Finatem to acquire majority stake in HKM Sports Equipment GmbH

(lifePR) ( Frankfurt am Main, )
Finatem, one of the leading independent private equity investment companies with a focus on German SMEs, is further expanding its portfolio. The Frankfurt-based company is acquiring the majority of shares in HKM Sports Equipment GmbH, Neuenhaus, as well as the business operations of HKM Textil GmbH from Managing Partner Klaus Egbers. Mr. Egbers will remain Managing Director of the company and hold a strategic stake under company law.

As the market leader for full-range equestrian products in Germany, HKM Sports Equipment offers a differentiated portfolio of equestrian products addressing the respective target audience of every price segment. The company lists more than 21,000 total product variations. About two-thirds of its product range consists of functional clothing and equipment for riders and horses, with the remaining third being fashion accessories. Besides its flagship brand HKM, the portfolio includes other strong end customer brands such as Lauria Garrelli, Cavallino Marino and Pro-Team. Products are developed and designed in-house and manufactured exclusively by established suppliers under strict quality guidelines. HKM Sports Equipment’s customers are primarily European specialist retailers and selected eCommerce dealers.

HKM Textil GmbH is Europe’s market leader for applications for attaching and ironing onto textiles. Besides trimmings, embroidery motifs and printed motifs, HKM Textil also sells other haberdashery products such as scissors, shoulder pads and Velcro straps. The business activities of both companies will be continued under the HKM Sports Equipment umbrella.

Irmgard Schade, Partner at Finatem: “With HKM Sports Equipment, we are adding another very attractive company with worldwide customer base to our investment portfolio. HKM is now in its second generation under Managing Director Klaus Egbers and we are delighted that his experience and expertise will continue leading the company into the future.” Mr. René Schäfer has been successfully managing HKM Textil’s business and will continue in this responsibility as second Managing Director of HKM Sports Equipment.

The HKM Group generated sales of around EUR 24 million in 2017. More than 80% of its sales are generated in Europe, around half in Germany. The company’s internal logistics handles the entire flow of goods with high efficiency from the delivery of containers in Neuenhaus to handing over customer orders ready for shipping.

“The company has impressively demonstrated its efficiency in recent years, the market is offering attractive opportunities and we have the necessary capital. In our view, these are strong prerequisites for continuing to grow together in the coming years,” explains Alexander Stein, Investment Manager at Finatem.

Klaus Egbers, co-founder and Managing Director of HKM Sports Equipment, adds: “We have been a market specialist for equestrian equipment since the 1980s and have earned ourselves a leading industry position. Demand for our products has never faltered, and we see further growth opportunities in the market. With Finatem, we now have the right partner at our side to seize these opportunities.”

HKM employs nearly 120 people at its company headquarters in Neuenhaus, working in the areas of collection/design, purchasing, sales, marketing, IT, finance and accounting, administration and warehousing and logistics. The market volume for equestrian products and services in Germany is around EUR 6.7 billion. The running costs of horse husbandry, such as board and lodging, account for around EUR 2.6 billion. Germans therefore spend around EUR 4.1 billion on other products and services. The market for equestrian products and services across Europe amounts to around EUR 100 billion per year.

The parties agreed not to disclose transaction details.
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