• In 1990, Dardel Industries and Kees Verduin (current CEO of MSH) acquired the Dutch company Nieaf-Smitt, which mainly specialised in electromechanical relays. Then in 1996, with a view to expanding its geographical footprint and strengthening its traditional core business, the company acquired the French company Mors. MSH has subsequently become the world leader in designing, producing and marketing electrical systems and components (electromechanical relays) that control, measure and automate electrical processes (brakes, doors, switching systems, signalling, etc). The majority of MSH’s customers are in Europe in the rail and industrial sectors.

• http://www.morssmitt.com

INVOLVMENT OF CAPZANINE IN 2006

• Nature of the deal: secondary LBO

• Capzanine arranged this LBO operation in conjunction with OFI PEC and the management in which it provided equity and mezzanine finance. The sustained growth of MSI’s business, the stability of the railway market and the quality of the management were key attractions for the Capzanine team.


PRESS:
> Capzanine exits Mors Smitt Holding (Capzanine 10/2010)