German Single Family Office Sells Stake in apt to Chinese Mengtai Group

German Single Family Office Sells Stake in apt to Chinese Mengtai Group

GP Holding GmbH, the German single family office of Guido Pühse, sells its majority stake in apt Sedant Holding GmbH to the Chinese Mengtai group.

apt: an aluminum producer with more than €250M in revenues

Monheim-based apt group is a leader in the European aluminium industry. The group has more than 1.000 employees and yearly revenues in excess of €250M. Main sites of the company are in Monheim am Rhein, Eckental, Roermond (Netherlands) or Cheb (Czech Republic). Components of apt are used in the construction, transport and automotive industry.

Pühse Family Office as the apt majority shareholder since 2019

In 2019, Guido Pühse took over 69,9% of the shares of the apt group with his family office, the GP Holding GmbH. Now, he sells its stake to the Chinese Mengtai group. Mengtai – with its headquarter in Ordos (Inner Mongolia, China) – is a leading industrial company with its focus on coal, aluminium, electricity and urban heating industrie. Guido Pühse was the long-time CEO and owner of the German chemical company Oskar Nolte GmbH, which was sold in 2018 to the Peter Möhrle Holding (which is also a single family office).

Picture source: Gareth David
Article source: M&A Review, 27.07.2020

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