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Saranac announces private capital transaction with Eisvogel
Saranac Partners Limited assisted Eisvogel Group AG (Eisvogel) by securing equity co-investment for the acquisition of Prisma Group (Prisma), an Italian designer and manufacturer of industrial automation solutions.
Christophe Jungels-Winkler, Director at Eisvogel, said: “Saranac provided Eisvogel with access to its client base of ultra-high net worth individuals and families enabling us to secure likeminded long term equity co-investors, outside the institutional investor segment. We look forward to working with Saranac again on future transactions.”
Robert Crowter-Jones, Head of Private Capital at Saranac Partners, said: “Helping our clients to find high quality growth capital investments is our core focus within our private capital proposition and we were delighted to be able to work with Eisvogel to find the right co-investors for their acquisition of a really exciting business in Prisma”.
Eisvogel (www.eisvogelgroup.com) is a specialist industrials investor based in Zurich, led by Christophe Jungels-Winkler. It invests in family and manager-owned high specification industrial businesses in the quickly growing markets, driven by five core macro trends: Industry 4.0, Urbanisation, Scarcity of resources, Social and Demographic change and internet of things. It typically looks for businesses in the UK, Germany, Switzerland, Austria or Northern Italy.
About Saranac Partners
Saranac Partners is an independent wealth management firm based in London. The firm was launched in late 2016 with a differentiated approach to wealth management for Ultra High Net Worth individuals and families. With a concentrated client base, advised via an extensive and sophisticated wealth management infrastructure, Saranac provides the service of a family office with the reach and capability of an institution.
Prisma (www.prismagroup.it) designs and manufactures machinery used for industrial automation. It offers control systems with smart analytics used by companies to digitalise their production systems. The company has tripled in size in the last three years, increasing sales to €20m and expects to continue to grow substantially over the next few years.