Steadfast Capital acquires a stake in the BUK Group

22. July 2019

Frank­furt am Main/ Eppin­gen — With the aim of support­ing the further deve­lo­p­ment of the company, Stead­fast Capi­tal Fund IV SCS, SICAV-RAIF has inves­ted in BUK Group (BUK). The BUK Group compri­ses BUK Kunst­stoff­tech­nik GmbH and EMG GmbH, both based in Eppin­gen (Baden-Würt­­te­m­­berg), UHB Kunst­stoff­tech­nik GmbH, based in Bohmte (Lower Saxony), and the Group’s tool­ma­king opera­ti­ons. The parties have agreed not to disc­lose the terms of the investment.

BUK is a leading manu­fac­tu­rer of high-precis­­ion injec­tion molded engi­nee­ring plas­tic parts for custo­mers in a variety of indus­tries. The manu­fac­tu­red parts are used, among others, in hand tools, water fittings and house­hold and elec­tri­cal appli­ances. In addi­tion to parts manu­fac­tu­ring, BUK main­ta­ins its own tool shop and offers its custo­mers compre­hen­sive assem­bly services. Toge­ther with Thors­ten Ulbrich, who conti­nues to hold a signi­fi­cant stake in BUK, Stead­fast Capi­tal will drive the further deve­lo­p­ment of the group, both in terms of person­nel and strategy.

Marco Berne­cker, Mana­ging Part­ner of Stead­fast Capi­tal GmbH: ” We are looking forward to working with an excel­lent entre­pre­neur and his manage­ment and to support the successful further deve­lo­p­ment of BUK. Given its focu­sed product offe­ring in various end markets, as well as its tech­no­lo­gi­cal exper­tise and state-of-the-art produc­tion proces­ses, we are convin­ced that the company will have excel­lent growth oppor­tu­ni­ties in the future.”

Natio­nal­bank Essen and Olden­bur­gi­sche Landes­bank are support­ing the tran­sac­tion with acqui­si­tion finan­cing and a working capi­tal loan.

About the BUK Group
Foun­ded in 1985 and taken over by Thors­ten Ulbrich in 1996, the group of compa­nies specia­li­zes in the produc­tion of sophisti­ca­ted tech­ni­cal plas­tic molded parts (indi­vi­dual parts and assem­blies) based on state-of-the-art injec­tion molding machi­nes. The product range extends from high-precis­­ion plas­tic parts for small elec­tri­cal devices (e.g. grin­ding tools) to complex assem­blies for high-pres­­sure pumps and venti­la­tion and cooling devices. BUK supports its custo­mers from the deve­lo­p­ment of new products, through pre-series to serial produc­tion by means of custo­mi­zed injec­tion molds and state-of-the-art produc­tion processes.

Stead­fast Capital
Stead­fast Capi­tal is an inde­pen­dent private equity invest­ment company focu­sed on medium-sized compa­nies in German-spea­king Europe and the Bene­lux count­ries. Our funds invest in medium-sized compa­nies and provide equity capi­tal for busi­ness succes­si­ons, manage­ment buy-outs and growth financing.

Stead­fast Capi­tal was foun­ded in 2001 and has since pursued a successful, value-driven stra­tegy of inves­t­ing in profi­ta­ble compa­nies across a wide range of indus­tries. Stead­fast Capi­tal Fund IV bene­fits from the finan­cial support of the Euro­pean Union under the Euro­pean Fund for Stra­te­gic Invest­ments (“EFSI”) estab­lished under the Invest­ment Plan for Europe. The purpose of the EFSI is to support the finan­cing and imple­men­ta­tion of produc­tive invest­ments in the Euro­pean Union and to ensure better access to finance.

Shear­man & Ster­ling advi­sed NATIONAL-BANK AG and Olden­bur­gi­sche Landes­bank Akti­en­ge­sell­schaft (OLB) on the finan­cing of the acqui­si­tion of BUK Group by Stead­fast Capital.

NATIONAL-BANK AG is one of the leading inde­pen­dent regio­nal banks in Germany for discer­ning private and corpo­rate custo­mers and medium-sized insti­tu­tio­nal investors.

OLB is a modern finan­cial group that, in addi­tion to its core busi­ness of retail and corpo­rate custo­mers, also offers custo­mi­zed, one-stop solu­ti­ons for complex finan­cial issues throug­hout Germany. She is a leading arran­ger in the German-spea­king LBO market.

About Shear­man & Sterling
Shear­man & Ster­ling is an inter­na­tio­nal law firm with 23 offices in 13 count­ries and appro­xi­m­ately 850 lawy­ers. In Germany, Shear­man & Ster­ling is repre­sen­ted at the Frank­furt office. The firm is one of the inter­na­tio­nal market leaders in advi­sing on complex cross-border tran­sac­tions. World­wide, Shear­man & Ster­ling prima­rily advi­ses inter­na­tio­nal corpo­ra­ti­ons and large natio­nal compa­nies, finan­cial insti­tu­ti­ons, and large mid-sized companies.

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