EY Deals

November 2023

Partners Group, on behalf of its clients, has agreed to acquire ROSEN, a global provider of mission-critical inspection services for energy infrastructure assets, from its founder, Hermann Rosen, who will remain a significant partner. Headquartered in Switzerland, ROSEN provides recurring, regulatory-driven inspection and integrity management services for energy transmission pipelines. The company operates from 25 locations and covers more than 120 countries. ROSEN's core service involves sending high-tech, precision sensors through pipelines to detect corrosion or minor cracks and identify risk areas where maintenance is required.

EY advised Partners Group in the investment in Rosen Group, offering financial and tax due diligence, structuring, IT/operations carve-out assessment, and ESG due diligence services. The EY Team included Simon Sterchi, Indira Kurmanova, Flavia Schalcher, and Gaspard Thiercelin for financial due diligence; Conradin Mosimann, Michael Bertschinger, Florian Meraud, and Fabian Mauchle for tax due diligence and structuring; as well as Raphael Maccagnan, Christopher Grüne, Daniel Csepregi, and Fleur Leblanc for operations; Daniela Pfeifer, Lars Schwarze, Ruben Schilder, and Damian Gruber for IT due diligence; and Robert Seiter, Simon Fahrenholz, Catharina Bühring, Ishita Chelliah, Martin Christ, Christian Ravanello, Paul Réthy, Christoph Voegele, Jakob-Ferdinand Roth, and Pascal Fondermann for ESG due diligence services.

November 2023

We are thrilled to have advised the shareholders of Minka SCS AG, a renowned Swiss-based company, on the successful sale of a majority stake to Reinhart, also based in Switzerland. Minka specializes in the sustainable sourcing and distribution of cocoa beans from diverse origins and countries. With a presence in Peru, Ecuador, the Dominican Republic, Uganda, and the Democratic Republic of Congo, Minka has firmly established itself as a leader in the cocoa export industry.

Our dedicated M&A team was led by Fabian Denneborg and Camille Denis, supported by Mahmud El Saghir, Jeanne Schläfli, and Yann Liechti. They brought their expertise and strategic insights to the table, guiding the shareholders towards a successful outcome.

November 2023

EY advised Clariant AG, a sustainability-focused specialty chemical company headquartered in Switzerland, in connection with its agreement to acquire Lucas Meyer Cosmetics from International Flavors & Fragrances, Inc. (IFF) for a total cash consideration of USD 810 million (approx. CHF 720 million) on a debt-free, cash-free basis. The proposed transaction allows Clariant to further transform its portfolio towards high-growth, high-margin, and highly cash-generative specialty chemicals businesses and consumer end-markets underpinned by accelerating demand for natural and sustainable products. IFF and Clariant expect to close the transaction in the first quarter of 2024, subject to applicable work council consultations and customary closing conditions, including regulatory clearances. Lucas Meyer Cosmetics is a leading player in the high-value active and functional cosmetic ingredients market and develops, manufactures, and markets innovative ingredients for the cosmetic and personal care industries. Lucas Meyers Cosmetics operates global research and development and regional application centers.

Our multi-disciplinary team led by Steve French advised Clariant during the negotiation process with respect to financial, tax, HR, and SPA matters. The finance team included Steve French, Max Lanz, Maria Clara Ruiz Rueda, Roma Sarda, and Mohit Kumar Goel. Martin Baumgartner, Marco Stoffel, Jan Hochstrasser, and Stephanie Ottinger supported with tax due diligence and tax structuring. Dr. Marc Vogelsang, Pierre-Antoine Quatrhomme, and Simon Moeckli advised on tax matters in connection with the transaction agreements. Martin Kuhn and Jody Bareket covered HR/pension matters. Steve French, Tony Pinckard, and Meera Shah provided SPA support, advising on the transaction price adjustment mechanism and financial aspects of the SPA.

