Swedish Lesjöfors Group has sold S&P Federnwerk to German investor FairCap as part of a carve-out

  • Aug 2021
  • Industrial
  • M&A: Sell-Side
  • Pan-European

Livingstone has advised Lesjöfors AB (“Lesjöfors”) on the carve-out of S&P Federnwerk GmbH & Co. KG (“S&P”). The investor, FairCap GmbH (“FairCap”) will take over the company alongside S&P managing director Tristan Becker. Terms of the transaction will not be disclosed. 

Lesjöfors is a global group of companies specializing in the development and manufacture of springs and stamped parts. The company is a subsidiary of the listed Beijer Alma AB, operates around 40 production and sales companies worldwide. With a total turnover of EUR 245m (USD 290m) and ~1,600 employees, Lesjöfors is one of the leading companies in the spring industry. As a long-time innovator in the spring field, the group is growing continuously with good profitability, both organically and through acquisitions.

S&P was founded in 1999 and is a manufacturer of technical springs for the automotive industry and spring tines for agricultural machinery in the agricultural sector. With around 60 employees, the company recently generated annual sales of around EUR 11 million (USD 13m).

Ola Tengroth, CEO of Lesjöfors, stated, “The sale of a company is an exception in our group. We have made several acquisitions in recent years that have strengthened the group and increased profitability. The decision to sell S&P was carefully considered and based on the fact that S&P has limited synergies with our other companies. We are convinced that S&P will develop positively under its new owners.” 

Rasmus Jostrup, Head of Business Development and M&A at Lesjöfors, added, “We would like to thank the Livingstone team for the fast and highly professional M&A process and the successful sale.”

“We are pleased we were able to support Lesjöfors in an advisory capacity on the sale of S&P by identifying FairCap as an ideal, industry-experienced partner. In light of the global pandemic, this was a major challenge. We wish S&P and FairCap successful cooperation and the achievement of the long-term corporate goals”, said Dr. André Schröer, partner at Livingstone in Düsseldorf.

“It was a great pleasure to advise Lesjöfors on the sale of S&P and we would like to thank the company and everyone involved for the excellent cooperation,” Alexander Stock, Director at Livingstone in Düsseldorf.

The sellers were brought in by Brinkmann.Weinkauf (Julia Blaue, LL.M., Dr. Nikolas v. Wrangell, Legal) and Wehberg und Partner (Michael Lingnau, Tax), the buyers by Heuking Kühn Lüer Wojtek (Dr. Rainer Herschlein, LL .M., Benedikt Raisch, Legal) and advised by HWS (Martin Helmich, Tax).

Share this page

Stay up to date with our Newsletter