Riverside's RE Panels makes Swiss bolt-on

RE Panels is also the parent company of European Panel Company (Epco). Epco and Tecsedo are both manufacturers of traditional and finger-safe sandwich panels for overhead-sliding doors.

The GP acquired Belgium headquartered Epco in 2016, with capital from buyout fund Riverside Europe Fund V.

Epco recently began production at its new factory in Poland, Epco Polska. The group now has production facilities in Belgium, Poland and Switzerland. With the acquisition of Tecsedo, Riverside will support the continued growth of both companies.

Debt
Financing for the transaction was provided by CBC Banque and Belfius, which provided a debt package for Riverside at the time of the Epco buyout. 

Company
Tecsedo makes panels for overhead doors and sells in 29 countries. In addition to providing access to new customers and markets, Tecsedo complements Epco in terms of customer base, product lines, manufacturing capability and supplier relationships.

People  
The Riverside Company – Karsten Langer (partner); Fabio Pesiri (senior operating partner); Damien Gaudin (principal); Michele Volpe (associate).
Tecsedo – Marco Tognelli (co-founder, managing director); Michele Tognelli (co-founder, general manager).

Advisers
Equity – Allen & Overy (legal); Advocatenkantoor Parmentier WalderWyss (legal); Deloitte (financial due diligence); Munich Strategy Group (commercial due diligence).

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• Topics
• Portfolio management
• DACH
• Industrials
• Switzerland
• Build-up
• Riverside