Harris Williams Advises Duke Street Private Equity on its Pending Acquisition of COMPO Consumer
June 03 2021 - 9:01AM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it is advising Duke Street
Private Equity (Duke Street) on its pending acquisition of COMPO
Consumer (COMPO), continental Europe’s largest producer and
distributor of gardening soil, fertilizer, plant protection and
lawn seeds, from China-based Kingenta Ecological Engineering Group
Co. Ltd. (Kingenta). The transaction is being led by Ed Arkus,
Andreas Poth and Stefan van de Ven of the Harris Williams Consumer
Group and Daniel Wang, a managing director who leads the firm’s
platform in Asia.
“COMPO is continental Europe’s market leader in gardening
products for consumers, providing a comprehensive range of
technically superior products under the most respected brand in the
industry,” said Ed Arkus, a managing director at Harris Williams.
“We look forward to watching COMPO continue to thrive with Duke
Street, where it will have the opportunity to further grow
organically and through acquisitions across Europe, as well as
continue to build on its leadership position in the ESG space.”
“This transaction adds to the firm’s strong track record with
Asia-based corporations and showcases our ability to seamlessly
deliver successful client outcomes for complex transactions
spanning multiple continents,” added Daniel Wang, a managing
director at Harris Williams.
“By leveraging our consumer gardening sector knowledge, global
platform and local team in Germany, we were able to provide
high-impact, tailored advice to Duke Street,” said Andreas Poth, a
director at Harris Williams.
Duke Street has been investing in mature, mid-market Western
European companies for over 25 years across four sectors: consumer,
healthcare, industrials and services. Duke Street has a proven
model of value creation by successfully identifying unique
opportunities and adding value to the companies it acquires. Duke
Street has invested over 2.5 billion euros in more than 50
companies over the last 25 years and has achieved strong returns in
excess of 25 percent IRR since inception.
COMPO is continental Europe’s leading provider of branded
products for plants in home and garden, including potting soils,
fertilizers, plant protection, pest control and lawn seeds. COMPO’s
foundations were laid in the 1950s, when the company became the
first supplier of potting soil in 'user-friendly' bags and since
then developed a market leading positioning also in organic
sustainable products. COMPO is headquartered in Muenster, Germany,
employs over 750 people and has operations across nine locations in
Germany, France and other European countries.
Kingenta is a publicly listed company and a leading producer of
plant nutrition and crop solution products in China. Since its
inception in 1998, Kingenta has developed into a renowned national
innovative enterprise with more than RMB 6.9 billion in sales, more
than 10,000 employees, and 7 million metric tons of annual
production capacity.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Consumer Group has completed transactions
across a variety of verticals, including branded consumer products;
consumer services; food, beverage and agribusiness; and restaurant
and retail. For more information on the Harris Williams Consumer
Group and recent transactions, visit the Consumer Group’s section
of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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