Patrimonium provides acquisition financing for the carve-out of the EMEA business of Landis+Gyr by AURELIUS
Patrimonium Middle Market Debt Fund, a private credit fund managed by Patrimonium Asset Management AG (“Patrimonium”) focused on financing middle-market companies, has provided acquisition financing for the carve-out of the EMEA business of the publicly listed Landis+Gyr Group AG (“Landis+Gyr EMEA”) by funds managed by AURELIUS. The transaction values the business at an enterprise value of USD 215 million.
Landis+Gyr EMEA is the leading European provider of (smart) metering solutions for electricity, gas and thermal applications, complemented by a comprehensive portfolio of related software and service solutions. The company is headquartered in Switzerland and maintains a strong operational footprint across Europe.
Moritz Frerker, Managing Director Private Credit and Head of Direct Lending at Patrimonium, says: “Landis+Gyr EMEA is a key player in its industry and AURELIUS is a renowned specialist for more complex investments such as carve-outs. We are therefore delighted to support AURELIUS in this transaction and to contribute to the future development of Landis+Gyr EMEA.”
Christopher Grünberg, Managing Director Debt Financing and Capital Markets at AURELIUS: “Patrimonium provided a tailored financing solution that fits the specific needs of this carve-out. We greatly appreciated the open, pragmatic and trust-based cooperation and look forward to working together again on future transactions”.
AURELIUS is a global private equity investor, distinguished and widely recognised for its operational approach. Its key investment platforms include AURELIUS Opportunities V, AURELIUS European Op-portunities IV, AUR Portfolio III and AURELIUS Growth (Wachstumskapital). AURELIUS has been growing significantly in recent years, especially expanding its global footprint, and today employs more than 400 professionals in 9 offices spanning Europe and North America.
Patrimonium was advised by Ashurst LLP (Dr. Tobias Krug, Sabrina Bremer and Christopher Clerihew). Aurelius was advised by, inter alia, Goodwin Procter LLP (Winfried M. Carli and Marius Garnatz Maskus).
Patrimonium Middle Market Debt Fund
Patrimonium Middle Market Debt Fund (“PMMDF”) is an alternative investment fund (AIF) under Luxembourg law that is established as an investment company with variable capital – specialized investment fund (SICAV-SIF) in the form of a Luxembourg société en commandite par actions (SCA) and consists of several sub-funds (“compartments”) that are managed independently of each other. The PMMDF and its compartments are only accessible to investors who qualify as professional clients.
The Managing General Partner is Patrimonium Middle Market S.à r.l., 8 rue Lou Hemmer, L-1748 Senningerberg. The management company/AIFM is Waystone Management Company (Lux) S.A., 19 rue de Bitbourg, L-1273 Luxembourg. The portfolio manager of the compartments is Patrimonium Asset Management AG, Baar (Switzerland).
The prospectus, the latest annual report and other documents relating to the PMMDF can be obtained free of charge on request from the management company/AIFM in Luxembourg and from the representative in Switzerland.
Representative in Switzerland is Acolin Fund Services AG, Cours de Rive 6, 1204 Geneva. Paying Agent in Switzerland is Banque Cantonale de Genève, 17 Quai de l’Ile, 1208 Geneva.
Patrimonium Asset Management AG
Patrimonium Asset Management AG is a FINMA-authorized asset management company specializing in private markets. Patrimonium offers qualified investors investment opportunities across real estate, private credit, private equity, and infrastructure.
The company is distinguished by a sustainable investment approach and manages over CHF 5 billion in assets with a team of 70 professionals (as of 12.2025).www.patrimonium.ch