Acquisition of Pfiffner Group by Fair Friend Group

Sector(s)
Industrials
Deal type
Buy a business
Date
July 2016
Countries involved
Switzerland / Taiwan

Client

Fair Friend Group is an international industrial group headquartered in Taipei, Taiwan

Deal

Capitalmind has advised Fair Friend Group in the acquisition of Pfiffner Group, a manufacturer of high-precision rotary transfer machines headquartered in Switzerland

Parties

Lead team

  • Markus Decker

    Markus Decker

    Managing Partner Switzerland

About the deal

Fair Friend Group, an international industrial group with revenues of ca. USD 3.3bn, has acquired Pfiffner Group headquartered in Switzerland, a manufacturer of high-precision rotary transfer machines and revenues of ca. CHF 80m.

In addition to its leading position in Asia, Fair Friend Group has in recent years also built a strong presence in the European tool machining market. With its premium brands in Germany and Italy, Fair Friend Group offers a broad range of advanced turning, milling, and gear manufacturing technology. The acquisition of Pfiffner further reinforces Fair Friend Group’s position in Europe and provides complementary and leading expertise in high-volume and high-precision machining in the area of small work pieces up to hand size.

For Pfiffner Group, the transaction provides strong strategic opportunities including access to FFG’s extensive global sales and services capacities. The company’s founder Karl R. Pfiffner who has successfully built up the firm for over 40 years thus reached a sustainable succession solution for its firm and employees.

What we did

Capitalmind acted as exclusive financial advisor to FFG. Based on its long-term relationship to Mr. Pfiffner, the team established a strong mutual trust basis between both parties and thus enabled a fair and swift transaction. Capitalminds led and coordinated the entire acquisition process, including due diligence as well as the transaction negotiation and closing. The transaction highlights Capitalminds’ expertise in the tool machining sector and strength in establishing sustainable entrepreneurial solutions for its clients.

Luigi Maniglio, President of FFG Werke GmbH, located in Uhingen/Baden-Württemberg comments: “the team delivered high-quality advisory services and significantly contributed to implementing an efficient transaction process. We could thus successfully complete the transaction only three months after the first management meeting with Pfiffner Group. We are excited to extend our presence into Switzerland. Pfiffner Group’s excellent expertise and brand further strengthens our leading position in rotary transfer machines”.