Argos Wityu announces the divestment of BMF Group (Bartholet Ropeways) to Cedarlake Private Equity

Argos Wityu announces the divestment of BMF Group (Bartholet Ropeways) to Cedarlake Private Equity

Argos Wityu announces the divestment of BMF Group (Bartholet Ropeways) to Cedarlake Private Equity  green_squares


Geneva / Flums, Switzerland, 25 October 2017

The transaction is the exit of the worldwide no 3 ropeways business. And the penultimate exit from Argos Wityu’s 2006 fund.
Argos Wityu announces the divestment of BMF Group AG, the world’s third largest ropeway manufacturer to Cedarlake Private Equity Fund I, advised by Rantum Capital.

The founding family Bartholet will remain invested and chairman Roland Bartholet will continue to strive for growth with his new financial partner. A strategic objective of the transaction was to enable the company to enhance further its strategic development in China and other strongly growing regions in Asia.
BMF: growth, innovation and transformation since 2011
The funds advised by Argos Wityu invested in BMF along the founding family in September 2011. Under the funds’ ownership, the group has seen strong
development, and achieved significant growth, fuelled by focussing on key segments of the business, strong innovation in ropeways and a continuous market expansion.
“While maintaining its strong fundamentals, and in particular its focus on high-quality products, BMF also significantly transformed since 2011”, Guy Semmens, partner at
Argos Wityu, says. “Over the last 6 years we have built a strong management team around Roland Bartholet and made important investments in innovation, product development and market expansion to foster growth. The company’s position today will allow the new owner to benefit further from the strong growth opportunities in Asia and Urban Transport”. As an illustration of the success of this development and transformation, the group’s sales will have almost doubled by the end of 2017 compared to 2011.The terms of the transaction were not disclosed.

Argos Wityu:
Guy Semmens, Frank Hermann, Cédric Perlet

Advisors
Sellers
– M&A: Alantra (Martin Menzi, Ralf Herrmann, Franck Portais, Florian
Touchard)
– Legal: Baker & McKenzie (Martin Anderson, Jingjin Guo)

Buyers

–  Financial and Tax Due diligence: PwC (Jürg Niederbacher, Nico Psarras,
Celine Jundt, Patrick Amstutz)
– Market: Androschin (Norbert Rauh)
– Legal: Vischer (Robert Bernet, Peter Kühn)

About BMF Group
BMF, headquartered in Flums, Switzerland, is a leading international engineering and production company active in the fields of aerial cableway systems, hi-tech aerial
passenger transport systems, amusement park facilities, as well as mechanical engineering and metal processing. Founded 55 years ago by the family Bartholet, the
company has developed very specific core competences in the engineering and production of rope-based transport systems and is today the third largest ropeway
manufacturer and employees more than 320 people.
Contact Argos Wityu: Guy Semmens or Cédric Perlet +41 22 849 66 33

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