EK Fin growth financing for ANGER MACHINING
• EK Mittelstandsfinanzierungs AG (EK Fin) invests several million euros of equity capital in the growth of the Upper Austrian machine building company and acquires 49 per cent of shares in return, subject to the ongoing anti-trust review
• Since 2005, MBI – Maschinenbau Investment GmbH has gradually taken control of ANGER as part of a successor plan and has now taken EK Fin on board as an equity partner
EK Fin has invested several million euros in the machine building company ANGER MACHINING and will acquire 49 per cent of the company’s shares in return. The additional equity capital from the company will be used exclusively for further growth. The above-average level of equity serves as the proper basis for larger contracts. “With our investment in ANGER MACHINING, we have added an innovative and competitive niche supplier to our portfolio. We are convinced of the company’s potential for development through the promotion of sales and the consistent implementation of their high-performance manufacturing technology on new future-oriented user markets, especially in the international automotive industry,” says Bernd Lechner, a member of the Managing Board at EK Fin.
MBI – Maschinenbau Investment GmbH remains the majority owner of ANGER with 51 per cent, and the two managing directors of MBI, Klaus Dirnberger and Dietmar Bahn, will continue to be responsible for operations in reaching growth targets at ANGER MACHINING.
ANGER MACHINING specialises in turnkey, CNC-controlled high-speed processing systems for precision parts with the highest requirements in accuracy and process capability for the international automotive industry. As a pioneer in reconfigurable multi-spindle technology, the company has successfully established itself on the global market since its founding in 1982, and its customers include international automotive manufacturers such as Audi, Chrysler, Daimler and VW as well as leading suppliers such as Bosch, INA Schaeffler, Linamar, Mahle, Thyssen Krupp Presta, ZF and many others.
EK Mittelstandsfinanzierungs AG
EK Fin is one of the leading Austrian private equity funds. The assets under management amount to EUR 50 million. The core shareholder is Bank Austria. EK Fin finances corporate expansions, acquisitions, management buy-outs and buy-ins. It invests funds ranging from EUR 1.5 million to EUR 7.0 million, generally acquiring stakes of between 10 and 49 per cent.
EK Fin receives support from BA-CA Private Equity GmbH. In concrete terms, BA-CA Private Equity is responsible for marketing and controlling and ensures that the company takes advantage of all the opportunities offered by UniCredit Group as a banking network. BA-CA Private Equity also supports Mezzanin Finanzierungs AG (www.mezz.at).
|You can receive more information from:|
|Bernd Lechner, Member of the Managing Board||Klaus Dirnberger, Managing Director|
|Manfred Premm, Prokurist||Dietmar Bahn, Managing Director|
|EK Mittelstandsfinanzierungs AG||MBI Maschinenbau Investment GmbH|
|Tel: +43 (1) 532 89 79/11||Tel.: +43 (0)664/ 132 04 12|