Italy’s private equity firm Ambienta sgr sold its stake in the capital of Germany’s Oskar Nolte to Peter Möhrle Holding, a family office based in Hamburg (see here the press release). Livingstone Partners was m&a advisor for the deal while Watson Farley Williams supported as for legal issues and PKF for financial issues.
Oskar Nolte is a leader in the production of lacquer coating and lacquer systems for the furniture industry, and distributes its products worldwide from its production base in Kirchlengern, Germany. The company provides eco-sustainable solutions based on highly ecological products and efficient production processes, and is a leader in the development of completely solvent-free products.
Ambienta had invested in Oskar Nolte more than 20 million euros in April 2015 after a study to understand the impact of environmental trends on the chemical industry. Back then Ambienta had just opened its office in Düsseldorf (see ahere a previous post by BeBeez) and with that deal the private equity firm had bought its stake in Oskar Nolte the family of the ceo Guido Pühse, joining the Rothensee family in the capital of the company. Mr. Pühse will now remain in the company as a member if its supervisory board.
Under the Ambienta governance, Oskar Nolte has moved from a typical family business management to an organization based on a larger management team including a new ceo, Arne Deussen, a coo and a cfo. Thanks to the support of Ambienta, the company has significantly increased its international presence, opening for example a new branch in Turkey and increasing its presence in global markets. In this way, Oskar Nolte has achieved an annual growth in double digit turnover over the past three years, reaching 50 million euros in revenues in 2017 with a 40% ebitda margin. Thanks to these figures Oskar Nolte is said to be valued about 100 million euros.