Syngroh Capital acquires majority stake in Novopress
- Second investment for Syngroh Capital within one year
- Investment ensures stable shareholder structure and management continuity
- Syngroh Capital will offer strategic support to Novopress in its continuing growth
Frankfurt am Main/Schiltach/Neuss, August 7, 2019 – Syngroh Capital GmbH (Syngroh Capital), the investment company of the Klaus Grohe family, has acquired a majority stake in Novopress Holding GmbH (Novopress), a leading manufacturer of electromechanical pressing tools. The two companies today announced the closing of the transaction.
Founded in 1969 by the families Zangen and Dischler, Novopress stands for high-quality tools and machines offering economic benefits due to their longevity as well as fast and easy handling. The product range includes crimping tools for pressing cable lugs for industrial control cabinet construction in the electrical industry as well as pressing tools for installing pipes and fittings made of steel, copper or plastic in the industrial and construction sectors. Thanks to 50 years of experience and sustained high investments in research and development, Novopress has achieved a technologically leading market position which it is continuously expanding.
The investment in Novopress is the second transaction within one year for Syngroh Capital. The investment firm owned by the founding family of Hansgrohe SE serves as a vehicle for direct investments in medium-sized companies. In September 2018, Syngroh Capital acquired a stake – initially as a minority shareholder – in the Hamburg-based building technology service provider KMLS. With its unique combination of sound financial expertise and entrepreneurial experience of the members of the Grohe family, in its first year of operations Syngroh Capital has already developed a profile in the investment market that particularly appeals to family businesses and owner-managed companies.
As a shareholder of Novopress, Syngroh Capital will actively support the established and innovative company with a 50-year history in its further development. In their previous careers, the members of the Grohe family have acquired profound experience in leading positions in product development, sales, marketing as well as on the board of a global company and thus established a strong international network. Based on this, they can support the experienced Novopress management on a strategic level as well as in the expansion of the company’s existing extensive global sales and service network. Due to its evergreen structure, Syngroh Capital is not tied to fixed holding periods for its investments. Thus, mature companies with stable earnings are equally attractive for its investment portfolio as are growth companies with high short-term value appreciation potential, which are targets for traditional private equity companies.
Robert Clausen, Managing Director of Syngroh Capital's investment advisory firm, said: "This transaction demonstrates the great flexibility that our evergreen approach allows for. It enables us to respond very precisely and individually to the needs of entrepreneurs and to design a tailor-made, entrepreneurial solution for growth scenarios of young growth companies as well as for complex shareholder changes or succession arrangements of established companies.”
About Syngroh Capital
Syngroh Capital is a family investment company that pools the direct investment activities of the Klaus Grohe family. In their previous careers, the family members themselves have successfully mastered a wide range of entrepreneurial challenges and want to apply this wealth of experience in a value-oriented manner to other investments as well. Syngroh Capital invests in medium-sized companies with convincing product and service ideas that are headquartered in German-speaking countries and have an enterprise value of between 10 and 50 million euros. Syngroh Capital has committed 100 million euros for these investments. The focus is on succession solutions, the support of change and internationalization processes as well as spin-offs of non-core business activities. In line with the family’s entrepreneurial DNA, the entrepreneurial idea, a value-based course of action and a long-term approach to growth are key in the investment decisions of Syngroh Capital. For more information: www.syngroh-capital.com
About Novopress
Founded in 1969 by the families Zangen and Dischler, Novopress stands for high-quality tools and machines offering economic benefits due to their longevity as well as fast and easy handling. The product range includes crimping tools for pressing cable lugs for industrial control cabinet construction in the electrical industry as well as pressing tools for installing pipes and fittings made of steel, copper or plastic in the industrial and construction sectors. Thanks to 50 years of experience and sustained high investments in research and development, Novopress has achieved a technologically leading market position which it is continuously expanding. Novopress employs around 130 employees and operates a sales and service network in Europe, USA, Australia and Asia. For more information: www.novopress.de
Press contact for Syngroh Capital and Novopress:
Charles Barker Corporate Communications
Jan P. Sefrin
Tel. +49 69 79 40 90-26
E-Mail syngroh@charlesbarker.de
