Afinum-backed Liftket buys Chainmaster

The GP supported the transaction with equity from Afinum Siebte Beteiligungsgesellschaft, a €280m fund that held a final close in April 2013 and was used for the original acquisition of Liftket in 2016.

Chainmaster will continue to operate independently but will benefit from synergies and knowledge exchange with Liftket.

Liftket was founded in 1948 and is headquartered in Wurzen. It produces electric chain hoists and distributes to the industrial sector, as well as entertainment and wind-power segments. The company employs 230 people.

Company
Chainmaster was founded in 1996 and is headquartered in Eilenburg. The company develops hoist systems for stage apparatus, including the software and operator interfaces. The company employs 20 people and generates revenues between €2-5m, according to publicly available documents.

People
Afinum Management – Thomas Buehler (founder, managing partner).

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• Topics
• Expansion
• DACH
• Industrials
• Germany
• Build-up
• Afinum