DC Advisory Partners advised STAR Capital Partners on the acquisition of the Blohm+Voss civil business from ThyssenKrupp
Essential Information
Client
STAR Capital Partners
Date
December 2011
Deal value
€ Undisclosed
Advice Type
Buy-side Advice
Sector
Industrial Products and Services
Please download pdf version here.
STAR Capital Partners (“STAR Capital”), a leading European fund manager focused on investing in capital intensive businesses, has reached an agreement with ThyssenKrupp AG to acquire the non-military parts of its ThyssenKrupp Marine Systems business. In addition, STAR Capital will commit significant amounts of capital to the business to ensure that it is in a position to take advantage of growth opportunities in the future.
With a rich history and a track record of engineering excellence Blohm+Voss is one of the great brands of maritime engineering. The acquired business units include Blohm+Voss Industries (a market leader in ship components such as seals, used in propulsion systems and stabilizers), Blohm+Voss Repair (a ship repair and conversion business focused on complex, time-critical projects), the Blohm+Voss Oil Tool activities (a manufacturer of pipe handling equipment in the oil and gas sector) and Blohm+Voss Shipyards (a designer and builder of high-end bespoke mega yachts for high net worth individuals). The combined group has annual revenues of around €400 million and has over 1,500 employees, mostly in Hamburg.
The newly acquired business will continue to be run by its experienced management team, led by Dr. Herbert Aly, who has been CEO of the business for seven years.
DC Advisory Partners acted as sole financial advisor to advised STAR Capital. The transaction is due to complete early 2012 following the necessary approvals.
Print
