NETWORK advises Ardian on the acquisition financing for LIFTKET. NETWORK acted as debt advisor to Ardian in structuring and negotiating the acquisition financing for LIFTKET Group ("LIFTKET"), a leading manufacturer of electric chain hoists.

Transaction

Ardian has acquired a majority stake in LIFTKET, a manufacturer of electric chain hoists for its key verticals Stage, Industry and Renewables. In cooperation with Ardian, LIFTKET aims to accelerate growth in its core markets and drive internationalization. The debt financing was provided by a banking consortium of Commerzbank, Investec, SEB and UniCredit . In addition to Ardian, the management and the existing shareholders with Afinum also reinvested.

Companies

LIFTKET was founded in Wurzen in 1948 and today is a European market leader in electric chain hoists and associated control systems for critical applications. On the company premises near Leipzig, around 300 employees currently develop, produce and sell electric chain hoists for the three business units Stage, Industrial and Renewables as well as tailor-made solutions for niche applications. The group operates internationally and serves over 800 customers worldwide.