Deal Announcement
goetzpartners conducted the Commercial Due Diligence of Thermamax for Capvis
The fund Capvis Equity IV LP, advised by Swiss based Capvis Equity Partners AG (together „Capvis“), announced that it has signed an agreement to acquire Thermamax Group (or "the Company"), the leading provider of insulation systems for high temperature applications. The acquisition is subject to customary regulatory approvals. Terms of the private transaction were not disclosed. ABOUT THERMAMAX Thermamax is recognized worldwide as the specialist in the design and manufacture of thermal and acoustic insulation systems for engine compartments and exhaust lines for diesel and gasoline engines, fuel cells, and electric drive systems. Thermamax serves customers around the world and operates three manufacturing facilities (Mannheim and Frankenthal, Germany, Aurora, IL, USA and Železnička, Serbia), several sales & marketing offices in the US and Italy as well as a corporation in Taicang, China. The high-temperature insulation systems are installed in On- and Off-Highway vehicles as well as applications in Power Generation, Marine, and On- and Offshore Platform market sectors. The Thermamax Group has around 300 employees. ABOUT CAPVIS Capvis is the leading private equity firm in Switzerland and one of the leading investors in German-speaking Europe and in Italy. With a current fund volume of EUR 720 million, Capvis focuses on majority holdings in leading mid-sized companies. It aims to support management teams in unleashing entrepreneurial potential and achieving new levels of excellence. Since 1990 Capvis has completed 53 transactions with a total volume of more than EUR 5 billion. Capvis has floated ten companies on stock exchanges and has repeatedly been voted Switzerland's, and also Germany's, best private equity firm by the international financial press.
TRANSACTION TEAM Dr. Gerrit Schütte Dr. Norbert Danneberg Jan-Marc Wermke Janine Schäfer Lorenz Rossmann Remigius Erhardt Lukas Dörrig
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