Deal Announcement 02/20: Industrial Products

05 März, 2020

PwC acted as exclusive financial advisor to the shareholders on the sale of ZIM Flugsitz GmbH, a leading manufacturer of innovative aircraft seats, to AURELIUS Equity Opportunities SE & Co. KGaA.

The Deal

The PwC M&A team is pleased to announce the successful Closing of Project LAGOON, the sale of ZIM Flugsitz GmbH (“ZIM Flugsitz” or “Company”), a German developer and manufacturer of aircraft seats, to AURELIUS Equity Opportunities SE & Co. KGaA (“AURELIUS”). PwC M&A acted as exclusive financial advisor to the shareholders of ZIM Flugsitz on this transaction.

The share purchase agreement for ZIM Flugsitz was signed on 15th December 2019 and the transaction was closed on 28th February 2020.

ZIM Flugsitz GmbH

ZIM Flugsitz is a German developer and manufacturer of aircraft seats serving blue-chip airlines and aircraft manufacturers across the globe. The product portfolio comprises a broad range of innovative, customized, and light weight seats for economy, premium economy and business class. The company was founded in 2008 and is headquartered in Markdorf, Germany.

AURELIUS Equity Opportunities SE & Co. KGaA

AURELIUS Equity Opportunities SE & Co. KGaA represents the listed entity within the AURELIUS Group that focuses on investing in mid-market transaction opportunities in a broad range of industries. AURELIUS Equity Opportunities currently has 22 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 capitalization is around EUR 1.1 billion (as of December 2019).

PwC

The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 250,000 people in 158 countries. Our global network comprises nearly 1,550 M&A professionals all over the world, realising approx. 400 successful transactions per year. We specialise in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatisations as well as structured financing. In Germany, the PwC M&A team has successfully advised on 24 transactions in 2019.

PwC M&A Germany acted as exclusive financial advisor to ZIM Flugsitz GmbH on this transaction. The team comprised Martin Schwarzer (Partner), Wilfried Böckmann (Senior Manager), Florian Sonntag (Manager), Sebastian Teller (Senior Associate), and Luca Hannemann (Associate).

For more information please contact Martin Schwarzer +49 (0) 69 9585-5667 or Florian Sonntag +49 (0) 69 9585-5435.

Contact us

Martin Schwarzer

Martin Schwarzer

Partner, Mergers & Acquisitions Co-Head, PwC Germany

Tel.: +49 69 9585-5667

Dr. Alexander von  Friesen

Dr. Alexander von Friesen

Partner, Mergers & Acquisitions Co-Head, PwC Germany

Tel.: +49 69 9585-5487

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