A group of private investors has sold Anker Kassensysteme GmbH, a leading manufacturer of Point of Sale hardware, to Halder in a management buy-out. Anker’s existing management team participated in the transaction to become minority shareholders.
Halder has been active in the German-speaking region since 1991, during which time it provided 42 medium-sized companies with equity capital for succession solutions and growth. Halder supports its portfolio companies in their international expansion, the further development of their strategy and business model, and via investments to expand capacity and to finance add-on acquisitions.
Anker is market leader for POS hardware in the German-speaking food retail industry with over 600,000 installed cash cassettes. The Company offers a wide variety of POS hardware products including cash cassettes, cash drawers and peripheral poles. Anker also offers integrated POS solutions under its reputable brand and partners with various well-known suppliers of accessories around the POS. Since its foundation in 1876, Anker manufactures pioneering POS products and distinguishes itself through defining the highest standards for quality, safety, flexibility and innovation in the industry. With 70 employees at its Bielefeld location, Anker has generated approximately EUR 13 million in sales in the most recent fiscal year. The Company will further pursue its growth strategy nationally and across Europe.
“We are happy to have found a partner that will support us with its extensive experience on our path to becoming a European full-service provider.” said Dr. Fabian Schühle, CEO of Anker Kassensysteme GmbH, and added: “IMAP ran a very efficient sale process and significantly contributed to the successful completion of the transaction.”
The IMAP team led by Marco Strogusch (Partner), Sebastian Weiner (Associate) and Tim Buttelmann (Associate) exclusively advised the shareholders of Anker and supported the Company in structuring, negotiating and successfully concluding the transaction process within five months.
As part of a corporate financing restructuring, Newlat GmbH (“Newlat”) has secured comprehensive credit facilities from Commerzbank and BW-Bank for working capital financing.
With sales of over € 350 million, ten European plants and more than 1,200 employees, NEWLAT Group is a leading consumer goods company manufacturing pasta, dairy products, bakery products and baby food. The company has grown primarily through the acquisition of business units of large international groups such as Kraft Heinz, Nestlé, Parmalat or Ebro Foods, but also through the takeover of medium-sized companies over the past ten years. Newlat’s brand portfolio comprises Buitoni, 3 Glocken, Birkel, Delverde, Giglio, Pezzullo, Plasmon and Polenghi.
In Germany, Newlat acquired the pasta producers Birkel and 3 Glocken including a plant in Mannheim from Ebro Foods in 2013. These divisions are bundled under the umbrella of Newlat GmbH, based in Mannheim. The company currently employs approx. 135 people and generates sales of more than € 80 million.
IMAP M&A Consultants AG advised Newlat on the selection of suitable financing partners, the initiation and execution of financing discussions, the exchange of relevant information and the coordination of the process.
The IMAP transaction team comprised Peter Koch, Managing Partner, and Alessandro Cornelli, Director.
Mergermarket is proud to announce its inaugural partnership with Merrill DatasiteOne at the first Mergermarket Europe M&A Awards – Top Dealmakers in Sweden. The Top Dealmakers in Sweden recognises the top 40 legal and financial advisors from the previous 12 months of M&A activity by deal count, and Bengt Jönsson from IMAP Sweden is one of the winners.
Since 2005, Mergermarket has been tracking the movers and shakers that have made M&A transactions happen. The archive includes data points on 710,000 individuals that were working for management teams, private equity, investment banking, consulting and legal advisory when an M&A deal was announced.
Bengt Jönsson, founder and partner IMAP Sweden, comments:
”When you hire IMAP, you do not hire an individual but an entire team from IMAP Sweden, as well as access to industry experts from IMAP partners around the world.
In our team we always have a dedicated project manager who leads and manages the process, an analyst that compiles all information and coordinates the management meetings, an analyst that coordinates the global contacts from IMAP and works with the Due Diligence data room and a partner who supports the deal team. We always act as advisors, not as brokers.
When IMAP is the advisor in a deal process, we work according to some basic rules; We need to know that we can do a good job for our clients, we have a consensus with our client on how the process should be run and we should enjoy working together with our clients.”
After 10 eventful years as a member of the IMAP board, founding partner Karl Fesenmeyer passes his board membership on to Dr. Carsten Lehmann. At this year’s fall conference in Marrakesh, the IMAP Chairman Jurgis Oniunas thanked Karl for his great accomplishments in professionalizing and growing the global IMAP organization. Carsten, Managing Partner of IMAP Germany, together with 9 other board members will take over the responsibility for strategic direction and further development of IMAP.
Setting the scene against the backdrop of the Atlas mountains in magical Marrakech, IMAP Chairman, Jurgis Oniunas, quoted British theoretical physicist and mathematician Freeman Dyson* – The world is both broad and deep – and we need both birds and frogs working together to explore it.
Relating the metaphor to IMAP, Jurgis explained: “With representatives from over 40 countries, IMAP partners have the opportunity both to have a top-down ‘bird’s eye’ view of trends from around the world, as well as the ability to arbitrage ideas from one market, to use in another; and the bottom-up ‘frog’s view’ of specific deals and markets.“
Providing the bird’s eye sessions with a quick immersion into the investment climate in Morocco and Africa were:
– Host firm, Ascent Capital Partners, Managing Partners, Abdellatif Imani and Mehdi Berbich
– Ahmed Reda Chami, President of the Economic, Social and Environmental Council (CESE), and current Moroccan ambassador to the European Union in Brussels.
– Sofiane Lahmar, Development Partners International (DPI), an industry leader in the African private equity space.
– Lamia Merzouki, is Deputy General Manager at Casablanca Finance City Authority (CFCA).
– Hans Bevers, Chief Economist at Bank Degroof Petercam, who gave a macro economic overview.
The frog’s perspective came from a series IMAP partners presenting on: completed innovative IMAP deals; how to transform our businesses into full-service financial firms; and using new software to integrate our pipelines. Thanks to the beautiful Moroccan climate, many of the discussions on deals in sector groups and bi-lateral meetings took place in the sunshine. The IMAP conclusion: perhaps it’s best to be a frog with wings.
An in-depth review of the Marrakech conference will appear in our 7th edition of IMAP’s bi-annual publication, Creating Value, due out at the end of November.
IMAP’s spring conference is in March 2020 in Denver with host firm Capstone Headwaters directing proceedings.
* As quoted in Range, by David Epstein, Random House, 2019.