Holzwerke Pfarrkirchen

Sale of one of Europe's leading wood processing companies

Sustainable building with wood: Successful sale of the traditional company Holzwerke Pfarrkirchen GmbH

DZ BANK Corporate Finance advises Lenbach Equity Opportunities II. GmbH & Co. KG from Munich on the sale of 100% of the shares in Holzwerke Pfarrkirchen GmbH to DEBA Group

With around 110 employees and an annual production capacity of 175,000 mᶟ, Holzwerke Pfarrkirchen GmbH is one of the leading wood processing companies in Europe. The company specialises in the manufacture of premium timber construction products such as solid structural timber (KVH®), laminated wood and scaffold panels. Customers are in particular prefabricated house producers and wholesalers, but also scaffolding manufacturers.

The investment fund Lenbach Equity Opportunities II GmbH & Co KG ("LEO II Fund"), exclusively advised by DUBAG Group from Munich, has acquired Holzwerke Pfarrkirchen GmbH, founded more than 80 years ago as a sawmill in Pfarrkirchen (Bavaria), from the Finnish-Swedish wood and paper group Stora Enso in 2019. Within less than a year, the separation from the group and the establishment of independent, midcap structures was successfully completed. In addition, the LEO II Fund made considerable investments in the future viability of the site.

The buyer, led by Dr Sebastian Heckelmann, had been successful as a property developer, especially of residential properties, since the 1960s. Since 2004, the DEBA Group has focused on existing properties and their further development. The acquisition of Holzwerke Pfarrkirchen offers DEBA Group the opportunity to profit from a growing market.

DZ BANK Corporate Finance / M&A structured the entire transaction process as exclusive M&A advisor to the LEO II Fund.

On behalf of DZ BANK, Dr Wolfgang Wybranietz, Alex Brozmann, Jan Säcker and Torben Nowak were responsible for the transaction.

Wolfgang Wybranietz, DZ BANK:

„With the sale of Holzwerke Pfarrkirchen, we have successfully concluded the fifth transaction with DUBAG Group. We are very pleased to have been selected as trusted advisor once again.“

Alex Brozmann, DZ BANK:

„The LEO II Fund has digitalised all business processes after the carve-out and invested in highly automated and flexible machinery, which has led to an improvement in material yield and a reduction of costs. This significantly increased the attractiveness of the target and paved the way for a successful transaction.."

Jan Säcker, DZ BANK:

„The ecological footprint of a building is highly dependent on the used building materials and their manufacturing processes. The market share of the sustainable building material timber as used for two-family and single-family houses has increased significantly over the past few years. With DEBA Group, we are glad to have found a buyer who equally appreciates sustainable construction with timber."

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