PRESS RELEASE
Munich, 7 November 2023
honert provided comprehensive legal and tax advice to the founders of SETEX Schermuly textile computer GmbH and its subsidiaries, headquartered in Mengerskirchen, on the sale of a majority stake to Elvaston Capital Management. On the seller’s side, the M&A process was accompanied by Konzept AG, Regensburg.
SETEX Group is a globally active family business with a market-leading position and stands for automation expertise in textile finishing. Based in Hesse, Germany, the company is a full-service provider of control systems for textile machine manufacturers as well as planning and production software for textile dyeing and finishing companies.
Elvaston Capital Management is an owner-managed investment company specializing in investments in established mid-sized technology and enterprise software companies with market-leading positions.
Both parties have agreed not to disclose details of the transaction.
ADVISORS SELLER-SIDE:
honert (Munich): Dr. Thomas Grädler und Patrick Spalek (both lead; corporate law, M&A; tax law), Veronika Wetlitzky (corporate law, M&A), Arik Widenhorn (corporate law, M&A), Lena Weichselgartner (corporate law, M&A).
M&A-ADVISORS SELLER-SIDE:
Konzept AG (Regensburg): Daniel Jordan, Hendrik Weirauch