DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA
/ Key word(s): Takeover
AURELIUS Equity Opportunities acquires ZIM Flugsitz GmbH
- German "Mittelstand" manufacturer of economy and premium economy aircraft seats with good position in a growing market
- Fourth mid-market acquisition by AURELIUS in 2019
Munich, December 16, 2019 - AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) will acquire a majority interest in ZIM Flugsitz GmbH, based in Markdorf on Lake Constance, from its founders, the Zimmermann family. ZIM Flugsitz is an established supplier of high-quality aircraft seats for commercial passenger aircraft. With a total of about 210 employees at its headquarters in Markdorf and its production facility in Schwerin, the company generates annual revenues of around EUR 55 million. The transaction is expected to close in January 2020.
Founded in 2008 by the engineers Peter and Angelika Zimmerman, who will continue to hold shares and manage the company after the acquisition, ZIM Flugsitz has steadily grown over the years. The company is well positioned to benefit from the growing long-term market trend with an industry-wide recognized engineering department and an innovative, high quality product portfolio primarily in economy and premium economy class. The company's customers include numerous international airlines such as Lufthansa, Singapore Airlines, Japan Airlines and ANA.
"Since our foundation, we have managed to grow significantly as a family-owned company and have successfully mastered the entry into the line-fit segment and the premium economy class. Now it is time to align our financing structure and organization to the demands of future growth, and we are pleased to have AURELIUS as an experienced investor on board who will help us with these tasks," said Angelika Zimmermann, President of ZIM Flugsitz.
AURELIUS will provide financial and operational support. Next to an optimized financing structure, operational improvements will facilitate continued growth, building on a strong portfolio of excellent products and ongoing developments for future products.
"The transaction proves that the value proposition of our vast operational resources is also appreciated by Germany "Mittelstand" companies. We are looking forward to developing the company together with the Zimmermanns and raising it to the next level," said AURELIUS CEO Dr. Dirk Markus.
AURELIUS was advised on the transaction by Seabury Capital (M&A), Ebner Stolz (financial due diligence) and Oppenhoff & Partner (tax due diligence).
AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, ticker symbol: AR4) is the listed entity within AURELIUS Group that focuses on investing in mid-market corporate carve-outs and platform build-ups in a broad range of industries. With a team of more than 80 in-house operations experts, AURELIUS actively supports its portfolio companies in their long-term development. AURELIUS Equity Opportunities currently has 22 portfolio companies located across Europe which employ around 13,000 people and generate annual revenues of approx. EUR 3.5 billion. The shares of AURELIUS Equity Opportunities are traded on all German stock exchanges. The company's market capitalization is approx. EUR 1.1 billion (as of December 2019).
AURELIUS Group also operates in the areas of growth capital, real estate opportunities and debt. AURELIUS Growth Capital invests in leveraged buyouts usually in succession or corporate spin-off situations. AURELIUS Real Estate Opportunities focuses on real estate investments, particularly development projects the value of which can be increased in the long-term by means of active management. AURELIUS Finance Company is an alternative direct lender, focused on providing flexible debt solutions to small and mid-market firms across Europe.
With its group charity AURELIUS Refugee Initiative e.V., AURELIUS provides comprehensive support for refugees on their way towards a better life.
16.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||AURELIUS Equity Opportunities SE & Co. KGaA|
|Phone:||+49 (0)89 544 799-0|
|Fax:||+49 (0)89 544 799-55|
|Listed:||Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange|
|EQS News ID:||936561|
|End of News||DGAP News Service|