Silver Investment nets Varicor

Amedeo Goria
06 February 2017

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Lower-mid-cap buyout firm Silver Investment Partners has acquired Varicor, a French mineral material parts producer.

As part of the deal, the GP acquired a majority stake in the targeted company and aims to affiliate it with its portfolio company Schüschke, a German producer of washbasins for civilian aircraft washrooms.

According to a statement, the companies will sign a partnership agreement and aim to boost their penetration across the aviation industry, as well as explore new markets in the field of mineral material applications.

The GP acquired a controlling stake in Schüschke in January 2016 as part of a succession plan for the business.

Company
Established in 1985, Varicor is based in Wisches, Alsace, and produces a mineral material called Varicor.

In addition to the raw material, the company manufactures panels, moulded parts and finished products made of Varicor. The company's products currently find application mainly in the sanitary, wholesale and industrial sectors.

The company also has a presence in Gaggenau, in Germany, and employs a staff of 75.

People
Silver Investment Partners – Philipp Amereller (managing partner).
Schüschke – Uwe Schüschke (managing director).

Advisers
Equity – Rödl & Partner (financial due diligence); McDermott Will & Emery (legal); King & Wood Mallesons (tax); Taylor Wessing (debt).