Quarton International successfully advised VR Equitypartner and the entrepreneur Mr. Jurgen Bayer on the sale of their shares in the ismet Group to Phoenix Mecano, a company listed on the Swiss stock exchange.
Quarton International was exclusively mandated as M&A advisor by both shareholders to achieve ambitious transaction goals and to find the best buyer for the furture development of the successful company.
In the highly competitive transaction process, the decision was made in favor of the Phoenix Mecano Group as ismet will make a valuable addition to the Group’s existing business activities in the area of power quality.
Juergen Bayer, managing shareholder of ismet: “Quarton International did a fantastic job presenting ismet – my life’s work, which I built up in over 42 years – in a credible and attractive way. Quarton’s ability to obtain a deep and comprehensive understanding of our company, our technologies and all through the aspects unique to ismet made the crucial difference throughout the process. I felt perfectly well advised at any step of the transaction.“
Steffen Haeberle, investment director at VR Equitypartner: “It is always a great pleasure to work with the professional team of Quarton International. Our expectations regarding the understanding of the company, the intensive process management and the transaction results were exceeded by far.“
All parties have agreed to keep further transaction details confidential.
VR Equitypartner is one of the leading private equity financiers in Germany, Austria and Switzerland. The company supports medium-sized family companies on a target-driven basis, underpinned by decades of experience in solving complex strategic financing issues. Events that have prompted VR Equitypartner to realise investments in such companies include growth and expansion financing, corporate succession or a change of shareholders.
The Phoenix Mecano Group is a global player and leading in several market segments for enclosures and industrial components. Geared towards the professional and cost-effective manufacture of niche products, it helps to ensure the smooth operation of processes and connections in the machine industry and industrial electronics. Its products are used in the mechanical engineering, measurement and control technology, medical technology, aerospace technology, alternative energy and home and hospital care sectors, amongst others.
The company is listed on the Swiss Stock Exchange since 1988 and headquartered in Zurich. With over 6,000 employees, Phoenix Mecano has a turnover of 559.8 million Euro in 2015.
ismet, founded in 1994 as legal successor of the longest-established ismet-Werke Joh. Schlenker-Maier in Villingen-Schwenningen, is a leading European manufacturer of customized transformers and inductors for highly demanding application conditions. The company’s products are used worldwide in numerous consumer industries, including machine and plant engineering, transport and building technology as well as in the renewable energies industry.