Aurelius SE & Co. KGaA

M&A Activity • Feb 5, 2015

News Details

Corporate | 5 February 2015 07:30

AURELIUS buys European activities of Tavex Group

AURELIUS AG / Key word(s): Acquisition

2015-02-05 / 07:30

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AURELIUS buys European activities of Tavex Group

– Profitable revenues of EUR 45 million with denim material for jeans production

– Head office and logistics in Spain; production in Morocco

– Modern infrastructure and significant growth potential

Munich, February 5, 2015 – The AURELIUS Group (ISIN DE000A0JK2A8) is acquiring the European activities of Tavex Group. The division produces denim material for prestigious jeans producers primarily in Southern and Western Europe. In 2014, 580 employees generated revenues of EUR 45 million and positive earnings before interest, taxes, depreciation and amortization (EBITDA). The European activities concentrate exclusively on the production of high quality denim material. With the disposal, the Brazil-based parent company Tavex SA, is systematically pressing ahead with its strategy of concentrating on its core operations in South America.

The European operation of Tavex has its head office in Bergara, Spain. The central logistics facility is similarly found in Spain. The company-owned production plant is located in Settat, Morocco. The facility has the capability to turn out over 17,000 kilometers of material each year and its capacity is currently well used. In addition, more than 20 sales representatives work for the company throughout Europe. “The purchase of the European activities of Tavex is a classic AURELIUS deal,” comments Donatus Albrecht, the member of the AURELIUS Executive Board responsible for M&A activities. “The growth prospects are large. We should be able to boost revenues and profitability quickly by implementing a strategic reorientation, enhancing cost efficiency and tapping new markets in northern Europe.”

The units acquired possess a whole host of competitive advantages. The logistics center in Navarres is state-of-the-art, with an amount in the mid-double-digit millions invested in the facility since 2007. The plant today runs on impressively low selling costs coupled with fast response and delivery speeds. Thanks to the geographical proximity of the production facility to the fast-changing clothing industry in Europe, the division is in a position to gain market share through price, quality and services over the coming years. “The acquisition of the European activities of Tavex is a further step to reinforce the international operations of AURELIUS,” says CEO Dr. Dirk Markus. “The strategy of maintaining a local presence in Spain is paying off.”

ABOUT AURELIUS

AURELIUS is one of the leading European investment groups. From its offices in Munich, London, Stockholm and Madrid, AURELIUS acquires participations with development potential. Once under the AURELIUS umbrella, the acquisitions are given a long-term strategic orientation in order for them to fully develop their potential.

Currently, the AURELIUS Group consists of 20 subsidiaries with locations in Europe, Asia, and the U.S.A. These include numerous traditional consumer brands, services businesses and a number of industrial enterprises. Companies are acquired based on strict investment criteria without focusing on any particular industry. Shares of AURELIUS AG are listed in the m:access segment of the Munich Stock Exchange and are traded on all German stock markets under ISIN DE000A0JK2A8.

To find out more, visit www.aureliusinvest.com

CONTACT

Anke Banaschewski

Investor Relations & Corporate Communications

Phone +49 (89) 544799 – 0

Fax +49 (89) 544799 – 55

investor@aureliusinvest.de

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