Deal Announcement

goetzpartners advised the shareholders of MGG Holding on the sale of MGG Group B.V. to Parcom Capital management and MGG's senior management

10. March 2017


Parcom Capital together with the senior management of MGG Group B.V. ("MGG") have signed a definite agreement to acquire 100% of the shares in MGG from ZI Group (two private investors) and LIOF (Dutch government investment fund). Headquartered in Tegelen, The Netherlands, MGG is a leading and fully integrated manufacturer of sand casted and machined aluminium components, offering "one-stop-shop" solutions to various industries including commercial vehicles, heat exchangers, medical and yellow goods. The company operates four state-of-the-art manufacturing sites in Tegelen, Nieuw-Bergen (both in The Netherlands) as well as in Buchholz-Mendt and Stahlhofen a. W. (both in Germany).

The former shareholders, who acquired MGG in 2007, together with the management have led the company through a period of strong organic growth, accompanied by the acquisition of Metallguss Schiefelbusch GmbH in 2015. MGG's organic growth path was particularly characterised by continuous innovation of its production technologies and processes as well as a diversification of the company's end markets.

With the acquisition by Parcom Capital and the senior management, MGG can enter the next growth phase enforcing a global expansion strategy and further strengthen the company's leading market position in the niche of sand casting and machining of aluminium components.

goetzpartners acted as sole financial advisor to the sellers.

About MGG (Target)

MGG is a highly innovative and fully integrated manufacturer of sand casted and machined aluminium components to a well diversified set of end markets. MGG’s products include e.g. housings, heat exchangers as well as oil sumps and many others. Furthermore, the company offers its customers an extensive service range comprising i.a. component development, tool / pattern making, highly innovative sand casting manufacturing as well as machining and assembly. MGG is headquartered in Tegelen, The Netherlands, employs c. 800 employees and generates approx. €100m in revenues.

About Parcom (Acquirer)

Parcom Capital is a leading pan-European private equity firm based in Amsterdam, the Netherlands. Over the past 30 years, the firm has invested in over 75 companies and has successfully executed over 25 add-on transactions for its portfolio companies. Parcom currently invests from its newly raised Parcom Buy Out Fund V, which had its final close of €570m in June 2016.

goetzpartners Team

Christian Muthler, Managing Director

Ivo Polten, Managing Director

Daniel Bentrup, Associate Director

Maximilian Finkbeiner, Associate

Michael Wiederholt, Analyst

Philipp Jaeck, Analyst