Prefere Resins is one of Europe’s leading producers of phenolic resins. Seven production sites across six European countries are managed from the company’s head office in Erkner near Berlin. As a result of their capabilities in the addressing of safety issues and their comparatively low price, phenolic resins are among the most frequently used duroplasts, and are ideal for use in a wide range of applications in e.g. the insulation (wall insulation), construction, automotive and mechanical engineering sectors.
In partnership with the management team, capiton acquired a 100% interest in Prefere Resins from the Scandinavian chemical group Dynea in the course of a carve-out in 2014. The deal was proposed to capiton by Alois Schwarz, former managing director of the site in Germany. capiton benefitted from his exceptionally high level of expertise in the industrial sector, and from easy access to management.
Since capiton‘s entry into the market, Prefere Resins has already seen the positive effects of increasing the depth of added value by constructing a formaldehyde plant at the main site. At the start of 2016, a recapitalization of the company had been implemented successfully together with ICG. capiton continues to hold a majority interest.
Financing Events: Carve-Out, Management-Buy-Out