09.2020: The fund of Afinum invests in Threema GmbH. Together with the founders, who will retain a significant share in the business, Afinum is going to support the continuation of the strong historic growth. In partnership with Afinum, the company is striving to further strengthen its market position as the leading European secure messenger for corporate and private customers.
Threema (www.threema.ch), based in Pfäffikon (Switzerland), is a leading European provider of secure messaging for private customers, organizations and corporates. Threema consistently focuses on data security and customer privacy. Different to other commercial messaging solutions, Threema’s software neither stores metadata nor chat content centrally. Threema’s B2C solution is used by customers in over 90 countries, while the B2B corporate messaging solution Threema Work has become the market leader in the DACH region and is used by numerous DAX 30 companies, administrations, NGOs and educational institutions.
Threema was founded in 2014 by software engineers Martin Blatter, Manuel Kasper and Silvan Engeler, who will continue to lead the company. Through the partnership with Afinum, Threema lays the foundation for continuity and gains additional resources to grow beyond the German-speaking part of Europe. Threema is continuously improving its software product and adding new features, in order to enhance customer experience while providing the most secure messaging solution. Through an innovative multi-device solution, to be launched over the coming months, customers are going to be able to use Threema on several devices in parallel, without leaving traces of personal data on servers. Additionally, Threema is going to become fully open source, which allows anyone to independently review Threema’s security and verify, that the published source code corresponds to the downloaded app.
Centum Capital provides this third party information as a M&A related news, and has not been involved in this transaction.
08.2020: HQ Equita (Harald Quandt Group) acquires a majority stake in MUEGGE GmbH from MEYER BURGER TECHNOLOGY AG. MUEGGE is one of the leading manufacturers of industrial mission critical microwave components, systems and plasma sources in German-speaking Europe. Based in Reichelsheim, Germany, MUEGGE employs appr. 120 people and provides innovative solutions for a range of industrial applications including the production of food, artificial diamonds and semiconductor components, for drying processes, for chemical molecule extraction and for the production of hydrogen.
The agreement is subject to customary closing conditions and must still be approved by the authorities in Germany.
07.2020: Financial investor capiton takes over CNP Group, based in Germany. CNP is an international manufacturer and distributor of generic pharmaceuticals with a focus on anti-infectives. In addition to antibiotics, CNP offers over-the-counter medicines and medical devices. Most of the products are manufactured at the company’s two production sites in Saarland, Germany. CNP owns marketing authorizations for approx. 400 pharmaceutical products and generates revenues of more than € 40 million with approx. 250 employees. The group is active in 19 countries.
In cooperation with the management team and supported by industry experts, capiton plans to leverage the company’s substantial local production capacity and international footprint to further strengthen CNP´s leading position in target niche markets. CNP Group has been acquired from the founding family and additional funds have been reserved to finance both organic and inorganic growth initiatives in Germany and abroad.
The transaction remains subject to approval from competition authorities.
06.2020: Mutares SE & Co. KGaA has signed an agreement to take over SABO Maschinenfabrik GmbH, one of the leading manufacturers of lawn mowers and other outdoor power tools. The seller is the US group Deere & Company (John Deere). SABO is one of the leading brands for high quality handheld lawnmowers and portable power tools in Europe. SABO manufactures lawnmowers and other power tools for outdoor use and markets them to homeowners, municipalities and gardening and landscaping companies. SABO, based in Gummersbach, Germany, was founded in 1932 and has been a subsidiary of Deere & Company since 1991. SABO employs approximately 125 people.
SABO will retain ownership of its brand assets and operations in Gummersbach. The company will continue to produce handheld lawnmowers and portable outdoor power tools and will sell these machines through its existing network of more than 1,100 dealers in Germany, Austria, Belgium, the Netherlands, Switzerland and Slovakia. According to Deere and Mutares, employees, customers, suppliers, dealers and distributors should hardly notice any changes in daily operations.
The transaction is expected to close by the end of July 2020
03.2020: Harald Quandt Industriebeteiligungen GmbH (“HQIB”) acquired a majority stake in zetcom Group AG (“zetcom”) in March 2020. The Swiss company develops leading software solutions in the field of inventory management for museums and non-profit organizations as well as private, institutional and corporate collections. Globally, zetcom provides solutions to more than 1,000 customers, such as the Louvre, the Stiftung Preußischer Kulturbesitz (Prussian Cultural Heritage Foundation), the National Museum in Oslo and Coca-Cola. The company’s founder and CEO, Marcel Zemp, remains with zetcom as shareholder and continues to manage the day-to-day operations.
02.2020: Financial investor AUCTUS is taking a stake in Georg Parlasca biscuit factory. The traditional family company near Hanover/Germany was founded 1897 and is run by the 4th generation of Anna-Luise, Annett and Georg Parlasca.
