Successful Deals with PwC: Acquisition of SCHURTER Group by Capvis

PwC’s Corporate Finance team is pleased to announce the acquisition of SCHURTER Group (“SCHURTER”), a producer of components for ensuring the clean and safe supply of power, input systems and sophisticated integrated electronic solutions, by Swiss investor Capvis (“Capvis”). PwC supported Capvis as lead advisor and provided buy-side financial, pensions, and tax due diligence services, as well as tax structuring advice.

Based in Lucerne, Switzerland, with a total of 20 subsidiaries in 17 countries, 2,200 employees and revenues of c. CHF 330 million in 2022, SCHURTER is a leading Swiss technology company ensuring clean and safe supply of power, ease of use and sophisticated overall solutions. As a leading innovator, SCHURTER manufactures and distributes components for circuit protection, as well as connectors, switches and EMC products. In close cooperation with the customers, input systems are developed and manufactured. SCHURTER also offers services for the electronics industry in the field of printed circuit board assembly. The business unit Solutions coordinates complete solutions from project planning to the manufacture of end products.

Capvis is a Swiss private equity investor. As the exclusive Capvis fund adviser, Capvis AG primarily acquires majority stakes in leading medium-sized technological firms in Switzerland, Germany, and Austria. Its activity is founded on its longstanding experience in creating local and global market leaders in the fields of healthcare, industrial technology, and advanced services & software. Entrepreneurial cooperation with strong management teams ensures that the potential of companies is developed to the full while creating long-term values. Since 1990, Capvis has completed 62 transactions representing a total investment of EUR c. 4 billion. Capvis has floated ten companies on the stock exchange and has been voted best investment company in Switzerland by the international specialist press on several occasions.

The transaction was announced on January 9, 2023, and is expected to be completed in spring 2023, following the necessary (European) regulatory approval process.

The PwC team

Corporate Finance Switzerland

Sascha Beer (Partner)
Michael Huber (Director)
Martin Muenzberg (Manager)
Daniel Ammann (Associate)
Kay Probst (Associate)
Robin Sutter (Associate)
Emilie Texier (Associate)

Financial due diligence

Nico Psarras (Partner)
Devinder Singh (Director)
Maria Kashina (Manager)

Pensions due diligence

Adrian Jones (Partner)
Ester Lamerikx (Senior Manager)
David Stonebanks (Manager)

Tax due diligence / tax structuring

Juerg Niederbacher (Partner)
Gabriel Neukomm (Director)