Healthcare
Euromechanics Medical: Handover of a life's work
The project at a glance
Key Facts
Client
Euromechanics Medical GmbH
Acquiror
LAP GmbH
Target
Euromechanics Medical GmbH
Sellers
Roman Harmansa
Healthcare
Vertical
€1–10M
Deal Size in EUR
Germany
Countries
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2017
Year
“This proved to be the ideal partner: Both companies are family-run, have a similar cultural identity and share common customers. The customers benefit the most from the integration of the two companies.”
Bernd Uwe Wache
CEO LAP GmbH
Approach
Roman Harmansa wished to sell the company and set other priorities in this new phase of life. As there would be no internal succession despite four children, a strategic investor was preferred to guarantee a good home for his company.
Challenges
As the market segment was very narrow with only five competitors world-wide and no obvious buyer, Walther Transaction managed a broad bidding process. WT qualified 130 potential investors and received six offers of purchase. In a challenging final phase, LAP was identified as the best fit.
Results
Walther Transaction found a good home for Euromechanics in LAP, a company and strategic investor roughly ten times larger and with a high strategic fit. LAP offered a fair valuation, 100% takeover with a decent earn-out component and a secure transaction structure.
