Von Granville Baird GmbH ("Granville Baird") verwaltete Fonds haben im Rahmen des Zusammenschlusses von Balzac Coffee GmbH & Co. KG, Hamburg ("Balzac Coffee"), mit World Coffee Company GmbH & Co KG, Hamburg ("World Coffee"), ihre Beteiligung an Balzac Coffee veräußert. Granville Baird wurde bei der Veräußerung exklusiv von Network Corporate Finance, Düsseldorf, beraten. Funds managed by Granville Baird GmbH ("Granville Baird") have divested their shareholding in Balzac Coffee GmbH & Co. KG, Hamburg ("Balzac Coffee") within the framework of the merger of Balzac Coffee and World Coffee Company GmbH & Co KG, Hamburg ("World Coffee"). Network Corporate Finance, Düsseldorf, acted as exclusive financial advisor to Granville Baird. Handel  Retail M&A Juli 2011  July 2011 Die Transaktion Die Gesellschafter von Balzac Coffee und World Coffee haben den Zusammenschluss der beiden Hamburger Gesellschaften zum 15. Juli 2011 beschlossen. Mit dieser Transaktion, bei der von Granville Baird beratene Fonds ihre gesamte Beteiligung an Balzac Coffee veräußert haben, schließen sich die beiden Pioniere der deutschen Coffee-Shop-Ketten zusammen und werden so ihr erfolgreiches Wachstum gemeinsam weiter fortsetzen. Nach Abschluss der Transaktion wird das kombinierte Unternehmen insgesamt 58 Coffee Shops in 18 deutschen Städten betreiben. Network Corporate Finance hat Granville Baird bei der Transaktion exklusiv beraten.   Transaction The shareholders of Balzac Coffee and World Coffee have decided to merge the two Hamburg based companies as of 15th July 2011. This transaction, during which funds advised by Granville Baird have divested their entire shareholding in Balzac Coffee, combines the two German coffee shop pioneers and enables them to further their successful growth story together. Upon closing of the transaction, the combined entity will operate 58 coffee shops in 18 cities in Germany. Network Corporate Finance advised Granville Baird exclusively on the transaction. Das Unternehmen Balzac Coffee ist die führende deutsche Coffee-Shop-Kette und betreibt derzeit 30 Shops in Hamburg, Berlin, Hannover und Lübeck. Mit einer etablierten starken Marke, einem hochwertigen Produktangebot und einem klaren Shop-Konzept verzeichnet das Unternehmen seit 2001 ein kontinuierliches Wachstum und beschäftigt derzeit ca. 400 Mitarbeiter. Weitere Informationen zu Balzac Coffee: www.balzaccoffee.com The company Balzac Coffee is the leading German coffee shop chain and currently operates 30 shops in Hamburg, Berlin, Hannover and Lübeck. Based on an established strong brand, a high-quality product portfolio and a clearly structured shop concept, the company has a strong growth record since 2001 and currently employs some 400 staff. For additional information on Balzac Coffee: www.balzaccoffee.com

Network Corporate Finance has advised the founders and today’s executive management on the sale of their entire equity participation in PRO:AKTIV^® Management AG, Munich, to Career Partner GmbH, Munich, a portfolio company of private equity sponsor AUCTUS Capital Partners AG.

Situation

The founders and executive managers Robert Dorandt and Gerd Pult planned to commence the company succession far in advance and in this context to divest up to 100% of their equity participation in PRO:AKTIV^® Management AG, which were indirectly held via the holding company Proaktiv Holding GmbH, Waarkirchen-Schaftlach. Both owners were willing to support the new shareholder for a limited time period in order to further implement the existing growth strategy next to transferring all operational responsibilities to the second level management.

The Company

PRO:AKTIV^® Management AG was founded in 1995 and today is renowned as premium partner for in-house and open management, sales and communication training courses. The international customer base comprises market-leading companies from the industrial, retail and services sector. The company currently is the sole provider world-wide offering with “Licence to Lead” a multi-independent certified on-the-job leadership training for young professionals.

Client

Proaktiv Holding GmbH, Waarkirchen-Schaftlach / Munich

Tasks and Services

Our services included the preparation and implementation of the transaction, the compilation of the transaction documentation, as well as the identification and approach of potential strategic and financial investors in the course of a controlled auction. We invited well-selected national and international industry players, prepared and managed the Due Diligence process with a limited number of interested parties, negotiated the key terms of the sale and purchase agreement and subsequently secured the implementation of the closing conditions according to the pre-defined time frame.

Network Corporate Finance successfully advised the company founder Thomas-Marco Steinle and his brother Jochem Steinle on the sale of their holding in adm Group to PREMIUMcommunications Group, a majority shareholding of Barclays Private Equity. 

 Transaction

Company founder Thomas-Marco Steinle and his brother Jochem Steinle have sold their holding in the adm Group, based in Mannheim and Berlin. The holding was sold to PREMIUMcommunications Group, a Switzerland-based company operating call centres and providing Business Process Outsourcing (BPO). The majority shareholder of PREMIUMcommunications is Barclays Private Equity.


Target company

The adm Group is one of the largest German call centre service providers and is considered the industry’s quality leader. The company employs approx. 2,000 staff at Anklam, Berlin, Mannheim and Rostock, who handle primarily in-bound services for medium-sized companies and large corporations.


