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goetzpartners has advised Silverfleet Capital to enter into a binding contract to acquire a majority stake in Prefere Resins Holding GmbH (“Prefere” or the “Company”). Headquartered in Erkner, situated on the outskirts of Berlin, Germany, the Company is a European market leader in the development, production, and sale of phenolic and amino resins which are used as a binding agent across the construction, insulation and industrial sectors. Completion is subject to regulatory approval and the terms of the transaction were not disclosed.
goetzpartners' Private Equity consulting team conducted a Commercial Due Diligence containing a comprehensive assessment of Prefere's product portfolio with a particular focus on the chemical properties and its technological superiority to demonstrate the company’s European leading position across industries as well as an analysis of the product innovation pipeline’s attractiveness and its upside potential for Prefere.
Prefere has been built through the acquisition of plants owned by Neste and Perstorp in 2000. It operates seven production facilities across six European countries (Germany, France, UK, Finland, Poland and Romania), has three R&D sites (Germany, Austria and Finland) and four regional sales offices (Germany, UK, Finland and Austria). Producing over 320 kilotonnes in volume and employing over 320 people, the Company has a diversified product portfolio of more than 900 individual formulations, serving over 300 customers including several large, blue chip multi-national corporations, which are global suppliers of engineered wood products and insulation materials.
ABOUT SILVERFLEET CAPITAL Silverfleet is headquartered in London and has well-established regional investment teams operating from Munich, Paris and Stockholm. This local footprint makes Silverfleet one of the few truly “local” yet integrated, pan-European, mid-market investors, able to support management teams in both their local markets and internationally.
GOETZPARTNERS TRANSACTION TEAM
Dr. Sigurd Kitzer Partner Email Finn Rieken Manager Christoph Köster Associate Consultant Florian von Villiez Associate Consultant Justus Buchen Analyst