Company Presentation

Transcription

Company Presentation
January 2016
Unique Investment Perspective
CoBe Capital specializes in the acquisition and operation of non-core and
underperforming business units in the Americas and Europe from leading
global corporations
We are a dynamic and nimble, private global investment firm, with corporate headquarters
in New York City and satellite offices in: Cologne, Germany and Zurich, Switzerland.
Building upon earlier successes and the bedrock of a portfolio of companies delivering
solid financial results, and a permanent capital base, we seek to expand our existing
portfolio of operating companies with the intent to grow these businesses for the long
term.
“As a family office focused on long-term operational value
creation, we have a unique investment perspective that allows us
to see opportunity in troubled business units that others may
miss.”
NEAL COHEN
Founder and Managing Director
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220 East 42nd Street, 31st Floor | New York, NY 10017 | United States of America | www.cobecapital.com
Acquisition Criteria
Non-core corporate divestitures require a buyer with unique skills
We specialize in meeting the unique needs of corporate parents to successfully complete divestitures of non-core assets,
underperforming businesses, and divisions or product lines that no longer fit the corporate parent’s strategy
DISTINCT FOCUS ON CORPORATE DIVESTITURES
CHARACTERISTICS OF A TYPICAL TARGET
 Our firm has unique strengths around tailoring
transactions for corporates seeking to divest operations
that no longer fit their core strategy
 Divestiture by a leading global corporation
 Our permanent capital base allows us to complete
transactions without financial contingency and own
our businesses for the long term
 Revenue $1 USD billion or less
 Our expertise is attuned to quickly and confidentially
extracting non-core divisions with minimal disruption
 Sale based on the strategic decision that a unit is non-core
 Primary operations in the Americas or Europe
 Excess cost, capacity or underperformance
 Opportunity to add value
LEADING GLOBAL CORPORATIONS THAT HAVE DIVESTED BUSINESS UNITS TO
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COBE CAPITAL:
Considerations for the Corporate Seller
Our goal is to customize the transaction process to meet your unique objectives
Overlapping customers, vendors, joint marketing agreements and reputation are all considerations in a divestiture - We
carefully listen to the specific objectives of the corporate seller, and tailor each transaction to meet their goals
CATALYSTS FOR A TRANSACTION
SELLER GOALS FOR A NON-CORE DIVESTITURE
 Legacy business that no longer fits current strategy
 Accelerated transaction timeline
 Non-core operation within a large strategic acquisition
 Minimal disruption to operations and employees
 Non-core geography creating a distraction
 Sensitivity to local customs and practices
 Sub-scale business with excess overhead
 Desire for an ongoing business relationship
 Captive supplier that had been acquired defensively
 Confidentiality
 Distribution-arm creating conflict with customers
 Certainty of closing
 Prohibitively high costs to close or exit an operation
 Preserving or transferring brand equity
"Our core thesis is that orphaned business units tend to be
starved for resources and under the ownership of a focused,
entrepreneurial investor like CoBe Capital, they can achieve
better results.”
DARREN MCKENZIE CHAFFEE, CFA, CPA
Managing Director, Global Mergers and Acquisitions
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References from Corporate Sellers
What it is like to work with CoBe Capital:
“Over the years, we have helped a lot of
companies sell
complex/underperforming assets and in our view, CoBe Capital’s willingness to
invest the time, energy and patience to put a deal together in challenging
circumstances and your sensitivity to the needs of a corporate seller are rare.”
IAN MACDONELL
Managing Director, Crosbie & Company
“Where there is a continuing commercial relationship with the carved out entity,
the operating background of the sponsor is paramount.”
NIKO NIKOLOPOULOS
Vice President of Corporate Development & Strategy, Office Depot
“CoBe Capital were professional in their approach and participated in the process
in a diligent and time-bound manner.”