Key facts

Transaction value: not disclosed
Sector: Call centre services
Sales: EUR 73 million (2009)
Employees: approx. 2,000
Date: July 2009


Clients

Thomas-Marco Steinle and Jochem Steinle, Berlin


The role of Network Corporate Finance

Network Corporate Finance advised the clients and the company on the structure and execution of the sales process. Following the preparation of the transaction documents, Network Corporate Finance approached selected strategic investors and financial sponsors within the framework of a supervised auction, coordi-nated the due diligence conducted by a limited number of interested parties, negotiated the economic aspects of the sale and purchase agreement and secured compliance with the closing conditions.

Network Corporate Finance has advised EastMerchant GmbH and the Heinrichs Investment Management Company on the sale of their holding in SachsenFonds Holding GmbH to the KanAm Group which specialises in international real estate transactions.

 Transaction

EastMerchant GmbH and the Heinrichs Investment Management Company have sold all of their 85.1% holding in SachsenFonds Holding GmbH, Haar near Munich, Germany, to the KanAm Group, a privately-run international group of companies, focusing on, among others, the issuing and asset management of closed-end and open-end property funds and special funds.

Target company

The SachsenFonds Group specialises in the conception, issuing and management of yield-oriented investments. The company group's range of funds includes investment offers for private individuals, as well as issues for institutional investors. Various classes of investments totalling 43 publicly-offered funds and 3 institutional funds have been initiated since the formation of the company in 1998. With a syndicated total capital of around EUR 1.7 billion, a managed portfolio of approximately EUR 4.7 billion and nearly 55,000 serviced investors, the SachsenFonds Group is currently one of the leading German funds initiators. In addition to the sites in Germany, the company group maintains subsidiaries in Australia, Poland and the Czech Republic.

Key facts

Transaction value: not disclosed
Sector: Financial services / investments
Sales: EUR 45 million
Employees: 120
Date: December 2007

Client

EastMerchant GmbH, Düsseldorf, is a 66.8% affiliated company of Landesbank Sachsen Aktiengesellschaft with headquarters in Leipzig, which has specialised in complex solutions in the area of asset based finance. Hans Heinrichs, one of the joint founding shareholders and now managing director of SachsenFonds Holding GmbH, is the sole shareholder of Heinrichs Investment Management Company.

The role of Network Corporate Finance

Network Corporate Finance exclusively advised the clients on the preparation and execution of the selling process. Following the preparation of the information memorandum, a management presentation and time frame, Network Corporate Finance, within the framework of a supervised auction, approached specific 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.

Network Corporate Finance advised KROMI Logistik AG, Hamburg, on the preparation and execution of an equity investment via capital increase by the Israeli IMC Group..

Transaction

The Israeli IMC Group (Iscar Metalworking Companies) acquires a share in the Hamburg tool management company KROMI Logistik AG via a 10% capital increase, with an exclusion of subscription rights. On completion of this PIPE transaction, IMC holds 9.09% of the company’s share capital. In addition, both companies have resolved to cooperate comprehensively at an international level.

IMC Group is an 80% majority shareholding of the US investment group Berkshire Hathaway with the remaining 20% being owned by the Wertheimer family. IMC operates in more than 65 countries and combines several well-known tool manufacturers under one roof, including Iscar, Ingersoll, Tungaloy, TaeguTec as well as highly specialised niche suppliers such as IT.TE.DI., Unitac, UOP, Wertec and others.

KROMI expects a significant expansion of its business potential and a strengthening of its international strategy as a result of the cooperation.


Target company

KROMI Logistik is listed in the Prime Standard segment of the German Stock Exchange, offering complete manufacturer-independent tool management (outsourcing the supply of precision tools) to national and international customers. This service focuses on technically demanding machining tools (wear and carrier tools such as drills) for metal and plastic machining. KROMI combines classical tool trading with decentralised tool management in the form of automatic dispensers in clients’ production areas and an IT-based tool management and controlling system.


Key facts

Transaction value: EUR 3.75 million
Sector: Service
Sales: EUR 40 million (2007 / 2008)
Employees: 90
Date: June 2009


Client

KROMI Logistik AG


The role of Network Corporate Finance

Network Corporate Finance advised KROMI Logistik AG on the preparation and execution of the transaction. Previously in 2007, Network Corporate Finance had advised on the company’s IPO on the Prime Standard segment of the Frankfurt Stock Exchange.

Network Corporate Finance advised FBV Friseurbetriebe- und Verwaltungsgesellschaft mbH in the placement of its shareholding in Essanelle Hair Group AG with institutional investors.

 

Transaction

In a secondary placement, FBV Friseurbetriebe- und Verwaltungsgesellschaft mbH sold its 16.56% shareholding (745,190 shares) in Essanelle Hair Group AG, Düsseldorf, Germany, to institutional and private investors.

Target company

With over 570 outlets and sales of 115 million EUR, Essanelle Hair Group AG is the German hairdressing chain with the highest turnover. With a total of 5 different salon concepts, Essanelle serves over 7 million clients per year. Essanelle has been listed since 2001.

Key facts

Transaction value: not disclosed
Sector: Service
Sales: EUR 115 million
Employees: 3,780
Date: September 2005

Client

FBV Friseurbetriebe- and Verwaltungsgesellschaft mbH is one of the leading international suppliers of hair-care products and perfumes. The company, which is represented in over 150 countries worldwide and employs a total of 17,040 personnel, achieved sales of 1,550.0 million Euro in the 2004 abridged business year comprising the months of January to June.

The role of Network Corporate Finance

Network Corporate Finance examined various exit options for FBV Friseurbetriebe- und Verwaltungsgesellschaft mbH and advised the clients on the sale.

 

Network Corporate Finance advised fund holders serviced by Halder Beteiligungs GmbH in connection with the placement of their shareholding in Essanelle Hair Group AG with institutional investors.