Private equity firm EMERAM invests in Drahtzug Stein Holding GmbH & Co. KG, a globally leading manufacturer of wire products
Funds advised by the Munich-based private equity firm EMERAM Capital Partners GmbH ("EMERAM") are investing in Drahtzug Stein Holding GmbH & Co. KG ("Drahtzug Stein") in partnership with the owner family to accompany Drahtzug Stein on its future growth path. The owner family will retain a significant stake in Drahtzug Stein after completion of the transaction, which remains subject to antitrust approval.
Drahtzug Stein is a globally leading group which produces high-quality wire products in the areas of home appliances, bath & furniture, agriculture, automotive and medical technology. The traditional company has enjoyed 75 years of success in the market and currently produces at locations in Germany, France, Italy, Poland and the US. As a leader in quality, Drahtzug Stein has an outstanding market position and is considered a "hidden champion" of the industry.
Customers benefit from a comprehensive range of services and expertise in the field of wire processing and surface treatment, allowing even highly complex customer requests to be fulfilled. In the household appliances segment, Drahtzug Stein is the undisputed market leader for high-quality dishwasher baskets in Europe and the US.
Wolfgang Stein, CEO of Drahtzug Stein, said: "We have successfully internationalised Drahtzug Stein over the past decades, and we have diversified our business model by expanding our wire processing expertise to serve new industries. In EMERAM we have found a capable, long-term partner for Drahtzug Stein's successful future. We look forward to working with EMERAM to realise our further growth potential."
Korbinian Knoblach, Founding Partner of Emeram Capital Partners, commented: "Drahtzug Stein is an innovative high quality supplier with a long tradition and an excellent basis for further growth. We see many attractive prospects in other international markets and in related business segments. As a leading manufacturer of high-quality wire products, the company has a first-class reputation among its customers, which will support our planned expansion of Drahtzug Stein."
The equity capital for this transaction was provided by the owner family, EMERAM Private Equity Fund I, and the management team. The Fund was advised by GLNS (legal), PwC (finance, tax & operations), Estin & Co (commercial), GCA Altium (debt advisory), Shearman & Sterling (debt legal), Ramboll Environ (environmental) and Willis Towers Watson (insurance) and Aquimer (M&A).
The family owners of Drahtzug Stein were advised by cf:M (M&A) and Dentons (legal).
About Drahtzug Stein Holding GmbH & Co. KG
The roots of the traditional company Drahtzug Stein stretch back to the 19th century. In the mid-20th century the company was acquired by the present owner family Stein, and it has pursued a consistent path of development ever since. Today the company is one of the leading global manufacturers of complex wire products for industries such as household appliances. Drahtzug Stein stands out through its ability to flexibly fulfil customer requirements while maintaining the highest quality standards. It manufactures in proximity to its customers at a growing number of international locations while minimizing the total cost of ownership for its customers.
EMERAM Capital Partners
EMERAM Capital Partners is an independent private equity firm for mid-cap companies in the German-speaking area. Funds advised by EMERAM Capital Partners provide capital to drive the development of companies, drawing upon a fund volume of EUR 350m. Its team of experienced investment professionals currently oversees six portfolio companies: Boards & More, BENCH International, Hussel, Matrix42, diva-e Digital Value Enterprise and Xovis.
EMERAM Capital Partners regards itself as a long-term business development partner for companies in five industry sectors: consumer goods, retail, industrial goods, business services and healthcare. The six founding partners combine in-depth market knowledge with operational experience in these sectors. Together, the team has successfully closed over 30 transactions and supported the development of portfolio companies by serving on over 45 advisory boards and supervisory boards. EMERAM Capital Partners was founded as an independent partnership in Munich in 2012.