DGAP-News: Callista Private Equity sells 100% of MWK Schwaebisch Gmuend GmbH following successful carve-out

DGAP-News: Callista Private Equity GmbH & Co. KG / Key word(s):
Disposal
Callista Private Equity sells 100% of MWK Schwaebisch Gmuend GmbH
following successful carve-out

05.08.2014 / 16:55

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Munich, August 5th, 2014 - Callista Private Equity GmbH & Co. KG ("Callista
Private Equity") announces the sale of all shares of the aluminium foundry
MWK Schwaebisch Gmuend GmbH. New owner is the Dutch Eurotech Group B.V.
which thus becomes the leading European provider of high quality aluminium
sand casting parts and solutions.

MWK Schwaebisch Gmuend GmbH is a market leading European producer of heat
pumps using the sand casting method. With currently 170 employees it
generates annual revenues of above EUR 30m. Its client base includes BOSCH,
SIEMENS, ALSTOM and Buderus.

Following the acquisition Callista Private Equity successfully positioned
MWK Schwaebisch Gmuend GmbH outside a group environment as a standalone
entity.

The close co-operation of MWK Schwaebisch Gmuend GmbH with its former
sister company MWK Renningen GmbH, especially the joint production of parts
and the joint development of solutions will be continued after the change
of ownership. MWK Renningen GmbH remains in the portfolio of Callista
Private Equity.

With this transaction Eurotech Group B.V. gains access to important clients
and will increase its revenues significantly.

"This exit enables us to generate significant valuation uplift for our
investors. We will strongly focus on the repositioning of MWK Renningen.
Given a well-filled transaction pipeline we intend to close additional
transactions within this year. We e.g. like the automotive industry, in
this regard." says Olaf Meier, Chief Executive Officer of Callista Private
Equity.

Marc Zube, Chief Operating Officer of Callista Private Equity adds: "We
established MWK Schwaebisch Gmuend as a mid-sized operation and
strengthened the organisation, to now give it into the hands of a
successfully growing strategic investor. We thus have also generated a
lasting added value for the employees. This transaction is a typical one
for Callista Private Equity."

About Callista Private Equity

Callista Private Equity GmbH & Co.KG ("Callista Private Equity"),
headquartered in Munich, acquires distressed companies, non-core group
assets and business units. The company's success is based on the subsequent
restructuring process. Callista Private Equity employs a team of
experienced international experts to reorganize the operations of the
acquired company and concentrate on restructuring resulting in sustainable
profitability.
To find out more, visit www.callista-pe.de

Contact:
Axel Mühlhaus
T: +49 69 90550552
E: amuehlhaus@edicto.de



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05.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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280948 05.08.2014