Co-investor successfully assists merger of Schaetti and Dakota
Frankfurt am Main, 19 March 2019 - The Co-Investor Group, a mid-cap private equity investor with focus on the DACH region, has announced that the Swiss Schaetti Holding AG and the Belgian Dakota Group have entered into a merger. In future they will jointly operate as Fixatti AG and assume the position of market leader in the adhesive powder and coating industry. The Co-Investor Group has held an equity stake in Schaetti AG since 2013.Schaetti Holding AG was founded in Switzerland in 1957 and specializes in the development, polymerisation and sales of thermoplastic and adhesive powders. Its customers includecompanies from the clothing, automotive engineering and furniture manufacturing industries. Thermoplastic hotmelt adhesives from Schaetti are used, for example, in shoe manufacturing as well as for interior trim and automotive textiles. The adhesive powder and coating industry is a niche market with large growth potential. Co-investor remains a major shareholder of the group. As Schaetti's largest shareholder, the investment managers of Co-investor led the transaction from the first meeting to the signing on behalf of the Schaetti shareholders, orchestrated the due diligence and conducted the negotiations with Dakota. All these steps were carried out in close coordination with the co-shareholder and former owner of Schaetti AG, Daniel Schaetti, and the Board member Andreas Ziegler. The merger was closed in November of last year. Fixatti will combine the know-how and extensive experience of Schaetti and Dakota, creating extensive synergies. Despite the same customer target group, the product range of the two companies overlaps only slightly. This will enable Fixatti to offer its customers a broader product portfolio with an extended international base. Gertjan De Creus has been appointed the new CEO of Fixatti AG after successfully heading the Dakota Group for five years. Dr. Farsin Yadegardjam, who as a partner at Co-Investor is in charge of the investment, comments on the merger as follows: "With Fixatti we have created a new market leader in the attractive niche market of thermoplastic adhesive and coating powders that has global reachand will continue to grow profitably. This is the first time we have successfully merged one of our portfolio companies. Our investors will benefit from the growth of the newly created Group."
About Co-Investor The Co-Investor Group is a private equity investor focused on mid-sized companies in German-speaking countries - with offices in Zürich, Frankfurt am Main and Berlin. It has 2conducted direct investments for the last 19 years, supporting mid-sized companies in growth phases. Co-Investor benefits from its stable network of entrepreneurs that provide investment capital as shareholders of the Group and co-investors for direct investments, as well as its professional investment team. Co-Investor builds on a wealth of experience from more than 50 private equity investments and currently has 12 active investments under management in various sectors. The most recent exits of the last 24 months include Euroimmun (sold to the US laboratory specialists PerkinElmer), Casualfood (partial exit to Orior) and Amicra (sold to the Asian mechanical engineering company ASM Pacific Technology Ltd) . The group consists of Co-Investor AG, Zürich, as well as its three wholly-owned subsidiaries of Co-Investor Deutschland GmbH, EVP Capital Management AG and Co-Investor Financial Services GmbH, all headquartered in Frankfurt am Main.