October 2023

EY advised Partners Group, acting on behalf of its clients, in tax matters relating to the agreement to invest in Exus, an international infrastructure asset management and development firm focused on the renewable energy sector. Exus currently manages over 11 GW of renewable energy assets and has developed 2.4 GW of assets in both Europe and North America. The investment is made alongside Exus’ founders and management. Partners Group plans to commit up to EUR 1 billion in growth capital. The Swiss EY tax team included Conradin Mosimann, Marc Vogelsang as well as Özgür Kara, Ivo Schnyder, Michael Stoller, Patrizia Leonardi, and Fabienne Gauch. Spanish tax advice was provided by Anil Bharwani Alwani, Jose Enrique Padilla Garcia, and Ana Mahia Garrapucho. Antonio Neves and Joana Bessa covered Portuguese Taxes; Adriana Boixados Prio as well Alessandro Fainelli advised on Luxembourg tax matters.

August 2023

Lonza has entered into an agreement to acquire 100% of Synaffix BV, an innovative biotech company focused on antibody-drug conjugates (ADCs). While ADCs hold great potential against cancer, they pose complex development and manufacturing challenges. The collaboration between Lonza and Synaffix aims to streamline the path to clinic and commercialization of novel ADCs, targeted gene therapy, and immune cell engagers. Our teams at EY Switzerland acted as Lonza's financial, accounting, and tax advisors, providing due diligence, purchase price allocation, accounting support, tax structuring, and Sale and Purchase Agreement (SPA) advice.

June 2023

Partners Group acquired a leading biogas and biomethane energy platform in Germany ("the Platform") on behalf of its clients. Our team at EY provided crucial support to Partners Group in this transaction, offering buy-side financial and tax due diligence, structuring, and IT/operations carve-out assessment services. The deal was led by Simon Sterchi, with assistance from Denis Pietruschka and Alexander Gerdenitsch for financial due diligence, Conradin Mosimann, Stephan Seiffert, Lukas Göckeritz, Marc Vogelsang, and Alexander Mergardt for tax due diligence and structuring, and Raphael Maccagnan, Daniela Pfeifer, and Ruben Schilder for the IT/operations carve-out assessment.

June 2023

Kliniken Valens and Zürcher RehaZentren have decided to join forces in the future. The two clinic groups are thus combining their joint strenghts in quality, research and development and as employers. We have supported the two clinics in the due diligence process. The due diligence teams were led by Simon Sterchi and Hannes Schobinger on the financial workstream, by Markus Nyffenegger on the tax workstream and by Martin Kuhn on the pension workstream.

April 2023

EY supported Saint-Gobain, a worldwide leader in light and sustainable construction, on the divestment of its glass processing business, Glassolutions, in Switzerland to the privately-owned German group AEQUITA and its portfolio company, Vandaglas GmbH. EY acted as M&A, tax, and carve-out advisors; CMS acted as a legal advisor to Saint-Gobain. 

March 2023

Swiss Prime Site signed an agreement to sell Wincasa to Implenia. Founded in 1999 and acquired by SPS in 2012, Wincasa offers integrated, full-service models across the Property Management value chain, supporting real estate owners and tenants with a wide range of services. The deal supports SPS’s strategy to focus on its property portfolio and the fast-growing Asset Management business. Closing of the transaction is subject to regulatory approval.

EY Switzerland supported Swiss Prime Site with vendor due diligence services, including financial, tax and pension due diligence. The team was led by Simon Gaudenzi and Simon Sterchi on the financial workstream, by Martin Kistler on the tax workstream and by Martin Kuhn on the pension workstream.

January 2023

EY advised companies associated with XXXLutz, a family-owned Austria-based furniture store chain present in various European countries, on legal and financial aspects and provided tax structuring and transaction diligence. In addition to furniture of all types and styles, the company also sells home textiles, curtains, baby articles, lighting, household goods and home accessories. With the acquisition of Conforama, XXXLutz continues its European expansion and extends its market presence in Switzerland. Legal advice was led by Oliver Blum with support from Roman Schlager, Julia Thonhauser was responsible for financial advice and transaction diligence services, supported by Francesca Punzi and Quentin Clerc. The tax team consisted of Carsten Kuhlmann and Jan Bertini.