RISHAD PREMJI
Chief Strategy Officer, IT Business, Wipro Ltd
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Guiding Principles
We strive to achieve long-term growth through each operating company based on lean and
continuous improvement business philosophies
SEAMLESS TRANSACTIONS
FOCUS ON THE EMPLOYEES
CoBe understands the challenges that confront a seller during a
sale process and dedicates the resources necessary to ensure a
seamless transaction on an ambitious time frame
Our transaction philosophy centers on core values of speed,
communication, and honesty, enabling transactions to run
smoothly and which are favorably viewed as a positive and
rejuvenating experience by employees
FOCUS ON THE “THE VOICE OF THE CUSTOMER”
As we believe that employees are the most valuable asset of
any operation, a concerted effort is made to retain key
performers, as their participation is integral to the transaction
process and the ongoing performance of the company
CoBe’s goal in every transaction is to bring certainty to a
business to assure the marketplace of its stability
Every effort is made to assure customers that service
commitments will be met and honored and CoBe is committed
to meet or exceed customer expectations that existed prior to
the acquisition
BUILDING LONG-TERM VALUE
We are a family office and as such, we do not have a fund with
outside capital. This means that unlike traditional private equity
firms, CoBe has the expectation to hold investments for the
long term.
This perspective also allows us to maintain our focus on longterm growth and value creation, rather than short-term goals
with predefined exit strategies
OPERATIONAL EXCELLENCE
The guiding principle we instill in all our operating companies
is a culture of lean management and continuous
improvement. These tools enable our companies to focus on
the key performance indicators that matter for their business
and improve performance through enhanced execution
“CoBe’s goal with every
transaction is a seamless
process that preserves
value for all parties.”
HENNING WALF
Managing Director, Europe
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Case Study: Stark Manufacturing
CoBe helped this Arkansas-based tube and hose manufacturer streamline costs to win new
customers and get its business growing
COMPANY OVERVIEW
TOPGRADING MANAGEMENT
Stark is a leader in the design and manufacture of both high and
low volume tube and hose assemblies for a variety of industries,
including automotive, aerospace, agricultural, heavy duty and
military
To ensure the sustainable implementation of best-in-class lean
manufacturing practices, CoBe Capital appointed Shuja Haque, a
seasoned operator with experience at Federal Mogul and Pace
Industries, to take the reins
SITUATION AT TIME OF ACQUISITION
Stark was able to retrain the operators on new processes to
dramatically increase labor productivity
The organizational skill-set was so low that Stark was not fully
taking advantage of the automation capability in place and was
burning through a quarter-million dollars a month as smaller
customers distracted from the core business
Developing more efficient batch sizes, production flows and
changeovers, where the first part meets spec, are all contributing
cost savings
CUSTOMER RATIONALIZATION
FUTURE GROWTH
The first step to turnaround was to look at customers account
by account and shed all the low or negative margin business
Stark is now focused on further optimizing production to
increase productivity of its current staffing and lay a foundation
for the future growth of this American Manufacturing success
story
This allowed Stark to then right-size the organization and reduce
price to win more business with bigger customers
“Through our implementation of lean, we went from a people-intensive
process to an engineered process, harnessing the untapped potential of our
tools and equipment.”
SHUJA HAQUE
President, Stark Manufacturing
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North American Leadership
NEAL COHEN
Neal Cohen founded CoBe Capital in 1994 and has completed numerous
acquisitions as a principal, encompassing a wide range of industries and
geographical markets. He is involved in all aspects of the firm’s activities
and his experience as an operator coupled with broad international
transaction experience ensure an expedited decision process.
Darren Chaffee, Managing Director of Global Mergers and Acquisitions at
CoBe Capital, oversees the evaluation and execution of transactions,
including valuation, due diligence and contract negotiation. He oversees all
transactions on a global basis and leads all North American transactions
directly.
Prior to founding CoBe Capital, Mr. Cohen acquired and operated small
businesses and built an extensive commercial real estate portfolio, through
reinvesting his own capital and the free cash flow generated from his
business ventures. During this period, Mr. Cohen developed both his
expertise in operating fundamentals and his experience in offering
customized transactions to corporates looking to divest non-core business
units. Continuing to build on this investment strategy, he has rapidly
expanded the size and capabilities of CoBe Capital, including the opening
of two offices in Europe, where amidst the current uncertainty, he sees
tremendous opportunity.
Prior to joining CoBe Capital, Mr. Chaffee was a Principal with the Pegasus
Blue Star Fund, where he completed transactions in media & entertainment,
healthcare, aviation, consumer goods, business services and retail. Prior to
Pegasus, Mr. Chaffee was with Platinum Equity, where he specialized in
complex corporate carve-out acquisitions. He began his career at Deloitte
as part of the M&A Services group in New York. There, he performed
private equity due diligence, advising on transactions in biotech, radio,
manufacturing, telecom and financial services.
