Steadfast buys Stanz- und Lasertechnik Jessen

The business was acquired from private equity firm Orlando Management in an auction process conducted by Imap. Orlando initially bought the profitable business from its insolvent parent company in 2013.

Plans for growing the company include strengthening the laser cutting technology business, as well as a buy-and build strategy. The investor also hopes to optimise the current customer portfolio and increase sales.

Steadfast leveraged the transaction at 3.5x EBITDA and invested via its third fund, which closed on €104m in June 2011.

Company
Founded in 1960 and based in Jessen, SLTJ is a producer of electronic components for engines and transformators, including laser-cut prototypes. It has customers from the automation, robotics, e-mobility and home appliance sectors.

Jessen has 200 employees and sales of €35m.

People
Steadfast Capital – Marco Bernecker (managing partner).

Advisers
Equity – Taylor Wessing (legal); Rödl & Partner (financial due diligence); EY (tax); Willis (insurance due diligence); Codex (commercial due diligence).

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