­tion to market approach and inves­tor talks. Delfin­gen was advi­sed by Taylor Wessing on the final purchase agree­ment nego­tia­ti­ons and rela­ted agreements.

Team Ebner Stolz:
Michael Euch­ner (Part­ner, Corpo­rate Finance/M&A), André Laner (Prin­ci­pal, Corpo­rate Finance/M&A), Sebas­tian Rehmet (Consul­tant, Restructuring/M&A), Phil­ipp Dille (Consul­ting Analyst, Corpo­rate Finance/M&A)

Team Taylor Wessing: Dr. Chris­tian Traichel (Part­ner), Dr. Rebekka Krause (Part­ner), Chris­tian Dietz (Asso­ciate)

Team HEUSSEN: Robert A. Heym (Part­ner in Lead, Corporate/M&A), Philip Herbst (Part­ner, Employ­ment), Kilian Knes­tel (Asso­ciate, Corporate/M&A)

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