Avela Capital Advisors and Deloitte Corporate Finance Advisory acted as lead financial advisors to Paragon Partners on the divestment of Condecta to Swiss Life Asset Managers

About the transaction

Avela Capital Advisors (“Avela”) together with Deloitte Corporate Finance Advisory (“Deloitte”) successfully advised Paragon Partners on the sale of Condecta to Swiss Life Asset Managers.

The Avela team was headed by Stephan Brücher (Managing Partner/CEO) and complemented by Lutfi Sadiku (Vice President) and Aaron Conrad (Analyst).
The Deloitte team was led by Moritz Freiherr Schenck (Managing Director) and Götz Grundmann (Managing Director) who were supported by David Schmitt (Director), Kristian Predojevic (Assistant Director) and Mika Stockhaus (Analyst).

Condecta, founded in 1959 and headquartered in Winterthur, is the market leader for modular systems in Switzerland. Over the years, Condecta has developed from a diversified construction equipment rental company into the undisputed market leader for modular systems in Switzerland. The company employs 220 individuals and has a nationwide network of 14 locations in Switzerland and additional locations in Germany and Italy. Condecta's current range of products and services includes the sale and rental of modular space systems, sanitary systems, water protection systems and equipment for the construction industry.

Swiss Life Asset Managers is an ambitious and reliable asset manager and a leading specialist in real estate investments with offices in Switzerland, France, Germany, Luxembourg, the UK, Italy and the Nordic countries. The Real Assets segment, which includes real estate and infrastructure, manages approximately CHF 117.5 billion in assets. Founded in 2011, Swiss Life Asset Managers' infrastructure equity platform manages over EUR 10 billion for its clients and partners. The team consists of 65 investment professionals with an average of more than 20 years of senior-level industry experience. The platform has invested in 75 infrastructure assets across 15 investment solutions in the energy, communications, transport, regulated utilities, social infrastructure and renewable energy sectors.

During the transaction, Avela and Deloitte demonstrated best-in-class execution capabilities, guaranteeing a swift and efficient process. The transaction was signed in August 2024.

About Paragon Partners

Paragon is an independent private equity firm that stands for sustainable investments in mid-sized companies since its foundation in 2004. Paragon currently manages a total of EUR 2.4 billion in equity capital. The investors include institutional organizations, such as life insurance companies, pension funds and university foundations, as well as the Paragon team.

About Avela Capital Advisors

Avela Capital Advisors is a Swiss-based M&A boutique dedicated to supporting mid-market companies, entrepreneurs, families, and private equity investors. Its expertise spans M&A transactions and capital advisory, ensuring clients receive top-tier guidance and advice.

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