Clearwater International acted as sole financial adviser to Cross and PINOVA Capital on the acquisition of Rademacher Holding GmbH from NORD Holding Unternehmensbeteiligungsgesellschaft GmbH.
Rademacher is a leading manufacturer of proprietary radio-based home automation systems. Its shutters, blinds, awnings, lights and other electrical devices can be operated from anywhere in the world via the internet, using a smartphone or tablet computer. Rademacher employs some 160 staff across two production sites in Rhede and Dresden, generating annual sales of approximately €30m.
Cross is a private equity firm with a focus on sustainable development of mid-sized companies in Switzerland, Germany and Austria, through equity capital, industrial expertise and an extensive relationship network.
PINOVA Capital is an independent investment company specialising in equity financing for small and medium-sized companies in Germany, Austria and Switzerland, investing via minority and majority shareholdings in fast-growing engineering companies and service providers.
Together with Cross and PINOVA Capital, Rademacher will further focus on its growth strategy by marketing its proprietary home automation system HomePilot, developing new products and expanding the business geographically.
Clearwater International, led by partner Axel Oltmann, advised Cross and PINOVA Capital.