PE-backed Keymile acquires Hytec Gerätebau

Halder and Riverside originally acquired Keymile from fellow private equity house Hannover Finanz in 2011. Riverside led the buyout with a commitment from its €420m Riverside Europe Fund IV vehicle, which closed in October 2008. Halder invested via the €325m Halder Gimv Germany II fund. The value of the transaction was believed to be around €150m, while the debt ratio was said to be between 50-55%.

Riverside vice president Balázs Tahy told unquote" at the time of the initial transaction that the GPs were aiming to grow the company organically as well as through add-on acquisitions, with two potential targets then in sight.

Keymile was established in 2002 and produces data transmission systems used by companies in the telecommunications sector. The company is headquartered in Germany and Switzerland, with its main product being multi-service access platforms that allow the transmission of voice and data via copper and fibre-optic cables.

Company
Hytec Gerätebau manufactures communication network products, such as modems, that are especially designed for harsh conditions. The firm's products are mainly used by power and transportation utilities for power network communication and power automation applications.

Based in Mannheim, Germany, Hytec develops low-data-rate modem technologies, such as Ethernet managed and unmanaged switches, analog modem technology and power line communication.

People
Peter Schaberger is a partner at Riverside and worked on the transaction. Also working on the deal for Riverside were vice president Balázs Tahy, vice president Sven Schulze and vice president of Riverside's origination team Patrick Schaich. Björn Claassen is Keymile's CEO.

Advisers
Equity (Riverside) – KPMG (Financial due diligence); Jones Day (Legal); Willis (Corporate finance).

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• Topics
• Industrials
• DACH
• Expansion
• Germany
• Switzerland
• Halder Beteiligungsberatung GmbH
• Riverside
• Acquisition finance