Capvis and Partners Group acquire VAT Holding

In its latest deal prior to the buyout of VAT, Capvis acquired river cruise operator Nicko Tours in January this year, according to unquote" data.

The acquisition of VAT comes after Partners Group divested all of its non-private-equity businesses in order to focus its activities solely on private equity, private debt, private real estate and private infrastructure in September.

Company
VAT Holding manufactures vacuum valves in Switzerland, Romania and Malaysia, while operating sales offices in the US, Japan, Korea, Taiwan, China, Singapore, Germany, France and the UK. However, the majority of VAT's staff are employed in the firm's headquarters in Haag, Switzerland, with 700 of its overall 1,000 staff.

VAT exports the majority of its products, with Asia being its main market with around 45% of sales, while the US accounted for approximately 30% and Europe for 22%.

VAT's product portfolio of more than 1,000 types of valves includes transfer valves, gate valves, pendulum valves, vatterfly valves, connection components and control valves. The firm was founded in 1964 and reports revenues of CHF 300m.

People
Partners Group co-founder and executive chairman Alfred Gantner, Partners Group partner Walter Keller, and Capvis partners Daniel Flaig and Ueli Eckhardt will join VAT's board. Karl Schlegel will retire as CEO of VAT and serve on the board as non-executive director. Reto Loepfe is the new CEO of VAT.

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• Topics
• DACH
• Industrials
• Buyouts
• Switzerland
• Capvis AG