Transaction

Uhlig Rohrleitungskomponenten GmbH, a manufacturer of pipeline components for industrial plants and former subsidiary of Uhlig Holding GmbH (“Uhlig Holding”), gets a new majority shareholder with dannenmann holding GmbH (“dannenmann”). In addition to dannenmann, the management team of Uhlig Rohrleitungskomponenten GmbH will become shareholders as well.

Pava Partners exclusively advised the main shareholder of Uhlig Holding, NORD Holding Unternehmensbeteiligungsgesellschaft mbH (“NORD Holding”), as well as the other shareholders WHB GmbH and CSH Invest GmbH during the process. The transaction comprises Uhlig Rohrleitungskomponenten GmbH and its subsidiary Uhlig Z(f)P GmbH. The parties involved have agreed not to disclose financial details.

Client

About Nord Holding

With a 50-year history and assets under management of € 2 billion, NORD Holding is one of the leading private equity asset management companies in Germany. Their focus lies in their direct investments and fund of funds investment divisions. Direct business focuses on structuring and financing corporate succession models, the takeover of group divisions/subsidiaries and expansion financing for medium-sized companies. In contrast to most other financial investors who only manage funds for a limited period, NORD Holding acts as a so-called “Evergreen Fund” with no time limit and invests from its own balance sheet. At present the company is invested in more than 10 companies in Germany and German-speaking countries.

 

About Uhlig Rohrleitungskomponenten

Uhlig Rohrleitungskomponenten GmbH is a manufacturer of pipe elbows and fittings (tees, reducers) and special components (e.g. spools) for industrial applications such as power plants, plant construction, offshore, shipbuilding, pipelines, compressor stations, chemical and petrochemical plants and for the construction of appliances and containers. The 100% subsidiary Uhlig Z(f)P GmbH is an accredited welding and testing technology center. Both companies were spun off from the former Uhlig Rohrbogen GmbH in Langelsheim in March 2020 under the umbrella of Uhlig Holding in order to strengthen and strategically optimise the future development of the individual divisions.

Buyer

About dannenmann

The dannenmann holding GmbH is closely linked with the dannenmann gmbh. The owner-managed company dannenmann, based in Heidenheim an der Brenz, is a business with over 80 years of tradition and experience in the construction of pipe fittings as well as in tank and apparatus engineering. With certified core competencies in forming and welding technologies, dannenmann has distinguished itself as a reliable quality manufacturer of tube turns, pressure vessels, casings and welded parts for various fields of application, from the chemical, paper-food industry, petrochemical industry and power plant construction to missile technology.

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