goetzpartners advised AURELIUS Equity Opportunities SE & Co. KGaA (“AURELIUS”) on the acquisition of VAG, the Mannheim-based manufacturer of water and waste water valves from U.S.-based Rexnord. With approx. 1,200 employees, VAG generated sales of almost EUR 200 million in its 2017/18 financial year. The transaction is to be finalized in Q4 2018.
As a globally active company, VAG is one of the leading suppliers of valves for water treatment and distribution, waste water management, dams, power stations and the energy industry. VAG is known and appreciated throughout the world for its market-leading know-how in product development and bears the quality seal “Engineering made in Germany.” The company has six production facilities in Germany, the Czech Republic, China, India, South Africa and the United States, as well as 14 own sales offices that sell VAG’s products and services in more than 100 countries of the world. VAG operates both in the global project business and in the production and distribution of standard applications.
“VAG is an exciting company with great potential, which we want to realize by completing the restructuring,” said Gert Purkert, Member of the Executive Board of AURELIUS Equity Opportunities. “Also in the coming months, we expect further acquisitions and add-on-acquisitions to strengthen our existing portfolio companies.”
goetzpartners Corporate Finance acted as exclusive financial advisor and goetzpartners Management Consultants acted as exclusive commercial advisor to Aurelius, further underlining our competence as advisor of choice in the industrials sector.
AURELIUS Group is a pan-European asset manager with offices in Munich, London, Stockholm and Madrid. Over the last ten years AURELIUS has grown from a local turnaround investor to an international multi-asset manager investing in a wide range of sectors and across the capital structure.