In his experience, most of the great companies we know today were
successful based on the efforts of its management and employees because
of the excitement and a sense of ownership that people felt there. Mr.
Cohen wants to create that same kind of excitement while providing valueadd resources to manage growth and build long-term value with the
companies he owns. Mr. Cohen’s fundamental operating philosophy is lean
management and continuous improvement and his companies use these
tools to improve the everyday execution of their businesses.
Mr. Chaffee received a Master of Accounting from the University of
Southern California's Marshall School of Business and graduated with
distinction from Occidental College with an A.B. in Economics and
Diplomacy & World Affairs. He is a Chartered Financial Analyst and a
licensed Certified Public Accountant in the State of New York.
Mr. Chaffee resides in New York City with his wife, daughter and son.
Mr. Cohen resides in New York City with his wife and children. He holds a
Bachelor’s in Political Science from Boston University.
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Mr. Haque brings over 30 years of experience to CoBe Capital, having led
organizations in numerous operational roles with an emphasis on
turnaround and continuous improvement. Prior to joining CoBe, he was a
Global Manufacturing Manager with Federal Mogul as well a Value Stream
Manager for Pace Industries, a global, high pressure die casting
manufacturer. Earlier in his career he held positions of increasing
responsibility in operations and engineering with Henry Technologies,
Universal Manufacturing S.A. de C.V. and Rock-Ola Manufacturing.
Mr. Haque received his B.S. in Electronic Engineering from Karachi
University - Pakistan. He is fluent in English, Spanish, Urdu, Hindi and
Arabic.
Mr. Guy has far-reaching business and management experience, developed
from his long tenure as a general manager for two of America's foremost
office furniture manufacturers - Haworth and Herman Miller.
He works closely with the firm's Operations Team as well as portfolio
company executive management to drive lean initiatives and to deploy
operational resources following an acquisition. He is currently the President
of Bus Parts Warehouse, a leading national distributor of replacement parts
for the school transportation industry.
Mr. Guy brings over 30 years of experience to CoBe Capital, having led
many organizations in numerous operational roles with increasing
responsibility. Most recently he was the Director of Global Finance and
Supply Chain Integration, for Haworth, a $1.6 billion privately held global
provider of office furniture and services. Prior to joining Haworth, Mr. Guy
was the President of Geiger International, a $100 million division of
Herman Miller and served as General Manager of Herman Miller’s Zeeland
Manufacturing Operations, with responsibility for 650 employees across
three manufacturing plants. Early in his career he held management
positions in finance, accounting and purchasing with both Herman Miller
and Lockheed Martin. As a lean expert trained by Toyota, he has been
instrumental in both the implementation of lean manufacturing initiatives
and execution of strategic growth plans throughout his career.
Mr. Guy received both his M.B.A. and B.A. in Finance from Michigan State
University.
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New York, New York 10017
Mr. Haque is a seasoned executive with a strong track record of conceiving
and executing successful strategic and operational transformation programs
across a broad range of different industries. He works closely with the
firm's Operations Team as well as portfolio company executive
management to drive lean initiatives and to deploy operational resources
following an acquisition.
Mr. Guy assists with CoBe Capital's North American activities from an
operations perspective.
708 Third Avenue, 31 st Floor
Mr. Haque supports CoBe Capital's portfolio of North American
companies from an operations perspective. He is currently the acting
President at Stark Manufacturing.
DAVID GUY
Director, Operations – North America
CoBe Capital, LLC
SHUJA HAQUE
Director, Operations – North America
United States of America
ZAC MATTEY
Senior Vice President, Global Business Development
Zac Mattey is a Senior Vice President and Head of the Global Business
Development team. He oversees all business development on a global basis
and is responsible for the origination and evaluation of new acquisition
opportunities in North America, South America and Europe. He
additionally supports the M&A transaction process, including valuation,
due diligence and contract negotiation.
Prior to joining CoBe Capital, Mr. Mattey was a Director at Alvarez &
Marsal, a financial restructuring and turnaround consulting firm, where he
focused on identifying and implementing profit growth initiatives for
underperforming global corporations and private equity owned portfolio
companies. In this role, he served in executive and advisory roles, leading
and providing guidance on the transformation and turnaround of several
global companies and business units. He has a wide range of industry
experience, including consumer products, industrial goods, construction,
manufacturing, retail, media, hospitality, sports and entertainment.
