News
CE Capital sells majority stake in Friedrich Wilhelms-Hütte to armaments company Krauss-Maffei Wegmann (KMW)
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Formal transfer of business operations takes place after the approval of the responsible authorities
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The approx. 260 employees have already been informed about the sale and the further procedure
Hamburg, December 20, 2022. The Hamburg investment company CE Capital Partners sells the majority stake in Friedrich Wilhelms-Hütte under the name of FWH Stahlguss GmbH ("FWH"), a traditional manufacturer of cast steel products from Mülheim an der Ruhr, to the Munich-based armaments company Krauss-Maffei Wegmann ("KMW"). . CE Mülheim Verwaltungs-GmbH, which is responsible for the provision of services and administrative tasks, is also transferred to KMW with a majority stake. The corresponding purchase agreements were already concluded on December 16, 2022. Formally, the takeover will be completed after the approval of the responsible authorities.
“FWH is the European leader in high-quality cast steel products. This was the decisive motivation for our participation during the takeover last year.” Says Nicolas Neumann, managing partner of CE Capital Partners GmbH and managing director of Friedrich Wilhelms-Hütte. Lars Steinheider, also Managing Director of FWH, adds: “The volatile energy supply markets were a major challenge for FWH as a so-called energy-intensive company last year. We are therefore very pleased that Krauss-Maffei Wegmann wants to shape the further growth story of FWH in the role of majority shareholder."
The transaction was carried out for CE Capital Partners by the consulting firm goetzpartners Corporate Finance GmbH, led by Sebastian Achleitner, and by the law firm McDermott Will & Emery, led by Dr. Björn Biehl accompanied.
Seller and buyer have agreed not to disclose the purchase price and the general economic conditions.
Contact:
CE Capital Partners GmbH
Nicolas Neuman
