Zephyr Group Acquires Twinco and Carl Baguhn to Expand Global Reach
Deal News | Dec 03, 2024 | Finance Community IT - 1 Corporate M&A
Zephyr Group, supported by the private equity fund Sviluppo Sostenibile, has acquired 100% of Twinco and Carl Baguhn. Twinco, based in Singapore, and Carl Baguhn, with locations in Hamburg and Barranquilla, specialize in spare parts distribution and engine maintenance. This acquisition positions Zephyr Group as a leader among independent distributors of diesel and gas engine parts, significantly enhancing its global strategic presence and product portfolio. Zephyr was assisted by Spada Partners, KPMG, and ERM for due diligence and Curtis, Mallet-Prevost, Colt & Mosle LLP for legal advice. The acquisition strengthens Zephyr's managerial team with the addition of Marco Ficarra as General Director. Paolo Castagnet and Giuliano Palazzo, representing Zephyr and Sviluppo Sostenibile respectively, highlight the synergies and market expansion resulting from this strategic move.
Sectors
- Private Equity
- Marine Engineering
- Mergers and Acquisitions
Geography
- Italy – Sviluppo Sostenibile, the supporting PE firm, is based in Italy.
- Germany – Carl Baguhn is headquartered in Hamburg, Germany.
- Singapore – Twinco is headquartered in Singapore.
- Colombia – Carl Baguhn operates a subsidiary in Barranquilla, Colombia.
Industry
- Private Equity – Involves Sviluppo Sostenibile, a private equity firm supporting the transaction.
- Marine Engineering – Related to Zephyr Group, Twinco, and Carl Baguhn, engaged in marine engine parts and services.
- Mergers and Acquisitions – The article focuses on the acquisition of companies by Zephyr Group.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Zephyr Group | Acquirer | Company | A company active in the distribution of spare parts for marine and power plant engines. |
| Twinco | Target | Company | A Singapore-based company providing spare parts and maintenance for marine engines. |
| Carl Baguhn | Target | Company | A Hamburg-based company known for its maintenance services for diesel and gas engines, with a subsidiary in Colombia. |
| Sviluppo Sostenibile | Supporter | Private Equity | A PE fund specializing in investments in Italian SMEs with an ESG focus. |
| DeA Capital Alternative Funds SGR | Fund Manager | Company | The management firm of Sviluppo Sostenibile fund. |
| VSL Club | Investor | Company | Co-investor in Zephyr Group alongside Sviluppo Sostenibile. |
| Spada Partners | Financial Due Diligence Advisor | Company | Provided financial due diligence services for the acquisition. |
| KPMG | Tax Due Diligence Advisor | Company | Conducted tax due diligence for the acquisition. |
| ERM | ESG Due Diligence Advisor | Company | Handled ESG due diligence for the acquisition. |
| Curtis, Mallet-Prevost, Colt & Mosle LLP | Legal Advisor | Company | Provided legal advice to Zephyr Group for the acquisition. |
| Paolo Castagnet | CEO of Zephyr Group | Person | Leader at Zephyr Group, announced the strategic importance of the transaction. |
| Giuliano Palazzo | Managing Director of Sviluppo Sostenibile | Person | Supported the deal as a financial partner. |
| Andrea Valenti | Investment Director of Sviluppo Sostenibile | Person | Highlighted the build-up strategy underlying the acquisition. |
| Marco Ficarra | General Director at Zephyr | Person | Newly appointed Director with multinational experience. |