Germany SC Fund I Jul 2001
World-leader in corrosion treatment for marine steel assets
Company Name:Mühlhan
Sector:Surface treatment
Sales:€ 207m
Date of investment:Jul 2001
Date of exit:Sep 2016
Deal Type:Growth capital, buy & build
Syntegra Role:Sole investor

business description

  • World-leader in corrosion treatment for marine steel assets
  • Mühlhan has operations in Germany, the Netherlands, France, Denmark, Poland, Greece, Russia, China and the USA. The firm has acquired unique two-stage blasting technology, which should enable it to outperform all competitors on certain types of rust removal projects. The company also has promising opportunities in wind power and offshore platforms

transaction strategy

  • Consolidation opportunity in fragmented, global market
    • Experienced team with focused platform and leading market technology
    • Leverage strong position in European new-build and through new technology to grow organically and via acquisition to become supplier to new-build and repair sectors world-wide