Aalberts N.V. (AMS:AALB) has sold STH Group to H.I.G. Capital Europe

STH Group

Based in Barcelona, Spain, STH Group is a leading supplier of plumbing, thermal and sanitary solutions for residential and commercial buildings, with a strong value proposition as one-stop shop provider to key players in the professional and retail channels. The company offers a comprehensive range of products across four segments: taps, mixers and showers; connection valves and fittings; heating and cooling heads and valves; and water and gas distribution networks’ solutions. STH Group operates four strategically located logistics platforms in Spain, the U.K., Greece and South Africa.

The Deal

Aalberts will focus on four technology clusters with high growth potential and sustainable impact: eco-friendly buildings, semicon efficiency, sustainable transportation and industrial niches. The company’s divestments of non-core activities are part of this strategy. Under the new ownership of H.I.G., STH Group will be able to capitalize its potential for organic and inorganic growth and to strengthen its position in current and new geographies. Lincoln’s expertise in cross-border deals and deep experience in carve-out transactions were key in a challenging Mergers and acquisition environment.

Our Perspective

Iván Marina, Managing Director in Lincoln’s Madrid office, commented, “Following the lockdown caused by the COVID-19 pandemic, there is strong momentum in both new and refurbished housing construction. As a result, we expect increased mergers and acquisitions activity in the sector, boosted by the Pan-European Recovery Funds, which will benefit those building products suppliers offering environmentally friendly solutions.”

H.I.G.

H.I.G. is a leading, global private equity and alternative assets investment firm with over €45 billion of equity capital under management. For more information, please visit www.higcapital.com.

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