November 2022

Partners Group Investment Services AG is a Swiss-based global private equity firm. It has acquired Cloudflight,  a leading digital transformation services provider in Europe, from Deutsche Beteiligungs AG. Cloudflight provides scalable solutions and tailor-made software to help companies digitize their business models, processes, and products. EY advised Partners Group Investment Services AG on the acquisition of Cloudflight GmbH.

November 2022

Amsonic-Hamo Group is a long-standing market leader for validated  cleaning in the pharmaceuticual, medical and precision industries. It has sold 100% of its shares to Kowema AG. Kowema is a Swiss group of companies exclusively funded by Swiss pension funds. Together with Amsonic-Hamo and KKS Ultraschall, two specialists in precision cleaning solutions and surface finishes in the pharmaceutical and medical technology and precision industries it forms two of the leading providers in Switzerland and Europe. EY advised on M&A advisory and negotiation as well as on legal and tax advisory on an international level.

October 2022

Swiss Life Investment Management Holding AG, a life insurance company headquartered in Zurich, Switzerland, and Livit AG, a company operating in the Real Estate Industry headquartered in Zurich, Switzerland sold 100% of Livit FM Services AG. Livit FM Services AG is facilities management and workplace experience company. EY advised on M&A sell-side advisory services.

October 2022

Amedis-UE AG, a Swiss pharmaceutical wholesaler active in healthcare logistics, is a subsidiary of PHOENIX Pharma Switzerland. PHOENIX Pharma Switzerland and Voigt Holding agreed to establish a 50/50-joint venture to combine their pharmaceutical distribution services and prewholesale activities. EY advised on its joint venture with Voigt Group on financial due diligence and pension services. 

September 2022

Saint Gobain S.A., a French multinational corporation headquartered in Paris, planned to acquire a minority stake in Megasol-Holding AG and furthered strengthened its position in sustainable construction. Saint-Gobain S.A. was advised on financial, tax and legal, and due diligence services as well as with valuation support and SPA services on the acquisition of the minority stakes. The investment was in line with the "Grow and Impact" plan of Saint-Gobain S.A.

August 2022

M+R Spedag Group, a family-owned transport and logistics company headquartered in Switzerland has sold Spedag Interfreight as part of the owner’s succession planning. Spedag Interfreight, an international freight forwarding expert covering several countries in East Africa was sold to CEVA Logistics, a subsidiary of one of the world's leading shipping conglomerates CMA CGM S.A. Spedag Interfreight is one of the most competent logistics providers in East Africa with dedicated industry teams possessing leading expertise in relevant market verticals including energy and infrastructure, aid and relief, oil and gas, and commodities. Approximately 400 employees at 24 locations in Kenya, Uganda, Tanzania, Rwanda and South Sudan have joined CEVA as a result of the transaction’s closing. EY provided M&A advisory, financial and tax due diligence services to M+R Spedag Group on the transaction.

August 2022

Infront AS, a financial service provider offering financial market solutions has entered into an agreement for the acquisition of Assetmax AG. Assetmax is a Swiss software for independent asset managers, family offices and banks with integrated multi-custody portfolio management, client relationship management, invoicing and reporting. EY SaT FSO Switzerland supported Infront AS on the acquisition of 100% of Assetmax AG.

January 2022

AddSecure, a leading European secure IoT connectivity solutions provider with a focus on critical communications and safe data, has acquired LOSTnFOUND, a Swiss-based location tracking and fleet management solutions provider. Sweden headquartered AddSecure, currently applies its expertise within secure critical communications and safe data in Smart Alarms, Smart Care, Smart Rescue, Smart Surveillance, Smart Transport, and the emerging technology area Smart Grids. AddSecure is majority-owned by Funds managed by Castik Capital, a European private equity fund.

