Livingstone has advised MIB Industriebeteiligungen GmbH & Co. KG („MIB“), a German industrial holding company focusing on succession solutions for niche market leaders and hidden champions on the acquisition of Schwarz GmbH & Co. KG (“Schwarz Abschirmtechnik”). Schwarz Abschirmtechnik is a leading supplier of complete solutions in the field of high-frequency radiation (HF) and magnetic field (MF) shielding. The parties have agreed not to disclose the terms of the transaction.
MIB Industriebeteiligungen GmbH & Co. KG is an investment company focused on sustainability. Founded in April 2019 and backed by more than four decades of sector know-how in business, industry and consulting of the responsible persons, the company specializes in the acquisition, long-term support and continuation of medium-sized manufacturing companies. MIB is geared to growth and prepares the ground for a lasting succession characterized by appreciation as a link between the former company owner and the existing or new management.
Schwarz Abschirmtechnik is a medium-sized, owner-managed company, which was founded in 1967 as an electrical installation company by the current shareholder Hans-Hubert Schwarz. In recent years, Mr. Schwarz has systematically developed the company into a professionally positioned niche market leader in the field of shielding of high-frequency radiation (HF) and magnetic fields (MF), for example in magnetic resonance tomographs (MRT), and is today regarded as a highly reliable premium partner in the market. The customer portfolio includes international blue-chip customers, hospitals and radiological centers as well as public institutions (universities, research centers, federal offices).
Christoph Borges, managing partner of MIB Industriebeteiligungen GmbH & Co. KG: “The Livingstone team around Jochen Hense and Frederik Schreurs was able to establish contact quickly and ensure a highly efficient process thanks to their network and many years of transaction experience. Together with Mr. Schwarz and the management team, we will continue to develop the Schwarz Abschirmtechnik company further in a targeted manner”.
Jochen Hense, Partner at Livingstone Düsseldorf: “We were very pleased to be able to support MIB in one of its first transactions. As a “hidden champion” and niche market leader, Schwarz Abschirmtechnik fulfils the MIB investment criteria in an excellent way”.
The MIB shareholders regard this successful business deal despite the current corona pandemic as an important signal to SMEs in general: “We at MIB are available to companies as a reliable partner even in challenging times,” explain Christoph Borges and Robert Spartmann. “Together with our future-oriented subsidiaries, we look forward with great pleasure to facing up to major challenges and seizing the opportunities for considered growth.”