Auctus buys majority stake in Pro Engineering

Auctus said in a statement that it will work in partnership with a co-investor in the electrical engineering industry, focusing on a buy-and-build strategy to consolidate the sector. The GP has committed additional equity for add-ons.

The deal is part of a succession-planning arrangement, according to a statement. Co-founder Anton Häcki will take on an advisory role from 2021, while Yves Suter will remain in his management role.

Auctus is currently investing via Auctus V, which held a final close in October 2019 on €250m. The fund was 70% deployed as of June 2020, according to Unquote Data. Pro Engineering is the GP's fifth buyout of 2020 and its third in the second half of the year; the firm has also supported two add-ons for its portfolio companies PharmaLex and Oleodinamica Marchesini.

Company
Founded in 2008, Pro Engineering focuses on electrical engineering and planning for building automation, including lighting and communications systems. It has completed projects for clients including Zurich's national museum and the Lausanne football stadium. It employs 40 people and is based in Basel.

People
Pro Engineering Basel – Anton Häcki, Yves Suter (co-founders).
Auctus Capital Partners – Daniel Meuthen (director); Robert Knorrek (principal); Marvin Aurnhammer (investment associate).

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• Topics
• Buyouts
• DACH
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• Switzerland
• AUCTUS Management GmbH & Co KG