BayBG invests in SM Selbstklebetechnik
Bayerische Beteiligungsgesellschaft (BayBG) has acquired SM Selbstklebetechnik and become a silent partner in the business.
The deal addressed the company's succession planning challenge, with BayBG providing the outside management team with financing to purchase the company after the retiring owner put the business up for sale.
The new management team bought 100% of the shares in SM with BayBG's six-year mezzanine loan and their own capital.
The management team stated that BayBG's offer to finance the management buyout, while allowing the team freedom of movement in their daily operations, was a perfect fit.
BayBG was interested in the company because it operates in a niche market, and due to the management team's qualifications.
Christian Krause of BayBG arranged the transaction and carried out the company's due diligence.
Company
Founded in 1972 and headquartered in Emmering after moving from Munich in 2002, SM specialises in self-adhesive films and tapes. Its products are characterised by additional features such as UV and weather resistance, abrasion resistance and conductivity. SM's customers include Siemens, EADS Dornier and Man.
The company has approximately 20 employees.
People
Sonnfried Weber is the CEO of BayBG. Thorsten Quendt and Bernhard Gröbe are managing partners at SM.
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