Baar-Zug, 17 July 2012
Partners Group and Capvis concluded an agreement to sell Bartec to Charterhouse Group. Bartec, which has been founded in Germany in 1975, is a leading global provider of high-quality industrial safety technology for applications in explosion-hazardous areas with production sites in Germany, Switzerland, Slovenia and China. The firm is expected to further benefit from fast growing need for upstream and downstream process infrastructure to handle ever increasing global energy demand.
Walter Keller, chairman of the private equity directs investment committee who represented Partners Group's clients on the Board of Directors of Bartec, comments "We are delighted to have been able to contribute to key initiatives to fully exploit the growth potential of Bartec. Over the last years, we leveraged our global network to help develop new client relationships and identify suitable acquisition targets. Our extensive industry experience supported the set-up of a new sales organization in China and to strengthen the firm's positioning in the fast growing region of the Middle East."