Gess Group is a personnel services company specializing in the placement of highly qualified employees. In September 2010 capiton acquired a majority stake in Gess. During the holding period the Group continued to grow and expanded its product portfolio by acquiring the two companies, Best Job IT and Graeber & Partner. In 2016 the Group generated sales of c. EUR 72m and currently employs approximately 1,850 employees.
About the transaction
With the transaction that has now been signed, capiton is selling its shareholding in the Gess Group to JR Holding AG, based in Ingolstadt, Germany. The JR Group was founded in 2009 and currently is a portfolio company of AUCTUS. The transaction is still subject to the approval of the antitrust authorities. The parties have also agreed not to disclose further details of the transaction.
capiton is an independent, partnerowned private equity company with funds of € 1.1 billion under management. At present, capiton’s portfolio consists of 10 medium-sized companies. In its capacity as provider of equity finance, capiton supports management buy-outs and supplies growth financing to established, medium-sized companies.
About the company
Raith is a leading global developer and manufacturer of nanofabrication systems and software used for printing and scanning nanostructures. Since 1980 Raith has been developing, manufacturing and distributing system solutions for R&D applications to analyze and develop microchip circuits and other nanostructures, for instance in the fields of biochemistry or cybersecurity. The company caters to a global customer base of leading universities, research labs and blue-chip technology companies. Raith has two production sites in Germany and the Netherlands, as well as three distribution units in the US, China and India. In addition, Raith’s regional sales managers are supported by local sales partners across 15 countries. Raith employs around 200 people worldwide, of which 120 are based at its headquarters in Dortmund, and generated sales of € 54 million in 2015.
capiton acquires Raith from the equity capital partner HANNOVER Finanz, who supported the company’s growth since 2002, and will become the majority shareholder of Raith. Financing of the transaction is provided by capiton’s current investment vehicle, capiton V, and banks. capiton is planning to grow the business organically both via international and product expansion, leveraging Raith’s strong market position, as well as through targeted acquisitions, for which additional funds have been reserved in fund capiton V. The transaction remains subject to approval from competition authorities. Buyers and sellers have agreed not to disclose the financial terms of the transaction.
About the company:
ZytoService is a leading pharmaceutical company that produces parenteral infusion solutions which are customised to individual patients’ needs. These solutions are primarily used in oncological treatment. The company operates state-of-the-art cleanroom laboratories at its principal site in Hamburg, where it focuses on the preparation of pharmaceutical products, tailored to individual patients. capiton invested in the company in August 2008 during a round of growth financing. The company has enjoyed significant growth in recent years, both organically and through acquisitions. Sales have more than quadrupled during the period of capiton’s investment.
About the transaction:
As part of this transaction, which has now been signed and which is still subject to regulatory approvals, capiton is selling its shares in Zyto Service to IK Investment Partners. The parties to the transaction have agreed not to disclose financial details of the transaction. capiton was advised by Ferber (M&A), Clifford Chance (Legal) and Deloitte (Financial) with respect to this transaction.
The Schur Flexibles Group, headquartered in Baden, Austria is a European market leader in the flexible packaging industry. The company was created over the past five years by capiton and the CEO and co-owner Jakob A. Mosser, in the context of a buy-and-build concept.
Today, the group consists of twelve companies with eleven production sites in Germany, Finland, Denmark, Holland, Poland, Slovakia and Greece. In 2015, the group generated sales of almost € 370 million and employed more than 1100 staff.
The product portfolio of the company consists of specialized high value added flexible packaging solutions for the food, tobacco and pharmaceutical markets. The company also covers the entire value chain of the packaging industry, from raw material sourcing to extrusion, printing, lamination and converting.
capiton acquired the first company of the group, CFS Dixie GmbH, in December 2011. The nucleus of the group was then purchased in early 2012 with the take-over of the Schur Flexibles Division (four companies) from Schur International (Denmark). Five further businesses were acquired until the end of 2014 to create the Flexibles business that exists today. In 2014 PS Polymer Sourcing, Warburg Germany was founded as an additional separate business unit.
As part of the share sale signed now, the shareholders of Schur Flexibles have sold their shareholdings to Lindsay Goldberg, represented in Europe by Lindsay Goldberg Vogel, and the management team. The new owners intend to continue the successful buy and build concept through the acquisition of further target companies, some of which have already been identified.
POLI-TAPE is a globally leading, innovative manufacturer of premium textile transfer foils and foils for plotting, lamination and digital printing. POLI-TAPE Klebefolien GmbH in Remagen and its subsidiaries in the USA and Italy are part of the POLI-TAPE Group.
The company has enjoyed constant growth over recent years. Following extensive investment, primarily in production, turnover has been increased by more than 50% during capiton’s period of involvement.
capiton acquired a minority interest in the POLI-TAPE Group in March 2011.
With the transaction now been signed, capiton is selling its shareholding in the POLI-TAPE Group to Bitburger Holding. The transaction is still subject to the approval of the antitrust authorities. The parties have also agreed not to disclose further details of the transaction.