Renzenbrink & Partner advises the owners of Sauter Federn on the sale to Pinova Capital and their re-investment

Renzenbrink & Partner has advised the owners of Heinrich Sauter Fabrik technischer Federn GmbH (“Sauter Federn”), one of the leading German manufacturers of customized mechanical springs for the automotive, medical technology and household industries, on the sale to Pinova Capital Partners (“Pinova Capital”). The three Sauter brothers, descendants of the company’s founder, have re-invested substantially in the acquisition company and will continue to act as managing directors.

This sale enables the Sauter family to create an organized succession plan at an early stage and at the same time to promote further growth of the company with the support of a third party. Pinova Capital is an independent private equity firm focused on innovative, technology-driven and high-growth SMEs in the German-speaking region. The parties intend to further diversify and internationalize Sauter Federn.

Since its foundation in 1934, Sauter Federn has been a family business that is currently managed by the third generation. Based in the Black Forest, the company produced over 800 million springs in 2017, making it one of the leading manufacturers of customized springs for special applications. The company serves blue-chip customers in sectors such as the automotive industry, medical technology and the household appliance industry. In addition to complex bent components, mechanical springs and product assembly, Sauter Federn also offers services such as the development of application concepts, prototype development, batch packaging and support with the installation and use of products.

Renzenbrink & Partner advised the three Sauter brothers comprehensively on all aspects of the sale and the re-investment. The Renzenbrink & Partner team consisted of Dr. Ulf Renzenbrink, Dr. Andreas Stoll and Martin Degenhard (all Private Equity/M&A).