ACQUISITION PAVOY

Deal Announcement

DEAL ANNOUNCEMENT | OX8 CORPORATE FINANCE SUPPORTS PAVOY ON THE ACQUISTION OF THE BUSINESS UNIT "STAURAUMSYSTEME" OF OTTO KIND

Aschaffenburg/ Dusseldorf/ Hillesheim, 5 November 2020

ox8 Corporate Finance successfully advised PAVOY GmbH Paul van Oyen Fabrik für Lager- und Betriebseinrichtungen („PAVOY“) on the acquisition of the business unit „Stauraumsysteme“ of the Otto Kind GmbH & Co. KG located in Gummersbach. PAVOY, based in Hillesheim in the Eifel, is a portfolio company of the Dusseldorf Family Office VM Capital GmbH („VMCap“). This transaction is part of PAVOY’s overall expansion strategy, which started when the company was acquired by VMCap. The acquired unit will be continued within the newly found subsidiary KIND Betriebseinrichtungen GmbH („KBE“).

PAVOY, founded in 1946 and manufacturing at the Hillesheim site since 1954, has successfully established itself in a finely segmented niche for high-quality factory equipment and has long held a leading market position. Including the new subsidiary KBE, the PAVOY Group employs about 120 people and supplies about 2,000 specialist dealers in almost all European countries.

The unchanged, uncompromising approach of PAVOY to sell high-quality steel factory equipment produced exclusively in Germany is particularly noteworthy. This quality-focused strategy was the key to PAVOY’s success within the market.

Dr. Helmut Vorndran, CEO of PAVOY, commenting on the investment at KBE: „We are pleased and very proud to incorporate a very well-known business into our group of companies with KBE-Stauraumgeschäft which complements our product portfolio and has identical quality standards. The sales orientation with a strong focus on specialized dealers also matches with our own focus. Of particular importance to PAVOY is the „KIND“ brand, which enhances the group flexibility and strengthens our market position. The complementary product segments together form a significantly strengthened product portfolio in terms of depth and breadth. Furthermore, the well-established specialist retailers structures provide a strong enhancement in terms of market penetration.

About VM Capital GmbH (www.vmcap.com)

VMCap is the family office of the family Dr. Helmut Vorndran. The primary investment focus is on established companies in the areas of value-added manufacturing industries, information and communication technology as well as renewable energy starting at revenues of EUR 10m. VMCap solely invests own funds of its shareholders and currently manages assets of more than EUR 300m in the three areas of corporate investments, infrastructure projects and real estate. The entire group of companies currently employs about 1,300 people.

The most popular company is the QSIL AG Quarzschmelze Ilmenau, where VMCap has been the main shareholder for more than 15 years. Within this period, the supplier of high-tech products for the semiconductor industry has grown from modest beginnings to becoming the world market leader in so-called billets for wafer production and a leading producer of high-performance ceramic products. The company currently employs 750 people at five locations in Germany, the Netherlands and the USA.

About PAVOY GmbH Paul van Oyen (www.pavoy.de)

PAVOY is a leading manufacturer of high-quality steel factory equipment. The company currently employs about 120 people and produces exclusively in Germany at its site in Hillesheim in the Eifel. PAVOY serves about 2,000 customers of all sizes from industry, trade, craftsmanship and public authorities. Since its foundation in 1946, PAVOY has shown steady, organic growth. In addition to the premium brand „PAVOY“, the company markets business and warehouse equipment under the „KIND” brand in its subsidiary “KIND Betriebseinrichtungen GmbH“.

About ox8 Corporate Finance (www.ox8-cf.com)

ox8 Corporate Finance is an independent corporate finance boutique founded in 2018 by experienced M&A specialists. Corporate finance advisory services are offered with a focus on M&A as well as Growth Capital in the Software/ Saas, Digital Commerce, Technology/ IT services and Healthcare sectors. The team has an excellent international network to financial investors and strategic buyers. ox8 Corporate Finance has offices in Frankfurt am Main and Aschaffenburg.

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We, the ox8 Corporate Finance GmbH (Registered business address: Germany), would like to process personal information with external services. This is not necessary for the use of the website, but allows us to interact even more closely with them. If desired, please make a choice: