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M&A transaction

Helvetic Trust advised a minority investor on the takeover of a global leader of industrial plastic hose manufacturing.


Helvetic Trust AG is increasing its M&A activities in the DACH region. As an advisor to a co-investor, the company and Nalka are taking over the Norres | Baggerman Group – a leading global manufacturer of industrial plastic hoses – as a minority investor.

Zurich, Switzerland – In the first half of this year, we, Helvetic Trust AG, as an advisor to Moyreal Holding AG, completed our first transaction as co-investor with Nalka DACH Investments SA SICAF-RAIF (‘Nalka’). Nalka signed an agreement to acquire the Norres | Baggerman Group (‘Norres Baggerman’) – a leading manufacturer of industrial plastic hoses in Europe – from Triton Smaller Mid-Cap Fund I (‘Triton’), which is advised by Triton.

Read the full announcement here:

Under Triton’s ownership, Norres Baggerman has become a European leader in the manufacture and technical installation of industrial hose systems. The company serves a range of industries such as agriculture, food, pharmaceuticals, plastics, wood processing, robotics, fluid applications and energy technology as core markets.

The company employs around 400 people and is represented around the world in Europe, the US and Asia with its six production facilities and 15 sales offices. Its global production network is a significant competitive advantage as it provides customers with consistently high quality and product availability on a global scale.

Triton acquired Norres Baggerman in 2018 with the aim of growing the company to become a global leader by accelerating its general growth and supporting its internationalisation efforts and growth to become a systems provider. During Triton’s period of ownership, NORRES completed three acquisitions, generated organic annual growth of approximately 10% and increased its turnover by more than 170% to well over EUR 100 million. The company also introduced a clearly defined framework to improve its ESG capabilities.

About the Norres Baggerman Group

Founded in 1889, Norres focuses on the development, production and distribution of branded industrial hoses for the pneumatic delivery of various media (e.g. solids, gases or liquids) for a range of end markets (e.g. smoke and dust extraction, agriculture, food and pharmaceuticals, plastics and wood processing). The company is headquartered in Gelsenkirchen, Germany, and employs around 400 people in six production facilities (DE, CN, US, IT [2], CH) and 15 sales and warehouse locations (CZ, FR, PL, SWE, TW, UK, NL, CH, IT [2], US, HU, RU, DE). More information: www.norres.com

About Nalka

Nalka is an investment company that invests in market-leading small and medium-sized companies in Nordic countries and the DACH region.* Nalka has offices in Stockholm and Munich and grows independent, competitive and sustainable companies that are profitable in the long term through dedication and collaboration. Since it was founded, Nalka has acquired 28 companies in various industries. Its current portfolio consists of 10 companies with total turnover of over EUR 2 billion. Read more at www.nalka.com

Nalka is part of Interogo Holding, a foundation-owned investment group based in Switzerland. Interogo Holding’s investment strategies include private and long-term equity, real estate, infrastructure and cash, where Nalka is part of the private equity strategy. Read more at www.interogoholding.com

*Investments in the DACH region are made by Nalka DACH Investments SA SICAF-RAIF, which is managed by Inter Fund Management and advised by Nalka Advisors Germany.

About Moyreal Holding AG

Moyreal Holding AG is based in Kägiswil, Obwalden. It is fully Swiss-owned. The holding company has various holdings and investments in the healthcare sector, in start-ups and in the education sector and is the umbrella over Moyreal Immobilien AG and the Moyglare Stud Ltd. stud farm in Ireland.

Eva-Maria Bucher-Haefner is the sole shareholder of Moyreal Holding AG. Her children Chiara Bucher and Mischa Bucher are on the board of directors, as is Kaspar Grob, who serves as a delegate to the board of directors.

The holding company as a whole is supported by Eva-Maria Bucher-Haefner’s vision of helping people with their quality of life. Three guiding values determine the direction of Moyreal Holding AG: vision, innovation and tradition.

About Helvetic Trust AG

Helvetic Trust was founded in 2001 and is a legally and financially independent, owner-managed company.

Helvetic Trust AG sees itself as a financial services provider that thinks and acts with the long term in mind, with clear strengths in the areas of wealth management, asset management, family office services, direct M&A transactions, venture investments and real estate.