
Finatem buys Mungo Befestigungstechnik
German buyout firm Finatem Beteiligungsgesellschaft has acquired Swiss fastening technology company Mungo Befestigungstechnik.
The vendor is a group of private investors including the CEO Oliver Annaheim, who will retain a minority stake and continue to lead the company under the new owners.
Finatem drew equity for the transaction from its €150m buyout fund, Finatem IV, which held a final close in December 2014 and generally backs businesses with sales between €20-125m.
It is the fourth investment from Finatem IV and the first the GP has made in Switzerland. It is approximately halfway through its investment period, Unquote understands.
Company
Mungo was founded in 1968 and is headquartered in Olten. The company specialises in fastening technology including metal and nylon plugs, special chemical and insulation fixings, and other accessories such as drills, bits and abrasive disks for professional users. The company employs 80 people.
People
Finatem Beteiligungsgesellschaft – Christoph Hemmerle (managing partner); Felix Rieder (investment manager).
Mungo Befestigungstechnik – Olivier Annaheim (CEO).
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