IMAP successfully advised the owners of Karl Reichenbach GmbH, manufacturer of rubber parts, headquartered in Durmersheim near Karlsruhe, on the sale of a majority of shares to Lampe Privatinvest. In addition, Christoph Mosmann, a sector experienced co-investor acquired a minority stake in the company and brought in an operating manager who also invested in the business. The founding family Wuest-Reichenbach will remain in the company as minority shareholders. Founded in 1941, the company is a well-established small volume manufacturer of rubber parts with a specialization in technical elastomer products, such as silicone seals for gas burners, rubber pads for fifth-wheel coupling or lip seals especially for household appliances and the automotive industry.
Lampe Privatinvest is an investment company, financed by a selected group of entrepreneurial private investors and is part of Bankhaus Lampe Group. Lampe Privatinvest focusses particularly on succession situations, growth strategies and other changes in the shareholder structure. The company's portfolio currently comprises five companies.
The former main shareholder of Karl Reichenbach GmbH, Thomas Wuest-Reichenbach, is highly satisfied with the transaction: "Thanks to the expertise and the network of the IMAP advisors, we found the ideal succession solution: a long-term oriented financial investor with a well-known industry expert as co-investor teaming-up with an experienced manager, who is also financially committed. We couldn't have wished for a better constellation."
On behalf of the shareholders, IMAP approached several suitable strategic as well as financial investors in a structured sales process and negotiated the deal successfully with the best bidder.
IMAP's advisory team consisted of Dr. Carsten Lehmann, Torsten Denker and Philippe Mullenbach.
Over 90 delegates from IMAP member firms representing 32 countries congregated in Miami on October 25th - 27th for IMAP’s 2018 Fall conference. The conference was hosted by Falls River Group, IMAP’s partner firm in Florida, and was set around the theme of ‘Disruptive Innovation’.