Mr. Mattey worked as a consultant at McKinsey & Company, where he
helped organizations develop and execute opportunities to drive profitable
growth, increase operating efficiencies and improve their competitive
positions. He has worked in brand management at Procter & Gamble,
served as the Director of Marketing at TSE Sports & Entertainment, and
held an operations role at New York Life Investment Management. Mr.
Mattey received his MBA from the Kellogg School of Management and
holds a BA in Economics from the University of Michigan.
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AMY FAIRBROTHER
Director, Talent Acquisition
Amy Fairbrother is the Director of Talent Acquisition at CoBe Capital. In
this role, she leads recruitment for all career opportunities within CoBe
Capital and its global portfolio companies. Based in New York City, she
specializes in sourcing talent for our businesses. She has experience
recruiting into a variety of industries including manufacturing, industrial,
consumer goods, energy, retail, media & advertising, public sector and
pharmaceutical.
Prior to joining CoBe Capital, Ms. Fairbrother worked for global Group
Pernod Ricard, the world’s co-leader in wines & spirits. She was initially
based in London, where she led the recruitment function for Chivas
Brothers, and then relocated to New York to work for the Talent Acquisition
team. In addition to recruitment, Ms. Fairbrother participated as a key team
lead on strategic business projects that focused on attracting and sourcing
international talent for roles at all levels within the Pernod Ricard Group.
Earlier in her career, Ms. Fairbrother worked for an executive search firm
where she managed the search strategy for C-suite level appointments,
including chairs and directors for board appointments. Clients ranged from
global companies and private equity firms to privately-owned
businesses. She began her career working in a generalist recruitment agency,
appointing candidates from graduate through to management level. She
holds a BA in Political Science from Victoria University of Wellington
(NZ).
PATRICK LEIBOVICH
Vice President, Portfolio Mergers & Acquisitions
Patrick Leibovich is responsible for developing and executing M&A
opportunities for CoBe Capital’s portfolio companies in North America.
Mr. Leibovich actively drives the full M&A lifecycle for all add-on
opportunities, including conducting strategic analysis of target options,
originating transaction opportunities, evaluating transactions from financial
and operational perspectives, performing due diligence, and managing preclose planning and post-close transition items.
Prior to joining CoBe Capital, Mr. Leibovich was a Vice President at The
Dyson-Kissner-Moran Corporation, another family investment office,
where he worked for nearly twelve years. Over his long tenure there, he
worked in many different operational and investment capacities, where he
developed an expertise in the management and oversight of portfolio
operations, leveraged transactions, and operational/capital restructuring
work. Mr. Leibovich was responsible for DKM’s annual financial planning
and forecasting processes, played an integral part in all of DKM’s financial
and operational analyses, and administered DKM’s capital and executive
compensation programs. He was also a key player in many corporate
finance activities, including operational restructurings, debt refinancings,
and portfolio acquisitions and divestitures.
Mr. Leibovich began his career in investment banking at Lehman Brothers
in their Global Communications and Media Group. He graduated from
Johns Hopkins University with a BA in Economics.
Mr. Leibovich lives in Manhattan with his wife and daughter. He enjoys
spending time in the great outdoors, adventure traveling, and cooking.
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Before joining goetzpartners Dr. Walf worked several years for McKinsey
& Company and the Brazilian Ministry of Development (CNPq).
Dr. Walf received his Ph.D in Nuclear and Solid State Physics from
Technische Universität Braunschweig and is fluent in German and
Portuguese and conversant in Spanish.
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He works closely with the firm's Operations Team as well as portfolio
company executive management to drive lean initiatives and to deploy
operational resources following an acquisition.
Dr. Schmidt received his Diplom Ingenieur degree at the RWTH-Aachen
and earned his Dr. Ingenieur title at the Forschungszentrum Jülich, Institute
for Reactor Materials. He further received a Diplom Wirtschaftsingenieur at
the Hochschule für Berufstätige (AKAD) and completed the Advanced
Management Program at Harvard Business School. He is fluent in English
and German and is conversant in French and Spanish.
