Newsletter 01/2019

SMC Corporate Finance Newsletter – January 2019

Dear business partners and friends

We hope you started the new year well and we wish you lots of success, not only with potential new deals.

Allow us to update you briefly on the transactions that we have successfully concluded since our last newsletter and which significantly contribute to our track record. We completed a total of nine transactions, a significant increase compared to 2017, in sectors as diverse as healthcare, IT, energy & power, consumer & retail, business services and industrials. Six transactions represent divestitures of owner-managed companies, showing our competence and positioning with entrepreneurs and succession-related solutions. Buyers of those businesses were strategic investors as well as private equity firms.

We thank our clients who entrusted SMC Corporate Finance to advise them on their important transactions in 2018. All of us look forward to new exciting projects in 2019.

COMPLETED TRANSACTIONS SINCE JANUARY 2018

SELECTED TRANSACTION SUMMARIES

 IMS acquired by RIB Software

SMC Corporate Finance advised the owners of IMS Gesellschaft für Informations- und Managementsysteme mbH, based in Dinslaken, Germany, in the sale of 80% of the shares to the stock listed RIB Software SE, the world’s leading provider of iTWO 5D BIM Big Data technology for the construction industry, with more than 1000 employees.

IMS has been active in the software market since 1987 and employs over 70 people. IMS is a leader in computer-aided facility management (CAFM), property management, cable and network management.

«RIB’s technologies offer IMS the perfect opportunity to take the important step towards BIM and IoT. By using the integrated BIM data, the first smart building applications such as indoor navigation become possible», says Michael Heinrichs, Managing Director of IMS.

     Inomed Owner-Buyout by Initiative Finance and Capital Transmission

SMC Corporate Finance advised on the Owner-Buyout of Inomed Technology, a major European player in the design and manufacture of sterilization trays for orthopedic and spinal surgery. Located in Courtelary in the Canton of Berne, Switzerland, the company is a preferred supplier for large OEMs in the medical technologies sector and is especially valued for the quality of its products and the excellence of its services. Inomed Technology currently achieves over 70% of its sales in the export market. The group is presenting an ambitious project to consolidate its position in Europe and develop its presence in the US market.

Initiative Finance (Lyon/Paris) and Capital Transmission (Geneva), the PE branch of the Banque Cantonale de Genève (BCGE), two mid-market Private Equity firms specialized in succession-related situations, backed Inomed Technology.

 ItnetX Trade Sale to Swisscom AG

SMC Corporate Finance advised the parent company itnetX AG and its administrator in the sale of itnetX (Switzerland) AG. itnetX (Switzerland) AG was created in a push-down of the operating business by its financially distressed parent company into the new subsidiary, which ultimately was acquired by Swisscom AG.

itnetX is a leading Swiss provider of Microsoft-based IT solutions, particularly in the area of modern Workplace Management and Cloud services for mid- and large-sized corporate clients. The company, led by Markus Erlacher and Dieter Gasser, has approx. 70 employees and has offices in Bern, Zurich and Lausanne. Over the last years, itnetXs’ long-standing project implementation competence has been complemented by expanded Managed Services offerings.

Swisscom AG integrated itnetX (Switzerland) AG management-wise within the Infrastructure Solutions unit with the aim to further penetrate the Swiss market for enterprise customer services with its strengthened Microsoft solutions competence.

We wish you every success in 2019 and look forward to hearing from you soon.

Best regards

Robin R. Richiger
Marcel J. Goetsch

Olivier Kobel

Thierry de Sépibus