Press Release: Transfer of shares of KRESS-elektrik GmbH & Co. KG

Press Release

February 3rd, 2015

Transfer of shares of  KRESS-elektrik GmbH & Co. KG

MelchersRaffel identified investors for KRESS and leads negotiations on the company sale

MUNICH, Callista Private Equity GmbH & Co. KG (hereafter “Callista Private Equity”) announces the acquisition of all shares of KRESS-elektrik GmbH & Co. KG. The company was previously owned by an entrepreneurial family, which decided to re-focus more on its core business and therefore sold the unit in a structured process. The parties agreed not to disclose the purchase price. Restructuring measures are financed by a capital increase and additional loan commitments.

Bisingen based KRESS-elektrik GmbH & Co. KG is a family-owned enterprise with a tradition dating back 85 years. The medium-sized company currently employs some 90 highly skilled employees. Due to sustainable high innovation and a distinct focus on product quality, the company is a leading developer and producer of power tools for professional and semi-professional use. KRESS distributes its products via OEM distributors, tool distributors targeting a professional clientele as well as hardware stores.

MelchersRaffel advised the selling party.

About MelchersRaffel
 
MelchersRaffel Ltd. (www.melchersraffel.com) advises European companies with their strategy and M&A projects with an emphasis on the Asian region and Asian companies focusing on Europe. With consultants from offices in Hong Kong, Shanghai and Singapore, and with access to the other areas of Melchers Group, all economically important regions of Asia are covered. In Germany, MelchersRaffel is represented by Raffel GmbH Corporate Development, Munich.
For more information please contact:
Monika Sturz, sturz@melchersraffel.com,  Tel +49-89-24208659-25
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