#BAVARIA

Network Corporate Finance successfully advised the founder family Herrmann and the managing directors of the company on the sale of Bavaria Yachtbau GmbH to Bain Capital.

#Key data

Industry: Industrials
Client: BAVARIA
Project type: M&A
Description: Sale to financial investor
Date: June 2007

Transaction

With effect from 1st August 2007, the investment fund holders advised by Bain Capital Beteiligungsberatung GmbH, Munich, together with the former, long-serving managing director and founder Winfried Herrmann, have purchased a 100% share in Bavaria Yachtbau GmbH based in Giebelstadt near Würzburg.

 

Target Company

Bavaria Yachtbau GmbH is one of the largest firms of yacht builders, with the world’s most extensive production facilities for the construction of both sailing and motor yachts. With 620 employees, the boat yard at Giebelstadt built around 3500 yachts in the previous fiscal year 2005/2006 (as at 31st July), which generated sales of EUR 271 million.

 

Key facts

Transaction value: not disclosed
Sector: Yacht building
Sales: EUR 271 million
Employees: 620
Date: June 2007

 

Clients

The Hermann founder family and company’s managing director, Winfried Herrmann.

 

The role of Network Corporate Finance

Network Corporate Finance advised the clients and the company on the preparation and execution of the selling process. Following the preparation of the transaction documents, Network Corporate Finance, within the framework of a supervised auction, approached specific, internationally-known strategic investors and financial investors, provided the due diligence to a limited number of interested parties, discussed the economic key points of the sale and purchase agreement, and finally, ensured compliance with the closing conditions.

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