The Munich-based industrial holding ADCURAM has sold Hennecke Group to Swiss-based financial investor Capvis Private Equity Partners AG. Hennecke is the global technology and innovation leader in the field of developing and constructing machinery and equipment used for the processing of Polyurethane. The transaction is subject to approval by the competent merger control authorities.
ADCURAM acquired Hennecke eight years ago from the BAYER Group and has since developed the polyurethane specialist into a globally successful mid-sized company.
Hennecke is headquartered in Sankt Augustin and has production sites in Germany, China and the US. With over 500 employees Hennecke reaches an annual turnover of more than EUR 120 million.
ADCURAM was advised by DC Advisory, P+P Pöllath+Partners (Purchase Agreement) und TRACC LEGAL (Vendor Due Diligence). Already during the acquisition from BAYER Group eight years ago the lawyers of TRACC LEGAL were engaged by ADCURAM as its legal advisers. HengelerMueller advised Capvis in the course of the current transaction.