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15th May 2017

Advent International and PAI Partners enter into exclusive negotiations for the acquisition of IPH

Advent International (“Advent”) has entered into exclusive negotiations today to acquire IPH, a European industrial supplies distributor, from PAI Partners.

IPH distributes industrial supplies for maintenance and production applications in Europe. It offers power transmission products, machining solutions, industrial supply solutions and product-related services. IPH serves a range of industries, including heavy industry, chemical and pharmaceutical, food-processing, energy, transport, automotive, petrochemicals, and mechanical engineering industries. In 2016, IPH generated revenues of €1.3 billion.

Advent, who took private Brammer Limited (“Brammer”) from the London Stock Exchange earlier this year, intends to combine IPH with Brammer, to create a leading European distributor of industrial supplies, with over €2.1 billion in revenues. The complementary geographic coverage, product knowledge and breadth of offering will further strengthen the value proposition for customers and suppliers.

The proposed transaction is subject to customary approvals, such as the completion of the consultation process with the workers’ councils, the signing of a definitive agreement and antitrust and regulatory clearance.

Hermann Maier
Brammer Group Chief Executive

 

About Advent International

Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in 325 private equity transactions in 40 countries and as of December 31, 2016, it had €39 billion in assets under management. With offices on four continents, Advent has established a globally integrated team of over 180 investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; healthcare; industrial; retail, consumer and leisure; and technology, media and telecom. After more than 30 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.
For more information, visit www.adventinternational.com

About PAI Partners

PAI Partners is a leading European private equity firm with offices in Paris, London, Luxembourg, Madrid, Milan, Munich, New York and Stockholm. PAI manages €8.3 billion of dedicated buyout funds. Since 1994, the company has completed 61 transactions in 11 countries, representing c. €42 billion in transaction value. PAI is characterised by its industrial approach to ownership combined with its sector-based organisation. They provide the companies they own with the financial and strategic support required to pursue their development and enhance strategic value creation.
For more information, visit www.paipartners.com

 


 

 

16th March 2017

Hermann Maier appointed CEO of Brammer

16 March 2017 – Brammer Ltd ("Brammer”), a leading distributor of industrial maintenance, repair and overhaul (MRO) products and services, today announces the appointment of Hermann Maier as its new Chief Executive, starting Friday 17th March.

Johan Sleebus will relinquish his responsibilities as Interim Chief Executive and Executive Chairman and will resume his position as Chairman of the Board.

Hermann Maier has a strong track record of 23 years in the industrial distribution industry in various roles including business development, business transformation and complex integrations.

As a Member of the Executive Board at Eriks group from 2002 to 2015, Hermann had global responsibility for the entire products and services portfolio, all regional management teams across Europe, North America and the Far East and headed up the global acquisition strategy. Prior to that, he was the CEO of Eriks Germany and Central Europe between 1997 and 2001.

Most recently, since 2015, Mr Maier ran his own consulting business focused on business reengineering and strategic development planning.

Commenting on the announcement, Johan Sleebus, Chairman of the Board, said, “On behalf of the Board and our owner, Advent International, we are confident that Hermann will be a source of stability and experienced stewardship in returning Brammer to profitable growth.”

Hermann Maier, incoming CEO, added, “I´m delighted to be joining Brammer Ltd, a leading player in its sector with a strong heritage. It´s an exciting time in the company´s long history with the current business transformation underway and I´m looking forward to getting up to speed and familiarising myself with the company’s operating businesses so that together with the wider team, we can strengthen Brammer’s leadership position in the European industrial MRO distribution market.”

 


 

 

7th March 2017

Our priority is to continue to serve our customers even more effectively

 Brammer is one of Europe´s leading suppliers of quality industrial maintenance, repair and overhaul (MRO) products.  The recent acquisition by Advent International is a great opportunity for us to implement our strategic priorities in order to serve all our customers more effectively. 

With this new and significant investment in our future, over the coming months our customers will see some changes at Brammer: improvements to our infrastructure to enhance our product and service capabilities; a new and more efficient sales channels to increase our customer experience; better technical support to ensure customers are at the centre of all Brammer do locally and everywhere across Europe in order to deliver even more value. 

So it’s not just business as usual here at Brammer.  It’s going to be an even better business.  We look forward to continuing to supply you with your MRO requirements. 

For more information on the changes and what is happening to make sure we serve you better, contact our team and we’ll keep you posted of developments as they happen.