Cologne — BELGRAVIA & CO. exclusively advised the main shareholders of Schumag AG (“Schumag”, www.schumag.de) on the capital increase against cash contributions with allocation to existing shareholders and TPPI GmbH (“TPPI”) as additional, new main shareholder. The capital increase was carried out by making full use of the Authorized Capital 2021.
SCHUMAG AG is a listed company with around 450 employees whose precision products are “Made in Germany” and exported worldwide. Schumag produces highly complex precision parts made of steel, which are supplied to customers worldwide according to customer drawings in various quantities, even into the millions. In the standard parts sector, Schumag manufactures products for mold and tool making.
Aachen-based TPPI GmbH, which is backed by Aachen-based Professor Dr. Thomas Prefi, joins regionally anchored major shareholders as a further major shareholder in Schumag AG as part of the capital increase. Prefi is an adjunct professor at RWTH Aachen University and co-founder of P3 Ingenieurgesellschaft — the Umlaut Group, now part of Accenture.
Schumag CEO Johannes Wienands sees the commitment of TPPI as a further building block for the future strategy: “With Professor Dr. Thomas Prefi, we are gaining not only a strong shareholder, but also smart capital in the best sense of the word. He knows from his own entrepreneurial experience how change processes have to be designed and, with his network, is also a strong driving force for our most important change areas of digitization and automation.” The capital increase is intended in particular to implement Schumag AG’s growth strategy.
BELGRAVIA & CO. acted as exclusive M&A advisor to the sellers.