AURELIUS Equity Opportunities successfully closes acquisition of ZIM Flugsitz GmbH

02.03.2020

AURELIUS Equity Opportunities successfully closes acquisition of ZIM Flugsitz GmbH

Mid-market manufacturer of economy and premium economy aircraft seats with a good market position in a growing market environment

Long-term order backlog and very good demand

Munich, March 2, 2020 – AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) has acquired a majority stake in ZIM Flugsitz GmbH, based in Markdorf on Lake Constance, from the Zimmermann founding family. The transaction closed on February 28, 2020. ZIM Flugsitz is a well-established supplier of high-quality seats for commercial passenger aircraft. ZIM Flugsitz was founded in 2008 by the Zimmermann married couple of engineers, who will continue to be invested in the company and serve in its management. The company has logged steady growth since it was founded. With around 210 employees at its headquarters in Markdorf and a production facility in Schwerin (Mecklenburg-Western Pomerania), the company currently generates revenues of around EUR 55 million per year.

Long-term growth trend in the market for aircraft seats: very good order backlog and demand for the products of ZIM Flugsitz

With a development department recognized across the industry and an innovative, high-quality product portfolio especially for the economy and premium economy classes, ZIM Flugsitz is well positioned to benefit from the long-term growth trend in the market for aircraft seats. The company’s customers include many international airlines such as Lufthansa, Singapore Airlines, Japan Airlines and ANA. Thanks in particular to its expertise in the fast-growing market segment of premium economy aircraft seats, the company has a very good, long-term order backlog.

 

AURELIUS was advised on the transaction by Seabury Capital (M&A), Ebner Stolz (financial due diligence) and Oppenhoff & Rädler (tax due diligence).