KPMG in Slovakia has acted as the buy-side advisor to Descours & Cabaud Slovakia, s.r.o., a leading B2B distributor of supplies and equipment for industrial sectors, on the acquisition of a 100% stake in Hypress East Europe.
Details of the transaction
Hypress East Europe
Hypress East Europe, based in the Czech Republic, focuses on wholesale of hydraulic components mainly with orientation on fluid connectors. Established in 2008, Hypress East Europe has gained a stable position in the Czech market and is currently providing its services to wide range of clients.
Descours & Cabaud Slovakia
Descours & Cabaud Slovakia is a member of French multinational Descours & Cabaud Group that provides professional technical supplies for the industry and construction sectors. As the leading B2B distributor to industry in Slovakia and the Czech Republic, company supplies manufacturers, sole traders, service providers and state-owned enterprises with services and products related to industrial maintenance and personal protective equipment. Descours & Cabaud Group has an active presence in 14 countries around the world and its turnover reached 3.8 billion euro in 2020.
By investing in Hypress East Europe, Descours & Cabaud Slovakia strengthens its position is the Czech market and expands its footprint in the hydraulic segment. Acquisition of Hypress East Europe marks company´s 4th acquisition in the CEE region over the past 3 years.
KPMG Role
KPMG provided to Descours & Cabaud Slovakia complex buy-side advisory, which consisted of financial, tax and legal due diligence, corporate finance and Share-purchase agreement preparation and negotiation support. KPMG assisted the management in the whole decision-making process, that led to the successful closing of the transaction in January 2022.
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