Transaction

Transaction Details

Closed
December 2, 2017

Sector

Capital Goods and Heavy Industries, Industrials and Industrial Technology

Deal Type

Debt Advisory

Deal Value

N/D

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GCA Advises Equistone on the Acquisition Financing of Bien-Zenker and Hanse Haus

GCA acted as debt advisor to Equistone Partners on its acquisition of market-leading prefabricated home manufacturers Bien-Zenker and Hanse Haus from the Munich-based industrial holding ADCURAM Group AG.

Bien-Zenker and Hanse Haus design, manufacture, sell and build prefabricated homes in Germany, Switzerland and the UK. The companies’ three renowned brands – Bien-Zenker, Living Haus and Hanse Haus – offer customers a complementary range of houses, from entry-level houses with self-build options to luxurious turnkey residences.

Bien-Zenker, founded in 1906, provides mid-range houses and is a pioneer of sustainability within the prefabricated property space. Bien-Zenker recently launched the independent brand Living Haus to appeal to quality-conscious but price-sensitive customers. Living Haus customers receive a self-build interior kit, enabling them to customize how they design and arrange their home’s interior. Hanse Haus, founded in 1929, offers bespoke homes designed by experienced architects for each homeowner’s unique requirements.

Stefan Maser, Partner at Equistone, said: "The highly fragmented prefabricated home market offers great growth potential. Bien-Zenker and Hanse Haus as well as the Living Haus brand are all players with very strong market positions. We want to build on this, above all by driving organic growth across the companies."

GCA provided debt advice on all commercial aspects of the acquisition financing and secured a competitive debt package that reflects the company’s specific requirements.

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