goetzpartners advised Capvis on the acquisition of a majority stake in Variosystems AG with a Commercial Due Diligence
goetzpartners' Private Equity consulting team supported Capvis with a Commercial Due Diligence in the acquisition of a majority stake in Variosystems AG ("Variosystems" or "the Company"). Variosystems is a leading Swiss company active in the field of engineering and manufacturing services for electronic assemblies.
The particular focus of the Commercial Due Diligence covered a detailed analysis of the Company’s business model and an assessment of the market potential for Electronics Manufacturing Services (EMS) in North America, Europe and Asia, including market size and growth outlook by vertical. The Due Diligence was completed with an analysis of the competitive landscape, the Company’s manufacturing footprint as well as the evaluation of future growth potentials.
Variosystems is an internationally active electronics service company. With headquarters in Steinach (Switzerland) and production facilities in Switzerland, the USA, Sri Lanka and China, the Company produces electronic system solutions primarily for end-markets such as industrial, medical, aviation and automotive-related industry. Variosystems' range of services includes hardware and software engineering, component manufacturing and equipment construction, cable assembly, supply chain management and customer service. The Company focuses on customized solutions for complex tasks in highly specialized areas. The Company generated sales of around CHF 175 million in the past financial year and has a headcount of approx. 1,600 employees. Variosystems is one of the largest providers in Switzerland and among the largest in Europe in its field.
Capvis is one of the leading private equity companies in Europe. Capvis Equity Partners AG, adviser of Capvis Equity V LP with a total commitment of EUR 1.2 bn, focuses on majority holdings in leading mid-sized companies. It aims to support management teams in unleashing entrepreneurial potential and achieving new levels of excellence. Capvis focuses on regional champions in local markets and global niche market leaders in manufacturing technology, engineered products and advanced services. Since 1990, Capvis has completed 55 transactions with a total volume of more than EUR 5 billion. Capvis has listed ten companies and has repeatedly been voted Switzerland's best private equity firm by the international financial press.
Dr. Sigurd Kitzer
Dr. Norbert Danneberg
Senior Industry Advisor
Dr. Burak Yahsi