spot_img
Thursday, February 2, 2023
spot_img

Garrigues advises sellers on MCH´s acquisition of Fermax

Garrigues has advised the sellers on MCH Private Equity´s acquisition of global leader in the residential communications business Fermax

-

Spanish private equity firm MCH signed an agreement last to acquire a majority stake in Fermax, owned by family office Magister, made up of members of the Maestre Azcón family, a global leader in the residential communications business. The closing of the transaction, which could be valued at close to €100 million, is pending regulatory approvals.

The company, founded in 1949 by Fernando Maestre in Valencia, specialises in the manufacture and sale of electronic door entry systems, digital video door entry systems, home automation and access control systems. The group is the absolute reference in Spain, with a market share of around 40%, and is among the four or five largest companies focused on this business globally. The company employs more than 450 people. Its annual turnover is around €70 million and, according to market sources, ebitda is around €10 million. Although the switchboard business could be considered a cyclical business due to its link to construction, the fact is that the operation and maintenance of the devices – as is the case in the lift sector – protect it from the ups and downs of the economy.

Fermax has seven international subsidiaries, located in Belgium, China, France, Poland, two in the UK and Singapore. It also has representative offices in Colombia, United Arab Emirates (UAE) and Portugal and its teams are present in more than 70 countries.

Garrigues advised the sellers with a team formed by partners Francisco Soler Caballero and Alejandro Micó, together with associate Sol Sánchez Bacharach.

- Advertisement -spot_img
- Advertisement -spot_img

MOST READ NEWS

Montero Aramburu Madrid Tax head partner Isidro del Saz passes away

Isidro was the partner in charge of the Tax practice of the Madrid office of Montero Aramburu Abogados since June 2018, when he joined...

SPB advises Miss Group on Sered acquisition

International fast-growth web hosting business MIss Group has completed its first acquisition of 2023 – web hosting specialist Sered, to further expand its footprint across...

GA_P, Pérez-Llorca advise on Sonnedix’s acquisition of 136MWp solar PV portfolio from Qualitas Energy

Sonnedix, the international Renewable Energy Producer (REP), has acquired a 136MWp solar PV portfolio in Spain from Qualitas Energy, a global investment and management...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
- Advertisement -spot_img
error: