The transaction team of C▪H▪Reynolds▪Corporate Finance AG, led by Markus Kluge and Stefan Constantin, advised Blanchon Group, a portfolio company of IK Partners and Abenex Capital, on the acquisition of the Dr. Schutz Group. Together with Forvis Mazars France, a comprehensive acquisition strategy was developed beforehand for the client. C▪H▪Reynolds advised its client comprehensively, from the initial approach of a number of German target companies through to closing.
This transaction is another example of our expertise in the paints and coatings market as well as in the successful development and implementation of acquisition strategies at an international level. With this acquisition, Blanchon enters the German market, which is the largest flooring market in Europe by volume. Dr. Schutz will continue to operate as an independent company under the Blanchon Group. Dr. Karl-Michael Schutz will remain in charge of the company and will continue to assume overall responsibility for the German market and the “vinyl floor renovation” business unit. We are pleased to have contributed to such a positive outcome for all parties involved.
The full transaction announcement can be found here.