LOI Thermprocess Acquires MTH

LOI Thermprocess GmbH, a Tenova subsidiary company, has acquired Metall Technologie Holding Group, from European Capital, an affiliate of American Capital Ltd. Completion of the acquisition is subject to approval by the relevant antitrust authorities.

PRESS RELEASE

Today, LOI Thermprocess GmbH, a Tenova subsidiary company, announced the acquisition of Metall Technologie Holding Group (MTH), from European Capital S.A. SICAR, an affiliate of American Capital Ltd. Completion of the acquisition is subject to approval by the relevant antitrust authorities.

Tenova is a part of Techint, the privately held Italian headquartered industrial group. MTH is a leading international provider of industrial heat treatment technology and aftermarket services for heat treatment equipment utilised to treat finished metal components primarily in the aerospace, heat treatment, automotive and machine tooling industries. MTH is headquartered in Menden, Germany.

Baird served as the exclusive financial advisor to European Capital in the sale of the business. The Baird team was led by Joachim Beickler, Managing Director, in Frankfurt and by Vinay Ghai, Managing Director, in London, with assistance from colleagues in the US and Asia.

The successful completion of the deal underscores the value of Baird Investment Banking’s global platform, which uses a fully integrated, international team to provide comprehensive M&A and debt advisory services. In 2012, Baird advised on 166 financings and global M&A transactions totalling more than $43 billion.

Baird Managing Director Joachim Beickler, who led on the deal, said: ‘European Capital’s sale of MTH represents an important transaction for Baird Investment Banking, and highlights the global reach of our platform and the depth of our expertise in the core industrial technology sector’.

If you have plans to cover this news, we would appreciate you including Baird’s involvement.

If you would like further information, or would like to speak to a member of Baird’s transaction team, please contact James Isola/Alice Gledhill on +44 (0)207 367 5100 james.isola@cubitt.com or alice.gledhill@cubitt.com.