M&A Deal Summary

Invision and NORD Holding Acquire KADI

On December 18, 2018, private equity firms Invision and NORD Holding acquired food company KADI from Paragon Partners

Acquisition Highlights
  • This is Invision’s 1st and NORD Holding’s 2nd transaction in the Food sector.
  • This is Invision’s 16th and NORD Holding’s 2nd transaction in Switzerland.

M&A Deal Summary

Date 2018-12-18
Target KADI
Sector Food
Buyer(s) Invision
NORD Holding
Sellers(s) Paragon Partners
Deal Type Secondary Buyout

Target

KADI

Langenthal, Switzerland
KADI is a manufacturer of refrigerated and frozen products and is based in Langenthal. The company produces around 270 different items, which are used every day in over 10’000 restaurants in Switzerland. KADI was founded in 1951 and is based in Langenthal, Switzerland.

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Buyer(S) 2

Buyer

Invision

Zug, Switzerland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Invision AG is a private equity firm focused on growth capital investments in European companies or companies with opportunities in Europe. Target sectors include information technology, software, electronics, telecommunications, medical devices, healthcare services, financial services, and media. Invision looks to invest between €20 and €100 million in businesses generating €25 and €200 million in sales. Invision was formed in 1996 as the corporate venture capital arm of Metro Holding. Invision is based in Zug, Switzerland.


DEAL STATS #
Overall 49 of 61
Sector (Food) 1 of 1
Type (Secondary Buyout) 3 of 4
Country (Switzerland) 16 of 22
Year (2018) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 Ledlenser

Solingen, Germany

Ledlenser is a designer and manufacturer of highly engineered LED flashlights and headlamps used for professional, sporting, and outdoor applications. Ledlenser was founded in 1994 and is based in Solingen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-04 Vista Alpina

Visp, Switzerland

Vista Alpina is a provider of ophthalmology services in the canton of Valais. The spectrum of services includes eye examinations, conservative treatments, as well as over 4000 surgical procedures a year, including cataract, retinal and eyelid operations as well as surgical correction of vision disorders. Vista Alpina is based in Visp, Switzerland.

Buy -
Buyer

NORD Holding

Hannover, Germany

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1969
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

NORD Holding is a private equity firm focused on investments in Germany, Austria, and Switzerland. NORD targets medium sized businesses dealing with succession issues, needing growth financing, or mezzanine capital. The Firm will consider both majority and minority situations. Sectors of interest include automotive, building materials, construction, consumer goods, finance, logistics, manufacturing, capital equipment, media, IT, optical supplies, life science, printing, service providers, shipbuilding, and trade. NORD Holding was formed in 1969 and is based in Hannover, Germany.


DEAL STATS #
Overall 53 of 66
Sector (Food) 2 of 3
Type (Secondary Buyout) 5 of 8
Country (Switzerland) 2 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-25 WEMAS

Gutersloh, Germany

WEMAS is a manufacturer of products for mobile passive security of construction sites mainly in public road traffic situations. The company supplies both wholesalers as well as roadsafety service providers responsible for the road safety of highway construction sites, infrastructure and construction sites, predominantly in the DACH region and adjacent markets. WEMAS was founded in 1971 and is based in Gutersloh, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 IDAK

Spreitenbach, Switzerland

IDAK is a market-oriented holding company with ownership of independent and established companies in the field of food production. With their products and services, the portfolio companies are all positioned in the premium segment and have a focus on frozen food. IDAK is based in Zug, Switzerland.

Buy -

Seller(S) 1

SELLER

Paragon Partners

Munich, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Paragon Partners is an independent private equity group focused on investments within German speaking Europe (Germany, Austria, Switzerland). The Firm does not have any sector preferences, generally targeting profitable companies (EBIT of €5 to €70 million) with attractive business models and 'outstanding' management. Paragon Partners was formed in 2004 and is based in Munich.


DEAL STATS #
Overall 16 of 25
Sector (Food) 1 of 1
Type (Secondary Buyout) 8 of 8
Country (Switzerland) 2 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-30 APONTIS

Monheim am Rhein, Germany

APONTIS is a supplier of pharmaceuticals for chronically ill patients. Next to co-marketing activities, the company focuses on the development and promotion of single pills and has established itself as a pioneer in this segment. Single pills are a combination of two to three ingredients in one single pill, which has proven to significantly increase adherence and thus patient prognoses compared to the conventional therapy with 2-3 separate pills. APONTIS was founded in 2016 and is based in Monheim, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-05 DUO PLAST

Lauterbach, Germany

DUO PLAST is a manufacturer of high-performance stretch films used for load securing in the freight, agriculture and food packaging industries. Customers receive advice on the optimized use of packaging film in the in-house DUO LAB, the right hardware for processing the film, and film with superior strength and stretchability characteristics. The company serves over 1,600 customers in the beverages & food, agricultural, non-food consumer goods, chemical and pharmaceutical industries – primarily from Austria, France and BeNeLux. DUO PLAST was founded in 1983 and is based in Lauterbach, Germany.

Buy -