IK Partners acquires a majority of Schwingshandl: the advisors

International law firm Ernst & Young Law has advised a fund advised by European private equity firm IK Partners on the acquisition of a majority stake in Schwingshandl automation technology GmbH. IK acquires a majority stake from the founders Thomas Schwingshandl and Enrico Larcher. Financial terms of the transaction have not been not disclosed.

IK was advised by the following team led by EY partner Dr Jan Philipp Feigen and Dr Maximilian Menges (both pictured, respectively left and right):

EY Law Team Germany: Dr Jan Philipp Feigen (lead, partner, PE/M&A, Hamburg); Dr Maximilian Menges (co-lead, partner, PE/M&A, Hamburg); Sylvia Schapitz (director, PE/M&A, Eschborn); Dr Philipp Strümpell (Director, PE/M&A, Munich); Dr Daniel Mattig (Senior Manager, Hamburg, PE/M&A), Dr Sebastian Merkel (Senior Consultant, PE/M&A, Hamburg), Dr Nils Gildhoff (Partner, Antitrust, Hamburg); Antonia Steinert (Consultant, PE/M&A, Hamburg).

EY Law Team Austria: Georg Perkowitsch (Partner, Vienna, PE/M&A); Christian Gusenbauer (Director, Klagenfurt, PE/M&A); David Konrad (Senior Manager, Vienna, Compliance, Competition/Merger Control); Katharina Dabernig (Manager, Vienna, Corporate and Business Law); Lisa Hochgatterer (Consultant, Vienna, Corporate and Commercial Law); Paul Kness (Consultant, Vienna, Corporate/Finance); Anneliese Keinrath (Manager, Vienna, Finance); Eva Erlacher (Manager, Vienna, Regulatory); Heinrich Pöttinger (Manager, Vienna, Real Estate); Dr Julia Karl (Partner, Vienna, Real Estate). Julia Karl (Partner, Vienna, Real Estate Law); Tobias Scheufler (Manager, Vienna, Real Estate Law); Martin Schneider (Manager, Vienna, Labour Law); Isabella Göschl (Senior, Vienna, Labour Law); Andreas Lopatka-Sint (Manager, Vienna, Data Protection); Lukas Wandl, (Consultant, Vienna, Data Protection); Daniela Birnbauer (Senior, Vienna, IP/IT)

EY Transaction Tax (ITTS): Thorsten Krummheuer (Partner, Eschborn), Andreas Sauer (Partner, Vienna); Bianca Czigler-Reisner (Director, Vienna)

Details of the deal

Founded in 2003 and headquartered near Linz, Austria, Schwingshandl provides innovative, made-to-measure automation solutions for a broad range of end-market applications. The Company specialises in designing, engineering and assembling customised modules and sub-systems such as storage and distribution technology, lifts, conveyor systems, (de-) palletisers, (de-) stackers and (un-) loading stations. Schwingshandl is a long-term partner to blue-chip customers globally, focusing on the development of high quality, complex intralogistics solutions, leveraging its successful automation track record of over 20 years.

Since inception, Schwingshandl has demonstrated impressive growth, in a large part due to the entrepreneurial spirit of the founders as well as the dedication of its 90 employees. The Company recently finalised the expansion of its production facility and has firmly established itself as a leading provider of customised warehouse automation solutions. In partnership with IK, Schwingshandl will look to: continue investing in its people and organisation; selectively broaden its service offering; and pursue international expansion. Both founders will retain their respective leadership positions on Schwingshandl’s management board and will remain significantly invested in the company.