goetzpartners advised Nexans SA
goetzpartners advised Nexans on the sale of its German subsidiary Nexans Metallurgie Deutschland to Mutares
goetzpartners advised
Nexans SA on the
of its German subsidiary Nexans Metallurgie Deutschland to Mutares
value not disclosed
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NEXANS SA, a world-leading provider of power transmission and distribution with c. €4.6bn of revenues, has signed an agreement with Mutares on the sale of Nexans Metallurgie Deutschland (NMD), specialized in oxygen-free copper drawing. Thanks to a high-end dip-forming process, NMD stands as a leading provider of oxygen-free copper-wire, a product recognized for its highly valuable specificities such as high-quality, easily customizable and high conductivity, particularly accurate for fast growing industries such as electronics and electrical industry or e-mobility.
This transaction – expected to close in Q3 2020 – represents a strong add-on for Mutares’ Automotive & Mobility investment Plati and should raise significant synergies between the two companies. This new stage in NMD development should enable the company to achieve further its full growth potential in Germany and worldwide.
Fortlane Partners Corporate Finance acted as exclusive financial advisor to NEXANS, further underlining our competence as advisor of choice in the Industrial & Automotive industry and in cross-border M&A transactions. This transaction demonstrates Fortlane Partners’ ability to closely work with leading Strategic players and advise them on achieving their refocusing strategy, even in a such challenging macroeconomic environment.
ABOUT NEXANS METALLURGIE DEUTSCHLAND
With c. €260m of revenues (local GAAP), and an annual production capacity of 60,000 tons per year, NMD stands as a leading provider of high-quality oxygen-free copper, mainly serving major first and second tier customer base for automotive, white goods and general industrial applications. The company operates through two manufacturing sites located in Bramsche and Neunburg, Germany.
ABOUT MUTARES
Mutares SE & Co. KGaA, acquires medium-sized companies and parts of groups with headquarter in Europe that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. In 2019, Mutares' portfolio companies generated consolidated revenues of EUR 1,016 million and employed more than 6,500 people worldwide. The shares of Mutares SE & Co. KGaA are listed on Frankfurt Stock Exchange.
For more information, please visit www.mutares.com
Transaction team:
Serge Prager
Managing Director
Dina Bouzoubaa
Associate
Johary Rakotozafy
Analyst
Evgeny Savin
Analyst
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