Cowen advises DPE on the acquisition of a majority stake in Engelmann Sensor from NORD Holding and capiton

Overview

Transaction

Cowen acted as exclusive M&A and Debt Advisor for DPE Deutsche Private Equity (“DPE”) on the acquisition of a majority stake in Engelmann Sensor (“Engelmann”).

Engelmann is the leading European manufacturer of smart heat meters for the submetering industry. In recent years, Engelmann has been able to develop its extensive product portfolio towards a preferred system provider and thus continuously expand its market position. Driven by extensive R&D activities, Engelmann provides its broad customer base with a high-quality “one-stop-shop” offering for submetering in the residential and real estate industry.

“We are impressed by Engelmann’s success in recent years as well as the performance of the management team. We look forward to supporting the company on its future growth path”, said Fabian Rücker, Partner at DPE.

Client

DPE Deutsche Private Equity (DPE) is an independent German private equity firm. It focuses on medium-sized companies in German-speaking countries that are active in industries with positive long-term development prospects. DPE was founded in 2007 and has since invested in 30 companies, making over 70 follow-on investments and employing over 9,000 people today. DPE manages total assets of around €2.2 billion.

Target

Founded in 1976, Engelmann has become the leading European manufacturer of smart heat meters for the submetering industry. With the entry of capiton and NORD Holding in 2014, double-digit annual sales growth with leading delivery performance has been achieved. Engelmann employs 170 people at its two production sites in Wiesloch (Germany, headquarters) and Suining (China) and achieved sales of more than €45 million in fiscal year 2020/21.

Contact

Marco
Schunder

Partner
Debt Advisory, Cowen

+49 172 6212 755
Email

Lars
Veit

Partner
M&A, Cowen

+49 89 2000 393 0
Email

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