M&A Deal Summary

Zurmont Madison Management AG and Montagu Acquire Schaffner Holding AG

On January 1, 1996, private equity firms Zurmont Madison Management AG and Montagu acquired electrical equipment company Schaffner Holding AG for 88M GBP

Acquisition Highlights
  • This is Zurmont Madison Management AG’s 1st and Montagu’s 1st transaction in the Electrical Equipment sector.
  • This is Zurmont Madison Management AG’s and Montagu’s 23rd largest (disclosed) transaction.
  • This is Zurmont Madison Management AG’s 2nd and Montagu’s 1st transaction in Switzerland.
Investment Fate
  • Schaffner Holding AG went public in 1998.

M&A Deal Summary

Date 1996-01-01
Target Schaffner Holding AG
Sector Electrical Equipment
Buyer(s) Zurmont Madison Management AG
Montagu
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 88M GBP

Target

Schaffner Holding AG

Luterbach, Switzerland
Schaffner was a global market leader in a growing niche of the electro-magnetic compatible ("EMC") market. It manufactured products which guarantee the reliability of electronic equipment, systems or installations which may be subject to electro-magnetic interference.

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Buyer(S) 2

Buyer
DESCRIPTION

Zurmont Madison is a private equity group that seeks a variety of control investments in corporate spin-offs, growth capital financings, and management buyouts/buy-ins. Zurmont is an active investor, assisting portfolio companies with any strategy and operational needs. Prospective companies generally have at least CHF 30 million of sales and are cash-flow positive. Sectors of interest include industrial goods, consumer goods, construction, logistics, and business services. Zurmont will not invest in venture, start-up or high-tech projects. Zurmont Madison was formed in 1987 and is based in Zurich.


DEAL STATS #
Overall 2 of 12
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 10
Country (Switzerland) 2 of 10
Year (1996) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1992-01-01 Origa Group

Switzerland

In 1988, Zurmont led the shareholder's buyout of the Origa Group, a world market leader in pneumatic rodless cylinders. In four years of ownership, sales doubled with profit growing exponentially. This resulted in an above-average return for the shareholders when the company was sold to the Hoerbiger Group in 1992.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Swisslog Holding AG

Buchs, Switzerland

Swisslog is a logistics automation company providing integrated logistics solutions for warehouses, distribution centers, and hospitals. Its comprehensive services portfolio ranges from building complex warehouses and distribution centers to implementing Swisslog's own software to intra-company logistics solutions for hospitals. Swisslog was formed in 1990 and is based in Buchs, Switzerland.

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Buyer

Montagu

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 11.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Montagu is an independent private equity firm focused on European management buyouts and growth capital transactions. The Firm seeks opportunities valued between €100 million and €1 billion. Sectors of interest include healthcare, medical products, financial services, software, IT, information services, and education. Montagu dates back to 1968 and is based in London.


DEAL STATS #
Overall 24 of 115
Sector (Electrical Equipment) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 23 of 59
Country (Switzerland) 1 of 3
Year (1996) 6 of 6
Size (of disclosed) 23 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Greater Manchester Buses

Manchester, United Kingdom

Greater Manchester Buses industry had been transformed over the previous decade as a result of the Government's decision in the mid 1980's to deregulate bus services in the UK.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-08-13 Belfast International Airport

Belfast, United Kingdom

Belfast International Airport operates as an airport in Northern Ireland. The company provides air freight services through passenger aircrafts and freighter services. It also offers platforms for advertising and promotion. The company was formerly known as Aldergrove Airport and changed its name to Belfast International Airport Limited in January, 1983.

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