Invision buys Parkresort Rheinfelden

The GP expects to invest CHF 50m for a 90% stake in the company. In the first step, it acquired 81% from the majority shareholders, and has made an offer to buy out the remaining minority shareholders. Parkresort is being traded off-market, on trading facility OTC-X, which is organised by Berner Kantonalbank (BEKB). 

Invision found the business via its network, having observed it for some time prior to the buyout. The GP stated it was attracted by the company's stable market position and the variety of its services. It hopes to expand the offering in Rheinfelden and to bring the business to other locations.

Parkresort was acquired via Inivision's fifth fund, which closed on €285m in July 2013. The deal is expected to close on 21 June.

Company
Based in Rheinfelden, Parkresort runs a saltwater spa with pool and sauna, an ambulant and stationary rehabilitation and therapy clinic, and a hotel. The business has 500 employees and recorded revenues of CHF 14.8m for 2014.

People
Invision – Martin Staub (partner).
Parkresort Rheinfelden – Thomas Kirchhofer (CEO).

Advisers
Equity – PwC (commercial, financial due diligence).

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• Topics
• Buyouts
• DACH
• Consumer
• Switzerland
• Invision Private Equity AG