MCF advises Pumpenfabrik Wangen’s owners on the disposal of a majority stake to Silverfleet Capital
MCF advised a group of private shareholders in Pumpenfabrik Wangen (“Wangen”), a leading designer and manufacturer of high quality industrial pumps, on the disposal of their shares to Silverfleet Capital. With help from MCF, the transaction was completed within an extremely short timeframe.
The Deal
The deal was realised in the context of a growth financing strategy by Silverfleet Capital with the goal of enabling Wangen to continue its international growth, while further penetrating existing key end markets with new product portfolios, as well as diversifying across industries to win new customers in other segments.
The Target
Founded in 1969 and based in Wangen, Germany, the company is a market leader in the manufacture of progressing cavity as well as twin screw pumps that are suitable for highly viscous or abrasive substances as well as solid-fluid composites. Wangen offers a broad range of standard as well as customised pumps designed and manufactured in-house for specific uses. The company has an international distribution network, supplying clients including the Royal Navy (pumps for frigates), Schwarzkopf (hair care products) and the Wirtgen Group (road construction, a division of John Deere). Wangen manufactures products for four key end markets, namely: (i) biogas; (ii) food & beverage; (iii) agriculture; and (iv) wastewater treatment, and employs approx. 200 people. In 2017, Wangen expects to generate revenues of EUR 37 million.
Client Statement
Dr. Nico Brunner, managing shareholder of Wangen, said: “We are extremely pleased to have found a new owner for Pumpenfabrik Wangen, who not only has an excellent reputation but also the necessary expertise to further grow the business internationally. We are convinced that the combination of Silverfleet Capital as new owner and the existing and experienced management team will enable Wangen to achieve its full potential.”
