- Superior “Swiss made” ropeway transportation technology for new ski resorts and “Smart Cities” in Asia
- Growth in China due to Winter Olympics 2022 as well as growing demand for ropeway transportation systems in overcrowded cities (Urban Transportation)
- Founding family and experienced management team remain on board
Frankfurt. Rantum Capital advised Cedarlake Private Equity Fund I on the acquisition of a majority share in the Swiss BMF Group AG (“BMF Group”), headquartered in Flums (Switzerland, canton St. Gallen). The founding family Bartholet remains minority shareholder, while Roland Bartholet continues to play an active leadership role as chairman of the company. Primary investment objective is to support the BMF Group with its expansion in China and Asia. The new markets offer high growth potential in the development of new ski resorts as well as in the installation of ropeway systems to optimize pedestrian traffic in overcrowded cities and as substitutes for bridges. The parties agreed not to disclose details on the terms of the transaction.
BMF Group is renowned globally for its highest quality standards and innovative solutions in the ropeway transportation business. Over 320 employees currently operate three state-of-the-art production facilities in Switzerland. For over 50 years, the BMF Group has gained an excellent reputation as Swiss quality (“Swiss made”) with respect to security and precision.
In recent years, BMF Group has grown sustainably mainly through product portfolio expansion. The upcoming Winter Olympics in South Korea in 2018 and China in 2022 as well as the intention of the Chinese Government to grow skiing to a popular sport is expected to generate further growth. In addition, Asian and South American markets show increasing interest in the use of ropeways as an alternative to conventional public transportation systems in congested cities. In contrast to established systems, ropeway transportation represents a comparably low-cost solution coupled with high environmental friendliness, security, efficiency, and a flexible integration into existing urban infrastructure.
“We are very glad having found with Cedarlake a strong and reliable financial partner that can sustainably support the development of our business in China and Asia with its unique networks on the ground”, says Roland Bartholet, Chairman of the Board of Directors. “The entire management team is excited about writing a new chapter in the company’s history in true partnership.”
Rantum Capital was founded in 2013 on the initiative of leading investment executives, Mittelstand entrepreneurs and large cap corporate executives with aim of supporting Mittelstand companies in Germany, Austria and Switzerland with capital, experience and networks. Rantum Capital is the umbrella brand for Rantum Capital Management GmbH (debt activities) and Rantum Advisors GmbH (equity activities).
Together with its joint-venture partner Cedarlake Capital, Rantum advises Cedarlake Private Equity Fund I with a focus on SME businesses in the DACH region that operate business models with significant growth potential in China and Asia. The Cedarlake Fund started its investment activities in mid-2016 and focuses on the acquisition of majority and in certain situations as well of minority equity stakes.
Cedarlake operates offices in Shanghai and Hongkong, and is managed by the former CEO of Morgan Stanley China, who provides in depth knowledge of the Asian markets as well as extensive networks to support portfolio companies locally.
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