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Hymer could float, sell shares
Posted on Tuesday, 13 March 2018 14:14
Erwin Hymer Group, the German motorhome and caravan manufacturer, is considering floating on a stock exchange.

The firm, which has appointed Macquarie Capital to advise on the process, noted it is currently evaluating a number of options aimed at supporting its growth and ensuring it establishes itself well within the global market.

In addition to an initial public offering, the sale of a minority shareholding to a strategic investor is among the possible courses of action the company is considering.

Hymer chief executive Martin Brandt said: “The coming years will require further significant investment in the growth of our business and the development of innovative products and services.

“The family has therefore decided to put the shareholder structure of the Erwin Hymer Group on a broader basis.”

Supervisory board chairman Johannes Stegmaier echoed these sentiments, stating that this move is needed in order to reinforce the company’s development.

Hymer describes itself as a leading caravan and motorhome manufacturer, accessory specialist and vehicle hire and financing service provider.

The company has some 22 brands, including Carado, Dethleffs and RoadTrek, in its portfolio and employs 6,000 people.

Hymer has completed a few acquisitions in the last few years, the most recent of which closed in February 2017, when it picked up the Explorer Group from Constantine Group for an undisclosed consideration.

This was preceded by the purchase of Roadtrek Motorhomes in February 2016.

According to Zephyr, the M&A database published by Bureau van Dijk, this is the first deal targeting a motor home manufacturer to have been announced worldwide in 2018.

Two such transactions were signed off in 2017, neither of which had a disclosed value. Both deals featured French motorhome and camper van maker Trigano, which acquired Auto-Sleepers Investments and Protej Holdinska Druzba in January and September 2017, respectively.

© Zephus Ltd