TEXT-NIBC acquires German ball bearings maker Gebr. Reinfurt

 

 

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March 4 (Reuters) - The following statement was released by NIBC:

NIBC Capital Partners has acquired the German ball bearings manufacturer Gebr. Reinfurt GmbH Co. KG (GRW) from its current family shareholders.

GRW is a specialist manufacturer of miniature, high-precision ball bearings with a market leading position in Europe. Founded in 1942, the company is headquartered in Wurzburg, Germany, and has production facilities in Germany and in Czech Republic. The company currently employs approximately 480 people and will continue to be led by the incumbent management team headed by CEO Peter Fritz. GRW will remain an independent company and a separate legal entity.

The transaction marks a seamless succession from family structures and secures a solid foundation for continued growth and international expansion. NIBC Capital Partners is excited to be embarking on this next chapter of the GRW story, further fostering the attractive business and talented workforce.

Debt financing was provided by Investkredit Bank. Advisors involved in this transaction included: Mayer Brown (legal due diligence), KPMG (finance/tax), Warth & Klein (finance/tax), Helbling (commercial), Willis (insurance).