Patrimonium provides acquisition financing to Bencis for the acquisition of Heytex Group
Patrimonium Middle Market Debt Fund, a private debt fund of Patrimonium Asset Management AG (“Patrimonium”) focused on middle market companies, has provided financing to Bencis for the acquisition of Heytex Group (“Heytex”).
Heytex, with headquarters in Bramsche, Lower Saxony and subsidiaries in Ebersbach-Neugersdorf (Saxony), Nijverdal (Netherlands), Zhangjiagang in the People’s Republic of China (Jiangsu Province) near Shanghai, as well as Pulaski (Virginia), USA, is one of the world’s leading manufacturers of laminated and coated technical textiles with over 550 employees.
At the Bramsche site, significant investments have been made in machinery, equipment and infrastructure in recent years. Likewise, the USA and China sites have been equipped with modern and efficient coating lines.
This enables Heytex, as the only supplier in this industry with production sites on three continents, to react in the best possible way to the technical and regional challenges of its customers.
Raphael Weller, Managing Director at Bencis : “Heytex has developed very successfully over the past years and we are pleased to continue the growth path together with the management. For this purpose, financing partners have been found in Patrimonium and Sparkasse Osnabrück, who have provided a financial structure with sufficient flexibility for the company’s further growth.”
Hans-Dieter Kohake, CEO of Heytex added: ” As a management team, we very much welcome the opportunity to continuously shape the future of Heytex with strong partners at our side. With Bencis and Patrimonium, we continue to see ourselves as very well positioned to sustain success in meeting the challenges in the market. We look forward to working together.”
Moritz Frerker, Senior Director Patrimonium Private Debt: “Heytex has shown positive growth and resilience over the past years as a leading provider in a challenging environment. We are pleased to be able to support Bencis and the management in the implementation of the growth plans as well as the further development of Heytex with a flexible financing package.”
Bencis is an independent investment company founded in 1999 by Zoran van Gessel and Jeroen Pit and has invested through six funds with total equity of EUR 2.2 billion. Bencis’ EUR 575 million Fond VI is being invested since 2021. The Bencis team consists of 32 professionals based in Düsseldorf, Amsterdam and Brussels. Currently, the Bencis portfolio comprises 31 companies with a combined turnover of around EUR 1.8 billion and 9,500 employees.
Patrimonium is an independent Swiss asset and fund management company in the field of private market investments, regulated by the Swiss Financial Market Supervisory Authority (FINMA). Patrimonium is characterised by a direct and responsible investment approach in the asset classes real estate, private debt, private equity and infrastructure. Patrimonium manages assets of CHF 4.2 billion (as of December 2022). With offices in Lausanne, Zurich and Zug, the firm employs over 70 people.
Patrimonium was advised on the transaction by Ashurst (Dr Tobias Krug and Sabrina Bremer). Bencis was advised by Allen & Overy (Thomas Neubaum and Dr Rauni Ahammer) and Clearwater International (Dr Heinrich Kerstien and Khalid Afras), among others.