Saxenhammer & Co. 作为买方财务顾问为包括Crosslantic在内的投资财团联合收购Hakle提供咨询服务
Crosslantic Capital Management, through its Crosslantic Fund I GmbH & Co KG, and Volker Jung, a tissue manager, have acquired Hakle from Palero Capital. Hakle, based in Düsseldorf, is one of the leading brands for moist and dry toilet paper in Germany. Hakle was acquired by the financial investor palero from Kimberly Clark in 2013. Since then the company has grown by more than 20%. Sales of branded products have doubled and continue to grow. Hakle employs around 200 people and has a turnover of approximately EUR 80 million. Saxenhammer & Co. has advised the buyers on this buy-in transaction, including establishing a senior debt line provided by Postbank and a mezzanine line.
Saxenhammer & Co. advised a group of investors including Crosslantic Capital on the acquisition of Hakle from palero capital. The company is one of the best-known tissue paper brands in Germany with a tradition going back more than 90 years. Crosslantic Capital is an independent private equity firm that invests into fast growing companies.
Saxenhammer & Co. acted as the exclusive financial advisor to the buyers and successfully supported them in a complex buy-side process. Saxenhammer & Co. helped to establish a senior debt line and mezzanine tranche and successfully maneuvered its clients through the vendor-led, highly competitive M&A process.
The new owners are represented by Crosslantic Capital, which has been a shareholder of Hakle in previous years.
Volker Jung, new managing director of Hakle, commented: “We are very satisfied with the result of this transaction. This allows Hakle to optimally exploit its diverse growth potential such as continuous operational improvement, strategic expansion and the development of new product segments”.