Prior to joining CoBe Capital, Dr. Walf was a Partner at goetzpartners
Management Consultants, the largest independent M&A advisory and
management consulting firm in Germany, where he was Head of Strategy
and Restructuring Practices. In this role, he built a successful track record
of turning around companies and advising on special situation
transactions. He has led advisory mandates, acquisitions and divestitures
for large corporates, in addition to acquisitions out of insolvency. Dr. Walf
has domain expertise across various technologies, including material
science, energy and telecom along with years of professional experience in
the automotive, industrial and manufacturing sectors.
An engineer by training, Dr. Knuth Schmidt has far reaching international
business experience from his tenure as the General Manager of a diverse set
of manufacturing companies from across the DACH region - Dynamit
Nobel Kunstsstoff, Lista AG , Fridola Tech and TCG-Holding. Dr. Schmidt
draws on his engineering and operations experience at companies including
Daimler and Siemens, to bring a unique perspective on achieving growth and
profitability at industrial manufacturers through strategic management,
corporate development, international sales expansion, cost reduction and
efficiency improvement.
Dr. Henning Walf has nearly two decades of professional experience in
international, cross-border business settings with a focus on mid-cap
transactions, operations strategy and restructuring. Based in Cologne,
Germany, Dr. Walf is responsible for CoBe Capital's Northern and Central
European activities from an M&A and operations perspective.
DR. KNUTH SCHMIDT
Director, Operations – DACH
English, German, French, Spanish
CoBe Capital, LLC
HENNING WALF
English, German, Portuguese, Spanish
European Leadership
Mr. Lepenin received an MBA from the University of Georgia and
graduated from Friedrich-Alexander-University of Erlangen-Nürnberg
with a Diplom-Kaufmann Degree. He is working toward his CFA
designation and is currently a Level III candidate. Mr. Lepenin is fluent in
German, Russian and Ukrainian.
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Prior to joining CoBe Capital, Mr. Zurkinden worked in the M&A
department of Alpiq, Switzerland’s largest utility company, as well as for a
small management consulting firm with a focus on operational excellence
and supply chain management.
Mr. Zurkinden received both a B.A. and M.A. in International Affairs from
the University of St. Gallen, Switzerland (HSG) and graduated with a
Master’s in International Management from CEMS, a global alliance of
leading business schools. He is working towards his CFA designation and
is currently a candidate for Level II. Mr. Zurkinden is fluent in English and
German and conversant in French and Spanish.
Prior to joining CoBe Capital, Mr. Lepenin worked for two years as an
M&A analyst with Rothschild's investment banking division in Frankfurt,
Germany and worked on several M&A transactions as a member of the
Industrials & Automotive Group.
Samuel Zurkinden joined CoBe Capital in autumn 2012 as an Associate in
the New York office. Currently based in Switzerland, he is responsible for
financial analysis and due diligence on new acquisition opportunities. In
addition, he works with CoBe Capital’s M&A and Operations executives on
the development and implementation of transition and integration plans, as
well as on initiatives to strengthen operational excellence at portfolio
companies.
Slav Lepenin is a Vice President in our Operations group. He works with
our portfolio companies across Europe, providing analytic insight, strategic
guidance and support in execution. Additionally, he is actively involved in a
portfolio supervisory role for Warendorfer Küchen.
SAMUEL ZURKINDEN
Senior Vice President, Mergers and Acquisitions
English, German
CoBe Capital, LLC
SLAV LEPENIN
Vice President, Operations
English, German, Russian, Ukrainian
European Leadership
European Leadership
Mr. Valentini received an MBA from London Business School and an MSc
in Economics from Bocconi University.
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Prior to joining CoBe Capital, Mr. Valentini spent over nine years as a
consultant at McKinsey & Company, working in a range of industries
across Europe and South-East Asia to support management teams
improving the performance of their organizations. Previously, Mr. Valentini
worked in the Finance team at Google (Paris office) and at Deutsche Bank
AG, Global Markets (London office).
CoBe Capital, LLC
Antonio Valentini supports CoBe Capital's European activities from both
an M&A and operations angle. He focuses on the evaluation of investment
opportunities across Europe and he assists in the management and
operations of CoBe Capital's European operating companies, providing
strategic, operational and analytical insights.
