A cross border team of lawyers from leading global law firm Baker McKenzie advised independent Swiss alternative asset management company Patrimonium on its sale of CCS Group to GPV. The transaction is expected to close before the end of 2018.
Once completed, two firms will form one of the largest EMS companies in Europe with revenues of around EUR 350 million and 3,700 employees, and production facilities in Asia, Europe and the Americas.
GPV was founded in 1961 and is now Denmark’s largest electronics manufacturer. CCS Group and GPV have both successfully served the HMLV (High-Mix/Low-Volume) segment of the EMS market, and they both provide electronics sub-assembly solutions and finished products (box-build) to their customers in high-mix and low-volume series. CCS also add that demand for this type of electronics supplier is growing.
Patrimonium is an independent Swiss alternative asset management company active in real estate, private debt and private equity investments and infrastructure. In the field of private equity, by funds advised by Patrimonium Private Equity Advisors AG, Patrimonium invests in and supports mid-sized companies located in the DACH region to enable them to increase their market position, in parallel to investing into product and market development, through acquisitions and digitalisation.
Werner Schnorf, Managing Director of Patrimonium Private Equity, said: "It has been an exciting challenge to oversee the development of the CCS Group over the past seven years and take the company to a new dimension. As part of our buy-and-build strategy, we have developed the company
into a well-positioned European EMS outsourcing partner with financial support and industrial know-how. We gladly pass on our participation to a committed partner who supports the group in its further development."
The Baker McKenzie team advising Patrimonium was led by Alexander Fischer. He was assisted by Boris Wenger, Christian Rioult, Matthias Trautmann (Zurich); Dieter Buchberger, Christoph Harringer, Stefan Arnold (Vienna); Michael Bartosch, Tino Marz (Munich) and Harald von Kooten (PRC).