Shearman & Sterling advised CAPZA as lender on the unitranche financing for the acquisition of MDT technologies (MDT), a leading German manufacturer of building automation products based on the KNX standard, by IK Investment Partners.
MDT, headquartered in Engelskirchen, Germany, was founded 25 years ago. Having entered the KNX market in 2009, MDT has become a leading manufacturer of smart building components, enabling the automation and control of multiple functions including heating, ventilation and lighting in both residential and commercial buildings. MDT offers a full range of innovative KNX components distributed mainly through electrical wholesalers in Germany. The attractive end-customer proposition has helped MDT to continuously outgrow the market and become one of the leaders in the KNX-field.
CAPZA is an asset management company focused on private investments in European small and medium-sized companies. With more than 50 employees in Paris, Munich and Madrid, CAPZA Group manages assets of more than €3 billion for international institutional investors.