Triton portfolio company WernerCo acquires Zarges Group
Schaffhausen (Switzerland)/Greenville, PA (USA)/Weilheim — A consortium of financial investors has sold the Zarges Group. These included funds from Baird Capital and Granville, as well as VR Equitypartner. The new owner of Zarges is Schaffhausen-based WernerCo, a portfolio company of the Triton IV fund. A purchase price has not yet been disclosed.
WernerCo, a portfolio company of the Triton IV Fund and an international supplier of access products, fall protection equipment, and storage and transportation systems, today completed its acquisition of the ZARGES Group after receiving regulatory approvals. Due to the good complement of the product and service portfolio, WernerCo is able to strengthen its leading position in Europe through the acquisition. The parties have agreed not to disclose the purchase price or further details of the transaction.
“ZARGES is a major market player in continental Europe and will be added to the WernerCo Group portfolio with its attractive brands. Both companies operate in complementary markets with the same understanding of product quality, design and delivery reliability. This transaction is an important milestone for us, continuing our strategy to deliver innovative products and systems to our global customers,” said Edward Gericke, President of WernerCo’s U.S. business and current CEO.
“Under the ownership of funds managed by Baird Capital and Granville, as well as VR Equitypartner GmbH and the management team, ZARGES Group has successfully focused on its core activities and achieved impressive improvements,” said Mathias Schirmer, member of the company’s advisory board and partner at Baird Capital.
“ZARGES is an impressive company with a focus on product innovation and quality. We are convinced of the company’s continued positive development and the mutual benefits for WernerCo and ZARGES. We look forward to supporting the growth trajectory in the coming years,” says Ruth Linz, Investment Advisory Professional and Advisor to Triton Funds.
About ZARGES Group
The ZARGES Group, headquartered in Weilheim, Germany, is a globally active company with around 800 employees at three production sites in Europe. The Group sells its products in Germany, France, Sweden, the UK, Denmark, Norway and the Netherlands, among other countries. Innovative technologies and in-depth experience with high-quality aluminum make ZARGES the leading company in three major business segments: Climbing — Packaging, Transport, Storage — Special Constructions. ZARGES products combine the many advantages of aluminum, such as high stability with low weight, corrosion resistance and flexibility of use. The company has the right solution for every requirement and can also offer customized solutions. Whether from industry, trade, service or commerce, customers appreciate ZARGES as a reliable partner and benefit from the quality, know-how and comprehensive service they have enjoyed for many years after purchasing the products.
Advisor TRITON: White & Case
Dr. Hendrik Röhricht (Private Equity/M&A), Gernot Wagner (Capital Markets; both lead), Dr. Bodo Bender (Tax), Dr. Justus Herrlinger, Dr. Lars Petersen (both Hamburg), Marc Israel (London), Katarzyna Czapracka (Warsaw; all Antitrust), Vanessa Schürmann, Sebastian Schrag, Justin Wagstaff (London; all three Banking and Finance), Ingrid Wijnmalen (Private Equity/M&A), Dr. Andreas Klein (Dispute Resolution); Associates: Simon Rommelfanger, Dr. Jan Eichstädt (both M&A), Anne-Sophie von Köster (Real Estate), Dr. Daniel Valdini (Antitrust; Hamburg), Andreas Kössel (Labor Law), Irina Schultheiß (Banking and Finance), Giuditta Caldini (Antitrust; Brussels), Veronika Merjava (Private Equity/M&A; Prague), Claire Jordan (Banking and Finance; New York).
Advisor to seller: Gibson Dunn & Crutcher (Munich)
Dr. Ferdinand Fromholzer (M&A; lead), Dr. Hans-Martin Schmid (tax law), Sebastian Schoon (finance law), Michael Walther (antitrust law), Dr. Mark Zimmer (labor law), Kai Gesing (antitrust law); associates: Sonja Ruttmann, Dr. Johanna Hauser, Dr. Maximilian Hoffmann (all M&A), Daniel Gebauer (real estate law)
Milbank Tweed Hadley & McCloy (Frankfurt): Dr. Thomas Ingenhoven; Associates: Dr. Katja Lehr, Dr. Tim Löper (all Banking and Finance)
Advisors to banks: Weil Gotshal & Manges (New York)
Daniel Dokos (lead), Dr. Wolfram Distler (Frankfurt); Associates: Justin Lee, Julia Schum (Frankfurt; all Banking and Finance)