The Frankfurt team advised the management as co-investors of Garz & Fricke Holding GmbH, in the sale of their stake in Garz & Fricke to (and re-investment into) Italian listed company SECO S.p.A. The total value of the transaction was EUR 180 million. With the transaction, SECO S.p.A. acquires the 100% of the share capital of Garz & Fricke Holding GmbH, through AF HMI Holding, ultimately held by Afinum Siebte Beteiligungsgesellschaft mbH & Co. KG, advised by Afinum Management GmbH, and other minority shareholders as jointly owners of 100% of the share capital of the company.
Garz & Fricke Holding is a German manufacturer and developer of hardware and software solutions for IoT, based in Hamburg.
For additional details on the transaction, please read the press release.