Deutsche Beteiligungs has acquired Stephan Machinery
Deutsche Beteiligungs AG (DBAG) and its managed private equity fund DBAG Fund V acquire Stephan Machinery GmbH (“Stephan”) in a management buyout (MBO) from the Italian based group IMA (www.ima.it).
Stephan Machinery GmbH
Stephan (www.stephan-machinery.com) designs and builds machines for food production processes. Stephan employs a staff of 180, of whom 120 work in production, assembly and engineering at its headquarters in Hameln. Its machines provide cutting-edge technology and are used for thermal processing of liquid or semi-liquid food products such as sauces, soups or baby food.
Stephan was founded in 1953 as a family-run business in Hameln, near Hanover, Germany. In 1999, the company was taken over by the Italy-based Sympak Group, which, in turn, was acquired by the IMA Group in 2011. IMA focuses on packaging machinery and is now divesting Stephan, because it is not part of the core business.
The purchase price for the debt-free company amounts to approximately 40 million euros. The acquisition financing will be provided by Commerzbank AG and Raiffeisenbank International AG.
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