ANTONIO VALENTINI
Vice President, Europe
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Björn Larsow is an Associate in our Global Business Development group.
He is responsible for business development and lead generation of M&A
opportunities in Germany, Austria, Switzerland and North America. Mr.
Larsow proactively cultivates relationships with corporations to generate
deal flow through a combination of primary research and direct
communication.
With both Mexican and U.S. passports, he has previously worked in the
U.S., Latin American and Europe. Prior to joining CoBe Capital, Mr.
Benitez was an Associate at Mokhus, a real estate investment firm based in
New York City, and has held a number of positions in Latin America.
Prior to joining CoBe Capital, Mr. Larsow worked at Ernst & Young. He
was responsible for business development of M&A opportunities for
leading DACH region companies. Mr. Larsow has additionally worked in
Germany for PwC, Bankhaus Lampe and Scarosso, an e-commerce startup.
He received a Master’s degree in International Relations from Queen Mary,
University of London and graduated from Swarthmore College with a B.A.
in History with Concentration in Latin American Studies. Mr. Benitez is
fluent in Spanish.
Mr. Larsow graduated from Maastricht University with a Masters of
Science in International Business Strategy and Innovation, and holds a
Bachelor of Science in International Business Administration from
Maastricht University. Mr. Larsow is fluent in German.
Sherandoa Benitez is a Vice President in our Global Business
Development group. He is responsible for business development and lead
generation of M&A opportunities for corporates in Europe, Latin America
and North America. Mr. Benitez proactively cultivates these relationships
to generate deal flow through a combination of primary research and direct
communication.
BJÖRN LARSOW
Associate, Global Business Development
English, German
CoBe Capital, LLC
SHERANDOA BENITEZ
Vice President, Global Business Development
English, Spanish
Global Business Development
Prior to joining CoBe Capital, Mr. Colechia worked at Rapid Ratings
International, a financial analytics firm in New York City. He was
responsible for business development in the manufacturing and industrial
sectors with a focus on automotive, energy and chemicals. Previously, Mr.
Colechia worked at Ironshore Insurance as a Production Associate.
Mr. Colechia holds a Bachelor of Arts in Economics from Wake Forest
University, where he also minored in International Affairs, and Global Trade
& Commerce.
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Edward Colechia is an Associate in our Global Business Development
group. He is responsible for business development and lead generation of
M&A opportunities for corporations in North America and Europe. Mr.
Colechia proactively cultivates these relationships to generate deal flow
through a combination of primary research and direct communication.
EDWARD COLECHIA
English
CoBe Capital, LLC
Global Business Development
Divestiture experience with multinational corporations
RESILION
BUS PARTS WAREHOUSE
WARENDORFER KÜCHEN
AROSA MOBILIA
Formerly a division of IAC /
InterActiveCorp (NASDAQ: IACI)
Acquired in November 2011
Formerly a division of HSBC
Holdings plc (LON: HSBA)
Acquired May 1999
Formerly a division of AFG (SIX:
AFGN)
Acquired in December 2012
Formerly a division of the
Gorenje, d.d. (LJSE: GRVG)
Acquired in March 2013
OAKLAND, CALIFORNIA
SYRACUSE, NEW YORK
WARENDORF, GERMANY
MARIBOR, SLOVENIA
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STARK MANUFACTURING
TECHCO SECURITY
HATRIA
Formerly a division of Dover Corp’s
DE-STA-CO (NYSE: DOV)
Acquired in September 2002
Formerly a division of Stanley Black &
Decker (NYSE: SWK)
Acquired July 2015
Formerly a division of Mohawk Industries’
(NYSE: MHK) Marazzi Group
Acquired January 2014
RUSSELLVILLE, ARKANSAS
MADRID, SPAIN
TERAMO, ITALY
Operating Companies
AROSA MOBILIA
Arosa Mobilia is a Slovenian manufacturer of kitchen and home interior cabinetry that began
operations in 1978. Its product range includes modern, classic and rustic designs that allow
for unlimited customization of color, surface and measurement with a highly engineered
production process for both solid wood and veneer kitchens that ensures furniture of the
highest quality.
formerly a division of
 Slovenian kitchen and home interior cabinetry manufacturer
 Heritage dates back to 1978 when Gorenje started furniture production
 Sells through an extensive network of Gorenje Studio locations as well as through big box
and flat pack retailers
Acquired March 2013
 The furniture division has nearly 400 employees across its three production locations in
Velenje, Nazarje and Maribor, Slovenia
Headquarters
Maribor, Slovenia
Industry
Manufacturing
Website
arosamobilia.com
CoBe Capital has added Kornmüller GmbH & Co KG and Arosa Mobilia, two high-quality, low-cost European
kitchen cabinetry manufacturers, to complement Warendorf and deliver cost synergy to the operation.
