Deutsche Beteiligungs AG acquires Romaco group
Management buyout of manufacturer of packaging and food processing equipment
Frankfurt am Main, 31 March 2011. Deutsche Beteiligungs
AG (DBAG) and its managed closed-end private equity fund DBAG Fund V
announced today that they will acquire the Romaco group (“Romaco”) in a
management buyout. DBAG and seller Robbins & Myers Inc., a NYSE
listed company headquartered in Dayton, Ohio, USA, signed a contract to
that effect. The purchase price for the company is 61 million euros.
DBAG will invest some eight million euros from its balance sheet and
hold a 19 percent interest in Romaco. DBAG Fund V and Romaco’s
management will acquire the remaining shares.
press release