Parlasca has been able to position itself as a leading private label manufacturer for specialty pastries and bars over the years and focuses primarily on the baby food and organic categories as well as on innovative special recipes (including vegan, low-carb, low-sugar and high-protein). The company sees itself as an innovative service provider that develops and implements customized solutions together with its customers.
The Parlasca family has been planning the future of the traditional company for some time. The goal was to find a strong partner who would support the company in the successful further development. The independence and preservation of the special Parlasca corporate culture should be ensured at the same time. Now AUCTUS, the leading medium-sized German private equity firm, has been found as a long-term partner for the joint implementation of this strategy. The Parlasca family retains a significant stake in the company as part of the partnership, and Georg Parlasca remains the managing director in operational and strategic responsibility. In addition, Georg Parlasca will take over the chair of the advisory board after his work as operational manager and actively shape the long-term strategic development of the company in this role. Mr. Guido Schulze is appointed as the second managing director. The partnership does not change anything for customers, suppliers and employees. Plans for a production expansion at the Burgdorf site are ongoing.
AUCTUS and the Parlasca family plan to accompany the successful development of the company in the long term and to support them through further investments in personnel and technology.
01.2020: A funds of investor Afinum acquires a majority stake in Swiss Interconnect Holding SA („LEMCO PRECISION“). Together with the entrepreneur and long-standing CEO André Rezzonico, who will remain minority shareholder.
LEMCO PRECISION (www.lemco-precision.ch) manufactures contacts for data and power transmission that are small in diameter, complex in shape, and suitable to harsh environments. As the Company provides the highest quality and zero-defect guarantees, its contacts are used in highly critical electronic equipment across civil aviation, transport (non-auto), space & defense, telecom as well as industrial and other applications. Over the past two decades, the company has built strong ties to the big connector makers in North America and Europe.
LEMCO PRECISION was founded in 1965 and acquired in 1995 by a group of investors around the shareholder and CEO André Rezzonico. The Group is headquartered in Monthey, Western Switzerland, employs c. 235 FTEs and generated revenues of approximately 56 MCHF in 2019.
01.2020: Software specialist Werbas AG takes a private, German group of investors on board to manage company succession. WERBAS AG is one of the leading providers of effective software solutions in the automotive industry. Companies in many areas who use special workshop software or dealership software benefit from this software in order to optimize their work processes. Thus, Werbas target groups include both car and commercial vehicle workshops & garages, service companies and municipal repair workshops as well as car dealerships, body and paint shops, caravan and motorhome shops as well as classic car repair and restoration companies.
As a neutral and independent provider of functional software, Werbas enables its customers to have broad market access to a wide variety of trading platforms, parts providers, and information and damage calculation systems. Connections to over 250 systems are already available today. The company continuously develops the range of its solutions and interfaces. For over 3,500 customers, Werbas is constantly looking for new advantages and expansion options for its software products.
Centum Capital initiated this transaction and advised the buyer in 2019/20. For details click here
01.2020: Covestro has successfully closed the sale of its European polycarbonates sheets business to the Germany-based Serafin Group effective January 2, 2020. This includes key management and sales functions throughout Europe as well as production sites in Belgium and Italy. The segment generated total sales of EUR 130 million in 2018. Serafin will continue operations with the 250 employees at all locations. Moreover, Covestro will continue to serve as the key raw materials supplier in the foreseeable future.
From now on, the former polycarbonate sheets business of Covestro will operate under the new company name Exolon Group (www.exolongroup.com). Within Serafin Group, Exolon Group will be established as an independent, mid-sized company. With its own dedicated strategy based on the needs of its customers, the company will be able to fully exploit its growth potential in the future. As an independent company, Exolon Group will continue to focus on the production and distribution of high-quality solid and multiwall sheets, which are used in a variety of industries and applications, such as in the construction- and lightning industries as well as in the fields of mechanical engineering and mobility.
Covestro and Serafin have agreed not to disclose the financial details of the transaction.
12.2019: Bregal acquires leading provider of power electronics as part of a succession plan. Laboratory power supplies, electronic loads and bidirectional power supplies for R&D, education and industrial applications: These are the core business fields of EA Elektro-Automatik GmbH & Co. KG, a globally leading supplier of power electronics for the high-power electronics market, based in Viersen, Germany. As part of a succession plan, funds advised by Bregal Unternehmerkapital have recently acquired a majority stake in the hidden champion, with the goal of establishing a long-term partnership to continue the company’s success and growth momentum. Today, EA produces on an area of 10.000m² at its headquarters in Viersen, has branches in China as well as the US and employs around 250 people. Under the leadership of founder and CEO Helmut Nolden, the company has experienced strong growth over the recent years and supplies customers from the industrial, alternative energies, electrochemistry, process technology, and telecommunications sectors. EA’s products used to test high-power electric components are also contributing significantly to the development of electric mobility around the world.