The Swiss group LOSTnFOUND AG was founded in 2009 and develops and operates telematics and IoT solutions for companies in the logistics and commercial vehicle industry. fleet.tech is a LOSTnFOUND brand and promotes various telematics solutions.

With this move AddSecure enhances its asset management capabilities in Europe and its expertise within telematics and tracking solutions. The company also expands its footprint into Switzerland and Austria, which further strengthens AddSecure’s position as the leading provider of fleet and transport management solutions in Europe.

EY and EY-Parthenon supported AddSecure in this transaction with buy-side financial and customer analysis due diligence services. The EY financial due diligence team was led by Michael Messerli with support from Dario Flückiger, Ramin Nassiri Hosseini and Yannik Büche. EY-Parthenon offered customer analysis services and the team was led by Dr. Dierk Buss with support from Christopher Grüne and Kenneth K. Lehrmann.

January 2022

Specialty-chemical company Clariant has sold its Pigments business to a consortium of Heubach Group and SK Capital Partners, the former being one of the first-ever manufacturers of pigments with more than 200 years of experience and the latter being a private investment firm with a disciplined focus on the specialty materials, chemicals and pharmaceuticals sectors. Clariant has reinvested to become a 20% shareholder alongside Heubach and SK Capital. The combined business will be a global pigments player with approximately 3,000 employees generating more than EUR 900 million in annual sales and strong service and production capabilities across the globe.

An EY multi-disciplinary team comprising strategy and transaction professionals in competencies from financial, operational, tax, HR, IT and treasury advised Clariant from the early preparation stages of the transaction through closing and beyond. This team worked alongside the Clariant M&A team, the Clariant senior management and the entire Clariant organization to design a bespoke target operating model, to write a robust vendor due diligence report as well as a tax due diligence. Additionally, EY supported on the planning and execution of the separation and divestment process on project management, workstream and country level, including the transfer of all affected employees, pension and benefit plans. Further, EY supported on the planning and installment of a standalone treasury solution for the Pigments business. EY supported the deal team during the negotiation process, providing advice with respect to the SPA, the reinvestment agreement and other transaction documents.

To facilitate the divestment process, EY not only supported Clariant with pro-forma deal financials, but also with the preparation of the IFRS compliant combined financial statements of the Pigments business subsequently audited by Clariant’s independent auditor.

The deal team was led by Steven French, Daniel Riegler, Frederik Schmachtenberg, Tobias Ranker, Dr. Georg Lutz and Karl Wirth, supported by Dario Christen, Constantin Rauhut, Frank Muggli, Kateryna Tereshchenko and Matthias Haller. Treasury was led by Andrea Pohl.

January 2022

EY advised Arxada, a leading global specialty chemicals business, on the acquisition of Enviro Tech Chemical Services, Inc. (Enviro Tech), a category-leading manufacturer of proprietary and high-efficacy antimicrobial and biocidal products offering innovative bromine technologies, peroxyacetic acid formulations and solutions to keep food and water safe and environment clean.

Arxada, formerly part of Lonza Group, is a global specialty chemicals business, offering Microbial Control Solutions (‘MCS’) to six target applications including hygiene, home and personal care, paints and coatings, crop protection, material protection and wood protection. It also offers Specialty Products Solutions (‘SPS’) within its three divisions including performance intermediates and chemicals, composite materials and the custom development and manufacturing organization. Arxada is owned by Bain Capital Private Equity and Cinven, and has a global footprint spanning 32 countries across five continents.

The acquisition aims to strengthen Arxada’s position in microbial control industry through the addition of new applications and active ingredients to its portfolio, expanding presence into food and beverage market. With the takeover, Arxada seeks to create a new, complementary business line in its MCS business, with a focus on peracetic acid (‘PAA’), bromines and specialty products for the food and beverage, agriculture and wastewater treatment segments. Additionally, Arxada intend to benefit from Enviro Tech’s leadership in innovation, strong focus on specialty formulations, unique and highly effective solutions and enhance its manufacturing footprint in strategic locations in the US.

