Delphi Advisors has advised Serafin Unternehmensgruppe on the divestiture of its portfolio company eurocylinder systems AG
Delphi Advisors advised Serafin Unternehmensgruppe, a German privately held, global diversified industrial holding with €1+bn revenue and 5,000+ employees, on the divestiture of its portfolio company eurocylinder systems AG (ECS) to Cylinders Holding, a privately held, leading European manufacturer of cylinders and compressed gas storage and transport solutions headquartered in the Czech Republic. ECS is an Apolda, Germany headquartered developer and manufacturer of high pressure, seamless Type 1 cylinders for compressed and liquefied gases, with a Top 5 market position in Europe looking back on a rich industrial heritage dating back to the 1930s. ECS’ cylinders range from 0.74L-80L volume and are used in a range of demanding growth applications, including industrial, medical, fire and rescue, food and beverage, diving and hydrogen.
With the entry of the new strategic owner, ECS will continue its growth path as a specialist for high-pressure steel cylinders and will benefit from access to further products and technologies developed at Cylinders Holding. As a result of the divestiture, Serafin increases its focus on the development of and investment in its core platforms pursuant to its long-term investment strategy.
Delphi Advisors acted as the exclusive strategic and financial advisor to Serafin, including overall project structuring and management, international market sounding with strategics and financial sponsors, execution, contractual negotiations and guidance throughout the competitive M&A process. With this transaction, Delphi Advisors successfully completed another complex, cross-border industrial mandate.