Successful Transactions with PwC

17/01/2018

PwC Corporate Finance advises the shareholders of Addedo on the sale of the company to Talentia Software Group, a portfolio company of Argos Soditic, a Swiss-based private equity investor.

Zurich | PwC Corporate Finance acted as sole financial advisor to the shareholders of Addedo throughout the entire transaction process. The transaction has closed on December 20, 2017.

Founded in 2007 as a spin-off from Frango consulting services, Addedo has demonstrated an impressive growth and evolved to Switzerland’s leading distributor of and consultant for IBM Cognos Corporate Performance Management (CPM) software. More recently, Addedo has begun to access new markets by founding subsidiaries in Germany and Canada. In an attempt to promote further growth and tackle untapped markets, the shareholders of Addedo have explored the possibility to sell a major stake to a strategic partner.

With more than 3,600 customers in over 30 countries, Talentia Software is a market-leading European software provider of Finance software (Accounting, Financial Performance) and HR software (Payroll, Human Capital Management).

Viviane Chaine-Ribeiro, President of Talentia Software: “This acquisition is a new critical step in our external growth strategy. It will further reinforce our market lead on the fast growing CPM market and accelerate our growth in countries such as Switzerland and Germany. It will also enable us to set foot in North America where Addedo recently opened an office.”

Michael Kempter, President of Addedo: “We are pleased to join Talentia Software and merge our skills and capability. We share common values, including the commitment to delivering the highest quality of service to our clients.”

 

The PwC team

M&A Lead Advisory:

Dr. Martin Frey, Partner

Dr. Andreas Plattner, Director

Matthias Büeler, Senior Manager

Nikola Gozze, Senior Consultant

 

Successful Transactions with PwC

08/01/2018

PwC Corporate Finance advises Swiss private equity firm Cross on the sale of spirella to Menage Selection Valnet S.A.S. (MSV).

Pfäffikon | The Swiss private equity house Cross and MSV have signed a share purchase agreement to hand over spirella to MSV. Closing of the transaction is anticipated for mid of January 2018.

spirella, headquartered in Embrach, Switzerland is a leading Swiss provider of high-quality bathroom accessories, with two subsidiaries in France and Germany, as well as global export and distribution capabilities. The Company’s products are sold in over 60 countries and enjoy a high degree of brand awareness. Cross acquired the Company in June 2010, as part of a Management Buyout.

spirella’s new owner is MSV, a family-owned, French enterprise headquartered in Rivesaltes, France. The Company, being managed in the second generation by the Sobraques family, offers quality-oriented home solutions for the bathroom, kitchen and general household. MSV has locations in Spain, Germany, Croatia, Belgium, Serbia and Italy, as well as a distribution network spanning over 30 countries.

The PwC team

Martin Frey
Partner, Corporate Finance/ M&A

Andreas Plattner
Director, Corporate Finance/ M&A

Andreas Schmuckli
Manager, Corporate Finance/ M&A

Jasmin Jäger
Consultant, Corporate Finance/ M&A

Dominique Schwarzen
Consultant, Corporate Finance/ M&A

Successful Transactions with PwC

31/10/2017

PwC Corporate Finance advises Schweizerische Depeschenagentur AG (“SDA”) on the merger with Keystone AG (“Keystone”) to form KEYSTONE-SDA.

Zurich | A PwC team comprising of various lines of services advised SDA and its shareholders throughout the whole transaction process. The merger will take the form of a shareholding exchange where Austria Presse Agentur APA (“APA”) will contribute its 50% stake in Keystone to the new company in return for 30% of the shares in KEYSTONE-SDA. The transaction is expected to close in the second quarter of 2018 with retroactive effect as of January 1, 2018 after relevant approvals of the competition authorities have been obtained.

Founded in 1894, SDA is the national news agency in Switzerland in the ownership of Swiss media companies. Since its establishment, SDA provides the Swiss media companies with the basic supply of local and international news in the form of a comprehensive round-the-clock independent news services on topics such as politics, business, or culture, among others.

Founded in 1953 as Swiss subsidiary of the US-based KEYSTONE View Company, Keystone AG is the leading independent picture agency in Switzerland with SDA and APA as sole shareholders in equal proportions.

APA is Austria’s national news agency and leading information service provider owned by twelve Austrian newspapers and ORF (Austrian Television).

With the merger of SDA and Keystone, the newly formed company is able to offer high-quality multimedia information products consisting of texts, images, infographics and videos to its customers from one single source.

    

The PwC team

M&A Lead Advisory: Martin Frey (Partner), Matthias Büeler (Senior Manager), and Andreas Müller (Senior Consultant)

Organisational Strategy & Design: Steffen Lange (Senior Manager), Oliver Sill (Manager), and Angela Zeller (Consultant)

IT Due Diligence: Jens Weber (Partner), Lars Schwarze (Senior Manager), and Nicolai Götz (Senior Consultant)

Real Estate Valuation: Julia Taschner (Senior Manager) and Francesca Barbera (Senior Consultant)

Press Release:

“SDA and Keystone merge to form a multimedia media company”

Successful Transactions with PwC

04/08/2017

PwC Corporate Finance advises Lonza on the acquisition of Micro-Macinazione


Geneva | A team of PwC Switzerland led by Martin Frey, Partner Corporate Finance/M&A, acted as lead advisor to Lonza Group AG (“Lonza”), a Swiss leading supplier to the pharmaceutical, biotech and specialty ingredients markets. Founded in 1897 in the Swiss Alps, Lonza today is a well-respected global company with more than 50 major manufacturing and R&D facilities and nearly 14,000 full-time employees worldwide.

With over 45 years of experience, Micro-Macinazione S.A. is a leading provider of micronization services and equipment for the Pharmaceutical & Fine Chemical industry. The company was acquired in 2012 by Cross Equity Partners, a Swiss Private Equity fund active in the development of mid-sized companies in Switzerland, Germany and Austria.

Acquiring Micro-Macinazione was strategic for Lonza as it provides micronization technology and expertise that complements its existing US capabilities and provides additional capacity to support its growth.
Thanks to its close relationships with both Cross Equity and Lonza, PwC Corporate Finance team was able to bring both parties together in the negotiation and ensure a smooth and quick deal execution.

The team

Martin Frey
Partner, Corporate Finance/M&A

Maxime Dubouloz
Director, Corporate Finance/M&A

Steve El-Osta
Manager, Corporate Finance/M&A

Labinot Brahimi
Consultant, Corporate Finance/M&A

PwC Corporate Finance advises Le Temps Manufactures on Successful Transaction

14/06/2017

PwC Corporate Finance advises Le Temps Manufactures on the sale of the Group and its subsidiaries to Helarb, a private equity fund

Geneva | A team of PwC Switzerland led by Martin Frey, Partner Corporate Finance/M&A, acted as lead advisor to Le Temps Manufactures (“LTM”), a Swiss group specialized in the development and manufacture of complex watch components, movements and watches in small series entirely Swiss made. The constant focus of LTM in terms of innovation, quality and reliability enabled the Group to develop over the years a loyal client base, composed of the most well-known watch brands on the market.

Helarb is a Swiss based private equity fund with an investment focus on small and medium sized industrial businesses in Switzerland, France and Germany.

The acquisition of LTM was strategic for Helarb as it enables the fund to strengthen its position in the watchmaking industry and enlarge its service portfolio in this sector.

The team

Martin Frey
Partner, Corporate Finance/M&A

Maxime Dubouloz
Senior Manager, Corporate Finance/M&A

Steve El-Osta
Manager, Corporate Finance/M&A

Labinot Brahimi
Consultant, Corporate Finance/M&A