BayBG to acquire 20% stake in SAV

The GP plans to support the company’s growth following a restructuring process initiated in recent years, according to a statement.

BayBG generally makes growth capital investments of €200,000-7m, focusing on companies based in Bavaria.

Tyrol Equity wholly acquired SAV in May 2015 but has since exited the investment and is no longer a shareholder. The business generated revenues of €30m and had 220 employees at the time of the acquisition.

Company
SAV develops AI-backed clamping technology for magnetic, rotational and stationary clamps. The machinery is used by companies from sectors including mechanical engineering, agricultural technology and aerospace. SAV reports revenues of €27m. Founded in 1985, the company is based in Nuremberg, with additional locations in Mittweida and Göppingen, and has 170 employees.

People
SAV – Michael Schacherl (CEO).
BayBG - Thomas Becher (senior investment manager).

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• Topics
• Expansion
• DACH
• Industrials
• Germany
• Bayerische Beteiligungsgesellschaft mbH (BayBG)