Jost Hartmann
Proventis Partners
Twinco Ltd, Carl Baguhn GmbH & Co KG
Deal Type
Company sale
Sector
Business Services
Completion Date
3rd December 2024
Deal Value
Not disclosed
Company Background
Twinco as well as Carl Baguhn are well recognized, highly skilled service partners for the marine and power industries. The companies combine workshops and on-site service with the supply of OEM spare parts. Carl Baguhn Hamburg, founded in 1905, is a quality-oriented solution provider with more than 100 years of experience, supplying original spare parts and field services for the marine and power industry. Carl Baguhn Baranquilla, founded in 2019, is the innovative partner for maintenance, repair and sales of diesel engines for the marine and power industry. Twinco, founded in 1994, is a specialist distributor for European OEM large diesel engine spare parts in Asia, serving the marine and power industry.
Deal Summary
Zephyr Group widens its geographical reach and product offering by integrating Twinco Ltd, based in Singapore and established in 1994, focused on diesel engines spare parts and services for the marine and power plant industries in the Asia-Pacific region, and Carl Baguhn GmbH & Co KG, a 100+ years company based in Hamburg (Germany) specialized in maintenance, repair and sales of diesel and gas engine components, also active in Central-South America via its subsidiary based since last decade in Barranquilla (Colombia). Carl Baguhn is also renowned for custom fabrication of repair-size plain bearing, as well as for in-situ repairs for crankshafts and engine blocks carried out around the globe.
After this transaction, the newly formed group will become the leading independent provider of advanced quality solutions for diesel, gas and new fuel engines, with a remarkable footprint strategically spread around the globe, able to provide an even more complete portfolio of spare parts and services for most of the existing engines, serving thousands of clients and their ships and power plants worldwide
Value Added
Proventis Partners supported the shareholders and management of Twinco (Singapore) and Carl Baguhn (Germany and Colombia) throughout the entire M&A process. Services included the preparation of all transaction documentation, the identification and approach of suitable investors, the coordination of due diligence and the commercial negotiation of the transaction.
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