Zurmont Madison acquires majority stake in AKAtech

The transaction will facilitate a growth strategy for the company, which will continue to be led by the existing management team.

The investment was made through the Zurmont Madison Private Equity L.P. fund, which holds total commitments of CHF 250m and closed in 2008.

Company
Founded in 2001 and headquartered in Frankenmarkt, AKAtech engages in electromechanical assembly and the manufacture of complex wiring harnesses. The company has three production facilities in Austria and slovakia and employs around 350 people. The firm generated sales in excess of €30m in 2011.

People
Kurt Hitz, Daniel Anliker and Werner Schnorf led the deal for Zurmont Madison. Michael Farthofer is managing director at AKAtech.

Advisers
Equity - LeitnerLeitner, Andreas Sauer (Financial & tax due diligence); Kerschbaum, Dr. Walter H. Anderl (Legal).

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