DGAP-News: Callista Private Equity expands its portfolio and acquires Poppe Ahrensbök GmbH

DGAP-News: Callista Private Equity GmbH & Co. KG / Key word(s): Investment
Callista Private Equity expands its portfolio and acquires Poppe Ahrensbök
GmbH

10.03.2016 / 15:15
The issuer is solely responsible for the content of this announcement.

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Munich, March 10th, 2016 - Callista Private Equity GmbH & Co.KG ("Callista
Private Equity") announces the acquisition of the entire shares of Poppe
Ahrensbök GmbH, formerly known as Globus Gummiwerke GmbH. Poppe Ahrensbök
GmbH was formerly owned by Poppe GmbH, which intends to increase the focus
on its core business and thus divested the company within a structured
process for a single-digit million purchase price. The restructuring
measures executed successfully by the previous shareholder led to an
initial stabilization of the company. Callista Private Equity will
undertake the necessary steps to achieve a further increase of the
competitiveness as well as a sustainable expansion of the company.

The future Globus Gummiwerke GmbH has a 100 years history as traditional
family-run supplier in markets for elastomer- and technical tubular rings
and impresses with its profound competency in material, development and
manufacturing processes. The company with its 230 employees generates
revenues of approx. EUR 32m and it should already reach break-even in the
current fiscal year. With the support of Callista Private Equity,
competitiveness is intended to be increased and operative processes will be
optimized significantly. Poppe-Veritas Group will support this
transformation process as a remaining important supplier.

Olaf Meier, Chief Executive Officer of Callista Private Equity, comments on
the transaction: "With this transaction, we strengthen our activities in
the strategically important automotive industry. First of all, our
short-term objective is to separate Globus Gummiwerke from the group in
course of the restructuring and to build up an independent, medium-sized
company. In the mid-term, we target an organic, but quite dynamic growth by
attracting new markets. The production site in Ahrensbök close to Lübeck
will also persist with the existing workforce in the long run."

The transfer of ownership is currently constrained by various conditions
precedent. Both parties intend to execute the transfer as soon as possible.

About Callista Private Equity
Callista Private Equity GmbH & Co.KG ("Callista Private Equity")
headquartered in Munich, Germany focuses on the acquisition of majority
stakes of distressed companies, business units or non-core group assets
with negative EBIT-margins. The success of Callista Private Equity is based
on the operational and financial improvement of company structures to
enable a long-term growth. The international management team of Callista
Private Equity provides the company with deep industry and turn-around
expertise to initiate restructuring measures and to return to sustainable
profitability.
www.callista-pe.de

Contact:
Christian Muschick
Callista Private Equity GmbH & Co.KG
Konrad-Zuse-Platz 8
D-81829 Munich
T    +49 89 207042-430
F    +49 89 207042-431
c.muschick@callista-pe.de


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10.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de

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