Clearwater International acted as sole financial adviser to palero capital on the acquisition of 100% of the share capital of Gallhöfer Dach GmbH from Saint-Gobain Building Distribution Deutschland GmbH.
Gallhöfer is a leading German distributor of building material solutions with an exclusive focus on the roof and facade sector and is part of Saint-Gobain Building Distribution Deutschland GmbH. The company offers a broad product portfolio covering specialized building materials for steep roofs, flat roofs and facades as well as constructional wood products and construction equipment. With 33 branches and approx. 320 employees across Germany, Gallhöfer is exclusively targeting craftsmen with a focus on roofers. In 2014 the company generated sales of approximately €150m.
palero invest S.à.r.l is an independent private equity fund based in Luxembourg which is exclusively advised by Munich-based palero capital and pursues an operational approach.
The transaction is fully in line with palero’s strategy to invest in small- and mid-sized corporate divestitures and carve-outs which have been defined non-core due to strategic and/or profitability reasons. In close collaboration with existing management palero will leverage Gallhöfer’s strong and established market position and will invest in the growth of the business.
Clearwater International, led by partner Markus Otto, advised palero capital