Finatem sells WST Präzisionstechnik to Cathay Capital

During Finatem's ownership, WST expanded its factory, improved its work processes and logistics, introduced modern software and diversified its customer portfolio, according to the GP. Revenues grew from €38m in 2012 to €64m in 2015, while the number of employees was raised from 210 to 400 in the same period.

Cathay has €1.2bn in assets under management and invested through its €500m Sino French Midcap fund, which closed in December 2014 after six months on the road.

Previous funding
In July 2012, Finatem acquired a majority stake in WST Präzisionstech as part of an MBO from the company's private owners. The deal – the third from Finatem's third fund – was initiated by WST's financial advisers, who were looking for a successor to the company's owners. The vendor remained a minority shareholder.

Company
WST is based in Löffingen, where it was founded in 1993. It manufactures high-end, ready-to-mount precision turned and milled parts. It serves customers in the automotive, drive technology, hydraulics and mechanical engineering sectors. WST generates around €64m in annual revenues and employs 400 staff.

People
Finatem - Christophe Hemmerle (CEO); Daniel Kartje (partner).

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