Deal announcement

goetzpartners advised DUBAG Group

11. August 2023

goetzpartners advised DUBAG Group on the acquisition of Emitec, Vitesco Technologies’ catalysts and filters business

goetzpartners acted as exclusive debt advisor to DUBAG and successfully secured a highly attractive financing solution for the acquisition of EMITEC, a company focused on the manufacturing of catalysts and filters for various industries and residential buildings with a major footprint in the automotive industry, contributing to the purification of exhaust gases from internal combustion engines and chimneys with sites in Germany and India. The acquisition was made through DUBAG’s exclusively managed LEO II. fund.

goetzpartners provided key support during the entire financing process and enabled funds advised by DUBAG to prevail in a competitive M&A process. goetzpartners provided valuable input to external DD providers to sharpen the debt story and set up a viable and intelligent debt structure that attracted a bank and a mezzanine provider out of its unrivalled and unique network of financiers. goetzpartners offered DUBAG different financing options and optimised the financing terms and conditions.

This transaction highlights our unique competence as a financial advisor in complex financing solutions for the European market.

About Emitec 
Founded in 1986, Emitec is a world leader in the metal substrate market for exhaust gas catalysts and metallic diesel particulate filters. With c.1,000 employees and three production sites in Germany and India, the Company serves various industries with a current focus on the global automotive industry, mainly providing solutions for passenger cars, commercial vehicles, and motorbikes. As a technology leader, EMITEC is well positioned to benefit from the introduction of more stringent emissions standards over the coming years.

About DUBAG Group & LEO funds
The DUBAG Group is a specialized Munich-based investment advisory team with a proven track record. DUBAG manages Private Equity Funds, namely the Lenbach Equity Opportunities (LEO) funds, which aim at the acquisition and active development of companies in special situations. With the implementation of DUBAG’s financial and professional resources, applying its pragmatism, expertise, strategy, and long-term vision, DUBAG supports its portfolio companies in their day-to-day business keeping a close eye on continuous improvement and sustainable growth. The LEO funds’ current portfolio comprises seven companies with a total turnover of more than EUR650m across different industries in more than ten countries.

Transaction team:

Philipp Widmaier
Managing Director

Sebastian Achleitner

Alexander Rabel