MUNICH: Mutares SE & Co. has efficiently sold its portfolio firm STF Balcke-Dürr S.r.l., which has been a half of the Balcke-Dürr Group, to C Capital S.r.l.
STF was acquired in 2018 as add-on funding to the Balcke-Dürr Group. The firm is active within the development, design, manufacturing and on-site meeting of warmth exchanger components, titanium components and air filtration systems for various sectors.
STF employs over 150 people at its three websites in Gerenzano, Marghera and Fontignano in Italy. With the company’s extensive know-how in innovative manufacturing strategies and high quality management standards, in addition to in processing a variety of materials, STF serves a diversified, worldwide blue-chip buyer base with all well-known oil & gas and petrochemical companies in its portfolio.
In doing so, the firm offers its customers not solely exceptionally reliable, safe, and environmentally pleasant solutions, however additionally customized options at short notice.
The integration of the remaining engineering and repair companies of Balcke-Dürr in Europe is being pursued with the newly acquired NEM Group within the Netherlands materializing significant synergies and offering a broad vary of service offering to the prolonged buyer base.
Johannes Laumann, CIO of Mutares SE & Co. KGaA, comments: “STF Balcke-Dürr sale marks our fifth exit in 2022. With the integration of the remaining enterprise into NEM our customers will extensively profit and we will streamline our operations.”
C CAPITAL, owned by KSHI LDA, a Portuguese funding company, is a monetary advisory boutique and fairness partner, with offices in Milan, Rome and Padova, consisting of a group of extremely skilled professionals within the legal, firm and monetary fields with a multidisciplinary and extremely specialised background.