EY supported Arxada in this transaction with comprehensive multidisciplinary advice including tax due diligence, tax structuring and funds management support.

The project was carried out by an international team of EY professionals:

The German team consisted of Susanne Dangir, Michael Vogel, Lars Goldhammer, Marina Köpke, Annemarie Nürnberger, Joshua Ruland, Thanh Son Nghiem, Eric Hoppe and Laura Maria Ordemann.

The US team consisted of Michael J Jacoby, Ezra Pinsky, Jacob Blank, Lars Goldhammer and Pat H Vining.

The Luxembourg team consisted of Floris Gordebeke and Adriana Boixados prio.

The Switzerland team included Martin Baumgartner, Michael Bertschinger, Kilian Bürgi, Andrea Jost and Jana-Sophie Bantle.

The UK team was represented by Tim Goodman, Kenny Brodie and Auke de Jong.

January 2022

EY advised Arxada, a leading global specialty chemicals business, on the merger with Troy Corporation, the US-based specialty materials manufacturer, leading globally in the field of industrial preservation with broad expertise in paints and coatings, wood protection and preservation, home and personal care, plastics and textiles, energy and metal working fluids.

Arxada, formerly part of Lonza Group, is a global specialty chemicals business, offering Microbial Control Solutions (‘MCS’) to six target applications including hygiene, home and personal care, paints and coatings, crop protection, material protection and wood protection. It also offers Specialty Products Solutions (‘SPS’) within its three divisions including performance intermediates and chemicals, composite materials and the custom development and manufacturing organization. Arxada is owned by Bain Capital Private Equity and Cinven, and has a global footprint spanning 32 countries across five continents.

The transaction aims to strengthen Arxada’s position in microbial control through the addition of new applications and active ingredients to its portfolio. With the merger, Arxada seeks to benefit from Troy’s technical expertise, trusted customer relationships and broad portfolio of performance products, along with its commercial presence across the globe to further accelerate Arxada’s innovation capabilities and better serve customer needs.

EY supported Arxada in this transaction with comprehensive multidisciplinary advice including tax due diligence, tax structuring and funds management support. The project was carried out by an international team of EY professionals:

The German team consisted of Susanne Dangir, Michael Vogel, Lars Goldhammer, Marina Köpke, Annemarie Nürnberger, Joshua Ruland, Thanh Son Nghiem, Eric Hoppe and Laura Maria Ordemann.

The US team consisted of Michael J Jacoby, Ezra Pinsky, Jacob Blank, Lars Goldhammer and Henry Neading.

The Luxembourg team consisted of Floris Gordebeke and Adriana Boixados prio.

The Switzerland team included Martin Baumgartner, Michael Bertschinger, Kilian Bürgi,Andrea Jost and Jana-Sophie Bantle.

The UK team was represented by Joe P Grehan, Tim Goodman, Kenny Brodie, Auke de Jong, Joey Kwok and Jahangir Rashid.

The Netherlands team consisted of Anne Mieke Holland, Noor Blauw and Jeanine Bootsma.

The Thailand team was represented by Pariyanuch Ngamcherdtrakul, Nilrat Kamolsiriwat, Kasem Kiatsayrikul and Pongpat Kitsanayothin.

October 2021

Private-equity firm Partners Group has agreed to acquire a significant minority stake in Breitling from CVC Capital Partners and management. Breitling is one of the leading Swiss watchmakers with a unique heritage in the industry as the inventor of the modern wrist chronograph.

Partners Group will support Breitling in continuing its growth by growing direct-to-consumer sales channels, expanding Breitling's own retail network, particularly in Asia and the US, and continuing to improve operational efficiency.

EY supported Partners Group in this transaction with comprehensive and multidisciplinary advice. The financial due diligence team was led by Simon Sterchi while Conradin Mosimann covered the tax due diligence.

