Munich, October 11th 2021 - FairCap has successfully completed the acquisition of two manufacturing plants from BARTEC Group. The acquired sites formed the "Mining" business division of the BARTEC Group.
The plants in Menden (Sauerland, Asset Deal) and Tychy (Poland, Share Deal) are active in the development, production, trade and servicing of electrical safety switchgear, as well as in machining technology. In the future, both plants will operate independently under the names EXPROTEC GmbH and EXPROTEC Sp.z o.o.. In total, around 80 people are employed at the two sites.
Andreas Scheid, managing director of the EXPROTEC unit in Menden, says: “I firmly believe in the successful future of EXPROTEC as an independent, medium-sized company. The full order book and the strong sales pipeline make me very confident for the years ahead. Together with our highly qualified team in Menden, we want to expand the business with our regular customers, strengthen the service segment and develop new areas of business."
Jacek Kalinowski, future managing director of the EXPROTEC unit in Tychy, adds: “We want to further expand the business with our customers in Poland as well as in neighboring countries and achieve an increasing end market diversification. We look forward to shaping the future successfully and sustainably with the new owner FairCap”.
Jasper Delekat, Managing Partner of FairCap, adds: “This acquisition is another example of our focus on the acquisition of non-core business units that have been separated from corporations and require operational support in transforming them into independent, medium-sized companies. EXPROTEC is a solid company with a first-class customer base and highly motivated employees. We look forward to working with the management to ensure a smooth transition over the next few months and to position the company as an independent business. In line with the FairCap philosophy, we will design and implement a long-term sustainability concept together with the management team."
FairCap GmbH is an entrepreneurial investment company that acquires medium-sized companies in special situations (e.g., carve-out, succession) and transforms them holistically into sustainable, healthy organizations. In contrast to typical private equity funds, FairCap is a long-term holding company ("evergreen structure"), which is therefore not subject to a fund term and can hold investments over the long term. Sustainability is a core element of FairCap’s investment philosophy.
FairCap was advised by: Heuking Lüer Wojtek (Legal) under the lead of Benedikt Raisch; HWS Steuern/Prüfung/Recht (Tax) under the lead of Martin Helmich.