Constellation successfully sells Copytrend Group to Afinum
Freienbach, 1. January 2014
We are pleased to inform you about the successful sale of the Copytrend Group, a portfolio company of funds advised by Constellation, to Private Equity firm Afinum, based in Munich and Zurich.
Copytrend is a market leading specialised provider of document management services with 11 branches in the German and French speaking parts of Switzerland. Copytrend looks back at a 30-year history and has established itself as a synonym for highest quality, flexibility and a high standard of service. The broad customer base includes leading players of the pharmaceutical, luxury, construction and other industrial sectors.
Constellation acquired the majority of the formerly family owned Copytrend Group in a succession situation. During its implemented buy-&-build approach, Constellation complemented the Group’s organic growth through 2 selected add-on acquisitions to extend both the geographic reach and the focus on the in-house solution business.
Constellation implemented this expansion in close cooperation with the Copytrends management leading to substantial growth. Today, the Copytrend Group is the largest independent service company for document management and scanning services in Switzerland.
The sale to Afinum represents for Constellation a very successful exit resulting in an above average multiple on the capital invested for our investors.