Transaction Details

December 6, 2018
Frankfurt

Sector

Industrials and Industrial Technology

Deal Type

Debt advisory

Deal Value

N/D

Deal Team

Norbert Schmitz, Johannes Schmittat, Adrian Nowitzki, Janik Bold, Mindaugas Yla

GCA Altium advises Quadriga Capital on an acquisition financing for the formation of a leading automation platform

GCA Altium advises Quadriga Capital on an acquisition financing for the formation of a leading automation platform
GCA Altium has advised Quadriga Capital on an acquisition financing to support the creation of a leading platform for industrial automation, automated material handling and intralogistics which will be active in Germany and neighbouring countries. Quadriga Capital is creating the platform in partnership with the founders and shareholders of VESCON GmbH, Frankenthal, and Schiller Automatisierungstechnik GmbH, Osterhofen.

Both VESCON and Schiller Automatisierungstechnik serve a diverse range of international blue-chip customers and are leading automation specialists with a particular focus on automobile chassis assembly, lighting and actuator technology as well as automated material handling and intralogistics solutions. The new platform aims to leverage its strong market position to meet the increasing demands of the industrial and automotive sectors with long-term approved and high-quality concepts along with newly-developed innovations.

GCA Altium structured a tailored financing intended to further strengthen the position of the recently formed automation platform. Norbert Schmitz, Managing Director at GCA Altium, said: “The nature of the business required a complex financing structure, including guarantees, which combined several lenders and debt instruments under one documentation. The financing will support the future growth of the platform by offering the necessary flexibility for complementary add-on acquisitions.”

Jörg Mugrauer, Partner at Quadriga Capital, added: “In partnership with the shareholders of VESCON and Schiller and the CEO Michael Goepfarth we plan to accelerate the growth of the automation platform both organically and through further complementary acquisitions in its home markets as well as internationally.”

The transaction is subject to customary regulatory approvals.
Financial terms of the transaction are not disclosed.

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