October 2021

doctari GmbH ("doctari"), a portfolio company of Vitruvian Partners, has acquired lichtfeld gmbh, Viantro GmbH and Planerio GmbH. With these takeovers, the doctari group continues to establish itself as a digital healthcare tech company.

doctari is a service provider in the healthcare sector that places doctors and nursing staff at clinics. lichtfeld gmbh is also active in this area and expands the doctari group's personnel pool to a total of 60,000 doctors and nurses. The focus of Viantro GmbH, on the other hand, is on AI-based career planning, permanent employment and further training of doctors. Planerio GmbH offers digital solutions for personnel management in hospitals, with which duty rosters, payroll and time recording can be automated.

The acquired companies complement and expand doctaris' service portfolio and help to optimize recruitment and planning in the healthcare sector. The group's central service is a digital platform that helps institutions in the German healthcare system to counter the shortage of skilled workers and at the same time enables doctors and nurses to shape their work individually.

The doctari management (Torsten Blaschke, Sang-Woo Pai, Silke Oltrogge) placed the highest priority on the successful implementation of the transactions. EY has supported them with comprehensive multidisciplinary advice in the areas of financial and tax due diligence as well as financial modeling. The early involvement of experienced integration consultants was essential for doctari in order to successfully connect all companies into a new powerful group.

The team was led by Alexandra Pitsch for financial due diligence with the support of Korbinian Müller and Steven Wender. The tax due diligence was led by Dr. Christoph Imschweiler with the support of Martin Sattler. The Financial Modeling was led by Sebastian Schmidt with the support of Sascha Lohfink and Lars Vajen.

October 2021

The Swedish Sandvik Group has acquired the Accuratech Group. The parties have agreed not to disclose the purchase price.

The Swiss-based Accuratech Group employs a total of around 50 people. The group of companies manufactures high-quality medical wires and other microcomponents for special applications. In addition, electroplating technologies are also offered for demanding applications in various industrial sectors (e.g. for the medical or automotive sector).

The Sandvik Group is a global engineering group with 37,000 employees. With this acquisition, the Sandvik Group aims to expand its medical offering and better serve its customers through Accuratech Group's geographic presence.

EY supported the Sandvik Group in this transaction with comprehensive multidisciplinary advice. The financial due diligence was led by Simon Sterchi with the support of Luise Kremer and Thi Nguyet Thu Nguyen. Conradin Mosimann was responsible for the tax due diligence and was supported by Matthias Haller, Marc Vogelsang and Axel Catillaz.

July 2021

Partners Group has acquired Pharmathen, a leading pharmaceutical company in Europe, from BC Partners. Founded in Greece, the company specializes in the contract development and production of complex generic preparations.

EY provided Partners Group with comprehensive and multidisciplinary advice on this transaction. The financial due diligence was led by Simon Sterchi and Natalie Mackscheidt. Conradin Mosimann, Andrew Black and Ben Hewitt advised Partners Group on tax aspects. The IT due diligence was carried out by Gareth Griffiths, Amit Bance and Malcolm Cooper.

July 2021

Private equity investors Bain Capital and Cinven have successfully completed the acquisition of shares in the business of Lonza Specialty Ingredients ("LSI") as of July 1, 2021.

LSI manufactures functional ingredients that control the microbiome in hygiene and personal care products. In addition, the company develops and produces specialty chemicals and composites that are used in the areas of wood preservatives, material protection, paints and coatings, and crop protection. LSI has 17 production sites and 11 research centers worldwide and employs around 2,800 people.

With the sale of LSI, Lonza intends to focus on the healthcare sector and pursue its strategic goals in this area in a focused manner. The investor consortium plans to further strengthen LSI's market position and accelerate growth.

EY provided Cinven and Bain Capital with comprehensive multidisciplinary advice on this transaction. An international transaction tax team from Germany, Switzerland, the USA, Great Britain, Luxembourg, China and several other jurisdictions provided tax due diligence and structuring services as well as various consulting services in connection with the closing of the transaction. The tax team was led by Susanne Dangir and Michael Vogel. Financial DD services were provided by a team led by Paddy Moser, EY UK.

