IK supports Klingel's acquisitions of Bächler, Gehring

Klingel acquired the companies for their customer bases, manufacturing capabilities and expertise.

Klingel is an IK VIII fund company and was acquired by the firm in 2018 from Halder. The fund closed on €1.85bn in 2016 and was 61% deployed in September 2018.

At the time of the acquisition, partner Anders Petersson at IK Invest told Unquote that debt providers had backed the acquisition as a potential buy-and-build and were prepared to support the strategy with further financing. Petersson also alluded to the possibility of cross-border bolt-ons.

Halder already began the consolidation process when it bolted on Josef Ganter Feinmechanik in 2016. The company's revenues increased from €23.6m to €36.5m under Halder's ownership.

Company
Bächler Feintech was founded in 1964 and employs 140 people at its production site in Hölstein. The company offers turning and milling, complete machining and surface finishing, as well as the development of general precision engineering products, medical instruments, tools and components.

Gehring Cut was founded in 1948 and employs 75 people at the production site in Matzingen. It manufactures fully functional orthopaedic instruments that improve operations' results.

People
IK Investment Partners – Anders Petersson (partner).
Klingel Medical Metal – Ralf Petrawitz (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• DACH
• Healthcare
• Build-up
• Buy-and-build
• healthcare
• Switzerland
• Halder Beteiligungsberatung GmbH
• IK Investment Partners