Saxenhammer & Co. advised a group of investors including Crosslantic Capital on the acquisition of Hakle from palero capital. The company is one of the best-known tissue paper brands in Germany with a tradition going back more than 90 years. Crosslantic Capital is an independent private equity firm that invests into fast growing companies.
Saxenhammer & Co. acted as the exclusive financial advisor to the buyers and successfully supported them in a complex buy-side process. Saxenhammer & Co. helped to establish a senior debt line and mezzanine tranche and successfully maneuvered its clients through the vendor-led, highly competitive M&A process.
The new owners are represented by Crosslantic Capital, which has been a shareholder of Hakle in previous years.
Volker Jung, new managing director of Hakle, commented: “We are very satisfied with the result of this transaction. This allows Hakle to optimally exploit its diverse growth potential such as continuous operational improvement, strategic expansion and the development of new product segments”.