July 2021

Storskogen and Artum, industrial investment companies based in Sweden and Switzerland respectively, will operate together in the DACH region in the future. Both companies pursue the strategy of long-term investments in small and medium-sized companies in German-speaking Switzerland and Germany.

Artum AG was founded in 2011 by Roger Kollbrunner and Thomas Werner. The management team now comprises nine people, all of whom will become part of the Storskogen team in the future. Artum's portfolio currently comprises 15 companies with 490 employees and generated sales of 179 million Swiss francs in 2020.

Storskogen is a private company that aims to acquire and manage stable, market-leading companies in the service, industrial and commercial sectors. The Storskogen Group, headquartered in Stockholm, currently comprises 67 business units with a total of 4,000 employees. The divestment of its companies is not part of Storskogen's strategy.

EY supported Storskogen in this transaction with financial, tax and pension due diligence services. The financial team was led by Simon Sterchi, supported by Dario Flückiger and Ivano Flueckiger. Conradin Mosimann led the tax team with the support of Michael Bertschinger, while Martin Kuhn and Marina Hess were responsible for the pension due diligence.

April 2021

ISS Group, a global facility management company, is selling its Swiss subsidiary ISS Kanal Services AG to KLAR Partners. The sale process is expected to be completed in the second quarter of 2021.

ISS Kanal Services AG employs around 280 people and generated sales of around 50 million Swiss francs in 2020. Thanks to new technology-driven innovations and a state-of-the-art fleet infrastructure, ISS Kanal Services AG has been able to establish a leading market position in Switzerland in the field of infrastructure in recent years.

The sale implements the strategic decision of the ISS Group to concentrate on the core business of integrated facility services and major customers.

EY supported ISS in this transaction with Sell-Side Financial Due Diligence Services. The team was led by Søren P. Krejler and Simon Sterchi, supported by Steffen Elmhauge, Max Lanz and Daniel Zeder.

March 2021

Bridgepoint acquires Infinigate Holding AG, a distributor of cybersecurity products, from H.I.G. Capital.

Based in Switzerland, Inifigate offers state-of-the-art security solutions for securing and protecting data, servers, networks and the cloud. With around 500 employees in 11 European countries and a partner network that includes more than 10,000 partners. Infinigate creates added value in distribution with dedicated services in the areas of technology, marketing, sales and professional services for both its partners and manufacturers.

Bridgepoint is an international investment group focused on medium-sized companies, particularly in Europe.

EY supported Bridgepoint in this transaction with comprehensive and multidisciplinary advice (financial, tax, ESG and IT due diligence). The teams were led by Johannes Stroumbos, Urs Indermühle, Karl-Christopher Erkrath, Carsten Kuhlmann, Sandra Zahn and Robert Seiter, supported by Simon Gaudenzi, Federica Milesi, Dipankar Debnath, Anna Koch, Daniel Schmidt, Daniela Pfeifer and Mark Veser.

March 2021

Partners Group, a leading global private markets company acting on behalf of its clients, is acquiring one of the largest Baltic district heating platforms from Finnish energy company Fortum Corporation.

The district heating platform comprises 74 generation plants in Estonia, Latvia and Lithuania. A large part of the fuel comes from renewable or recycled sources such as biomass.

Partners Group is committed to achieving a positive impact on stakeholder groups through active share management and corporate development. Partners Group intends to work closely with management to develop the company into an independent, customer-focused provider of residential and industrial energy solutions.

EY provided Partners Group with comprehensive and multidisciplinary advice on this transaction. The team was led by Simon Sterchi, Conradin Mosimann, Stephan Seiffert and Guntars Krols, supported by Verena Pütz and Marija Sapovalova.

