Capvis and Partners Group sell Bartec to Charterhouse

Carmen Reichman
18 July 2012

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Capvis Equity Partners and Partners Group have sold their majority stake in German industrial safety technology provider Bartec to Charterhouse Capital Partners.

Charterhouse invested through its €4bn ninth fund. The GP plans to further expand the company globally through acquisitions and to develop products and new solutions.

Previous funding
Capvis bought its stake in Bartec in a management buyout from Allianz Capital Partners in 2008. Under its ownership the company has increased its turnover to almost €300m, up €100m from 2008.

The business was grown organically and made two acquisitions. It also set up a sales organisation in China and strengthened its position in the Middle East.

Company
Bartec provides industrial safety technology for use in machinery, equipment and devices. It supplies various industries including the pharmaceutical, energy and mining sectors.

The company was founded in Bad Mergentheim in 1975 and employs 1,500 people. It has production facilities in Germany, Switzerland, Slovenia, Norway, the UK and China, and sales offices in 28 countries.

People
Chairman of private equity direct investments committee Walter Keller represented Partners Group on Bartec's board of directors. Partner Daniel Flaig worked on the deal for Capvis and partner Christian Fehling represented Charterhouse.

Advisers
Vendor – Ernst & Young, Steve French (Financial due diligence); Latham & Watkins, Christian Edye (Legal); Commerzbank, Philipp Mohr (Corporate finance); William Blair, Matt Gooch (Corporate finance); Roland Berger, Christof Huth (Commercial due diligence).