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21 Oct 2020

MCF supports Heylo on the sale to Dantherm Group

Heylo GmbH (“Heylo”), a renowned German specialty mobile air handling systems supplier, has been acquired by Denmark-based Dantherm Group A/S (“Dantherm Group”), a portfolio company of the Swedish private equity investor Procuritas Capital. MCF acted as adviser to Heylo and facilitated the transaction through its proven ability to successfully originate and execute transactions involving family-owned companies.

"MCF has provided us with valuable support throughout the entire process, leveraging their deep industry knowledge and excellent project management skills."

Thomas Wittleder

CEO at Heylo

The Deal

Heylo enjoys an excellent reputation in the mobile air handling systems industry and has a leading position in the upper end of the market. As part of Heylo’s ongoing succession planning, MCF identified suitable partners to foster further growth while also ensuring to find a new “good home” for the company and its employees. With Dantherm Group, Heylo will gain a strong partner with technologic expertise and a global footprint to further drive growth and internationalisation. Through this transaction, Dantherm Group will add a strong quality brand to its current portfolio and further strengthen its international presence.

The Target

Heylo is a well-known specialty mobile air handling systems supplier and established quality German brand. Headquartered in Achim, the company has approx. 40 employees, and has strategically positioned its product portfolio to serve attractive niche markets, such as renovation and restoration. Sales are predominantly generated in the DACH-Region, where Heylo has excellent client relationships and access to key decision makers facilitated by an experienced and efficient sales force.

Client Statement

Thomas Wittleder, CEO at Heylo, said: “I am happy that Dantherm is the new owner of Heylo, giving the company I joined close to 30 years ago, further opportunities to grow in and outside of Germany. MCF has provided us with valuable support throughout the entire process, leveraging their deep industry knowledge and excellent project management skills.”

About Dantherm Group

Dantherm Group is a leading provider of portable and installed climate control products and solutions. The group companies have more than 60 years of experience in designing and manufacturing high quality and energy efficient equipment for heating, cooling, drying and ventilation for a wide range of mobile and installed applications. Procuritas Capital acquired Dantherm Group in January 2016 and has since then successfully executed its Buy-and-Build strategy with multiple acquisitions in the past years.