The shareholders of SMAG Holding, a German-headquartered industrial group active in specialist plant and engineering construction, have successfully reached an agreement to sell 100% of their stake to AEQUITA, a private financial investor based in Munich, Germany.
The sale will ensure that SMAG Holding can be restructured under the management of AEQUITA, leveraging on its expertise in special situations and business turnarounds, while keeping the Company’s legacy operation and client portfolio.
The Company is jointly advised by CIGP and its German partner Wintergerst, both of which are members of ICFG. CIGP’s Hong Kong investment banking team advised on Chinese specific matters and managed the due diligence process of the Chinese subsidiary of SMAG Holding, contributing to the successful closing of the transaction.
“It has been our pleasure assisting SMAG Holding’s management team with the sale of the business especially on the Chinese operation. Such process involved challenges of a cross-border nature, for which CIGP demonstrated skills and experience. The transaction shall allow SMAG Holdings to shine under AEQUITA’s new ownership. We wish them all the best for their new endeavour.”
Shared by Hugues de Saint Seine, Managing Partner, CIGP
About SMAG Holding (www.smag.de)
SMAG Holding (the “Company”), headquartered in Germany with subsidiaries across Germany, China and India, is a leading manufacturer of grabs and other handling equipment for loading and unloading bulk goods of all kinds as well as other special lifting equipment. The Company has three operating entities including PEINER SMAG Lifting Technologies GmbH, NORDMEYER SMAG Mining & Drilling Technologies GmbH, and SMAG Mobile Antenna Masts GmbH.
About AEQUITA (www.aequita.com)
AEQUITA is a Munich-based investment group investing in special situations including corporate carve-outs, successions, and recovery situations across Europe. With annual revenue of over 1.3 billion euros generated from 8 portfolio companies, AEQUITA holds a long-term vision to accompany medium-sized companies on the path to successful transportation.
About CIGP (www.cigp.com)
CIGP is an independent financial advisory group, rooted in Geneva for more than 50 years, providing investment banking services and wealth & asset management to its clientele. CIGP Group focuses on advising entrepreneurs and their families on strategic matters and offering a comprehensive as well as bespoke range of financial services to private, entrepreneurial and institutional clientele, thanks to a fully integrated financial platform. Over the past decade, CIGP has expanded internationally to Hong Kong, London, Milan, and Dubai. CIGP is also a member of International Corporate Finance Group (“ICFG”) (www.icfg.net), a global network of primary M&A players from three continents with a solid track record across industries.
CIGP Investment Banking
Hugues de Saint Seine, Managing Partner
+852 3842 1111