Proventis Partners adivsed Twinco, CBH and CBB

Zephyr Group widens its geographical reach and product offering by integrating Twinco Ltd, based in Singapore and established in 1994, focused on diesel engines spare parts and services for the marine and power plant industries in the Asia-Pacific region, and Carl Baguhn GmbH & Co KG, a 100+ years company based in Hamburg (Germany) specialized in maintenance, repair and sales of diesel and gas engine components, also active in Central-South America via its subsidiary based since last decade in Barranquilla (Colombia). Carl Baguhn is also renowned for custom fabrication of repair-size plain bearing, as well as for in-situ repairs for crankshafts and engine blocks carried out around the globe.

After this transaction, the newly formed group will become the leading independent provider of advanced quality solutions for diesel, gas and new fuel engines, with a remarkable footprint strategically spread around the globe, able to provide an even more complete portfolio of spare parts and services for most of the existing engines, serving thousands of clients and their ships and power plants worldwide.

Existing activities, partnerships and client / supplier relationships will continue successfully as it has been in the past but, at the same time, they will be able to leverage on enhanced group scope and different capabilities arising from each companies’ specializations.

“We are thrilled to announce such a remarkable event in the industry – said Paolo Castagnet, Managing Director of Zephyr Group – the combined strengths of the six entities will allow their respective clients and suppliers to extract additional value: consolidating the industry will bring unimaginable benefits to all stakeholders”

Proventis Partners supported the shareholders and management of Twinco (Singapore) and Carl Baguhn (Germany and Colombia) throughout the entire M&A process. Services included the preparation of all transaction documentation, the identification and approach of suitable investors, the coordination of due diligence and the commercial negotiation of the transaction. The transaction team of Proventis Partners consisted of Jost Hartmann (Partner), Axel Steffen (Senior Advisor) and Leon Holtmann (Associate).