Rantum carves out Montratec from Schmid Group

This is the first investment made from Cedarlake Private Equity Fund I, a joint venture advised by Rantum Capital. Schmid Group will retain a minority stake in the new company.

Post-acquisition, the vendor will focus on its core business areas of electronics, photovoltaics and energy systems. According to its website it employs 1,200 people and recorded sales of €140m in 2015.

Cedarlake is a Chinese investment firm led by former Morgan Stanley CEO Yi Bao. Its joint venture with Rantum is a €300m private equity fund. It aims to invest in companies in the DACH region and sell them to Chinese investors.

Rantum also has a private debt fund that invests in Mittelstand companies with €2-100m in EBITDA, and provides subordinated loans, mezzanine capital and unitranche facilities with ticket sizes ranging from €5-100m.

Company
Montratec is the industrial automation arm of Schmid Group. It integrates robotic machinery into production lines. Its main product is a flexible mono-rail system with autonomous driving shuttles, which was developed for the factory of a Swiss luxury watch manufacturer.

People
Rantum Capital – Hans-Peter Sollinger (senior adviser).
Montratec – Sven Worm (chair of the board); Martin Claussen (managing director).

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• Topics
• Buyouts
• DACH
• Industrials
• Germany