German equity investor Steadfast Capital Fund III, L.P., will use the finance to invest in Stanz- und Lasertechnik Jessen as part of a management buyout.
German Law firm Luther advised the French financial investor Idinvest Partners during debt financing. German equity investor Steadfast Capital Fund III, L.P., will use the finance to invest in Stanz- und Lasertechnik Jessen as part of a management buyout.
Idinvest Partners is headquartered in Paris and provides European companies and private equity sponsors with customised, flexible debt capital and equity financing in different stages of growth, and currently manages over 6 billion Euros.
During this transaction, Idinvest Partners are providing the finance in the form of unitranche funding. The parties involved have agreed not to disclose the value of the finance package.
For a number of years now, Luther has advised Idinvest on transactions in Germany, and recently during mezzanine financing to the FEUER powertrain Gruppe valued at 30 million Euros in October 2015.
About Stanz- und Lasertechnik Jessen
The company was founded in 1879 as a metal processing business, and today is a leading manufacturer of high-precision electrical sheet components for electric motors and transformers. The components are manufactured at two production sites in Jessen (Saxony-Anhalt) and are primarily used by its clients in the fields of automation and robotics, e-mobility and by manufacturers of high-quality household appliances.
About Steadfast Capital
Steadfast Capital is an independent private equity holding company focussed on SMEs operating in German-speaking European and Benelux countries. The company uses funds to invest in SMEs and provides equity capital for corporate successions, management buyouts and growth financing.
For Idinvest Partners
Luther, Banking & Finance: Christoph Schauenburg, LL.M. (Lead Partner), Stefan Jokel (both Frankfurt am Main)