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: 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.
11.2019: GPE Group, a producer of specialized med-tech systems and components, has acquired NICOLAY, a manufacturer of medical equipment based in Nagold, Germany. The combined group will generate revenues of appr. € 85 million annually. NICOLAYs core competences lie in the development and production of non-invasive patient surveillance equipment. The product range extends from existing in-house developments, which can be individually adapted, to tailor-made solutions according to customerspecific requirements. “Both companies complement each other with their different core competences. With the acquisition of NICOLAY, GPE will be able to satisfy the growing demand for complex components in the med-tech industry form a single source” says GPE CEO Steven Anderson. The transaction is still subject to approval by the antitrust authorities.
10.2019: Financial invesor Afinum invests in Golfversand Hannover GmbH („all4golf“), Europe’s largest e-commerce company for golf equipment and the undisputed market leader in the German speaking region. The leading position of all4golf is reflected in the extensive range of more than 20,000 SKUs, which includes the full range of golf equipment, apparel and accessories. In addition to the online shop, the physical store attached to its headquarter and main logistics center in Hanover offers one of the largest golf assortments in Germany as well as a state of the art fitting center. Together with Afinum, Stefan Kirste, Managing Director and previous 100% owner of the Company seeks to continue all4golf’s success story by further increasing its market share in Germany and expanding the business abroad.
08.2019: DMB Dr. Dieter Murmann Beteiligungsgesellschaft mbH has acquired Germany-based MESSRING Group. With the August 16 purchase agreement, DMB acquired the crash test technology specialist retroactively as of January 1, 2019. The sellers are the two general managers Robert Weber and Dierk Arp, who will remain general managers of the group.
MESSRING Group, founded in 1968 and headquartered in Krailling near Munich, develops and produces innovative crash test systems and technology for testing active and passive safety systems in vehicles – and is the global market leader in these fields. From the smallest part to the largest facility, MESSRING offers everything the client needs to make its products safer and pass even the most challenging tests. MESSRINGS’s product range stretches from simple drive units to entire turnkey facilities including all the necessary subsystems. Due to the rising importance of active safety systems in automated and autonomous vehicles, MESSRING offers solutions, which can realistically test the reliability of active safety systems on proving grounds. Therefore, MESSRING is developing software/ hardware solutions and test equipment to ensure a progressive approach to test active safety systems.
MESSRING Group employs more than 150 people and includes MESSRING GmbH in Krailling, MESSRING Active Safety GmbH in Ingolstadt, and Chongqing MESSRING Trading Co. Ltd. in Chongqing/China.
As part of DMB, MESSRING will be an independently operating group of companies. The acquisition of MESSRING Group is another step in DMB’s diversification and strategic development. DMB Group now consists of seven portfolio companies with their subsidiaries, which are leaders in their respective markets.
Centum Capital has acted as exclusive adviser to the seller in 2018/19.
07.2019: Lifco Group has signed an agreement to acquire the majority of the German company ErgoPack Deutschland GmbH. The company is the leading manufacturer of ergonomic and mobile pallet strapping systems that are used in many different industries globally. In 2018, the acquired operation reported net sales of approximately 22 MEUR. The business is based in Lauingen, Germany and employs around 85 people. The operation will be consolidated in Business Area Systems Solutions, division Environmental Technology.The acquisition is subject to anti-trust clearance from German authorities. Please visit www.ergopack.de for more information.
07.2019: In order to support further expansion of the business, funds advised by Steadfast Capital acquired a majority stake in BUK Group (BUK). The transaction comprises BUK Kunststofftechnik GmbH and EMG GmbH, both based in Eppingen (Baden-Württemberg), UHB Kunststofftechnik GmbH, based in Bohmte (Lower Saxony), as well as the toolmaking department of the group. BUK is a manufacturer of high precision and complex injection moulding parts for customers in diverse sectors. The manufactured parts are used, amongst others, in hand tools, water fittings, as well as household and electrical appliances. In addition to the parts department, BUK maintains its own toolmaking department and offers its customers extensive installation services. Together with Thorsten Ulbrich, who continues to hold a significant stake in the group, Steadfast Capital will pursue BUK’s further expansion as well as supporting the ongoing strategic development of the company and its employees.
06.2019: Fidelium Partners has acquired 100% of Mühlhoff Umformtechnik GmbH from owning familiy. Mühlhoff manufacturers complex formed parts and components for the automotive industry. The customer base includes almost all notable car manufacturers such as BMW, Daimler, Ford, Volvo, VW, etc. and their respective suppliers globally. Customers appreciate the high degree of reliability and competence. The parts and components are used in the bodyshells, chassis, powertrains and frames. Around 40,000 tons of steel, aluminum and stainless steel are processed each year. State-of-the-art forming and joining technologies alongside more than 400 qualified employees ensure absolute precision and adherence to the highest quality standards.
04.2019: A fund advised by AFINUM Management GmbH has exited Sinnex to French Groupe Mériguet, a leading provider of renovation services for high end private residences and historic buildings. Sinnex is a highly-specialized interior outfitting company serving the megayacht industry across Europe. The company also builds high end interior for private residences and aircraft. AFINUM acquired the majority of the company from the founders in 2010 and organized their succession. The company more than doubled its total output in recent years. Today, Sinnex belongs to the top group of general contractors in this industry. Within Groupe Mériguet, Sinnex shall leverage on its competencies and contribute to the residential projects of Mériguet. For this purpose, Sinnex runs a factory in Griffen/Austria and engages a broad subcontractor network particularly in Southeast Europe.