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21.12.2007

SME-financier UBF sells stake in Electrovac

  • Substantial stake held since 2002, 20 percent IRR for investors
  • DZ Equity Partner is new owner

UBF Mittelstandsfinanzierungs AG, part of the Bank Austria Creditanstalt (BA-CA) Private Equity Group, has successfully sold its stake in Electrovac AG. The shareholding, in place since 2002, enabled Electrovac to acquire Curamik (Germany), a major step in the expansion of its ceramic printed circuit board business at the time. “Electrovac AG has enjoyed rapid growth during UBF’s participation. I am delighted that we were able to contribute to this development,” commented UBF Management Board member Klaus Haberzettl. The company’s business volume has increased by around 90 percent and it has significantly extended its market position as a successful global supplier of compound materials with outstanding temperature fluctuation resistance.

The investment in Electrovac by DZ Equity Partner GmbH (DZEP) ensures that the company can achieve its other strategic objectives. Together with the Management Board of the Electrovac Group, DZEP will further develop the corporate group on a sustainable and long-term basis. On its exit from Electrovac AG, UBF achieved an IRR of around 20 percent.
The BA-CA Private Equity Group has private equity funds totalling EUR 95 million. Current new business is carried out through EK Mittelstandsfinanzierungs AG.

Enquiries:   UBF Mittelstandsfinanzierungs AG
                  Klaus Haberzettl, Tel.: +43 (1) 532 89 79-11