Houlihan Lokey Advises Diehl

Houlihan Lokey is pleased to announce that Diehl Metall, a corporate division of the Diehl Group (Diehl), has divested its rolled products division (Diehl Rolled Products) to Deutsche Invest Mittelstand. The transaction closed on 4 November 2020.

Diehl is a German family-owned conglomerate with a range of activities, including the manufacturing of control, metal, defence, aviation, and metering products. The company generates revenues of approximately €3.7 billion.

Diehl Rolled Products is a leading integrated manufacturer of specialty alloy bronze and brass strips and wires. The product portfolio includes a host of copper-based, high-performance alloys for a vast number of industrial applications and are (among others) used in the strongly growing connectivity applications in the automotive industry. Diehl Rolled Products comprises Sundwiger Messingwerk, the company’s main production facility in Hemer, Germany; The Miller Company, a slitting center in Meriden, Connecticut; and the Diehl Metall sales office in Shenzhen, China. This transaction marks an important milestone in the repositioning of Diehl Metall.

Deutsche Invest Mittelstand is a member of the Deutsche Invest Capital Partners group and specialises in special situations investments and corporate carve-outs across Western and Central Europe with a focus on the DACH region.

Houlihan Lokey served as the exclusive sellside advisor to Diehl and assisted in structuring and negotiating the carve-out transaction.