Clearwater advises Balflex on its sale to Henko Partners

Transaction

Balflex on its sale to Henko Partners

Sell-side

Undisclosed

Role

Adviser to Balflex on its sale to Henko Partners

Sector

Industrial & Chemicals

Region

Portugal

We have advised the shareholders of Balflex, a global manufacturer and distributor of high-pressure hydraulic hoses and fittings, on its sale to Henko Partners, an Iberian private equity firm.

Founded in 1963 by Mr. Basilio Alves in Portugal, Balflex has grown to become a key player in the hydraulics industry. The company provides an extensive range of high-quality products to serve both the hydraulics aftermarket and original equipment manufacturers (OEMs). Distributing in over 35 countries, Balflex operates strategically placed centres in six major markets, including Portugal, the US, Germany, Brazil, Chile, and Peru. The US currently represents Balflex’s fastest-growing market, highlighting the company’s success in its recent global expansion efforts.

Balflex operates a manufacturing facility in Brazil, focused on industrial hoses, and in 2022, the company opened a second manufacturing facility in Pindelo, Portugal, dedicated to hydraulic rubber hose production. Both facilities reflect Balflex’s commitment to optimising production efficiency and delivering high-quality products to its global customer base.

Through this acquisition, Henko Partners aims to support Balflex’s ongoing international expansion and strengthen its operational capabilities worldwide. Balflex’s current shareholders will retain an investment in the company, contributing to its continued growth and success.

This partnership with Henko will enable Balflex to continue its trajectory of growth, particularly in expanding into new regions and optimising our operations. We are excited about the potential this collaboration brings to our team, our customers, and our company’s future. We would also like to thank the Clearwater team for their dedication and expertise throughout this process. Their professionalism and support were key in achieving a successful transaction and setting Balflex on a promising path forward.
David Coelho, CFO and Shareholder, Balflex

Balflex has demonstrated remarkable growth in recent years. We are thrilled to partner with the company and support its growth ambitions. Balflex is a unique company with a strong heritage, and we are looking forward to build on this solid foundation.
Lars Becker, Partner, Henko

What a journey it has been! Over the past few years, we have had the privilege of working closely with the Balflex team, actively contributing to strategic discussions and witnessing the impressive growth of the business. From the very first meetings, it was clear that Balflex and Henko’s team were an ideal match. We are thrilled to have completed this project and found the perfect new home for Balflex. We are confident that this partnership will bring continued success.
Afonso Lima, Director, Clearwater

It has been a pleasure advising the shareholders of Balflex on the company’s acquisition by Henko. With decades of experience and a reputation for high-quality products in the hydraulic sector, Balflex serves as an ideal investment platform for Henko. We wish the Balflex management team and Henko great success as they begin this exciting new chapter together.
José Lemos, Partner, Clearwater