Avedon Capital Partners sells Seebach to strategic buyer Smiths Group

Avedon Capital Partners, together with management and its co-investors has sold Seebach, the Germany based provider of metallic filtration solutions to John crane, a division of UK-based Smiths Group plc.

Seebach is a leading supplier of bespoke, highly engineered, premium quality filtration solutions, including both full systems and replacement filter elements, for critical applications particularly in the polymer and oil & gas markets. The Company’s headquarters and main production facility are located in Vellmar, Germany. Seebach operates an additional production plant in Pune, India. The company employs c. 110 staff.

Avedon and its co-investors acquired Seebach in 2012. Together with management, Avedon supported the company in its successful transition from a small family-owned business into a professional organisation with global reach, while further strengthening its reputation as innovation leader in its segment. Particularly in the Polymer segment Seebach has brought innovative solutions to market and shown substantial growth in recent years.

On behalf of Avedon Capital Partners, Hannes Hinteregger comments: “The management team has done a great job of building on Seebach’s attractive business model in executing our mutual strategy, which has put the company on a tremendous growth track in recent years. We are positive that with access to Smiths Group’s distribution network, Seebach is bound to realize its untapped potential.”

About Smiths Group / John Crane
Smiths Group is a global technology company listed on the London Stock Exchange. A world leader in the practical application of advanced technologies, Smiths Group delivers products and services for the medical technology, security & defence, general industrial, oil & gas, and space & aerospace markets worldwide. John Crane, a subsidiary of Smiths Group, is a global leader in rotating equipment solutions, supplying engineered technologies and services to process industries. The company designs and manufactures a variety of products including mechanical seals and systems, couplings, filtration systems and predictive digital monitoring technologies. John Crane customer service is accessed through a global network of more than 200 sales and service facilities in over 50 countries. www.smiths.com

About Avedon Capital Partners
Avedon is a leading lower mid-market private equity firm in Germany and the Benelux, providing capital in partnership with strong founder/owners or management teams that have distinctive and ambitious growth plans requiring a step change. The Avedon team is located in Düsseldorf (GER) and Amsterdam (NL) with managed assets of more than €500 million. Through dedicated sector teams, Avedon seeks opportunities in niches within four sectors: i) Software & Technology, ii) Business services, iii) Industrials & Engineering, and iv) Consumer products & Leisure. Throughout the cycles the team has supported 23 growth companies in the fields of strategy, sales growth, human capital, operational improvement and has achieved a strong track record of growth.

For further inquiries, please contact:
Hannes Hinteregger,
Partner, hannes.hinteregger@avedoncapital.com, +49 211 5988901

Ben von Schulz,
Investment Manager, benjamin.vonschulz@avedoncapital.com, +49 211 5988903