Successful sale of Holzwerke Pfarrkirchen by LEO II. Fund to DEBA

Munich, January 2nd, 2023 – The investment fund Lenbach Equity Opportunities II. GmbH & Co. KG (“LEO II. Fund”), exclusively advised by DUBAG Group in Munich (“DUBAG”), has successfully sold its 100% stake in Holzwerke Pfarrkirchen GmbH (“HWP”) to the Munich based DEBA Group (“DEBA”) with closing today.

About HWP:

Holzwerke Pfarrkirchen GmbH is one of the leading suppliers of premium timber construction products with a focus on solid structural timber (KVH®). Glued laminated timber (glulam and laminated beams) and scaffold panels complete the comprehensive product range. Since its founding in 1939, the company has been producing at the site of Pfarrkirchen on more than 72,800 square meters, employs around 110 people and generated a total output of EUR 65 million in 2021.

In March 2020, Holzwerke Pfarrkirchen GmbH was acquired by the LEO II. Fund from the stock listed Stora Enso Oyj group. The separation from the group and the establishment of independent, medium-sized structures were successfully completed in less than a year. In addition, since the takeover by the LEO II. Fund, significant investments have been made in the sustainability of the location. Examples of this are the acquisition of a MICROTEC GOLDENEYE scanner based on artificial intelligence and the construction of an environmentally friendly combined heat and power plant with its own power generation, which is currently being implemented. The digitalisation of all processes, from order management to scheduling, has also always been a focus and has contributed to the company’s leading position in the industry.

“We are very happy about the continuously successful development of HWP since it was taken over by the LEO II. Fund. We are particularly pleased that with the DEBA Group, led by Dr. Heckelmann, there is now a new owner who will continue this successful development at the site, investing further in sustainable building materials of the future,” says Christoph Moedder, partner of the DUBAG Group and managing director of the LEO II. Fund.

About LEO II:

The LEO II. Fund was launched in 2019 by the initiators and with capital commitments from institutional investors to acquire and strategically reposition companies in special situations. The takeover of units from listed groups is one of the most common special situations in which the LEO II. Fund, exclusively advised by DUBAG Group (www.dubag.eu), is involved.

About DEBA:

The DEBA Group, headquartered in Munich and managed by Dr. Sebastian Heckelmann, has been successfully active as a property developer, especially of residential real estate, since the 1960s. Since 2004, the DEBA Group has concentrated on existing properties and their further development. Long-term and continuity have always been a maxim of the DEBA Group’s entrepreneurial activities.

“Building houses is the original business of the DEBA Group. Now we want to invest in a traditional building material that has a bright future because it is climate-friendly and can be processed efficiently. The acquisition of Holzwerke Pfarrkirchen offers us many opportunities to take advantage of the chances of a growing market. We would like to thank the LEO II. Fund, advised by DUBAG Group, for the extraordinarily fast and convincingly successful carve-out from the Stora Enso Group. In the future, we would like to continue the good tradition of the long-term oriented company, which the Wimmer family started with the foundation of a sawmill in 1939,” says Dr. Sebastian Heckelmann, Managing Director of DEBA Group.

As part of the sale, the LEO II. Fund, in addition to DUBAG Group, was advised by:

Corporate Law: Heuking Kühn Lüer Wojtek / Dr. Andreas Lenz (Cologne)
Tax Law: taxess / Boris Meissner (Frankfurt am Main)
Corporate Finance: DZ Bank / Dr. Wolfgang Wybranietz (Frankfurt am Main), Alex Brozmann (Hamburg)
Commercial: Maconda / Dr. Rainer Mayer (Cologne)

Contact LEO II. Fund / DUBAG Group:

DUBAG Group Ottostrasse 1
80333 Munich
tel: +49 89 45 209 45 0 email: contact@dubag.eu www.dubag.eu

In the course of the acquisition, DEBA Group was advised by, among others:

Baker Tilly (Munich) / Stephan Zuber (Corporate Law, M&A), Friedrich Wamsler (Tax Law) and Stefan Greger (Financial)
Success-ion (Steinreb) / Dr. Peter Konrad (Corporate Finance)

Contact DEBA Group:

DEBA Asset Management 1 GmbH Dr. Sebastian Heckelmann Höchlstrasse 2
81675 Munich