Henko Partners Secures €100m Stake in Balflex
Deal News | Nov 18, 2024 | Iberian Lawyer
Henko Partners, an Iberian private equity firm, has made its largest investment to date with the acquisition of a majority stake in Balflex, a Portuguese manufacturer specializing in high-pressure hydraulic components, for €100 million. Balflex serves both the aftermarket and original equipment manufacturers (OEMs). This acquisition marks Henko's third investment in Portugal, following its earlier investments in Link and Quadrante, further solidifying its presence in the region. Legal advisory for the transaction was provided by the law firm Bird & Bird, with partner Santiago Lardis, alongside associates Julieta Bermudez and José Luis Quintanilla, leading the legal counsel. This strategic deal not only highlights Henko's growing footprint in the Portuguese market but also emphasizes Bird & Bird's capability in managing intricate cross-border transactions for private equity firms.
Sectors
- Private Equity
- Manufacturing
Geography
- Portugal – Balflex, the company being acquired, is based in Portugal, and this acquisition marks Henko's third investment in the country.
- Iberian Region – Henko Partners, the acquiring private equity firm, is located in the Iberian region, illustrating their strategic investment decisions within this geographic area.
Industry
- Private Equity – The acquisition of Balflex by Henko Partners is a significant deal within the private equity sector, highlighting the firm's investment strategy and expansion within the Iberian market.
- Manufacturing – Balflex operates in the manufacturing sector, specifically in the production of high-pressure hydraulic components, serving both the OEM and aftermarket sectors.
Financials
- €100 million – The acquisition price paid by Henko Partners for the majority stake in Balflex.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Henko Partners | Bidding Company | Company | An Iberian private equity firm involved in the acquisition of Balflex. |
| Balflex | Target Company | Company | A Portuguese manufacturer specializing in high-pressure hydraulic components. |
| Bird & Bird | Legal Advisor | Company | A law firm providing legal counsel to Henko Partners in the Balflex acquisition. |
| Santiago Lardis | Partner, Legal Team Leader | Person | Partner at Bird & Bird, leading the legal team advising Henko Partners. |
| Julieta Bermúdez | Associate | Person | Associate at Bird & Bird, supporting the legal team in the acquisition. |
| José Luis Quintanilla | Associate | Person | Associate at Bird & Bird, supporting the legal team in the acquisition. |