EANS-News: BAVARIA Industriekapital AG sells Kienle + Spiess GmbH

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Contracts

München (euro adhoc) - BAVARIA Industriekapital AG sells Kienle +
Spiess GmbH

Munich, the 18th of February 2013

* BAVARIA Industriekapital has signed an agreement for the sale of
its largest investment, Kienle + Spiess GmbH * Acquirer is the
Japanese conglomerate, Sumitomo Corporation * The agreement is still
subject to various antitrust approvals

BAVARIA Industriekapital AG acquired Kienle + Spiess in June 2006 and
undertook a successful restructuring of the business. Based in
Sachsenheim, the organization has 2,000 employees and reported sales
of EUR 231 million in 2011. Terms of the agreement have not been
disclosed, but are in line with multiples recently seen in other
processing industry transactions, according to Reimar Scholz, CEO of
the BAVARIA Industriekapital AG.

During its period of ownership, the BAVARIA Group implemented a
number of operational improvements and facilitated the roll-out of
several new technologies and products in Kienle + Spiess. With its
global network and significant capital reserves, Sumitomo Corporation
is well-positioned to drive the international expansion of Kienle +
Spiess, according to Harald Ender, Chief Operations Officer of
BAVARIA Industriekapital AG.

William Blair and CMS Hasche Sigle acted as financial and legal
advisor to BAVARIA Industriekapital AG in the transaction.

BAVARIA Industriekapital employs approximately 4,000 employees in 12
European companies, with additional locations in the US, China and
Mexico. Headquartered in Munich, the group's industrial holding
company is majority family-owned and pursues a long-term investment
strategy. BAVARIA Industriekapital's high rate of investments and
extensive share buybacks are evidence of Management's continuing
confidence in the future of the organization. BAVARIA
Industriekapital also maintains a focus on corporate responsibility,
with a high rate of apprentice training (apprentices account for 6.2
percent of the total workforce in Germany) and the provision of
regular support to charity organizations.

Further inquiry note:
Reimar Scholz
Tel.: +49 89-729 8967-0
E-Mail: info@baikap.de

end of announcement euro adhoc
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company: Bavaria Industriekapital AG
Bavariaring 24
D-80336 München
phone: +49 (0)89 729 8967- 0
FAX: +49 (0)89 729 8967- 10
mail: info@baikap.de
WWW: http://www.baikap.de
sector: Holding companies
ISIN: DE0002605557
indexes:
stockmarkets: free trade: Berlin, München, Düsseldorf, Stuttgart, Open Market /
Entry Standard: Frankfurt
language: English