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HUBERT PLUMPER
Managing Director
Arosa Mobilia
Operating Companies
BUS PARTS WAREHOUSE
As a leading national distributor, Bus Parts Warehouse supplies replacement parts, product
upgrades, and special needs products for the school transportation industry. Bus Parts
Warehouse stocks a wide variety of products manufactured by the major industry suppliers
and has a strong focus in special needs products with a sales staff that is certified to instruct
operators on how to properly secure wheelchair bound occupants.
Bus Parts Warehouse’s in-house manufacturing capabilities include custom pre-spaced vinyl
lettering, decals and school bus seat covers. Bus Parts Warehouse sells to customers across
the United States through its outside sales and customer service teams and in-house parts
specialists can help customers locate hard-to-find parts.
Acquired May 1999
 Established in 1984
 National distribution of aftermarket school bus parts
 The Red Book - nationally recognized catalog of aftermarket parts
 Industry's largest in-stock parts inventory
 Technical service help desk
 In-house seat cover manufacturing
Headquarters
Syracuse, New York
Industry
Distribution
Website
buspartswarehouse.com
Bus Parts Warehouse carries five product groups – safety, mirrors, seats, lights and temperature
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DAVID GUY
President
Bus Parts Warehouse
Operating Companies
HATRIA
A historic Italian brand, Hatria is a worldwide leader in the production and sale of ceramic
sanitary ware products. Founded on a solid ceramics tradition, backed up over time by
sophisticated production technology, exclusive design ideas and innovation, Hatria offers a
range of solutions for the contemporary bathroom, including: wash basins, toilets, bidets,
shower trays, bathroom furniture, shelves and accessories. Field sales team of 45 covering all
of France
 Launched in 1994, and previously owned by Mohawk Industries' (NYSE: MHK) Marazzi
Group
 Hatria is based in a newly upgraded, cutting-edge 65,000 sq. meter production plant in
Teramo, Italy
Acquired January 2014
 Worldwide sales and distribution across Europe, Africa, Middle East and Asia
Headquarters
Teramo, Italy
Industry
Manufacturing
Website
hatria.com
Hatria has a state of the art high-pressure ceramic casting operation. The picture above shows the casting of
shower basins.
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VINCENZO PANZA
Managing Director
Hatria
Operating Companies
RESILION
Resilion is an internet ad network based on a unique direct navigation network model.
 Resilion is headquartered in Oakland, California
 Resilion is a stand-alone entity with 30+ employees
Acquired November 2011
Headquarters
Oakland, California
Industry
IT Services & Software
Website
resilion.net
DAN ROWLEY
President
Resilion
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Operating Companies
STARK MANUFACTURING
Stark Manufacturing is a leader in the design, manufacture, machining and fabrication of
connective tubular flow solutions. Its capabilities include aluminum, steel, and copper tube
and hose assemblies for a variety of industries. The company’s processing capabilities include
bending, brazing, tube forming and assembly, and production of machined parts and
fitting. Many Automakers utilize Stark Manufacturing's expertise to develop and manufacture
complex tube and tube assemblies for A/C systems and other vehicle components. As a Tier
1 and Tier 2 original equipment manufacturer, Stark Manufacturing customers include AM
General, Volvo, Delphi, Caterpillar, GM and Valeo. Its technologically advanced equipment
combined with highly trained and experienced personnel ensure a seamless production
process that delivers the best design and quality for its customers.
Acquired September 2002
 Established in 1976
 TS 16949 & ISO 9001 certified
 20,000' machining center in Russellville, AR - 16 vertical & horizontal machining centers
 110,000' production plant in Paris, AR: 30+ benders, 8 robots, 12 end-formers, 2
vibratory cells
 200+ employees at its two manufacturing facilities
Headquarters
Russellville, Arkansas
Industry
Manufacturing
Website
starkmfg.com
Although brazing might appear simple, making sure that Stark Manufacturing has
100% leak-proof joints is critical to its OE and aftermarket customers.
