Herter & Co. GmbH advises Penta Investments on the financing as part of the acquisition of 75 % of Gehring Technologies Holding GmbH, a pioneer and worldwide leading manufacturer in the field of honing technology from Ostfildern, Baden-Württemberg. Details of the transaction are not to be disclosed.
Gehring is a leading manufacturer of honing machines worldwide. Gehring expects to generate approx. EUR 130 million in 2012. VW, BMW, Daimler, Ford or General Motors are amongst the company’s top clients. The Gehring Group employs 630 people, 530 of them in Germany.
Penta is a Central European investment group established in 1994. It operates in the private equity and real estate sectors. In private equity, it manages an evergreen fund of its partners, the company’s only shareholders. Its portfolio companies provide jobs to more than 25,000 people and reported revenues of EUR 1.7 billion in 2011. Penta invests into retail, health care, aerospace industry, mechanical engineering, utilities, entertainment and banking projects. The real estate section was started in 2005 and is currently implementing development projects in the Czech Republic and Slovakia. Penta is active in more than 10 European countries and has offices in Prague, Bratislava, Warsaw, Limassol, Amsterdam and Jersey.
About Herter & Co.
Herter & Co. is an independent financial advisory firm founded by Marcel Herter, former Head of Restructuring at Lazard & Co. and Head of Leveraged Finance at Dresdner Kleinwort. The firm focuses on sponsor and corporate debt advisory as well as restructuring.