November 2013

SEAFORT launches first fund and buys three companies from Auctus

In a secondary portfolio transaction, Seafort Advisors has acquired Cologne-based Noventiz Group, Nuremberg-based DialogFeld Communication Group, and Dieter Braun Group, headquartered in Bayreuth, from Munich-based private equity firm AUCTUS. The fund managed by Seafort has been able to attract institutional investors from the US, the UK and France for the acquisition. Noventiz develops collection and disposal solutions for the packaging and recycling sector. DialogFeld is one of the leading independent marketing agencies with offices at six locations in the German-speaking area. Braun develops and manufactures cable and interior lighting systems for the automotive and white goods industries, as well as for engineering companies with locations in Eastern Europe and China. ARGONAS Corporate Finance Advisors advised the newly-formed private equity firm as exclusive M&A and debt advisor on the acquisition of the companies as well as the financing structure of the acquisition and the companies.

press release (PDF)