– Framas Family shareholders and Management purchase shares
– Biggest exit for HeidelbergCapital to date
– Value increase through partnership-based private equity model
Heidelberg, 13th February 2012 – The Private Equity Funds Group HeidelbergCapital, founded in 2007, has successfully closed the biggest exit of its current fund by selling its shares in Framas Kunststofftechnik GmbH. In a structured sales process, Framas management and family shareholders prevailed. The parties agreed not to disclose the purchase price. The transaction was supported by the corporate finance advisory firm C.H.Reynolds, Frankfurt, the law firm P+P Pöllath + Partners, Munich and PricewaterhouseCoopers, Düsseldorf.
With the sale of the Framas shares, HeidelbergCapital has now divested 11 of its current shareholdings. HeidelbergCapital acquired the shares in Framas from the Private Equity firm 3i at the beginning of 2008. Framas develops and produces components for the sports footwear sector and is globally a leading manufacturer of high-tech injection-moulded soles. With worldwide seven production sites, mostly in Asia, and 3,200 employees, the company reached a turnover of over USD 150 million in 2011. Its main customers are Adidas and Nike as well as other leading shoe producers. HeidelbergCapital provided active support for Framas“ expansion strategies, which included continuous international growth and the setting up of R&D centres in South Korea and Germany.
„In a relationship of cooperation and mutual trust with the management and the co-shareholders we have not only jointly succeeded in steering the company through economically difficult times, but moreover in constantly developing and internationalising it. Once again, we have proven that our philosophy of active involvement as shareholder works,“ said Prof. Dr. Martin Weiblen, Managing Partner of HeidelbergCapital.
Framas-CEO Andreas Wolf added: „HeidelbergCapital cooperated with us in a partnership-based, constructive and target-orientated way, and was always on hand with help and advice for all relevant questions concerning our active expansion strategy. Now we face a new stage of development in order to exploit the highly promising market opportunities of our high-tech products and recent product developments.“
Transaction Team:
HeidelbergCapital: Prof. Dr. Martin Weiblen, Florian Festner
C.H.Reynolds: Stefan Constantin, Robert Kraska, Nathaliya Kuhle, Daniel Hochmuth
P+P Pöllath + Partners: Dr. Michael Inhester, Dr. Marco Eickmann
PricewaterhouseCoopers: Dr. Christian Wulff, Markus Oeken
Company Location:
HeidelbergCapital
Asset Management GmbH
Alte Glockengießerei 9
69115 Heidelberg
Germany
www.heidelbergcapital.de
Contact:
Cortent Kommunikation AG
Gerd Rückel
Tel: 069/5770 300 31
Email: gerd.rueckel@cortent.de
About HeidelbergCapital:
HeidelbergCapital is an independent Private Equity Funds Group, founded in 2007. Funded by the global NYC-based Private Equity Investor Auda, HeidelbergCapital specializes in the secondary direct investment market. The investment focus ranges from equity stakes in young companies to established medium-sized companies. As an active partner, HeidelbergCapital supports companies in their strategic decisions and provides funding for further growth.
HeidelbergCapital ist eine 2007 gegründete unabhängige Beteiligungsgesellschaft. Finanziert von dem in New York, USA, ansässigen globalen Private Equity-Investor Auda, spezialisiert sich HeidelbergCapital auf den Markt der Secondary Direct Investments. Der Anlagefokus erstreckt sich dabei von Beteiligungen an jungen Unternehmen bis hin zu etablierten mittelständischen Unternehmen. Als aktiver Partner unterstützt HeidelbergCapital die Unternehmen bei strategischen Entscheidungen und stellt Kapital für weiteres Wachstum bereit.
Kontakt:
HeidelbergCapital
Gerd Rückel
Alte Glockengießerei 9
69115 Heidelberg
069 – 5770 300 31
www.heidelbergcapital.de
gerd.rueckel@cortent.de
Pressekontakt:
Cortent Kommunikation
Gerd Rüpckel
Clemnsstr. 3
60487 Frankfurt
gerd.rueckel@cortent.de
069-577030031
http://www.cortent.de