GCA Altium has advised DBAG Fund VIII on the financing in support of its acquisition of Multimon AG, a leading provider of fire protection systems. Within the scope of a management buyout, DBAG Fund VIII, together with Deutsche Beteiligungs AG, acquired the majority of shares from Multimon’s founder and other shareholders.
Multimon, based in Kirchheim near Munich, delivers a wide range of fire protection systems from a single source – from planning and installation right through to commissioning. Systems are installed predominantly in high-rise buildings, shopping centres, warehouses, production plants, logistics centres, underground car parks and listed buildings. They comprise fire alarm systems and fire extinguishing equipment such as sprinkler systems as well as systems using water mist, gas or foam to fight fires. The company’s key know-how lies in the efficient conception, installation and maintenance of systems, in line with existing regulations. Fire protection regulations are becoming tighter; previously installed systems must be maintained regularly and retrofitted if necessary. Multimon employs c. 520 people and generated a total output of around EUR 93 million in 2019.
GCA Altium advised DBAG on structuring an acquisition financing package which reflects the firm’s specific needs such as L/Cs / guarantees as well as the planned organic growth and buy-and-build strategy.
Dr Rolf Scheffels, member of DBAG’s Management Board, explained: “Fire protection is an attractive market. We entered this market two years ago and brought our experience to bear with Kraft & Bauer. Multimon’s strong market position appeals to us, alongside the prospects for attractive organic and inorganic growth.”
Thorsten Weber, Managing Director at GCA Altium, commented: “The financing structure will support Multimon’s growth story and offer high flexibility in its daily business. With its superior sector knowledge and strong expertise as a buy-and-build investor DBAG is, in our view, the ideal partner for Multimon.”
The transaction closed on September 28th. All parties agreed not to disclose any further details of the transaction.
GCA Altium is the European business of GCA, a global investment bank that provides strategic M&A and capital markets advisory services to growth companies and market leaders. The firm offers worldwide coverage with over 500 employees in 25 offices across America, Asia and Europe. Built by the people that run the business, GCA is a firm of experts who focus on deals that require commitment, original perspective, skill and exceptional networks.
For further information about GCA Altium, please visit www.gcaaltium.com