Business Development Asia LLC (“BDA”) is pleased to announce that Bavaria Industriekapital AG has agreed to sell its portfolio company, Kienle+Spiess GmbH (“K+S”) to Sumitomo Corporation (“Sumitomo”). BDA served as joint financial advisor with its strategic partner and affiliate William Blair & Company.
K+S is the leading European developer and manufacturer of custom components for electric motors and generators that are sold into various end markets, mainly for industrial applications and regenerative energy. K+S is one of the world’s largest independent producers of electrical laminations and its technical expertise enables the Company to optimize the energy efficiency of both small and large series motors / generators by supplying the most sophisticated laminations available. The company reported sales of EUR 231 million in 2011. The transaction is subject to various antitrust approvals.
Sumitomo engages in multifaceted business activities, selling a variety of domestic products and services, conducting import / export and trilateral business transactions, providing domestic and international business investment, and participating in numerous other profitable activities facilitated by their global network and the relationships of trust built with corporate business partners and consumers in various industrial sectors around the world.
BDA Deal Team
Andrew Huntley, Senior Managing Director, London
Noriyuki Sonoda, Executive Senior Advisor, Tokyo
Jeff Acton, Managing Director, Tokyo
About Bavaria Industriekapital AG
Bavaria Industriekapital AG operates as an industrial holding company in Germany and internationally. It specializes in the takeover and restructuring of companies with clear improvement potential. The company was founded in 2002 and is headquartered in Munich, Germany.
K+S manufactures and supplies stamped and die-cast components for electric motors and generators. In addition, the company provides manufacturing components for traction, generators, ventilation, power tools, electric roller blinds/gates/doors, and DC-motors produced in single-notching. It serves automotive companies; producers of DC and asynchronous motors, household devices, and air conditioners; and manufacturers of wind-power plant generators, power tools, ventilation and air movement systems, pumps, and white goods. The company was founded in 1935 and is headquartered in Sachsenheim, Germany. It has locations in Germany, Hungary and the United Kingdom.
Sumitomo Corporation engages in trading diversified goods and commodities worldwide. Sumitomo was incorporated in 1919 and is headquartered in Tokyo, Japan. It is a member company of the Sumitomo Group.
Business Development Asia LLC (“BDA”) is a leader in cross-border investment banking in Asia. BDA advises on M&A, capital raising, and restructuring. BDA has been consistently owned and managed by the same team since 1996. BDA has a track record of providing independent advice to blue-chip corporate and financial sponsor clients from North America, Europe and Asia. BDA was named Investment Banking Firm of the Year by The M&A Advisor in both 2012 and 2010. BDA is headquartered in New York with offices in London, Beijing, Shanghai, Hong Kong, Mumbai, Bahrain, Seoul and Tokyo. BDA formed a partnership with William Blair & Company in 2011. Further information is available at www.bdapartners.com.
For more information regarding this transaction, please contact Andrew Huntley in London on +(44) 20 7182 4518.