17.05.2016
AURELIUS SE & Co. KGaA DE000A0JK2A8
DGAP-News: AURELIUS sells TAVEX Europe to a Spanish consortium of investors
DGAP-News: AURELIUS SE & Co. KGaA / Key word(s): Disposal
AURELIUS sells TAVEX Europe to a Spanish consortium of investors
17.05.2016 / 07:00
The issuer is solely responsible for the content of this announcement.
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AURELIUS sells TAVEX Europe to a Spanish consortium of investors
- TAVEX Europe after complex carve-out and successful reorientation by
AURELIUS back on track
- Yet another successful exit for AURELIUS in 2016
Munich, May 17, 2016 - The AURELIUS group (ISIN DE000A0JK2A8) sells its
stake in TAVEX Europe to a Spanish consortium of investors. The acquiring
consortium will continue to support the restructuring measures implemented
by AURELIUS upon acquisition in 2015 as well as the company's expansion.
The parties have agreed not to disclose the purchase price.
TAVEX Europe is headquartered in Bergara, Spain and develops, produces and
distributes premium quality, sustainably developed denim fabric for major
fashion brands in Europe. AURELIUS acquired TAVEX Europe in early 2015 and
following a successful carve-out from Brazilian Grupo TAVEX successfully
established it as a standalone company. During this period sustainable
corporate structures, processes and costs structures, as well as various
growth initiatives were introduced and have, to a large extent, already
been implemented. One of these growth initiatives is the expansion of the
product range through innovative fabrics in the area of comfort wear and
ladies fashion. Furthermore, a variety of new products, especially for the
central and northern European markets, have been developed.
"Benefiting from our experienced management as well as our AURELIUS Task
Force, we have been able to establish TAVEX Europe as a dynamic, highly
profitable company in the attractive and growing market for premium and
innovative denim products", says Dr Reinhard Dethloff, Vice President at
AURELIUS and responsible for Tavex Europe.
ABOUT AURELIUS
AURELIUS is one of the leading European investment groups. From its offices
in Munich, London, Stockholm and Madrid, AURELIUS acquires participations
with development potential. Once under the AURELIUS umbrella, the
acquisitions are given a long-term strategic orientation in order for them
to fully develop their potential.
Currently, the AURELIUS Group consists of 22 subsidiaries with locations in
Europe, Asia, and the U.S.A. These include numerous traditional consumer
brands, services businesses and a number of industrial enterprises.
Companies are acquired based on strict investment criteria without focusing
on any particular industry. Shares of AURELIUS SE & Co. KGaA are listed in
the m:access segment of the Munich Stock Exchange and are traded on all
German stock markets under ISIN DE000A0JK2A8.
To find out more, visit www.aureliusinvest.com
CONTACT
Anke Banaschewski
Investor Relations & Corporate Communications
Phone +49 (89) 544799 - 0
Fax +49 (89) 544799 - 55
[email protected]
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17.05.2016 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,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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