Frankfurt/ Stuttgart/ Göteborg – Investment AB Latour has, through its wholly owned company Latour-Gruppen AB, acquired 66.1 percent of the shares in Neuffer Fenster + Türen GmbH in Stuttgart, Germany. The transaction will be completed on January 1st 2016.
Neuffer Fenster + Türen GmbH sells windows and doors online through its established e-commerce portals. Neuffer shows considerable growth through a strong position in its growing niche. Latour and the founder Philipp Neuffer will jointly continue to drive the growth of the company, e.g. through geographical expansion.
„Having carefully examined and evaluated multiple strategic options, we are happy to have found a perfect partner for our client Neuffer / fenster.com to further drive the growth of the company“, says Dr. Ingmar Ackermann, Managing Partner ACXIT Capital Partners (Foto), on the transaction. ACXIT Capital Partners acted as exclusive financial advisor to Neuffer Fenster + Türen GmbH in this transaction.
The acquisition will be regarded as another investment directly under Latour. As in all their investments, Latour will take an active ownership role in the company. This is a further step for Latour into the digital world in a category that is close to many of their current investments. They foresee that Neuffer will contribute with valuable digitalization knowledge to their other businesses in the future. Neuffer has 24 employees and an expected turnover of EUR 13 million in 2015 and shows a profitability of 3 percent in a strong growth phase.
Philipp Neuffer, CEO of Neuffer Fenster + Türen GmbH contently states: „I was impressed by the outstanding process management and M&A dealmaking capabilities of Dr. Ingmar Ackermann and his team from ACXIT Capital Partners.“
Neuffer Fenster + Türen GmbH was founded in 1872 by Ludwig-Ulrich Neuffer in Stuttgart, Germany. Now in the fifth generation since its foundation under its Managing Director Philipp Neuffer the company sells windows and doors through its established online shops fenster.comand www.fensterversand.com (Germany), www.fenetre24.com (France) and www.fönster24.com (Sweden). Several new international online shops will soon be launched to further strengthen the company’s leading position in window and door e-commerce.
Investment AB Latour is a mixed investment company whose comprehensive business concept is to invest with a long-term perspective in sound companies that have their own products and that are considered to have a major internationalization potential. Latour’s operations are primarily operated in two business lines: the wholly owned industrial operations and an investment portfolio of listed holdings. In addition to the two principal business lines, Latour also owns a number of part-owned unlisted operations with good future prospects. (www.latour.se)
ACXIT Capital Partners is a leading international corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and abroad. Since 1998 we offer our clients comprehensive corporate finance advisory services including M&A, capital markets as well as restructuring and strategic advisory. As an independent, privately owned firm we maintain offices in Frankfurt, Berlin, Munich, Zurich, Vienna, Hong Kong as well as strong alliances in China, India and USA.
Until today we have completed almost 300 transactions with a total deal/financing volume of approx. EUR 15bn. Our clients are corporations, family-owned businesses and entrepreneurs, financial sponsors and family offices. While our home market is in the German speaking region, most clients are international and transactions cross-border. (www.acxit.com)