Hydratec Industries sells Mobility from Helvoet to Callista
Munich / Vienna / Amersfoort (NL) — The listed industrial holding company Hydratec Industries N.V. (“Hydratec”) has sold the European mobility business of its wholly-owned subsidiary Helvoet Groep to Callista Asset Management 34 GmbH (“Callista”). The transaction includes the Helvoet companies in Belgium and Poland and is part of a strategic realignment of Hydratec. — MP Corporate Finance advised Hydratec exclusively and comprehensively on the sale and in particular assisted in managing the auction process and structuring the transaction. The transaction marks the 78th successful transaction in the automotive & mobility sector for MP Corporate Finance.
Dutch Helvoet Group streamlines portfolio
Helvoet Groep is an international supplier of precision components made of engineering polymers with a long-established market position in the mobility sector. The European mobility business sold as part of the transaction represents around one third of Helvoet’s sales. The Group has strong engineering expertise and an established production presence in Western and Eastern Europe. Hydratec, the listed Dutch parent company (Euronext Amsterdam, ticker: HYDRA), is divesting its European Mobility activities in order to focus more strongly on its core activities.
Specialized carve-out investor pursues growth strategy at Helvoet
The buyer of the European mobility activities is Callista Asset Management 34 GmbH, an investment vehicle belonging to the Callista Group. The Callista Group, based in Munich, is a private equity investor specializing in carve-outs and transformation. The competitive position of Helvoet Belgium and Helvoet Poland is to be sustainably expanded through targeted operational measures and the strengthening of existing customer relationships.
Portfolio streamlining and carve-outs are defining trends in automotive M&A
The transaction is an example of a development that MP Corporate Finance is increasingly observing in the European automotive market: Industrial groups are making targeted use of divestments to sharpen their strategic profile and sustainably increase shareholder value. MP’s team of experts navigated through a complex situation in the structural challenges of the automotive market.
“The current M&A environment in the automotive industry is characterized by structural change, selective activity and a clear focus on portfolio optimization. Carve-outs have established themselves as a trend and are at the center of the strategic realignment of many OEMs and suppliers. In this challenging environment, we were able to achieve a very good result for Hydratec through intelligent deal structuring and tight management of the auction process,” explains Christopher Bräuer, Managing Director & Shareholder at MP Corporate Finance.
“MP provided us with excellent support throughout the entire carve-out process from start to finish. MP’s in-depth automotive expertise, combined with its many years of carve-out experience, ensured a smooth process and led to the desired result,” commented Bart Aangenendt and Everien Slijkhuis, Co-CEOs of Hydratec.
About MP Corporate Finance
MP Corporate Finance is the leading international M&A consultancy specializing in the industrial sector. As an experienced partner, MP supports medium-sized companies and management teams, private equity decision-makers as well as entrepreneurial confidants in complex transactions on both the sell and buy side and provides support in the context of capital procurement, buy-and-build strategies, carve-outs or throughout the entire private equity lifecycle. MP was founded in Vienna in the 1990s by Roman Göd and Gregor Nischer as the first European M&A firm with a sector-focused advisory approach. Today, the company employs more than 85 experienced hands-on experts at five locations worldwide — in Vienna, Frankfurt, London, Istanbul and Chicago — making it the largest industrial M&A team in Europe. With its unique sector focus, MP has successfully advised on more than 700 industrial transactions involving investment companies, SMEs and corporations. Further information can be found at www.mp-corporatefinance.com
About Hydratec Industries N.V.: https://www.hydratec.nl
About Helvoet: https://helvoet.com/
About Callista: https://www.callista-pe.de/