March 2021

The Swiss Franke Group has agreed to sell its water systems division to funds advised by Equistone Partners Europe. The transaction comprises the business units "Water Systems Commercial Group" and "KWC Group" and is subject to regulatory approvals.

The Water Systems Commercial Group offers intelligent sanitary equipment for commercial customers, while the KWC Group manufactures exclusive fittings for the private customer segment. In addition to Switzerland, the Water Systems division has production and sales facilities in other European countries, great Britain, the United Arab Emirates and China.

Equistone Partners Europe is a long-term equity investor and works closely with the management of its portfolio companies.

EY supported the Franke Group in this transaction with comprehensive and multidisciplinary advice (sell-side factbook with the areas of financial, scoping and carve-out, pension and tax). The team was led by Michael Messerli, Martin Baumgartner and Robert Kendzia with the support of Luise Kremer, Nadine Kammerer and other team members.

February 2021

Partners Group, a leading global private markets firm acting on behalf of its clients, is acquiring Parmaco Oy from a consortium of private equity firms.

The Finnish company Parmaco designs, builds and rents out buildings that are ready for use as schools and day-care centres in Finland and Sweden. Parmaco also takes care of the maintenance of its buildings. Almost all buildings are rented to tenants from the public sector.

Partners Group is committed to achieving a positive impact on stakeholder groups through active share management and corporate development. Partners Group intends to work closely with Parmaco's management to develop the company into a leading provider of modular buildings in the Nordic region.

EY provided Partners Group with comprehensive and multidisciplinary advice on this transaction. The team was led by Simon Sterchi, Hannes Schobinger and Aurimas Racas, supported by Verena Pütz.

February 2021

Storskogen has acquired a majority stake in PerfectHair.ch, the leading online retailer of professional hair care and beauty products in Switzerland.

Founded in 2008, PerfectHair began selling professional hair care products and later expanded its portfolio to include beauty products. Currently, more than 30,000 articles and 300 brands are offered online. In addition, PerfectHair operates five hair and beauty salons in the Zurich area, where the products are also sold offline.

Storskogen is a private company that aims to acquire and manage stable, market-leading companies in the service, industrial and commercial sectors. Storskogen currently comprises 67 business units with a total of 4,000 employees. The divestment of its companies is not part of Storskogen's strategy.

EY supported Storskogen in this transaction with financial due diligence services. The team was led by Simon Sterchi, supported by Verena Pütz, Philipp Dialer and Martin Nef.

January 2021

The TX Group is investing in digital financial advisor Selma Finance as lead investor in a Series A financing round. Selma Finance is a Swiss-Finnish fintech company with offices in Zurich and Helsinki. It aims to help people build and manage their investments through an easy-to-use web interface. In this way, Selma Finance makes investing easy and financial advice accessible to everyone. Currently, Selma Finance has more than 3,200 paying users in Switzerland. 

The TX Group is a network of digital platforms in Switzerland that provides its users with information, orientation, entertainment and services on a daily basis.

EY supported TX Group in this transaction with red-flag financial and tax due diligence.

October 2021

The Swiss-based Siegfried Group has agreed with Novartis to acquire two pharmaceutical production sites in Spain. The two sites in the province of Barcelona with around 1,000 employees are focused on the production of sterile eye remedies (location: El Masnou), oral solid dosage forms and capsules for inhalers (location: Barberà del Vallès).

The Siegfried Group already has locations in Switzerland, the USA, Malta, China, Germany and France. With this acquisition, Siegfried will be able to significantly expand the capacity and technological capabilities of its existing production network. The transaction is subject to regulatory approval and is expected to close by the end of 2020.     

EY supported the Siegfried Group in this transaction with comprehensive, multidisciplinary advice and a multinational team consisting of Stefan Rösch and Verena Pütz (Financial Due Diligence), Raphael Maccagnan, Frederik Drescher and Daniela Pfeifer (Operational Due Diligence, IT Due Diligence, HR/Pension Due Diligence) and Kersten Honold (Tax Due Diligence and Structuring).