Brockhaus Capital Management AG ("BCM") acquires a majority stake in Karlsruher Palas GmbH Partikel- und Lasermeßtechnik ("Palas"), a provider of technologically leading high-precision devices for measuring, characterizing and generating particles in air, particularly in the field of fine dust and nanoparticles. IMAP accompanied the shareholders in their search for a succession arrangement for company founder Leander Mölter (71), who is retiring from the company.
Dr. Maximilian Weiß, long-time CEO and Head of R&D and Production, who is also a minority shareholder, will continue to hold a significant minority stake in the firm and manage it as CEO. With the support of BCM, Palas intends to expand its position in the worldwide growth market for air quality measurement and also to further expand internationally.
With more than 20 active patents, Palas GmbH develops technologically leading and certified fine dust and nanoparticle measurement devices, aerosol spectrometers, -generators and -sensors as well as associated systems and software solutions. Palas was founded in 1983 and has approximately 70 employees who are based at the firm’s headquarters in Karlsruhe.
BCM AG is focused on long-term investments in technology driven and innovation led growth companies in the German-speaking region. In this segment, the team behind BCM has established a longstanding successful track record. The company invests in fast growing firms with proven strengths in innovation and aims at achieving a sustainable value appreciation of its portfolio companies. As a technology holding in form of a stock corporation, BCM offers investors the opportunity to participate in this value creation.
An IMAP team led by Karl Fesenmeyer, Michael Knoll and Catharina Peters exclusively advised the sellers in the search for a suitable partner and supported them in structuring, negotiating and closing the transaction within a few months as part of a competitive process.
The report is based on the results of a survey undertaken at the end of 2018, whereby IMAP partners across the world were asked for their views on the M&A markets in 2018, as well as their expectations for 2019.
IMAP was able to increase the number of successfully completed transactions in 2018: from 204 to 208 deals worldwide and from 20 to 25 transactions in Germany. This puts IMAP again among the top 10 M&A advisors for deals up to USD 500m in the Thomson Reuters ranking.