Sale of Majority Stake in Baumot AG
Swiss Capital Group advised Baumot AG
Sale of Majority Stake in Baumot AG
Sector(s) : Industry and automotive
Date : September 2009
Advisor(s) : Swiss Capital
Advised : Sell Side
Mid-Capital partner Swiss Capital Group advised Baumot AG
Baumot AG, headquartered in Fehraltorf (Switzerland) develops, manufactures, distributes/installs and services closed diesel particulate filters for on-road and off-road heavy duty vehicles. Due to increasingly stricter diesel emission control regulations and its superior technology, Baumot experienced a dynamic growth over the last couple of years and established subsidiaries in the relevant European diesel particulate filter markets Germany, the Netherlands, UK, Denmark and Austria. In order to further strengthen Baumot’s leading position in Europe as well as expand the business into new, attractive markets (especially the US), the family shareholders decided to partner with US private equity fund Perseus Partners VII LP (“Perseus”). Perseus acquired a majority stake in Baumot by way of capital increase and will support Baumot with its extensive expertise in the clean tech industry and excellent market knowledge. The Fund raised a total of USD 600m in 2006 and is managed by Perseus LLC, a private equity fund management company that has made successful investments for almost 15 years, especially in the sector of renewable energy and environmental technology. In this transaction, Perseus was advised by its German affiliate Perseus Beteiligungsberatung GmbH.
Swiss Capital Group acted as sole financial advisor to the shareholders of Baumot, including preparation of documentation and management presentations, private equity partner selection, due diligence preparation, process management, negotiations with the investor and transaction structuring.