26
SHUJA HAQUE
President
Stark Manufacturing
Operating Companies
TECHCO SECURITY
Techco Security is a leading provider of electronic security solutions. With decades of
experience in designing and implementing commercial security solutions, Techco Security is a
trusted provider of security solutions to the banking, industrial, retail, gas and small business
verticals. Providing a full range of integrated solutions, including access control, electronic
surveillance, fire protection, GPS, intrusion and video surveillance, Techco Security
additionally supports its customer locally through the business’s Security Operating Centers
based in Madrid, Spain and Milan, Italy.
 Decades of history and previously owned by Stanley Black & Decker (NYSE: SWK)
 ~700 employees and over 35 locations
Acquired July 2015
 Market leading position in providing commercial security to the banking industry
Headquarters
Madrid, Spain
Milan, Italy
Industry
Services
Techco Security designs the most appropriate security solutions for the customer based on the analysis and
identification of their needs. Solutions include: Access Control, Electronic Article Surveillance, Fire
Protection, Intrusion, Key Custody and Track-and-Trace and Video Surveillance.
20
FRANCISCO ABAD SACRISTAN
Director
Techco Security
Operating Companies
WARENDORFER KÜCHEN
The Warendorfer Küchen GmbH arose from the kitchen furniture activities of German
household appliances giant Miele & Cie. Since September 2010 the high quality and design
oriented Miele DIE KÜCHE kitchen furniture have been rebranded “Warendorf – Kitchen
for Personalities” and continues to be positioned as a premium brand. Warendorf kitchens
are distributed via a worldwide network of independent dealers to consumers and project
developers.
 German luxury kitchen manufacturer and retailer
 Heritage dates back to 1973 when Miele & Cie founded the business and it was sold as
Miele DIE KÜCHE
Acquired December 2012
 Rebranded Warendorf - Kitchens with Personalities
 Worldwide network of flagship and dealer retail locations
 Unsurpassed product quality with its unique folding carcass design
 Warendorf has approximately 170 employees
Headquarters
Warendorf, Germany
Industry
Manufacturing
Website
warendorf.eu
W16 – Warendorf's latest kitchen combines the highest quality, sophisticated functionality all with an elegant
and modern design. There are 16 reasons why there is no better kitchen.
27
SLAV LEPENIN
Managing Director
Warendorfer Küchen
References from our Operators
What it is like to work with CoBe Capital:
“With capital and operational assistance from CoBe Capital, we look to rapidly
expand our technology and brand partners.”
DAN ROWLEY
President, Resilion
28
Contact Information
NEW YORK
29
COLOGNE
NEAL COHEN
+1 (212) 338-0518
[email protected]
ZAC MATTEY
Senior Vice President, Global Business Development
+1 (212) 338-0542
[email protected]
+1 (212) 338-0502
[email protected]
SHERANDOA BENITEZ
Vice President, Global Business Development
+1 (212) 338-0461
[email protected]
DR. KNUTH SCHMIDT
Director, Operations - DACH
+49 176 726 753 22
[email protected]
DAVID GUY
Director, Operations - North America
+1 (212) 338-0235 x1121
[email protected]
BJÖRN LARSOW
+1 (646) 891-3905
[email protected]
SLAV LEPENIN
Vice President, Operations
+49 221 845 613 80
[email protected]
SHUJA HAQUE
Director, Operations - North America
+1 (212) 338-0235 x1120
[email protected]
EDWARD COLECHIA
+1 (646) 891-3906
[email protected]
ZURICH
AMY FAIRBROTHER
Director, Talent Acquisition
+1 (646) 891-3904
[email protected]
PATRICK LEIBOVICH
Vice President, Portfolio Mergers & Acquisitions
+1 (212) 338-0576
[email protected]
DR. HENNING WALF
+49 221 845 613 81
[email protected]
SAMUEL ZURKINDEN
Senior Vice President, Mergers and Acquisitions
+49 176 315 843 29
[email protected]
MILAN
ANTONIO VALENTINI
Vice President, Europe
+39 348 8701856
[email protected]

Company Presentation

Transcription

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