VCP acted as a buy-side advisor to Ferro on the acquisition of Termet, one of the leading suppliers of comprehensive systems in the segment of modern heat source management in the Polish market
At the beginning of the project, VCP conducted a comprehensive screening of Polish and other CEE markets in accordance to the agreed investment criteria and established contact with selected potential targets on Ferro’s behalf
Major shareholders of Termet decided to engage in discussions on a potential transaction with the aim to provide the company with a partner ready to support its further development
The process was run in the form of bilateral discussions between Ferro and the shareholders of Termet
The scope of the transaction also included Tester – provider of electronic control and automation systems for gas devices as well as specialized piping systems for the heating and cooling industry and one of the key suppliers of Termet
VCP supported Ferro in the entire transaction process through provision of valuation services, deal tactics, coordination of advisory work streams and other ad-hoc assignments
The transaction was signed in November 2020 and is subject to approval by the Polish antitrust regulator UOKiK
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