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German mid-market group Finatem sells two portfolio companies to Barclays

German mid-market buy-out group Finatem has notched up its third exit of the year with the sale of two of its portfolio companies, Gutbrod and Hugel, to pan-European group Barclays Private Equity.

Finatem bought Hugel in 2001 and Gutbrod in 2002. Both firms design and manufacture small metal components for the German automobile industry.

The sale also provides Finatem's co-investors in the deals, DEFI Gestion, DZ Equity Partner and Natexis Industrie, with an exit.

Christophe Hemmerle, managing director and founding partner of Finatem, said: 'I am delighted with our success at both Gutbrod and Hugel. It shows that teams with operational experience and local knowledge can make good returns in Germany.'

Finatem is currently raising its second fund and held a first close in the summer on E74m.

Barclays is one of the most active pan-European mid-market specialists and is expected to begin raising a new fund in the coming months.

(Finatem is being advised on its fundraising by Almeida Capital, the owner of AltAssets.)

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