RV News

Erwin Hymer Group Explores IPO

This article is from our older website archives. Some content may not be formatted or attributed properly. Please Contact Us if you feel it needs to be corrected. Thank you.
Erwin Hymer

Family-owned Erwin Hymer Group has attracted interest from private equity as it explores a stock market flotation which could value the German mobile home manufacturer at up to $3.5 billion, people close to the matter said.

This story appeared on The PE Hub Network.

Buyout groups KPS and Centerbridge are expected to submit final bids by early September for the owner of the Hymer, Dethleff’s and Buerstner RV brands, the sources said, adding that Hymer’s owners may still opt for a listing.

Erwin Hymer Group is currently conducting a dual track process, with options including an initial public offering (IPO) or taking in an external investor, a Hymer spokesman said.

Centerbridge declined to comment, while KPS was not immediately available for comment.

The family owners, which are seeking funds for Hymer investments in North America and Asia, initially only planned to divest a minority, but have opened up to the idea of selling a controlling stake, the sources said. Hymer is expected to post earnings before interest, tax, depreciation and amortization of more than 250 million euros this year and of roughly 300 million in 2019.

It may reap a valuation of 2 to 2.5 billion euros in a potential stake sale to private equity, while it could be valued at 2.5 to 3 billion euros in a potential IPO, the sources said.

Related Articles

Back to top button