Alantra, the global investment banking and asset management specialist, is pleased to announce that it has advised EMZ Partners („EMZ“) on the acquisition of a majority stake in Hermann Pipersberg jr. GmbH (“Pipersberg” or “The Company”), a leading gas and water metering solutions provider.
Founded 1843 in Remscheid, Germany, Pipersberg assembles, calibrates, certifies, and distributes gas and water meters. The Company offers a comprehensive range of services including new meter installations, scheduled meter replacements, testing and repairs, and logistics. With a combination of proprietary and sourced components, the Company offers tested end-to-end solutions for remote reading („smart meter gateway”), driving digitalization in the German gas and water meter market. Pipersberg has been one of the leading full-service and one-stop shop providers for gas and water meters in Germany for more than 175 years. In recent years, the Company has expanded its product portfolio, offering new, innovative products through industrial partnerships and in-house developments.
EMZ is a leading European investment firm with offices in Paris and Munich. The firm focuses on medium-sized companies and offers flexible capital solutions by investing alongside founders, family shareholders, and managers.
This transaction will enable Pipersberg, through the support of EMZ, to advance its planned strategic growth initiatives, including digitalization projects and the expansion of its existing product portfolio.
Klaus Maurer, partner in the Munich Office of EMZ, commented: “The recent developments, driven by Pipersberg’s Managing Director, Mr. Fischer, in collaboration with the broader management team and the support of the Pipersberg family, have been nothing short of amazing. Pipersberg is now in a unique position as leading „one-stop-shop“ in the German gas and water periphery and has developed a concept to continue its profitable growth. We would like to extend our gratitude to the Alantra deal team who helped us, through their deep sector knowledge and tight process management, to smoothly execute this transaction, and we really enjoyed working with the team on a second successful acquisition this year.”
Juan Carlos Montoya, Director at Alantra’s Frankfurt office, said: “We would like to thank EMZ for their trust and for the opportunity to advise them on such an important project. We believe that Mr. Fischer and the Pipersberg management team have truly found the perfect partner in EMZ to support their envisaged growth initiatives. We look forward to seeing Pipersberg’s success accelerate in the future.”
This transaction marks Alantra‘s second collaboration with EMZ in Germany this year, following the acquisition of Celebrate (Kartenmacherei) in February, 2021.
Alantra is a global alternative asset management, investment banking, and credit portfolio advisory firm focusing on providing high value-added services to companies, families, and investors operating in the mid-market segment. The Group has over 540 professionals across Europe, the US, Latin America, and Asia.
In Alternative Asset Management, Alantra offers its clients unique access to a wide range of investment strategies in seven highly specialized asset management classes (private equity, active funds, private debt, infrastructure, real estate, transition energy, and technology). As of June 30, 2021, assets under management from consolidated businesses stood at €2.3bn, while assets under management from Strategic Partnerships in which Alantra holds a significant stake were €11.7bn.
Its Investment Banking division provides independent advice on M&A, debt advisory, financial restructuring, and capital markets transactions, having advised on more than 450 deals for a total value of c.€70bn in the last three years. Alantra’s senior bankers and execution teams offer a global understanding of industry sectors combined with strong local relationships with the companies, investors, entrepreneurs, and financing institutions in each of its markets.
Alantra’s Credit Portfolio Advisory team is the leading portfolio advisory unit in Europe, dedicated to transaction execution, structuring, pricing, modelling and data enhancement in relation to credit portfolios and banking platforms. The team has advised on more than 140 transactions for a total volume of c. €83bn in the last three years.