M&A Deal Summary

Swiss Life Acquires Condecta

On August 8, 2024, Swiss Life acquired business services company Condecta from Paragon Partners

Acquisition Highlights
  • This is Swiss Life’s 2nd transaction in the Business Services sector.
  • This is Swiss Life’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2024-08-08
Target Condecta
Sector Business Services
Buyer(s) Swiss Life
Sellers(s) Paragon Partners
Deal Type Add-on Acquisition

Target

Condecta

Winterthur, Switzerland
Condecta is a sales and rental provider of modular space systems, cranes/construction equipment, and event infrastructure. Condecta was founded in 1959 and is based in Winterthur, Switzerland.

Search 200,291 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Swiss Life

Zurich, Switzerland
Category Company
Founded 1857
Sector Insurance
Employees9,134
Revenue 17.9B CHF (2023)
DESCRIPTION
Swiss Life office in Zurich, Switzerland.
Swiss Life office in Zurich, Switzerland.

Swiss Life is a Western European financial solutions and insurance provider. In its core markets of Switzerland, France and Germany, Swiss Life offers individuals and corporations comprehensive and individual advice plus a broad range of own and partner products through its sales force and distribution partners such as brokers and banks. Swiss Life was founded in 1857 and is based in Zurich, Switzerland.

DEAL STATS #
Overall 3 of 3
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Switzerland) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-15 Brussels Airport

Brussels, Belgium

Brussels Airport manages the Brussels airport, a European airport handling 25.7 million passengers and 732,000 tonnes of freight annually. Brussels Airport links the European capital with 248 destinations worldwide and is served by 80 different airlines. Brussels Airport is based in Brussels, Belgium.

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 25 of 25
Sector (Business Services) 5 of 5
Type (Add-on Acquisition) 13 of 13
Country (Switzerland) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-08 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 -
Mergr

Product

Company

Legal