SANBORN, a key supplier of precision components and specialized parts for the power generation, oil & gas and transportation industry changes ownership. Genesis Private Equity Fund III (GPEF III) from the established private equity group Genesis Capital, sold its majority ownership stake in the company to Oriens.
Sanborn manufactures and supplies critical components for the world’s leading manufacturers of generators and turbines, energy companies and transportation, mainly from special steel alloys. The key clients of the company are leading international industrial conglomerates such as GE, Siemens, Wabtec, Technip FMC, and OneSubsea. In 2023, the company expects revenues over CZK 650 million.
GPEF III, together with a minority co-investor MaeG investment SICAV, acquired SANBORN in 2017 from two private owners in a management succession motivated buy-in. GPEF III also brought in the current top management team. During the six-year period, SANBORN reaffirmed and strengthened its market position as a strategic supplier for its major clients and doubled its turnover and EBITDA. After having achieved their original investment goals and horizon, the investors are now jointly exiting the company.
Radan Hanzl, Partner at Genesis Capital Equity responsible for the project, said: “The exit from SANBORN marks another success within one of our focus industries - light and medium manufacturing. Special thanks go to the exceptionally capable SANBORN’s top management team, which was able to bring the company to a double-size level in a period of several years. I am confident that Oriens as the new owner will further build on this positive trajectory.”
“For our fund MaeG, SANBORN was our first investment and is also our first exit. I am convinced that such a successful investment was a good example of perfect cooperation between the company´s owners and its management, including open, flexible and frequent communication”, added Petr Kymlička, representative of MaeG Investment SICAV on SANBORN supervisory board.
Ivan Dzido, the Chairman of the Board of Directors and CEO of SANBORN, added: “During the past years in SANBORN, we significantly increased productivity, broadened the range of delivered parts, strengthened our position with existing clients, as well as added new clients. All these steps have contributed to our success and current status as a significant strategic supplier. We look forward to cooperation with Oriens on further development of our company.“
Commenting on the acquisition, Krisztián Orbán, Managing Partner of Oriens, stated: “SANBORN is a great company with clear competence in specialized machining and a blue-chip client base. Our objective is to further enhance its capabilities and capacity both organically and through acquisitions and expand collaboration with both existing and new customers.”
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About SANBORN
SANBORN manufactures and supplies critical components for the world’s leading manufacturers of generators and turbines, energy companies and transportation, mainly from special steel alloys. The key clients of the company are leading international industrial conglomerates such as GE, Siemens, Wabtec, Technip FMC, and OneSubsea. For all its clients the company operates as a long-term certified supplier, in many cases as a significant strategic supplier. The parts produced by Sanborn are exported to many countries around the world. Approximately 70% of production is exported to Europe, 25% to North and South America, and the remaining volumes go to the rest of the world. The company is located in Velké Meziříčí and employs 200 people. In 2023, the company expects revenues over CZK 650 million.
For more information, please visit: https://www.sanborn.cz/en/
About Oriens
Oriens is an independent privately-owned industrial holding focusing on private equity investments in the Czech Republic, Poland, Germany, Hungary and Slovakia.
For more information, please visit: https://oriensim.com/
About Genesis Capital
Genesis Capital is a private equity group offering growth and development financing to small and medium-sized companies in Central Europe. Since its foundation in 1999, Genesis Capital has advised six private equity funds with a total volume exceeding EUR 350 million. These funds have already supported more than 70 companies.
At present, Genesis funds hold investments in the following companies: Hecht Motors, Borcad CZ, TES Vsetín, XBS Group, PFX Group, STT Servis, AV MEDIA, HP Tronic/Datart, 11 Entertainment Group, Summa Linguae Technologies, Conectart, GTH catering, R2B2, Home Care Promedica, HC electronics and JP-Prolak.
For more information, please visit: www.genesis.cz/en
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PR representation of Genesis Capital:
David Vondra, Insighters
E-mail: david.vondra@insighters.cz; Tel.: +420 776 700 131