Munich – LIFTKET Hoffmann GmbH, a platform investment by AFINUM Siebte Beteiligungsgesellschaft mbH & Co. KG, is continuing its international expansion strategy by acquiring Canada-based Hoystek. This acquisition of its current marketing partner in Canada will enable LIFTKET to expand its local presence while further enhancing customer service and boosting product availability in the Canadian market.
Details of the transaction were not disclosed.
A CMS team headed by Dr Oliver Thurn advised AFINUM on all legal aspects of the deal. AFINUM is a longstanding CMS client and relies on the Munich-based team’s expertise on a regular basis, with recent examples being the acquisition of computer systems specialist Keith & Koep and the sale of a stake in communications firm Avantgarde.
LIFTKET Hoffmann GmbH is a platform investment by AFINUM Siebte Beteiligungsgesellschaft mbH & Co. KG. AFINUM acquired the hoist manufacturer, whose products are sold worldwide, at the end of 2016. The group now has more than 350 employees at three sites. It makes customer-specific, high-quality hoists and control units for the Industry, Custom and Stage sectors.
Afinum Management GmbH is an independent management-owned private equity firm with offices in Munich, Zurich and Hong Kong. It specialises in taking stakes in successful mid-market companies in the German-speaking region of Europe.
CMS Germany
Dr Oliver Thurn, Partner
Karen Eldred, Senior Associate, both Corporate/M&A
Press Contact
presse@cms-hs.com
