Perusa Fund divests Buderus Feinguss
Munich / Moers – Perusa Partners Fund 1, LP has sold its interest in the Buderus Feinguss Group (BFG, consisting of five entities in four locations in Europe) to Impro Europe S.à r.l., a subsidiary of Chinese investment casting giant Impro Precision Industries Limited.
BFG is a leading German investment casting producer, serving a variety of blue-chip customers in the automotive, general machining, aerospace, electronics, and medical sectors with a focus on complex geometries and special metal alloys.
BFG perfectly complements the Impro Portfolio
„Perusa has supported BFG during rough times of the general crisis of 2008/2009 with substantial resources. Now this investment has paid off for the group, its employees, and also the former and new shareholders, as BFG today is well positioned in the market and financially sound. With Impro’s technical, financial, and human resources, BFG will be able to capture the opportunities in the European arena, and the combined group will become a global leader in investment casting. Being a former Managing Director of BFG myself, I wish the group and all its stakeholders all the best for the future” says Dr. Hanno Schmidt-Gothan, one of the partners of Perusa GmbH, which acted as adviser to the sellers.
Dr. Stephan Beller, former Managing Director of BFG parent company Precision Foundry Group GmbH, adds: “The divestment of BFG to Impro as a strong and dedicated strategic investor is a perfect strategic match for both parties and a good example for a win-win situation.”
Juergen Boeing, Managing Director of BFG, states: “We are grateful for the substantial support we received from Perusa over the last few years, which significantly increased BFG’s productivity and competitiveness, and we are excited about the opportunities ahead with our new shareholders.”
KPMG (Frankfurt), PSP (Munich), and Norton Rose LLP (Munich) acted as advisers to the Sellers.
* * *
Perusa Partners Fund 1, L.P. (www.perusafund.gg) is a leading investor with a focus on special situations and buy-and-build strategies in the mid-market. Related portfolio companies of Perusa’s casting portfolio formerly included BFG sister companies Buderus Kanalguss GmbH (until 2008), Guss Komponenten GmbH (until 2009), and currently gb Implantat GmbH.
Perusa is an independent capital holding company, which currently has two funds with 350 million euro equity investing in medium-sized companies and Group divisions in the German or Scandinavian area. Perusa is pursuing a strong operational approach to increase the efficiency and thus the long-term value as well as the potential of the portfolio companies. Strategic acquisitions (buy and build strategy) are also striving to strengthen the growth of the portfolio companies.
Dr. Hanno Schmidt-Gothan
Telefon: +49 89 2388789-0
VOCATO public relations
Telefon: +49 2234 60198 17