Palero Capital acquires Tesa Bandfix

The GP, which specialises in corporate carve-outs, wholly acquired the business. It plans to grow the company into an independent SME organically and through possible acquisitions. The transaction was initiated by a corporate financier and carried out as an auction.

Parent company Tesa SE is a subsidiary of German Beiersdorf Group.

Company
Tesa Bandfix produces self-adhesive decorative and design labels for the beauty industry and also focuses on labeling technology. It is the Swiss sister company of Hamburg-based Tesa SE.

Headquartered in Bergdietikon, the company employs 155 people and generated a turnover of CHF 45m last year. Bandfix was founded in 1954 and became a Tesa subsidiary in 2001.

People
Partners Christian Daumann, Conny E Wuppermann and Felix Frohn-Bernau worked on the deal for Palero.

Advisers
Equity – Homburger, Peter Müller (Tax); Ashurst, Nikolaus von Jacobs, Sören Kampmann (Legal).
Vendor – Clifford Chance, Andreas Dietzel (Legal).

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• Topics
• Buyouts
• DACH
• Industrials
• Switzerland
• Germany
• Ashurst
• Clifford Chance