03-08-2024News

HEUKING advises FairCap on its sale of EXPROTEC after successful transformation

A HEUKING team led by Benedikt Raisch, Salaried Partner, legally advised FairCap GmbH on its sale of EXPROTEC.

FairCap has signed an agreement for the sale of EXPROTEC to Tiefenbach Control Systems (“TCS”). TCS is backed by investors advised by Family Trust. The transaction has already closed.

Based in Tychy (Poland), EXPROTEC specializes in the development, manufacture, and sale of explosion-protected electronic devices for hazardous environments. Following the carve-out from Bartec group in 2021, FairCap has initiated a comprehensive transformation program aimed at further diversifying end markets and sales growth. In addition, it successfully implemented corporate rebranding and the establishment of an independent IT infrastructure. As a result of the transformation initiative, EXPROTEC was able to achieve significant growth in revenue and profitability under FairCap’s ownership.

Tiefenbach Control Systems is a leading developer and manufacturer of electrohydraulic systems, sensors, and control software for machine and plant engineering.

FairCap GmbH is an entrepreneurial investment firm, which acquires medium-sized companies in special situations (such as carve-out or succession) and develops them holistically into sustainable, healthy organizations. In contrast to typical PE funds, FairCap is a long-term investment holding firm, which is therefore not subject to any fund terms and is able to hold investments for the long term. Sustainability is a core element of FairCap’s investment philosophy.

FairCap works with HEUKING and Benedikt Raisch on a regular basis.