Archive for category: News

In 2020, our LEO II Fund – advised by DUBAG – acquired Holzwerke Pfarrkirchen from the Finnish-Swedish conglomerate Stora Enso. The DUBAG team conducted the carve-out of the producer and distributor of structural/construction timber, establishing Holzwerke Pfarrkirchen as a successful stand-alone entity.

Watch our Operations Executive Dr. Oliver Bensch and the DUBAG Partner and Head of Operations Florian Hitzer share their experiences with the carve-out of Holzwerke Pfarrkirchen.

A short video about a long-term success story:

 

About Holzwerke Pfarrkirchen:

Holzwerke Pfarrkirchen in Pfarrkirchen is a premium construction timber supplier, with a team of 100 wood enthusiasts is ready to meet the customers’ every need, combining outstanding service with consistently high product quality. A production capacity of 175,000m³ p.a., advanced, high-tech plant and sophisticated warehouse logistics, enable Holzwerke Pfarrkirchen to process individual customer requests quickly and flexibly. Learn more about Holzwerke Pfarrkirchen here.

Munich, October 6th, 2022 –Lenbach Equity Opportunities II. GmbH & Co. KG (LEO II Fund), which is being advised exclusively by DUBAG Group, has signed a contract to acquire Vitesco Technologies’ catalysts and filters business, Emitec. The acquisition of Emitec – a company focused on the manufacturing of catalysts and filters for the automotive industry, contributing to the purification of exhaust gases from internal combustion engines – marks a new, independent beginning for the company that celebrated its 35thanniversary this year.  

The current management team, all 940 employees as well as all sites (Lohmar and Eisenach in Germany and Pune in India) will be taken over. The intended transaction is expected to close in the first half of 2023 and is subject to regulatory approvals being granted and fulfilment of other customary closing conditions. 

Rolf Brueck, Vice President Catalysts and Filters is convinced that the transaction will have exclusively positive effects for all partners: ” The pace of regulation varies from one region to another. This calls for a great deal of flexibility on the part of the industry. As an independent company, we will have more freedom to react quickly and individually to the many different requirements. We will be able to better position ourselves globally as an important partner for clean electrified combustion. In addition, we have the possibility to strengthen our activities in the non-Automotive sector.” 

DUBAG is looking forward to welcoming Emitec to our portfolio. We are convinced that Emitec, once again becoming an independent legal entity – as it was prior to its acquisition by Continental AG in 2014 – will be able to exploit its full potential to continue to grow with a focused and competitive product portfolio as an important partner for the automotive industry. 

 

The closing of the transaction  on July 1, 2022 marks the successful carve-out of the chain drive business from former owner Schaeffler. The business unit consisting of 9 sites and 560 employees, is now operating under the branding Catensys.   Read more

On April 1^st 2022, Raphael Marold joined the DUBAG team as Investment Analyst.

After his Bachelor studies, he pursued a distinctive double degree Master program, graduating with a Master of Science in Management & Technology from the Technical University of Munich and with the Grand Ecole Master in Management (specializing in International Finance, Majeure Finance) from the HEC Paris.

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• LEO II Fund, exclusively advised by DUBAG Group, commits to taking over nine sites with 560 employees
• The transaction underlines the expertise of DUBAG and LEO II in successfully handling complex carve-outs from listed companies
• Current Schaeffler management team of the business division will join the new company
• Modern and environmentally friendly hybrid drives will play an important role in individual mobility as well as in the achievement of ambitious climate goals

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