Bavaria Industriekapital AG

EANS-News: BAVARIA Industriekapital AG sells Kienle + Spiess GmbH

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München (euro adhoc) - BAVARIA Industriekapital AG sells Kienle + Spiess GmbH

Munich, the 18th of February 2013

* BAVARIA Industriekapital has signed an agreement for the sale of its largest
investment, Kienle + Spiess GmbH
* Acquirer is the Japanese conglomerate, Sumitomo Corporation
* The agreement is still subject to various antitrust approvals

BAVARIA Industriekapital AG acquired Kienle + Spiess in June 2006 and undertook
a successful restructuring of the business. Based in Sachsenheim, the
organization has 2,000 employees and reported sales of EUR 231 million in 2011.
Terms of the agreement have not been disclosed, but are in line with multiples
recently seen in other processing industry transactions, according to Reimar
Scholz, CEO of the BAVARIA Industriekapital AG.

During its period of ownership, the BAVARIA Group implemented a number of
operational improvements and facilitated the roll-out of several new
technologies and products in Kienle + Spiess. With its global network and
significant capital reserves, Sumitomo Corporation is well-positioned to drive
the international expansion of Kienle + Spiess, according to Harald Ender, Chief
Operations Officer of BAVARIA Industriekapital AG. 

William Blair and CMS Hasche Sigle acted as financial and legal advisor to
BAVARIA Industriekapital AG in the transaction.

BAVARIA Industriekapital employs approximately 4,000 employees in 12 European
companies, with additional locations in the US, China and Mexico. Headquartered
in Munich, the group's industrial holding company is majority family-owned and
pursues a long-term investment strategy. BAVARIA Industriekapital's high rate of
investments and extensive share buybacks are evidence of Management's continuing
confidence in the future of the organization. BAVARIA Industriekapital also
maintains a focus on corporate responsibility, with a high rate of apprentice
training (apprentices account for 6.2 percent of the total workforce in Germany)
and the provision of regular support to charity organizations.


Further inquiry note:
Reimar Scholz
Tel.: +49 89-729 8967-0
E-Mail: info@baikap.de

end of announcement                               euro adhoc 
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company:     Bavaria Industriekapital AG
             Bavariaring 24
             D-80336 München
phone:       +49 (0)89 729 8967- 0
FAX:         +49 (0)89 729 8967- 10
mail:     info@baikap.de
WWW:      http://www.baikap.de
sector:      Holding companies
ISIN:        DE0002605557
indexes:     
stockmarkets: free trade: Berlin, München, Düsseldorf, Stuttgart, Open Market /
             Entry Standard: Frankfurt 
language:   English
 



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