- Greenpark Funds acquire a 49% interest in CFC portfolio
- Net cash inflow of EUR 22.5 million for CFC in the upcoming quarters
- Corporate management to remain with CFC
- Joint support for future development of portfolio assets
Palace Park Investments Ltd., Jersey has acquired a 49% interest in the holding portfolio of CFC Industriebeteiligungen GmbH & Co. KGaA (ISIN: DE000A0LBKW6; Frankfurt Stock Exchange/ General Standard) by notarial deed signed today.
The purchase price is EUR 22.54 million, of which an amount of close to EUR 13.5 million was paid at signing of the contract. The remaining amount is payable until the end of 2009. In case of a future profitable exit of the segment “Fashion Group”, currently including the companies delmod international GmbH & Co. KG and Hirsch Vertriebs GmbH, the agreement provides for a disproportionately higher share of the exit proceeds to be allocated to CFC Industriebeteiligungen due to this segment’s particularly bright prospects.
Palace Park Investments Ltd. is an acquisition vehicle specially established for this transaction. The company is funded by Greenpark Funds, Guernsey, specializing in secondary investments, i.e. investments in existing portfolios, advised in this transaction by London based Greenpark Capital Ltd..
CFC Industriebeteiligungen retains management control over the subsidiaries, thus providing for the companies’ consistent development. In concluding this transaction, new partner of CFC Industriebeteiligungen Greenpark has made the commitment to support the continued development and growth of the portfolio companies.
CFC Industriebeteiligungen GmbH & Co. KGaA
Dr. Frank J. Nellissen
Tel: + 49 (0) 231 222 40 500
Fax: + 49 (0)231 22240 501