goetzpartners conducted the commercial due diligence of Pumpenfabrik Wangen for Silverfleet Capital

Deal Announcement

Silverfleet Capital, the Pan-European private equity firm that specialises in buy-to-build, has entered into a binding contract to acquire Pumpenfabrik Wangen GmbH (“Wangen” or the “Company”), a leading designer and manufacturer of high quality progressing cavity and twin-screw pumps. Silverfleet will acquire a majority stake from the Company’s individual private shareholders. This transaction represents the fifth investment completed by Silverfleet in its current fund.

About Pumpenfabrik Wangen

Founded in 1969 and based in Wangen, Germany, the company is a market leader in the manufacture of screw pumps that are suitable for highly viscous or abrasive substances as well as solid-fluid composites. Wangen offers a broad range of standard as well as customised pumps designed and manufactured in-house for specific uses.

Wangen has an international distribution network, supplying clients including the Royal Navy (pumps for frigates), Schwarzkopf (hair care products) and the Wirtgen Group (road construction, a division of John Deere). The Company currently manufactures products for four key end markets, namely: (i) biogas; (ii) food & beverage; (iii) agriculture; and (iv) wastewater treatment and employs approximately 200 people. In 2017, Wangen expects to generate revenues of €37 million.

The Company’s focus on product innovation has led to several recent new product launches, including a highly sophisticated twin-screw pump technology that is primarily used in the food sector, as well as other hygienic applications such as cosmetics and pharmaceuticals.

About Silverfleet Capital

Silverfleet Capital is a leading, independent, European private equity firm with global reach specialising in mid-market buyouts, backing exceptional management teams in businesses since 1985.

Silverfleet is headquartered in London, with well-established regional offices in Munich (opened in 2001), Paris (opened in 1999) and Stockholm (opened 2017). 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 Team

Dr. Gerrit Schütte
Partner
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Gerrit Daute
Manager
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Steffen Prochazka
Associate Consultant

Nils Wilken
Associate Consultant 

Martin Schießl
Analyst