Add-on Acquisition • Safety/Security

Perusa Fund and ATP Private Equity Partners Exits SCHROTH

On July 27, 2022, Loar Group invested in safety/security company SCHROTH from Perusa Fund and ATP Private Equity Partners

Investment Context
  • This is Loar Group’s 1st transaction in the Safety/Security sector.
  • This is Loar Group’s 1st transaction in Germany.

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Investment Summary

Date July 27, 2022
Target SCHROTH
Sector Safety/Security
Investor(s) Loar Group
Sellers(s) Perusa Fund
ATP Private Equity Partners
Deal Type Add-on Acquisition

Target Company

SCHROTH

Arnsberg, Germany
SCHROTH is a manufacturer of safety products for tuning, racing, aviation, and military applications. SCHROTH specializes in technical restraint systems, passenger lap belts for all major commercial aircraft, structural airbags for Airbus and Boeing platforms, and cockpit security components for the Airbus A350 and A380 platforms. SCHROTH was established in 1946 and is based in Arnsberg, Germany.
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Investor Overview 1

Investor

Loar Group

White Plains, New York, United States

Category Company
Sector Aerospace
Employees1,500
Revenue 317M USD (2025)
DESCRIPTION

Loar Group is a diversified aerospace and defense components manufacturer that assembles a global alliance of companies specializing in the design and manufacture of engineered components for the aerospace and defense supply chain. The Company supports original equipment manufacturers (OEMs), Tier One suppliers, and airline operators by coordinating manufacturing, technical design services, and supply chain activities across its portfolio of businesses. Loar Group is based in White Plains, New York.


Deal Context for Investor #
Overall 8 of 10
Sector: Safety/Security 1 of 1
Type: Add-on Acquisition 8 of 10
Country: Germany 1 of 1
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-15 Maverick Molding Co.

Blue Ash, Ohio, United States

Maverick Molding Co. designs and manufactures high temperature-resistant bushings, washers, and thermal insulators with significant content on a number of the next generation aerospace engines, including the LEAP (B737Max and A320 Neo) and the GE9X (B777X) engines. Maverick Molding is based in Blue Ash, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-06 CAV Ice Protection

Consett, United Kingdom

CAV Ice Protection is a provider of ice protection and drag reduction technology to general aviation, commercial aerospace, and defense markets worldwide. CAV Ice Protection was founded in 1942 and is based in Consett, United Kingdom.

Buy -

Seller Profiles 2

SELLER

Perusa Fund

Guernsey, Channel Islands

Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 357M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Perusa Fund is a German private equity firm that invests in small to mid-sized businesses in the EU. Perusa Fund generally looks for businesses facing 'change'. Examples include businesses in need of capital to expand or acquire, management successions, carve outs, or companies facing insolvency. Target companies typically have revenues of €50 to €300 million. Perusa Fund was formed in 2007 and is based in Channel Island.


Deal Context for Seller #
Overall 9 of 9
Sector: Safety/Security 1 of 1
Type: Add-on Acquisition 4 of 4
Country: Germany 5 of 5
Year: 2022 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-24 Mupro

Wiesbaden, Germany

Mupro manufactures and distributes leading fixing technology mainly for the installation of heating, air conditioning, and ventilation equipment in commercial and residential buildings, industrial plants, and aboard ships. Mupro was founded in 1964 and is based in Wiesbaden, Germany.

Sell -
SELLER

ATP Private Equity Partners


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

ATP Private Equity Partners is a Danish institutional investment firm focused on investing in private equity funds across Europe, North America, and select emerging markets. The Firm is supported by ATP, Denmark's largest pension fund. In addition to investing in private equity funds, ATP also looks to for co-investment situations. ATP Private Equity Partners was formed in 2001 and is headquartered in Copenhagen, Denmark.


Deal Context for Seller #
Overall 31 of 35
Sector: Safety/Security 2 of 2
Type: Add-on Acquisition 10 of 13
Country: Germany 3 of 3
Year: 2022 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-24 Mupro

Wiesbaden, Germany

Mupro manufactures and distributes leading fixing technology mainly for the installation of heating, air conditioning, and ventilation equipment in commercial and residential buildings, industrial plants, and aboard ships. Mupro was founded in 1964 and is based in Wiesbaden, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-10 Frontmatec Group

Kolding, Denmark

Frontmatec Group develops world-leading customized solutions for automation in the food industry, other hygiene-sensitive industries, and the utility industry. Frontmatec Group is especially renowned for high-quality systems for the entire value chain of the meat industry from carcass grading, slaughter lines, cutting and deboning lines, hygiene systems, and control systems to logistics and packaging. Frontmatec Group was founded in 2016 and is based in Kolding, Denmark.

Sell -