PE firm DBAG sells parts of Pfaudler Group stake
September 25, 2020
DBAG Fund VI and PE firm Deutsche Beteiligungs AG have restructured their investment in the Pfaudler Group, a provider of solutions, technologies and services for the process industry. The listed Indian subsidiary GMM Pfaudler Ltd. and the second largest GMM shareholder, the Patel family, are acquiring 80 pct. of Pfaudler's European and American core business. DBAG and DBAG Fund VI will retain a 20 pct. stake in the Pfaudler Group. The transaction will create the conditions for closer global cooperation between the two companies. The closing of the transaction is still subject to the fulfillment of various conditions and is expected in a few months. In FY17/18 Pfaudler had revenues of EU 32m.
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