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Willkie Farr & Gallagher LLP

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DGAP-News News vom 20.06.2017

Willkie Farr & Gallagher LLP: Willkie advises ARDIAN portfolio company Gantner in the acquisition of Syx Automations

DGAP-News: Willkie Farr & Gallagher LLP / Key word(s): Mergers & Acquisitions/Acquisition

20.06.2017 / 12:44
The issuer is solely responsible for the content of this announcement.

Gantner Electronic Austria Holding GmbH ("Gantner"), a high-tech company specializing in electronic access control, billing and intelligent lock solutions, is acquiring Syx Automations NV ("Syx Automations"), the market leader in the field of ticketing and leisure facility management solutions in the Benelux region.
The deal was completed on June 16, 2017, and was facilitated with the support of Ardian, a leading independent investment company that has been the majority shareholder at Gantner since February 2016. The shares in Syx Automations were acquired from the Sofindev III fund, managed by Sofindev Management SA of Belgium, and the company's own management. Under the leadership of CEO Dirk Syx, current management will remain at the helm while also taking a minority stake in the new group. The parties agreed not to disclose any further details of the transaction.

The strategic and transformational merger of Gantner and Syx Automations creates a globally operating integrated provider of comprehensive access, billing, and management systems for sport facilities, leisure centers, and visitor attractions. The tie-up will enable both companies to tap wide-ranging synergies and to realise their potential for further international growth. Customers will be offered holistic solutions consisting of a wide range of solutions integrated into a uniform software management system. In fiscal 2017, the two companies are expecting aggregate sales revenues of some EUR50m.
The transaction was managed and led by Willkie Farr & Gallagher LLP and advised together with the long-standing relationship firm Binder, covering all aspects under Austrian law.

The Willkie team was led by Dr. Maximilian Schwab (Corporate/ Private Equity, Frankfurt) and included the partners Mario Schmidt (Corporate/Private Equity, Frankfurt), Didier Willermain, Jean-Quentin De Cuyper (both Corporate, Brussels) and Jan Wilms (Finance, Frankfurt) as well as the associates Matthias Schudlo, Andreas Feith (both Corporate/ Private Equity, Frankfurt), Diego Lambrecht (Corporate, Brussels) and Dr. Laura Pfirrmann (Finance, Frankfurt).
The Binder team was led by Thomas Schirmer (Lead Austria) and included Hermann Schneeweiss und Cordelia Klauhs (both M&A).

Willkie Farr & Gallagher LLP is an international law firm, comprising more than 600 attorneys with offices in New York, Washington, Houston, Paris, London, Milan, Rome, Frankfurt and Brussels. The headquarters are in New York, 787 Seventh Avenue, Tel.: 001 212 728 8000.

Frankfurt, June 20, 2017

20.06.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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