BPE exits TSK to trade buyer

The GP was advised by Blue Corporate Finance on the transaction. TSK will be added to Komax's business unit Wire, a provider of wire processing applications. Komax is listed on the SIX Swiss Exchange.

Previous funding
BPE acquired TSK in a management buyout as part of a succession solution in 2005. The firm held direct shares in both the holding and operating companies.

During the holding period, BPE worked on streamlining the company's product portfolio and brought in a new management team. The GP also moved TSK's production facilities to Turkey, which helped boost the company's turnover while growing its employee numbers. Another production facility was opened in Tunisia and TSK also has an affiliate in China.

Company
TSK provides quality assurance services and products for electronic assemblies and components. The company is based in the German town of Porta Westfalica and operates globally. Founded in 1983, TSK generates a turnover of around CHF 30m and employs approximately 350 people.

Advisers
Vendor – Blue Corporate Finance (Corporate finance); Gleiss Lutz Rechtsanwaelte (Legal); Alpers & Stenger (Tax).

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• Topics
• Exits
• DACH
• Industrials
• BPE Unternehmensbeteiligungen (BPE Private Equity)
• Germany