DGAP-News: Callista Private Equity GmbH: Acquisition of Globus Gummiwerke GbmH closed


DGAP-News: Callista Private Equity GmbH / Key word(s): Acquisition/Private
Equity
Callista Private Equity GmbH: Acquisition of Globus Gummiwerke GbmH closed

03.05.2016 / 14:33
The issuer is solely responsible for the content of this announcement.

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Munich, May 3rd, 2016. Callista Private Equity GmbH ("Callista Private
Equity") announces the acquisition for the entire shares of Globus
Gummiwerke GmbH (prospectively Poppe Ahrensbök GmbH) by Callista Holdings
GmbH & Co.KG. All conditions precedent have been fulfilled by the parties
and the shares of the Globus Gummiwerke GmbH are now transferred. The Poppe
Ahrensbök GmbH was formerly owned by Poppe GmbH Gießen, a previous group
entity of the Poppe-VERITAS-Group, which intends to focus on their core
business and thus divested this business within a structured process for a
single-digit million purchase price.

Mr. Marc Zube has been immediately appointed as Managing Director and will
lead the restructuring on-site as representative of the new shareholder.

The Globus Gummiwerke GmbH, with its 100 year history as a traditional
family business, as a supplier in markets for elastomerics and technical
tubular rings, wins over its high expertise in material, development and
the manufacturing process. The company generates over EUR 32 million in
revenues with its 235 employees.

In the two months between Signing and Closing, Callista Private Equity has
setup a profound funding for the restructuring and debt relief. This is a
main milestone for a sustainable growth.

About Callista Private Equity 
Callista Holdings GmbH & Co.KG ("Callista Private Equity") headquartered in
Munich, Germany focuses on the acquisition of majority stakes of distressed
companies, business units or non-core group assets with negative
EBIT-margins. The success of Callista Private Equity is based on the
operational and financial improvement of company structures to enable a
long-term growth. The international management team of Callista Private
Equity provides the company with deep industry and turn-around expertise to
initiate restructuring measures and to return to sustainable profitability.
www.callista-pe.de  

Contact: 
Christian Muschick 
Callista Private Equity GmbH
Konrad-Zuse-Platz 8 
D-81829 Munich 
T +49 89 207042-430 
F +49 89 207042-431 
c.muschick@callista-pe.de


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03.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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