Patrimonium Private Debt provides acquisition financing for Equistone portfolio company: Sihl Group acquires Dietzgen Corporation.
Patrimonium Middle Market Debt Fund, a private debt fund of Patrimonium Asset Management AG (“Patrimonium”) focused on middle market companies, has provided acquisition financing to Sihl Group, an Equistone portfolio company, for the acquisition of US-based Dietzgen Corporation (“Dietzgen”).
Sihl Group, headquartered in Ostermundigen / Switzerland, has been part of the portfolio of funds advised by Equistone Partners Europe (“Equistone”) since 2016 and specialises in the coating and finishing of papers, films and fabrics for an international customer base. Sihl has a history of more than one hundred years and employs approximately 350 people at locations in Switzerland, Germany and the US. The acquisition of Dietzgen represents an important milestone in the strategic development of the Sihl Group and is the first acquisition since Equistone’s investment
Dietzgen is a well-known provider of converting and distribution services for digital print media such as papers, films and textiles with six locations in the US. The acquisition of the privately held company, which was founded in 1989, will significantly expand Sihl Group’s position in the US market. Dietzgen has an extensive dealer network and is known for just-in-time deliveries nationwide thanks to six particularly conveniently located sites. The company is well established in the US market with its well-known media brands (CAD and repro applications), Magic (signage), Museo (photo and fine art) and Validation (proof).
Equistone is one of Europe’s leading equity investors with a team of more than 40 investment specialists in seven offices in Germany, Switzerland, the Netherlands, France and the UK.
(Image: Sihl Group)