Perusa invests in MÜPRO
Guernsey / Wallau, Burgbernheim (Germany), 29 January 2018 – Perusa Partners Fund II L.P. and co-investors have acquired Secura Industriebeteiligungen AG including MÜPRO-Group and UBB GmbH effective 23 January 2018.
MÜPRO Group is a leading provider of building technology solutions for fixing, sound insulation and fire protection applications with annual revenue of 95 million EUR. Its products and solutions are part of many commercial and residential buildings, industrial plants, and aboard ships, especially for the installation of heating, air conditioning and ventilation equipment.
The investment will support MÜPRO-Group`s long term international growth and help it focus on its core competencies of engineering, development, consulting, and project support.
As of February 2018, the previous owner, Mr. Harald Mueller, and certain individuals of the previous Secura management team will focus on their newly founded SYMBIONET AG, with its digital products and services directed at medium sized businesses. SYMBIONET`s competence is in sales support software, software platforms, automated logistics services, online distribution and marketing services. The foundation for this digital business model was laid in previous years in the course of Secura Group`s digitization.
Dr. Christian Hollenberg, MD of the advisor Perusa GmbH, explains: “MÜPRO has an impressive history as the leading competitor in its market. In the future, MÜPRO intends to focus on its core competencies of engineering, consulting, project support and production of high quality fixing technology.” The previous owner Mr. Harald Mueller says: “This transaction provides MÜPRO with the additional resources to execute on its strategy long term. Both groups – MÜPRO and SYMBIONET – will now be able to grow their respective business models profitably.”
The buyer Perusa Partners Fund II L.P. and its co-investors were advised by KPMG (commercial), Deloitte (financial, tax), Guett Olk Feldhaus (legal), Valleé & Partner (logistics) und TÜV Sued (environment). Network Corporate Finance acted as Debt Advisor in raising and structuring the acquisition financing.
Credit Suisse acted as sole Mandated Lead Arranger and Underwriter in relation to a 54 million EUR financing package backing the acquisition of Secura Industriebeteiligungen AG by Perusa.
Secura Industriebeteiligungen AG and the seller were advised by ZETRA International, Zurich (exclusive M&A Advisor), Froriep Legal, Zurich (legal), Luther Rechtsanwaelte, Frankfurt (legal), and Tax Partner, Zurich (tax).
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
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