|W. Schneider+Co AG, Swiss market leader in the mirrored cabinets business, has been acquired by Swiss entrepreneurs as of a long-term succession plan.|
Private Investor Group
|Target Company Name||W. Schneider+Co AG|
|Buyer Name / MBO Team / MBI Team||Private Investor Group|
The future of the traditional business of W. Schneider+Co AG (the Swiss market leader in the mirrored cabinets segment) is being secured by Swiss entrepreneurs within the framework of a long-term succession plan.
As part of a succession planning exercise, Herbert Schneider (67), owner of W. Schneider+Co AG, has sold the company to a private Swiss investor group, which will continue to run W. Schneider+Co AG independently under its existing name. The entire workforce of approximately 100 people at Langnau am Albis, Flums and Laufenburg (Germany), will continue to be employed. The transfer is effective from August 7, 2014.
Vaccani, Zweig & Associate's Role
VZ&A led the acquisition and supported the transaction process as exclusive M&A advisors. VZ&A prepared all necessary documentation, coordinated all due diligence activities and led the negotiations on behalf of the seller.
|ICFG Office||Zurich: A. Vaccani & Partners, Switzerland|
|ICFG Advisory||ICFG Zurich supported the seller in 2014.|