Goldsmith Agio Helms Announces Madison Capital Partners' Acquisition of Mannesmann Plastics Machinery
MINNEAPOLIS--(BUSINESS WIRE)--July 5, 2006--Goldsmith Agio Helms is pleased to announce that its client, Madison Capital Partners, has acquired German-based Mannesmann Plastics Machinery AG ("MPM") from Kohlberg Kravis Roberts & Co. Terms were not disclosed.
The transaction was initiated by a transatlantic team consisting of Goldsmith Agio Helms in the U.S. and Agio International in Europe. Agio International is an exclusive equity based joint venture among Goldsmith Agio Helms and leading independent boutique investment banking firms headquartered in Europe. Jack Helms and David Iverson in the U.S., together with Daniel Confino, head of the London Office of Goldsmith Agio Helms and Chief Executive of Agio International, and Ruggero von Wedel of Agio International member Hauck and Aufhauser, based in Frankfurt, managed the geographic and cultural complexities to achieve success for Madison Capital Partners.
David Iverson of Goldsmith Agio Helms commented, "We have successfully completed 9 transactions in the past twelve years on behalf of Madison. Having led Madison's recent sales of Dynisco, API Heat Transfer Technologies, and Synventive Molding Solutions, we were aware that Madison: (1) was looking for a new project, (2) had compiled a long and distinguished record in the capital equipment industry, particularly in plastics equipment, (3) was becoming increasingly adept at transatlantic and international transactions, and (4) had the capability to add tremendous strategic and financial value to their portfolio investments. In light of this, MPM was identified as an ideal acquisition target for Madison. The Goldsmith Agio Helms transatlantic team approached MPM's management team and arranged a series of meetings between Madison and MPM management, which ultimately led to the successful negotiation of this transaction."
"We have had discussions with five separate manufacturers of injection molding machinery since 1994, however, in each case Madison was not satisfied with the depth and breadth of people, technology and products. With MPM, we are partnering with the greatest plastic machinery manufacturer in the world. It is a perfect match and we credit the entire global team at Goldsmith Agio Helms for making this possible," remarked Larry Gies, President and CEO of Madison.
Mannesmann Plastics Machinery AG is the world's largest manufacturer of machinery for the production of plastics and rubber and the market leader in injection molding machines. Among its best known brand names are Krauss-Maffei, Netstal, Berstorff and Demag Plastics. MPM had sales of approximately EUR 1.3 billion last year.
Madison Capital Partners (www.madisoncapitalpartners.net), a Chicago based investment group, acquires and grows industrial manufacturing companies. Madison has previously financed the growth of 19 very successful multinational corporations.
Goldsmith Agio Helms (www.agio.com) is a U.S.-based private investment banking firm that provides sophisticated corporate finance advisory and investment banking services to middle market businesses. The firm's services include mergers and acquisitions, private placements of debt and equity, distressed advisory and restructuring, and financial advisory and opinion services. The firm operates internationally from its offices in Minneapolis, New York, Chicago, Los Angeles, and London.
Goldsmith Agio Helms, Minneapolis
David G. Iverson,
612-339-0500
F 612-339-0507