Capvis and HgCapital partially exit KVT

The deal saw the sale of both shares and assets.

Previous investment
Capvis and HgCapital co-invested in KVT following Capvis's €325m takeover of the group from German listed company Klockner & Co in 2008. They both agreed on equal investment rights.

The transaction was supported with senior debt from Zürcher Kantonalbank and mezzanine capital from EQT Expansion Capital.

Company
KVT Verbindungstechnik is part of KVT Koenig Group, which was founded in Dietikon in 1927 and produces fastening systems and sealing plugs.

The division, which focuses on the fastening systems business, employs 230 staff within the DACH region and Eastern Europe and has a turnover of CHF 120m. It offers 70,000 products and has around 25,000 customers.

Advisers
Equity – Clifford Chance, Oliver Felsenstein, Leif U Schrader, Alexandra Hagelüken, Justus Keiluweit (Legal).

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• Topics
• Exits
• Portfolio management
• DACH
• Consumer
• Germany
• Switzerland
• Austria
• Capvis AG
• HgCapital
• Partial sale
• Clifford Chance