- Balflex is a global manufacturer of high pressure hydraulic components, with a presence in over 35 countries and distribution centres in six key markets.
- Henko will support Balflex in its next stage of development, strengthening its global presence.
- Balflex recently inaugurated a new manufacturing plant in Portugal, the only one in the Iberian Peninsula dedicated to the production of hydraulic hoses.
Porto (Portugal), 22 November 2024. - Henko Partners, an Iberian private equity firm, has acquired a majority stake in Balflex, a leading manufacturer of hydraulic components. This transaction aims to support the company's international expansion, drive product innovation and strengthen its production capacity.
Founded in 1963 by Basilio Alves, Balflex has established itself as a key player in the hydraulics industry, offering a wide range of products to serve both the aftermarket and OEMs. Headquartered in Porto, Balflex operates in more than 35 countries and has distribution centres in six key markets: Portugal, the United States, Germany, Brazil, Chile and Peru. Among these, the United States has become the fastest growing market, demonstrating the success of its global expansion efforts.
Balflex operates two production plants: one in Curitiba, Brazil, and another recently opened in Pindelo, Portugal dedicated to the production of hydraulic components. Both facilities reflect the company's commitment to quality and production efficiency.
Balflex's current shareholders, Carlos Alves, Francisco Alves and David Coelho, will continue to invest in the company, supporting its growth. Balflex has also recently added Toni Figueiredo as its new CEO. With a proven track record in the hydraulics sector, Figueiredo brings valuable experience in leadership and business strategy.
Carlos Alves, Francisco Alves and David Coelho testified: "This partnership with Henko will allow Balflex to continue its growth trajectory, especially by expanding our presence in new regions and optimising our operations. We are excited about the opportunities this collaboration brings for our team, customers and the future of our company."
Lars Becker, partner at Henko Partners, commented: "Balflex has demonstrated extraordinary growth in recent years. We are delighted to partner with the company and support its expansion ambitions. It is a unique company with a strong track record, and we look forward to building on that foundation."
The transaction has been advised by Clearwater International and Miranda & Associados, as financial and legal advisors to the shareholders of Balflex, and by PwC and Bird&Bird, as financial and legal advisors to Henko.
About Balflex:
Balflex is an international manufacturer of high-pressure hydraulic components. Founded in 1963 in Porto, Portugal, the company operates in more than 35 countries and has production plants in Portugal and Brazil, as well as distribution centres in the United States, Brazil, Portugal, Germany, Chile and Peru. Committed to the highest quality standards, Balflex offers innovative solutions for the aftermarket and OEM sectors, with a focus on operational excellence and ensuring customer satisfaction.
For more information, visit www.balflex.com.
About Henko Partners:
Henko Partners is an independent private equity firm focused on supporting Spanish and Portuguese SMEs in markets with long-term growth trends. The strategy is to work with entrepreneurs and management teams to develop high potential businesses. As entrepreneurs for entrepreneurs, the firm supports companies to accelerate their growth and transform into more resilient and sustainable businesses. Henko Partners is a responsible investor committed to strict environmental, social and governance principles.
For more information, visit www.henkopartners.com.
