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28 May 2018

MCF supports owners of Sauter Federn in succession plan for their family business

MCF advised the owners of Heinrich Sauter, Fabrik technischer Federn GmbH (“Sauter Federn”), a leading German manufacturer of mechanical springs, in the disposal of a majority stake to Pinova Capital Partners (“Pinova”). The three Sauter brothers, descendants of the company founder, will stay invested and continue in their positions as managing directors. With this transaction MCF underscores its expertise in swiftly executing mid-market succession deals with private equity involvement.

“The collaboration with MCF has been highly professional throughout the entire process. Together we achieved a great result. Simultaneously we developed a friendly relationship with the MCF team and it has been a pleasure to work with them. We did not regret a single day to have chosen MCF as our M&A adviser.”

Fabian Sauter

Managing Director of Sauter Federn

The Deal

This transaction enables the Sauter family to prepare for an orderly succession at an early stage and at the same time further develop the company with the support of Pinova, an independent private equity firm focusing on innovative high-growth SMEs in the German-speaking countries. Pinova is specialised on technology-oriented industries and has a track record in succession solutions. Together, Pinova and the Sauter management are aiming to further diversify and internationalise the business.

The Target

Sauter Federn is a family business that was founded in 1934 and is still family-managed in the third generation. The company is one of the leading German manufacturers of mechanical springs, serving blue chip customers in industries such as automotive, home appliances or the medical sector. Besides complex bent components, springs and assemblies of products, Sauter Federn offers services such as application concepts, prototyping, batch-packaging and support in installation and usage of its products.

Client Statement

Fabian Sauter, Managing Director of Sauter Federn, said: “The collaboration with MCF has been highly professional throughout the entire process. Together we achieved a great result. Simultaneously we developed a friendly relationship with the MCF team and it has been a pleasure to work with them. We did not regret a single day to have chosen MCF as our M&A adviser.”

About Pinova Capital Partners

Pinova is an independent private equity firm, focusing on investments in innovative high-growth SMEs in German-speaking countries, the “innovative Mittelstand”. Pinova offers customised and flexible private equity solutions via a majority or minority shareholding for a wide range of situations, from growth capital to succession solutions, with the objective of driving international growth. Innovation, high quality and productivity are Pinova’s guiding principles.

Get in touch

Stefan Mattern

Hamburg