P+P advises management of Pumpenfabrik Wangen on sale of majority stake to Silverfleet Capital

The London-based private equity firm Silverfleet Capital has acquired a majority stake in Pumpenfabrik Wangen GmbH, headquartered in Baden-Württemberg. The sellers of the shares are the company’s former private shareholders. BlackRock and NIBC Bank provided acquisition financing. The transaction is still subject to approval by the competent regulatory authorities.

Pumpenfabrik Wangen develops and produces standard and special pumps under the brand name “Pumpen Wangen” for industrial use in pharmaceutical, food and drink production. With an international distribution network, it serves customers such as, e.g., the Royal Navy, Schwarzkopf and the Wirtgen Group (road construction division of John Deere).

Founded in 1969, the company currently employs approximately 200 people; it is headquartered and has production facilities in Wangen in the Allgäu region of Germany. In the course of the transaction, a new management team selected by Silverfleet will begin managing the company and implementing Pumpenfabrik’s international growth strategy.

This is the fifth investment for Silverfleet’s current fund. Previous investments included the acquisition of Coventya, a French developer of special chemicals, and of Sigma Components, a British manufacturer of precision components for civilian aviation.

P+P Pöllath + Partners advised the management of Pumpenfabrik Wangen within the scope of the transaction with the following Munich-based team:

• Dr. Benedikt Hohaus (partner, M&A/private equity)
• Dr. Michaela Lenk (associate, M&A/private equity).