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PwC Corporate Finance advises AURELIUS Equity Opportunities SE & Co. KGaA in the acquisition of electronic components businesses Distrelec and Nedis from Dätwyler Group.
A team of PwC Switzerland led by Sascha Beer and Marco Tremonte acted as lead advisor to AURELIUS in the acquisition of Distrelec and Nedis businesses from Dätwyler Group. With a total of about 850 employees the acquired business units generate annual revenues of approximately CHF 300 million. The parties agreed not to disclose the purchase price and the transaction is expected to close in the first quarter of 2020.
Distrelec, headquartered in Manchester (UK) and Nänikon (CH), is a leading B2B distributor of electronic and technical components with approximately 600 employees. Beyond its main markets of Switzerland and Sweden, the company also has a strong market presence in 15 European countries. Its product portfolio has a significant focus on MRO components and targets B2B customers.
Nedis, headquartered in s’Hertogenbosch (NL) is a wholesaler for electronic products. With approximately 250 employees, Nedis is a leading wholesaler of electronic products marketed under the Nedis brand especially in the Netherlands, France and Scandinavia. The company has already been operationally realigned in the past by several initiatives, amongst them a complete rebranding in 2018. This strategy shall be continued to further position Nedis as a successful category manager in the European market.
AURELIUS will support the acquired businesses, both financially and operationally to ensure a seamless transition after the carve-out from Dätwyler Group.
AURELIUS Group is a pan-European investment group with offices in Munich, London, Stockholm, Madrid and Amsterdam. Since it was founded in 2006, AURELIUS has grown from a local turnaround investor to an international multi-asset manager.
AURELIUS Equity Opportunities SE & Co. KGaA is the listed entity within AURELIUS Group and focuses on investing in mid-market corporate carve-outs and platform build-ups in a broad range of industries. With a team of more than 80 in-house operations experts, AURELIUS actively supports its portfolio companies in their long-term development. AURELIUS Equity Opportunities currently has 23 portfolio companies located across Europe which employ around 13,000 people and generate annual revenues of approx. EUR 3.5 billion. The shares of AURELIUS Equity Opportunities are traded on all German stock exchanges. The company’s market capitalisation is approx. EUR 1.1 billion (as of December 2019).
