July 29th, 2020: SergeFerrari Group announces the acquisition of Verseidag-Indutex, thus strengthening its global leader position in Tensile Architecture and Modular Structures and becoming a key player in non-combustible solutions
SergeFerrari Group (FR0011950682 – SEFER) designs, manufactures and distributes innovative flexible composite materials and is listed on Euronext Paris – Compartment C. The Group has closed the acquisition of Verseidag-Indutex from Jagenberg AG, for an undisclosed amount. It thus strengthens its position as the world leader in flexible composite materials for the Tensile Architecture and Modular Structures markets. With this acquisition, the Group also becomes a key player in the field of non-combustible solutions transforming SergeFerrari Group size with pro forma consolidated 2019 revenues of EUR 273 million.
Alexander Partners is delighted to have advised SergeFerrari Group in this transformational deal which will cement its position as a world leader in its strategic markets – in the midst of highly unfavourable market during the ongoing Covid-19 crisis the parties have been able to agree on a transactions structure that allows both parties to mitigate risk and share upside value from the synergies of the combination.Berthold Stauffenberg, Managing Partner of Alexander Partners
About SergeFerrari Group: the group designs, develops, and manufactures innovative composite fabrics for lightweight architectural and outdoor applications in a global market estimated by the company at around €6 billion. The unique characteristics of these products make them ideal for technical applications in three fields: architecture, specialties for industry professionals, and composite membranes for the consumer market. Its main competitive advantage is based on the implementation of differentiating proprietary technologies and know-how. The Group has four production sites in Europe and one in Asia. Serge Ferrari operates in 80 countries through subsidiaries and sales offices and through a network of more than 100 independent distributors worldwide.
Serge Ferrari posted consolidated revenues of €189 million for 2019 of which 75% was achieved outside France. The company SergeFerrari Group is listed on Euronext Paris – Compartment C (ISIN code: FR0011950682). The SergeFerrari Group share is eligible for PEA-SME and FCPI Investment.
About Jagenberg: Jagenberg AG, part of the Kleinewefers Group and headquartered in Krefeld, Germany, is a management holding company active in the mechanical engineering and technical textiles sectors. In the 23 operating associated companies around 1,400 people in Europe, Asia and the USA are currently employed.
About Verseidag: Verseidag-Indutex GmbH, based in Krefeld and with 100 years heritage operates in the market of high-quality, coated fabrics in the fields of Tensile Architecture, Modular Structures, Biogas, Industry, fabrics for large-format digital printing, Solar Protection for Building and Automotive industry. The company employs close to 250 people, operates four industrial sites in and around Krefeld (Germany) and has sales subsidiaries in the USA, in the United-Kingdom, Hong Kong and the Middle East.
About ALEXANDER PARTNERS: Alexander Partners (AP) provides customized investment banking advisory services in France, Europe and beyond. AP is part of Infinita M&A Alliance, 110 investment bankers in France, Germany, the UK, Italy, Spain, Netherlands, Switzerland, Denmark, Poland and the USA. (www.infinita-alliance.com) – AP was founded by senior investment bankers with extensive international experience, having covered numerous smid cap & large cap deals.